Tag Archives: trit

Tri-Tech Holdings (TRIT) Surges After Announcing $20 Million Water Treatment Contract

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

Tri-Tech Holding (TRIT) Smashes Estimates, Sees Big Growth In China Water Treatment Over Next Five Years

Tri-Tech Holding (TRIT) smashed analyst estimates after the bell tonight reporting an EPS of .21/share (vs the estimate for just .13/share) on revenues of $17.5 million (vs the estimate for $9.3 million).  That represents quarter over quarter EPS and revenue growth of 40% and 314% respectively.  A real nice quarter out of TRIT tonight despite lower margins due to a decline in higher margin software sales and the lower margin Ordos project.

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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) Wins $32 Million Water Treatment Plant Contract

Tri-Tech Holdings (TRIT) continues its breakout move this morning and it has a catalyst.  The company has won a $30 million contract for a drinking water treatment plant in Inner Mongolia.  Expect many more of these kinds of contracts in China in the coming years.  TRIT is one of the best ways to play the clean drinking water issues in China.  This particular plant is expected to be one of China‚Äôs largest drinking water treatment … Read the rest

Piper Jaffray Reiterates Overweight On Tri-Tech (TRIT)

Piper Jaffray is out reiterating an Overweight rating on Tri-Tech Holding (TRIT) this morning.  Hat tip to Street Insider for the analyst comment.

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“We expect management’s tone to remain upbeat regarding the outlook as China embarks on significant water infrastructure expansion. TRIT’s proprietary products & services position the company well to capitalize on this large market opportunity. We do not anticipate significant changes to our FY10 … Read the rest

Tri-Tech Holding (TRIT) Beats, Reaffirms Guidance

Tri-Tech Holding (TRIT), a top China water play, reported a Q2 EPS of $0.19, 6 cents better than the analyst estimate of $0.13 this morning. Revenue for the quarter was $8.1 million, which compares to the estimate of $7.02 million.  That’s a revenue surge of 161% over the year ago quarter and a 19% improvement on the EPS side.  Given the big ramp in revenue, I’d like to see TRIT reported a stronger EPS number, … Read the rest

Tri-Tech Holding (TRIT) Shares Pop On $8 Million Buy Back Program

Tri-Tech Holding (TRIT) remains a good way to play China water pollution/scarcity, but the stock has been crushed in recent months and trading down around all time lows.  Today it’s getting some relief after the company announced an $8 million buy back program.  They indicate the repurchases may occur over the next year in one or more public transactions in accordance with Rule 10b-18.

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Tri-Tech Holding (TRIT) Matches EPS, Misses On Revs, Shares Plunge Again

Tri-Tech Holding (TRIT) has really struggled since their last earnings report when the stock gapped up with heavy volume after beating estimates.  It’s been all down hill from there, much of that the result of a secondary offering.  Missing revenue estimates this morning isn’t helping.  The stock was off another 20% around the lows today, but is holding what appears to be decent support around the $10 level.

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Piper Initiates Coverage On Tri-Tech Holding (TRIT) With Overweight

Piper Jaffray is initiating coverage on Tri-Tech Holding (TRIT) this morning with an Overweight rating and a price target of $20 which is about 50% higher than where it is now.  “Recent project wins and favorable government policies around municipal wastewater treatment provide very good visibility in 2010 and the company’s recent capital raise provides the financial strength to grow the top-line aggressively through 2011.”

Shares of TRIT are up about 5% in premarket trading.  … 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