Private company

Evoqua Water Technologies Corp.

American refrigeration and service industry machinery company. Summary from the record

Last updated Oct 19, 2026.

Overview

$1.7BRevenue, fiscal 2022²

$72.2MNet income, fiscal 2022²

IndustryRefrigeration & Service Industry Machinery¹
HeadquartersPittsburgh, Pennsylvania¹
Incorporated inDE³
Business address210 Sixth Avenue, Pittsburgh, Pa 15222³
Filer categoryLarge accelerated filer³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

30.9%Gross margin²

6.0%Operating margin²

4.2%Net margin²

18.6%Revenue growth, 2022²

10.2%Return on equity²

1.25×Debt to equity²

$99.4MFree cash flow²

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueOther costs

Cost of revenue69¢$1.2B
Research and development1¢$15.4M
Other costs24¢$410.6M
Interest2¢$34.7M
Income tax0¢$3.0M
Profit4¢$72.2M

Out of $1.7B in revenue.²

Where each dollar of operating cash went, fiscal 2022

Capital spendingKept or used elsewhere

Capital spending45¢$82.0M
Kept or used elsewhere55¢$99.4M

Out of $181.4M of cash from operations.²

Financial statements

Revenue⁴⁵⁶⁷²$1.7B in 2022+53% since 2016

Gross profit⁴⁵⁶⁷²$536.0M in 2022+61% since 2016

Operating income⁴⁵⁶⁷²$104.0M in 2022−2% since 2016

Net income⁴⁵⁶⁷²$72.2M in 2022+520% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Revenue	$1.1B⁴	$1.2B⁵	$1.3B⁶	$1.4B⁷	$1.4B²	$1.5B²	$1.7B²
Cost of revenue	$804.1M⁴	$847.7M⁵	$934.8M⁶	$1.0B⁷	$979.7M²	$1.0B²	$1.2B²
Gross profit	$333.1M⁴	$399.8M⁵	$404.7M⁶	$426.0M⁷	$449.8M²	$457.4M²	$536.0M²
Research and development	$22.9M⁴	$20.0M⁵	$15.9M⁶	$15.3M⁷	$13.2M²	$13.4M²	$15.4M²
Operating expenses							$437.3M²
Operating income	$106.4M⁴	$69.2M⁵	$66.8M⁶	$59.7M⁷	$168.4M²	$99.3M²	$104.0M²
Interest	$42.5M⁴	$55.4M⁵	$57.6M⁶	$58.6M⁷	$46.7M²	$37.6M²	$34.7M²
Income before tax							$69.3M²
Income tax	-$18.4M⁴	$7.4M⁵	$1.4M⁶	$9.6M⁷	$7.4M²	$10.1M²	-$3.0M²
Net income	$11.6M⁴	$2.2M⁵	$6.1M⁶	-$9.5M⁷	$113.6M²	$51.5M²	$72.2M²
Earnings per share	$0.11⁴	$0.02⁵	$0.05⁶	-$0.08⁷	$0.97²	$0.43²	$0.60²
Earnings per share (diluted)	$0.11⁴	$0.02⁵	$0.05⁶	-$0.08⁷	$0.94²	$0.42²	$0.58²
Shares (weighted, basic)							121.1M shares²
Shares (weighted, diluted)							124.9M shares²

