- H2O Innovation continues to focus on growing its recurring revenues - such revenues have increased from 70% in FY2018 to 87% in LTM 2021.
- H2O Innovation has a solid track record of completing strategic and accretive acquisitions – the company has completed 13 acquisitions since its inception in 1999.
- Among the 3 subsidiaries under the ‘Specialty Chemicals’ business pillar, each having a unique distributor network, <10% of the distributors are currently cross-selling other subsidiaries’ products.
- H2O Innovation has diversified away from one-time project based revenues (WTS business pillar/segment) to higher margin Specialty Chemicals and O&M business pillars.
- H2O Innovation recently released their plans to increase revenues from C$134M in FY2020 to ~C$215M by FY2023 – the company is well on its way to achieve that goal.
For further details see:
H2O Innovation - A Solid Stock Pick With The Right Ingredients