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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

Select Water Solutions / Equity Bottom-Up

<ul><li>Y/Y Water Infrastructure segment revenue increased 41% in 3Q24 and gross profit before D&amp;A increased 99%.</li><li>The strong profit performance allowed Select to overcome a 5% Y/Y total revenue decrease to generate an 11% total gross profit increase.</li><li>Water Infrastructure gross profit before D&amp;A margin increased to 56.7% in 3Q24 from 51.0% in 2Q24 and 40.1% in 3Q23. </li></ul>

Y/Y Water Infrastructure segment revenue increased 41% in 3Q24 and gross profit before D&amp;A increased 99%.The strong profit performance allowed Select to overcome a 5% Y/Y total revenue decrease to generate an 11% total gross profit increase.Water Infrastructure gross profit before D&amp;A margin increased to 56.7% in 3Q24 from 51.0% in 2Q24 and 40.1% in 3Q23. 

Select Water Solutions, Inc. - High-Margin Water Infrastructure Segment Leads Growth Trajectory