Tri-Tech Holdings (TRIT) continues to move up off 52 week lows after announcing yesterday that it has won a $20 million contract for the expansion phase of the Ordos City water treatment plant which is a follow up to the initial contract awarded to TRIT last year. Tri-Tech is working on the project through a joint venture with Beijing Anguo and is responsible for design, procurement, installation, training and maintenance. The plant is behind … Read the rest
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Tri-Tech Holdings (TRIT) Posts Big Growth, But Shy Of EPS Estimate & Weak Guidance
Tri-Tech Holdings (TRIT), a China water pollution play, posted big quarter over quarter growth this morning, but the EPS was a hair shy of the analyst estimate and revenue guidance for 2010 was below expectations as well. The company reported an EPS of .28/share (vs the estimate for .29/share) on revenues of $16.9 million (vs the estimate of $13.6 million). That’s good for a 40% quarter over quarter jump in EPS and a 245% jump … Read the rest
Tri-Tech Holdings (TRIT) Earnings/Sales Double, Shares Soar
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Tri-Tech Holdings (TRIT) is a very small company, but one that is growing quickly in an industry with tremendous opportunity – China water. The company reported revenues that doubled over the year ago quarter to $5.9 million and an EPS of .24/share vs the .12/share reported a year ago. Gross margins increased to 38% from the 27% in the year ago quarter. So, clearly a company … Read the rest