The largest increases in Q1 earnings were reported by Alfa Laval, Algonquin Power & Utilities, H2O Innovation, and Kemira. Strong product demand, large project wins, and M&A activity underlie these companies’ strong growth. The 50 companies tracked by Bluefield are segmented by treatment technologies & solutions, hardware & infrastructure, engineering services, digital water solutions, and utility services. The data and analysis highlight key factors shaping not only the segments but also the individual companies.