Total assets⁴⁵⁶⁷²$2.2B in 2022+49% since 2017

Total liabilities⁴⁵⁶⁷²$1.5B in 2022+18% since 2017

Shareholders’ equity⁴⁵⁶⁷²$710.1M in 2022+307% since 2015

Cash⁴⁶⁷²$134.0M in 2022−21% since 2015

Long-term debt⁴⁵⁶⁷²$890.7M in 2022−7% since 2018

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022
Cash	$169.0M⁴	$50.4M⁴	$59.3M⁴	$82.4M⁶	$109.9M⁷	$193.0M⁷	$146.2M²	$134.0M²
Receivables								$305.7M²
Inventory								$229.4M²
Current assets			$512.2M⁴	$565.6M⁵	$637.2M⁶	$695.7M⁷	$678.5M²	$831.4M²
Property, plant and equipment								$405.3M²
Goodwill								$473.6M²
Intangible assets								$317.7M²
Total assets			$1.5B⁴	$1.7B⁵	$1.8B⁶	$1.8B⁷	$1.9B²	$2.2B²
Accounts payable								$213.5M²
Current liabilities			$291.9M⁴	$284.7M⁵	$335.8M⁶	$349.6M⁷	$406.0M²	$483.7M²
Long-term debt				$953.8M⁴	$977.2M⁵	$885.5M⁶	$754.9M⁷	$890.7M²
Long-term liabilities								$997.1M²
Total liabilities			$1.3B⁴	$1.3B⁵	$1.4B⁶	$1.4B⁷	$1.3B²	$1.5B²
Retained earnings								$61.0M²
Shareholders’ equity	$174.4M⁴	$203.9M⁵	$211.4M⁴	$358.9M⁵	$361.4M⁶	$480.1M⁷	$580.7M²	$710.1M²
Shares outstanding			104.9M shares⁴	113.9M shares⁴	114.4M shares⁵	118.3M shares⁶	120.6M shares⁷	121.8M shares²

Cash from operations⁴⁵⁶⁷²$181.4M in 2022+468% since 2016

Capital spending⁴⁵⁶⁷²$82.0M in 2022+72% since 2016

Free cash flow⁴⁵⁶⁷²$99.4M in 2022

Share buybacks⁴⁵⁶$0 in 2020

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash from operations	$31.9M⁴	$28.5M⁵	$81.0M⁶	$125.2M⁷	$177.0M²	$178.7M²	$181.4M²
Depreciation and amortization							$127.6M²
Stock-based compensation							$22.1M²
Capital spending	$47.7M⁴	$57.8M⁵	$80.7M⁶	$88.9M⁷	$88.5M²	$75.3M²	$82.0M²
Free cash flow	-$15.8M	-$29.3M	$304.0K	$36.3M	$88.6M	$103.4M	$99.4M
Cash from investing							-$310.7M²
Share buybacks	$723.0K⁴	$1.5M⁵	$230.0K⁶	$0⁶	$0⁶
Cash from financing							$125.5M²

Compare Evoqua Water Technologies Corp. with another company

Leadership

Who has led Evoqua Water Technologies Corp., and when. Pick a name to see everywhere that person has worked.

20202025

Chief executive officerRonald C. Keating Nov 1, 2017 to May 26, 2023¹⁰
PresidentRonald C. Keating Nov 1, 2017 to May 26, 2023¹⁰
Chief financial officerBenedict J. Stas Nov 1, 2017 to May 26, 2023¹¹

Board members and other officers (21)

Executive Vice PresidentHerve Fages Mar 5, 2019 to May 26, 2023¹²
Chief Growth OfficerSnehal Desai Jan 17, 2018 to May 26, 2023¹³
Executive Vice President, CHROAnthony Webster Nov 1, 2017 to May 26, 2023¹⁴
Executive Vice PresidentEdward May Nov 1, 2017 to Apr 4, 2018¹⁵
EVP, Corporate StrategyJames M. Kohosek Nov 1, 2017 to May 26, 2023¹⁶
Executive Vice PresidentKenneth Rodi Nov 1, 2017 to Apr 4, 2018¹⁷
Executive Vice PresidentMalcolm Kinnaird Nov 1, 2017 to Apr 4, 2018¹⁸
Executive Vice PresidentRodney Aulick Nov 1, 2017 to May 26, 2023¹⁹
EVP, Secretary & GCVincent Grieco Nov 1, 2017 to May 26, 2023²⁰
Board memberJulia A. Sloat Mar 1, 2022 to May 26, 2023²¹
Board memberSoares Sherrese Clarke Aug 18, 2021 to May 26, 2023²²
Board memberLisa Glatch Feb 19, 2020 to May 26, 2023²³
Board memberPeter M. Wilver Jan 17, 2018 to May 26, 2023²⁴
Board memberLynn C. Swann May 23, 2018 to May 26, 2023²⁵
Board memberBrian R. Hoesterey Nov 1, 2017 to Nov 1, 2017²⁶
Board memberGary A. Cappeline Nov 1, 2017 to May 26, 2023²⁷
Board memberJudd A. Gregg Nov 1, 2017 to Aug 9, 2021²⁸
Board memberMartin Lamb Nov 1, 2017 to May 26, 2023²⁹
Board memberNick Bhambri Nov 1, 2017 to May 26, 2023³⁰
Board memberRonald C. Keating Nov 1, 2017 to May 26, 2023¹⁰
Board memberVinay Kumar Nov 1, 2017 to Nov 1, 2017³¹

