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Stock impact report

Geospace Technologies Realigns Business Segments to Reflect Strategic Focus

Geospace Technologies Corporation (GEOS) 
Last geospace technologies corporation earnings: 5/4 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: geospace.com/investor-relations
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) announces today that beginning in the fiscal year 2025 it will operate under three new business segments: Smart Water, Energy Solutions and Intelligent Industrial. The business segment realignment and name changes take place in an effort to more accurately reflect the Company’s on-going diversification efforts. The three new segments replace Oil and Gas Markets, Adjacent Markets and Emerging Markets, which were adopted in 2018 following several diversification-oriented acquisitions. Financial reporting on these new business segments will be represented in the first quarter of fiscal year 2025 reports.The Smart Water segment emphasizes the Company’s targeted approach to growing its footprint in the water management industry. This business segment contains the highly successful Hydroconn® smart water connectivity offerings along with the Aquana products. The adoption of advanced technology in Show less Read more
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