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H2O Innovation Inc. - $heoff STOCK NEWS

Welcome to our dedicated page for H2O Innovation news (Ticker: $heoff), a resource for investors and traders seeking the latest updates and insights on H2O Innovation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect H2O Innovation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of H2O Innovation's position in the market.

Rhea-AI Summary
H2O Innovation Inc. has entered into an agreement to be acquired by Ember SPV I Purchaser Inc. for $4.251 per share in cash, representing a premium of approximately 68% to the closing price on the TSX. The transaction values H2O Innovation at $395 million. The existing management team will continue to support the company's growth strategy. Ember is partnering with Investissement Québec and Caisse de dépôt et placement du Québec, as well as key executives of H2O Innovation, who will hold an equity interest of approximately 21% in the company post-Transaction. The Transaction is subject to court and shareholder approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
65.96%
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Rhea-AI Summary
H2O Innovation announces new contracts and renewals worth $35.5M, increasing backlog to $250M. Highlights include a five-year contract with the City of Gautier, MS and four new projects in the WTS business line. 80% of new WTS projects come from returning clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
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none
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Rhea-AI Summary
H2O Innovation Inc. announces its financial results for Q4 and FY2023, with revenue growth of 37.4% reaching $253.3M, organic revenue growth of 20.1%, adjusted EBITDA of $21.4M, and net loss of $1.3M. Consolidated backlog increased by 16.3% to $189.6M. The company faces pressure on gross profit margins but has implemented initiatives to improve margin profile. Cash flows generated from operating activities increased to $28.9M. The company remains committed to its 3-Year Strategic Plan and objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
Rhea-AI Summary
H2O Innovation provides update on Maple business line amid challenging market conditions, plans to diversify within agri-food market
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.71%
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none
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Rhea-AI Summary
H2O Innovation Inc. to release Q4 and full fiscal year 2023 financial results on September 27, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
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Rhea-AI Summary
H2O Innovation's Water Technologies & Services business line awarded four new contracts totaling $13.6M, increasing the Corporation's backlog to $76.7M, driven by demand for water treatment systems and the uniqueness of FiberFlexTM technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
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none
Rhea-AI Summary
H2O Innovation's Water Technologies & Services (WTS) business awarded three new water treatment projects worth $8.5M, increasing WTS backlog to $64.0M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.9%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
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H2O Innovation Inc.

OTC:HEOFF

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281.64M
77.16M
4.91%
20.08%
Iron and Steel Forging
Manufacturing
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Canada
Quebec