BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Evoqua Water Technologies Corp. (“Evoqua” or the “Company”) (NYSE: AQUA) investors concerning the Company and its officers’ possible violations of federal securities laws.
The investigation concerns whether the Company misled investors regarding severe disruptions in the Company’s various projects, and the resulting losses to the Company’s profitability. On October 30, 2018, Evoqua announced poor preliminary financial results for the fourth quarter and fiscal year ended September 30, 2018. Evoqua disclosed that the underperformances were "primarily due to acquisition system integration issues, supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project." On this news, shares of Evoqua fell $4.78 per share, or 34.64%, to close at $9.02 on October 30, 2018, thereby injuring investors.
If you purchased Evoqua securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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