Orders Surge 42% on Major Water Solutions Contract, Backlog Hits $5,315M
Total orders reached $3,086 million, up 42.0% YoY (40.9% organic), driven primarily by the Water Solutions and Services segment which saw orders surge $872 million (151.1%) to $1,449 million, largely due to a significant contract secured during the quarter. Total backlog reached $5,315 million, up 5.9% YoY and 15.2% versus December 31, 2025, with management anticipating approximately 40% of backlog will convert to revenue in the remainder of 2026.