Former names

EWT Holdings I Corp.Apr 14, 2014 to Oct 17, 2017³

Timeline

Nov 1, 2017New chief executive Ronald C. Keating becomes CEO¹⁰

Filings

172 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 23 major events, 98 insider forms, 5 large holders, 39 other. The latest 20:

Feb 1, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
Jun 5, 202315-12G EDGAR
May 31, 2023EFFECT EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 26, 20234 EDGAR
May 24, 2023POS AM EDGAR

The 172 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 0 buys and 10 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
May 8, 2023	Aulick RodneyExecutive Vice President	Sale	200	$52.10	$10.4K	Form 4
Feb 7, 2023	Aulick RodneyExecutive Vice President	Sale	6,494	$50.36	$327.0K	Form 4
Aug 8, 2022	Keating Ronald CPresident and CEO	Sale	78,159	$38.61	$3.0M	Form 4
Aug 5, 2022	Keating Ronald CPresident and CEO	Sale	165,422	$38.77	$6.4M	Form 4
Apr 20, 2022	Bhambri NickDirector	Sale	87,641	$45.08	$4.0M	Form 4
Apr 19, 2022	Bhambri NickDirector	Sale	37,359	$45.01	$1.7M	Form 4
Mar 16, 2022	Fages HerveExecutive Vice President	Sale	20,438	$45.00	$919.7K	Form 4
Mar 9, 2022	Fages HerveExecutive Vice President	Sale	40,991	$43.10	$1.8M	Form 4
Mar 8, 2022	Fages HerveExecutive Vice President	Sale	12,381	$43.00	$532.4K	Form 4
Mar 7, 2022	Lamb MartinDirector	Sale	100,000	$42.02	$4.2M	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

InvescoSC 13G/A, 3 filings Feb 9, 2022 to Feb 1, 2024³²
VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 2023³³

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGAREvoqua Water Technologies Corp. filings on SEC EDGAR
2
SEC EDGAREvoqua Water Technologies Corp. 10-K for fiscal 2022
3
SEC EDGAREvoqua Water Technologies Corp. filings on SEC EDGAR
4
SEC EDGAREvoqua Water Technologies Corp. 10-K for fiscal 2016
5
SEC EDGAREvoqua Water Technologies Corp. 10-K for fiscal 2017
6
SEC EDGAREvoqua Water Technologies Corp. 10-K for fiscal 2018
7
SEC EDGAREvoqua Water Technologies Corp. 10-K for fiscal 2019
8
SEC EDGAREvoqua Water Technologies Corp. 10-Q for fiscal 2022
9
SEC EDGAREvoqua Water Technologies Corp. 10-Q for fiscal 2023
10
SEC EDGARRonald C. Keating, Chief executive officer
11
SEC EDGARBenedict J. Stas, Chief financial officer
12
SEC EDGARHerve Fages, Executive Vice President
13
SEC EDGARSnehal Desai, Chief Growth Officer
14
SEC EDGARAnthony Webster, Executive Vice President, CHRO
15
SEC EDGAREdward May, Executive Vice President
16
SEC EDGARJames M. Kohosek, EVP, Corporate Strategy
17
SEC EDGARKenneth Rodi, Executive Vice President
18
SEC EDGARMalcolm Kinnaird, Executive Vice President
19
SEC EDGARRodney Aulick, Executive Vice President
20
SEC EDGARVincent Grieco, EVP, Secretary & GC
21
SEC EDGARJulia A. Sloat, Board member
22
SEC EDGARSoares Sherrese Clarke, Board member
23
SEC EDGARLisa Glatch, Board member
24
SEC EDGARPeter M. Wilver, Board member
25
SEC EDGARLynn C. Swann, Board member
26
SEC EDGARBrian R. Hoesterey, Board member
27
SEC EDGARGary A. Cappeline, Board member
28
SEC EDGARJudd A. Gregg, Board member
29
SEC EDGARMartin Lamb, Board member
30
SEC EDGARNick Bhambri, Board member
31
SEC EDGARVinay Kumar, Board member
32
SEC EDGARInvesco SC 13G/A on Evoqua Water Technologies Corp.
33
SEC EDGARVANGUARD GROUP INC SC 13G/A on Evoqua Water Technologies Corp.