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3 leading companies in the water industry with revenue growth of up to 30%

Jamie Cameron
21. 3. 2024
5 min read

The water industry is at the forefront of modern technological advances and innovation, with companies operating in this field playing a key role in creating sustainable and efficient water and wastewater infrastructure solutions. Their efforts not only boost economic growth, but also contribute to environmental protection and improve the quality of life for people around the world. This sector is becoming increasingly important in the context of growing environmental challenges and the need for efficient management of water resources.

Industries such as mining, processing, energy and manufacturing are dependent on the availability of clean water and adequate water treatment and processing systems. 3 companies play a key role in how these industries obtain and use water, and their innovations have a significant impact on the overall efficiency and sustainability of industrial processes.

Xylem Inc. $XYL-1.4%

Xylem Inc. dominates the global market for engineered water and waste products with more than 150 locations around the world. With more than 3,000 innovative products and services, Xylem is a key player in water infrastructure. From 2016 to the present, Xylem has reduced its carbon footprint by 41 %, demonstrating its commitment to sustainability and environmental protection. For 2023, Xylem achieved record revenue growth o 32 % compared to the previous year, strengthening its position.

XYL
$126.22 -$1.78 -1.39%
Target Price
126.67 (+0.36% Upside)

The recent three-year, $50 million contract with Publiacqua in Tuscany, Italy , is just one of many examples of how Xylem is actively contributing to improving the efficiency of water infrastructure. The contract aims to enable a faster and more efficient response to changing water demands in the region through the use of advanced technologies such as real-time meter data analysis and leak detection. Thanks to these technological innovations Xylem helped reduce water losses in Tuscany by 20% in just 12 months.

XYL
$126.22 -$1.78 -1.39%
1 Day
-0.01%
5 Days
-0.27%
1 Month
+2.43%
6 Months
+32.03%
YTD
+11.16%
1 Year
+23.67%
5 Years
+67.75%
Max.
+421.03%

In the last decade, Xylem has continuously increased its research and development of new products, which is reflected in the improvement of the quality of service and the efficiency of their application. With sales and net profit growing by more than 70 % for 2023, Xylem confirms its ability to generate stable and fast growing revenues. The company is also actively contributing to innovations in sustainable water management, which may make it attractive investment opportunity for investors seeking long-term growth and stability.

Primo Water Corporation $PRMW+1.5%

Primo Water Corporation is a key player in the bottled water and water dispensers for homes and businesses. With a portfolio of different types of bottled water under various brands, including spring, mineral, sparkling and flavored water, Primo offers its customers a wide range of options. Over the past period, the company has achieved impressive results, with 2023 recording a 10% increase in sales compared to the previous year. This success underlines the growing demand for quality bottled water and water dispensers.

PRMW
$17.81 $0.26 +1.48%
Capital Structure
Market Cap
2.8B
Enterpr. Val.
3.8B
Valuation
P/E
44.5
P/S
1.3
Dividends
Yield
1.9%
Payout
70.1%

Recent strategic sale of international operations Primo Water Corporation is a clear signal of the company's focus on growth and development in its core North American division. The move has allowed Primo to better focus its resources and investments in key markets and areas of greater opportunity. Combined with a strong performance in 2023, where the company saw significant increases in operating profit and net income, Primo appears to have a clear strategy and potential for future growth.

PRMW
$17.81 $0.26 +1.48%
1 Day
+0.01%
5 Days
+0.37%
1 Month
+10.8%
6 Months
+8.07%
YTD
+5.53%
1 Year
+6.71%
5 Years
+9.16%
Max.
+250.11%

Analysts express a positive outlook on Primo Water Corporation's stock, underscoring the rating as "strong buy" with a high price target. This optimism is supported by the company's successful financial performance and Primo's ability to respond to changing market needs. With this combination of strong performance and strategic choices, Primo Water Corporation appears to be an attractive investment opportunity for those seeking growth and stability.

Pentair PLC $PNR-1.1%

Pentair PLC is a key player in the water industry with a global presence and a broad portfolio products and services. The company focuses on providing water solutions through its three business segments Pool, Water Solutions and Industrial & Flow Technologies. With more than 170 locations worldwide and a wide range of products for water treatment, wastewater treatment and other fluid handling applications.

PNR
$79.18 -$0.87 -1.09%
Capital Structure
Market Cap
13.1B
Enterpr. Val.
14.9B
Valuation
P/E
21.1
P/S
3.2
Dividends
Yield
1.1%
Payout
23.3%

Despite a slight decline in revenue in 2023, Pentair PLC has reported significant growth in operating income, which is a testament to the resilience and efficiency of its business operations. Analysts award the stock Pentair PLC a"strong buy" rating with a high price target estimate. During the same period, the company made significant progress on sustainability, reducing its carbon footprint by 30% from the previous year.

PNR
$79.18 -$0.87 -1.09%
1 Day
-0.01%
5 Days
+1.55%
1 Month
+6.84%
6 Months
+14.59%
YTD
+11.63%
1 Year
+42.7%
5 Years
+89.63%
Max.
+7,512.5%

Pentair's development strategies include organic growth, acquisitions and strategic partnerships. Through these initiatives, the company is expanding its portfolio of products and services and entering new markets and regions. Pentair is also focusing on innovation and new technology development to better meet market needs and strengthen its competitiveness. With a positive outlook and a growing emphasis on sustainability and water efficiency, Pentair PLC is well positioned for continued growth and success.

Disclaimer: There is plenty of inspiration to be found on Bulios, but stock selection and portfolio construction is entirely up to you, so always conduct a thorough analysis of your own.

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