Xylem Reports Second Quarter 2023 Results
Second-quarter revenue grew 26%, including May 24 acquisition of Evoqua; up 15% organically Second-quarter earnings per share of $0.45, down 27%; adjusted earnings per share of $0.98, up 32% Raising full-year revenue guidance to approximately $7.2B, up 30%, with organic revenue growth of 9% to 10%, up from 8% to 9% Lifting full-year adjusted EPS guidance to $3.50 to $3.70, from $3.15 to $3.35 on strong momentum from both companies WASHINGTON--(BUSINESS WIRE)-- Xylem Inc. (N...
Euromonitor’s first-ever Global Energy Vulnerability Index highlights international risk of energy shocks
Norway, Canada, Australia and the US are top performers due to diverse mix of energy sources and high self sufficiency Belarus and Lebanon rank at the bottom as both countries lack resources and struggle with energy efficiency Singapore and Hong Kong rank in bottom 10 because of high dependence on energy imports European countries better positioned than many with renewables and economic resilience but heavy reliance on imports raises exposure LONDON, UK – Market rese...
Society of Women Engineers Appoints Laurie Shuster as Editor-in-Chief of SWE Magazine
Chicago – The Society of Women Engineers (SWE), a global organization dedicated to promoting and supporting women in engineering, today announced the appointment of Laurie Shuster as the new editor-in-chief of SWE Magazine. With an extensive background in journalism and a passion for highlighting women's achievements in engineering, Shuster is poised to lead the publication to new heights. She’ll be taking the reins for longtime Director of Editorial and Publications Anne Perusek, who is reti...
Unfavourable Gusts: Cost Inflation Distressing Offshore Wind Projects, Earnings, and Credit Quality
Summary DBRS Morningstar published a commentary titled “Unfavourable Gusts: Cost Inflation Distressing Offshore Wind Projects, Earnings, and Credit Quality.” Key points include: -- The strong growth realized in recent years by the offshore wind power industry is being challenged by significant cost inflation. -- The increase in industry costs would meaningfully reduce project returns and result in lower-than-anticipated future cash flows. -- The industry is likely to receive some...
Superior Construction’s Wekiva Parkway Section 6 Project Wins DBIA Florida Award
Innovative project also receives FTBA’s Best in Construction Award JACKSONVILLE, Fla. (AUGUST 2, 2023) — Superior Construction, an American family-owned infrastructure contractor, has received the 2023 Design-Build Institute of America Florida Region’s Transportation Structures Honor Award for its Wekiva Parkway Section 6 project. The contractor’s signature project was also awarded the Florida Transportation Builders’ Association 2023 Best in Construction Award in the design-build catego...
IFC and Switzerland Expand Partnership to Build Climate-Resilient Urban Infrastructure in Emerging Markets
Paris, August 2, 2023—IFC, the private sector arm of the World Bank, signed an agreement with the government of Switzerland to begin the second phase of the Sustainable Cities program, which supports green urban infrastructure development in emerging markets. IFC’s Sustainable Cities program provides assistance to subnational governments and private sector partners, helping them attract investments and financing for urban infrastructure projects in a range of sectors. These sectors include tr...
CIRCOR Further Enhances Digital Experience with Updates to the CIRCORSmart™ App
New features include hydrogen ready check and information about spare parts and products CIRCOR International, Inc., a leading manufacturer and marketer of differentiated technology products and sub-systems, continuously enhances the digital experience of its consumers by updating its industry leading CIRCORSmart™ app. This app provides a broad range of capabilities, giving users secure, round-the-clock access to critical technical information for over 860,000 products from any web-conn...
Copenhagen Infrastructure Partners and Ignitis Group enter partnership in Estonia and Latvia
Ignitis Group's subsidiary, Ignitis Renewables and Copenhagen Infrastructure Partners (CIP), through its New Markets Fund, have signed an agreement to collaborate exclusively on offshore wind opportunities in Estonia and Latvia. The partnership leverages Ignitis Group’s leading market position in the Baltic region and CIP’s global offshore wind expertise. COPENHAGEN, Denmark and VILNIUS, Lithuania - Estonia's adoption of a legal framework for offshore wind site allocation has paved the way for...
Oldcastle Infrastructure Announces Smart Water Technology Leak Detection Partnership with FIDO Tech
(Atlanta, GA) – Oldcastle Infrastructure, a CRH Company, and a leader in innovative infrastructure solutions, today announced its entry into the smart water market through a strategic partnership with FIDO Tech, a UK-based Artificial Intelligence (AI) and technology solutions provider, to deliver unparalleled leak detection and broader water management and conservation solutions in the United States. The United States loses roughly two trillion gallons of treated drinking water annually, cost...
Harnessing the Power of UV Treatment: Driving Global Momentum for Sustainable Wastewater Reuse
Giuseppe Faretra, Regional Sales Manager for West and Central Europe, Nuvonic Governments worldwide are striving to find effective solutions to address our planet’s environmental challenges. One area that’s coming into sharp focus is the treatment and reuse of municipal wastewater. Wastewater treatment facilities play a vital role in maintaining public health by removing harmful contaminants from wastewater before it’s released into the environment. These contaminants may include path...