WeiserMazars LLP, a leading accounting, tax and advisory services firm, released its 2014 U.S. Water Industry Outlook, which found that the most significant challenges facing the industry remain aging infrastructure and capital needs, as they did in the 2012 Outlook. 95% of study respondents ranked aging facilities and infrastructure as one of the most significant challenges facing the water industry. The aging of management and plant workers is also a major challenge according to survey participants. The Outlook discusses issues ranging from operations to financial results and trends impacting the future of the water industry.
This year’s survey addressed new topics, including pricing, non-revenue water, service quality, and opportunities. Participants represent a cross-section of the industry, from operators to investors and technology/equipment solution vendors, with 67% coming from private companies, 18% from public companies. 86% are in company management, with 75% in executive positions and 11% in middle management.
An analysis of developing trends in the water industry was also new to the 2014 Outlook, covering essential factors in obtaining new and/or renewed contracts, annual revenue, operating costs, access to financing for critical upgrades, and the current process of obtaining approvals for change in regulated rates.
“The objective of this year’s Water Industry Outlook was to track the progress of the water industry over the past two years. The significantly larger number of participants gave us a clearer image of the state of the U.S. water industry,” said Jerome Devillers, Head of Water Infrastructure/Project Financing. “Seeing the same key challenges cited in both the 2012 and 2014 studies provides a wake-up call that the water industry remains at risk.”
Click on http://weisermazars.com/images/WeiserMazars_2014_US_Water_Industry_Outlook.pdf to read the study in its entirety.
About WeiserMazars’ U.S. Water Industry Outlook
WeiserMazars’ U.S. Water Industry Outlook is a state of the market survey devoted exclusively to the water industry. The survey focusses on operations, and the financial results and trends that impact the future of the water industry.
About WeiserMazars LLP
Since 1921, WeiserMazars LLP has provided a unique combination of foresight and experience when fulfilling client needs in accounting, tax and advisory services. WeiserMazars’ team of over 100 partners and approximately 650 professionals is based out of six U.S. offices, Israel and the Cayman Islands. As the independent U.S. member firm of the Mazars Group – a prominent international accounting, audit, tax and advisory services organization with nearly 14,000 professionals in more than 70 countries on six continents – WeiserMazars represents clients of all types, including owner-managed businesses, complex, multi-national organizations and high net worth individuals in a multitude of industries.
SOURCE: WeiserMazars LLP