Waterco Limited ( (AU:WAT) ) has shared an update.
Waterco Limited reported a mixed set of financial results for the first half of its fiscal year 2025, with a 14% increase in sales revenue to $132.4 million but declines in key profitability metrics due to cost pressures and foreign exchange losses. Despite a challenging first quarter, the company anticipates improved performance in the second half, driven by seasonal demand, cost-reduction initiatives, and strategic investments in manufacturing and IT systems. The company is focusing on long-term growth by improving production efficiency and expanding its market reach through the integration of Davey operations and the consolidation of manufacturing facilities in Malaysia.
More about Waterco Limited
Waterco Limited operates in the water treatment and swimming pool equipment industry, providing a range of products and services that cater to both residential and commercial markets. The company focuses on maintaining a strong market presence in regions such as Australia, North America, Europe, and Asia.
YTD Price Performance: -3.12%
Average Trading Volume: 2,559
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$272.5M
For detailed information about WAT stock, go to TipRanks’ Stock Analysis page.