March 24, 2018 12:19 PM ET

Water Utilities

Company Overview of Seven Seas Water Corporation

Company Overview

Seven Seas Water Corporation, through its subsidiaries, supplies water to municipal, industrial, and commercial clients in the United States and internationally. It supplies potable water to communities in water scarce regions. The company also designs, constructs, and operates water treatment facilities that provide water treatment solutions, such as dissolved air flotation, lime softening/clarification, multimedia filtration, ultra-filtration/micro filtration, reverse osmosis, electrodeionization, and gravity filtration; and membrane bio-reactors. In addition, it provides water solutions to industrial applications, such as refineries and nuclear power stations; and water recovery/reuse and...

14400 Carlson Circle

Tampa, FL 33626

United States

Founded in 1996





Key Executives for Seven Seas Water Corporation

Chairman and Chief Executive Officer
Age: 63
Co-Founder and Senior Vice President
Chief Financial Officer and Senior Vice President
Age: 57
Senior Vice President of Global Operations
Compensation as of Fiscal Year 2017.

Seven Seas Water Corporation Key Developments

Seven Seas Water Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Seven Seas Water Corporation reported earnings results for the second quarter and six months ended June 30, 2017. For the period, the company has posted revenues of $14.8 million increased 9.1% from $13.6 million in the prior year period. This increase was mainly due to an increase of $1.0 million in revenues from Peru operations and a $0.5 million increase in revenues at Trinidad plant resulting from a plant expansion completed in 2016. Net loss for Seven Seas Water segment was $2.2 million for the three months ended June 30, 2017, compared to a net loss of $1.4 million for the prior year period. Adjusted EBITDA of $6.1 million for the second quarter of 2017 remained flat compared to the prior year period. For the six months ended June 30, 2017, the company has posted revenues of $29.0 million, an increase of 7.2% over the prior year period revenues of $27.1 million. Net loss for the was $5.1 million, compared to a net loss of $2.2 million in the prior year period. Adjusted EBITDA was $11.8 million for the six months ended June 30, 2017, a 5.4% decrease from $12.4 million in the prior year period.

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