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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Looking ahead, the company is reaffirming its 2011 guidance of $69 – $80 million in revenue (analysts estimate $72 million).

Here are highlights of management comments:

– expects rapid growth by providing solutions to environmental impacts in China

– believes wastewater infrastructure will be a key Chinese investment priority over the next five years

– currently most Chinese towns and villages have no access to wastewater treatment infrastructure

– many facilities in China are outdated and need upgrades

– new requirements and standards from government will create opportunities

– company expanding to all reaches of China

"As the deadline for full compliance of new drinking water quality standards approaches, we are more involved in the application of advanced technologies such as membrane technology, disinfection and online monitoring to upgrade, retrofit or replace existing treatment facilities to meet enhanced government requirements.”

– expanding capabilities from subcontracting to prime contracting and becoming full EPC provider

– will focus on larger and higher quality projects

– currently has three major R&D projects in the works involving software development and are expected to be completed by the 2nd half of year

– seeking joint ventures with several industrial companies in the US and Europe

– seeking acquisitions to strengthen water treatment business line