1、TRANSFORMING WATER.ENRICHING LIFE.2019ANNUAL REPORTFellow Shareholders,Five years ago,I became the CEO of Evoqua Water Technologies,and as I look back on what our more than 4,100 employees have achieved,I am grateful and humbled.By all accounts,2019 was an outstanding year as we continue to live out
2、 our purpose Transforming Water.Enriching Life.We have executed on our strategy,allowing us to achieve our committed financial targets and preparing us for sustainable growth opportunities.Today,I remain extremely optimistic about the future that lies ahead.Last year,we announced our three-year stra
3、tegy to drive sustainable growth and achieve a series of ambitious goals.To realize these,we underwent a shift in our organizational structure and invested heavily in business processes to better align to our customers as we drove margin improvement.This change was significant,and I am proud that ou
4、r efforts are paying dividends.We reorganized our business from a three-segment structure to a two-segment structure designed to better serve the needs of our customers worldwide.Our new structure created a customer-facing project and service organization,called Integrated Solutions and Services(“IS
5、S”)and a product technology group,Applied Product Technologies(“APT”),focused primarily on sales through indirect channels.This change created a significant impact through our more focused and efficient sales organization and customers responded favorably to our realigned business structure.We reorg
6、anized our business from a three-segment structure to a two-segment structure designed to better serve the needs of our customers worldwide.Our new structure created a customer-facing project and service organization,called Integrated Solutions and Services(“ISS”)and a product technology group,Appli