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Complete financial analysis of California Water Service Group (CWT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of California Water Service Group, a leading company in the Regulated Water industry within the Utilities sector.
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California Water Service Group (CWT)
About California Water Service Group
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 794.63M | 846.43M | 790.91M | 794.31M | 714.56M | 698.20M | 666.89M | 609.37M | 588.37M | 597.50M | 584.10M | 559.97M | 501.81M | 460.40M | 449.37M | 410.31M | 367.08M | 334.72M | 320.73M | 315.57M | 277.13M | 263.15M | 246.82M | 244.81M | 206.40M | 186.30M | 195.30M | 182.80M | 165.10M | 157.30M | 151.70M | 139.80M | 127.20M | 124.40M | 117.50M | 113.80M | 112.80M | 109.50M | 104.60M |
| Cost of Revenue | 431.26M | 316.98M | 307.07M | 304.76M | 282.18M | 277.34M | 264.40M | 242.99M | 229.39M | 243.80M | 243.43M | 221.84M | 181.75M | 164.11M | 216.06M | 137.67M | 130.72M | 116.16M | 20.54M | 21.80M | 21.92M | 22.90M | 21.13M | 15.14M | 13.00M | 11.10M | 12.50M | 12.10M | 12.70M | 12.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 363.38M | 529.45M | 483.84M | 489.55M | 432.38M | 420.86M | 402.49M | 366.38M | 358.98M | 353.70M | 340.67M | 338.13M | 320.06M | 296.29M | 233.31M | 272.65M | 236.36M | 218.55M | 300.19M | 293.77M | 255.21M | 240.25M | 225.69M | 229.67M | 193.40M | 175.20M | 182.80M | 170.70M | 152.40M | 144.70M | 151.70M | 139.80M | 127.20M | 124.40M | 117.50M | 113.80M | 112.80M | 109.50M | 104.60M |
| Gross Profit Ratio | 45.73% | 62.55% | 61.18% | 61.63% | 60.51% | 60.28% | 60.35% | 60.13% | 61.01% | 59.20% | 58.32% | 60.38% | 63.78% | 64.36% | 51.92% | 66.45% | 64.39% | 65.29% | 93.60% | 93.09% | 92.09% | 91.30% | 91.44% | 93.82% | 93.70% | 94.04% | 93.60% | 93.38% | 92.31% | 91.99% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 142.26M | 132.72M | 126.69M | 117.06M | 108.62M | 100.78M | 102.91M | 98.47M | 113.11M | 97.37M | 98.06M | 93.93M | 85.76M | 75.28M | 75.24M | 59.43M | 54.26M | 52.79M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | -26.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 142.24M | 132.72M | 126.69M | 117.06M | 108.62M | 100.78M | 102.91M | 98.47M | 113.11M | 97.37M | 98.06M | 93.93M | 85.76M | 75.28M | 75.24M | 59.43M | 54.26M | 52.79M | 48.66M | 47.08M | 40.97M | 37.65M | 36.52M | 32.97M | 28.00M | 24.40M | 23.50M | 21.70M | 20.00M | 18.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 144.01M | 265.81M | 227.58M | 224.39M | 208.07M | -13.77M | 6.51M | 4.99M | 1.90M | 3.08M | 3.53M | 5.13M | 167.14M | 102.69M | 99.95M | 131.24M | 120.04M | 110.16M | 191.72M | 188.12M | 171.11M | 159.74M | 154.29M | 151.93M | 122.60M | 110.20M | 111.10M | 106.50M | 97.20M | 91.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 286.24M | 398.53M | 354.27M | 341.45M | 316.69M | 291.73M | 278.94M | 265.39M | 263.30M | 245.13M | 247.62M | 244.93M | 252.89M | 234.48M | 175.19M | 190.67M | 174.30M | 162.95M | 240.37M | 235.20M | 212.08M | 197.39M | 190.81M | 184.90M | 150.60M | 134.60M | 134.60M | 128.20M | 117.20M | 109.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 717.50M | 715.51M | 661.33M | 646.21M | 598.87M | 569.07M | 543.34M | 508.37M | 492.69M | 488.93M | 491.05M | 466.77M | 434.65M | 398.59M | 391.25M | 328.34M | 305.03M | 279.11M | 260.91M | 257.00M | 234.00M | 220.29M | 211.94M | 200.04M | 163.60M | 145.70M | 147.10M | 140.30M | 129.90M | 122.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Income | 303.00K | 177.00K | 171.00K | 52.00K | 92.00K | 0.00 | 0.00 | 0.00 | 39.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 106.00K | 423.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 49.82M | 44.34M | 43.21M | 41.86M | 41.22M | 37.85M | 33.93M | 30.50M | 27.27M | 26.95M | 28.86M | 28.14M | 29.71M | 26.37M | 21.31M | 17.18M | 17.13M | 16.97M | 17.70M | 17.84M | 17.52M | 16.84M | 16.03M | 14.65M | 0.00 | 12.40M | 0.00 | 11.90M | 11.50M | 11.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 123.12M | 117.36M | 111.58M | 100.94M | 91.29M | 85.71M | 78.59M | 65.20M | 61.38M | 61.22M | 58.32M | 54.67M | 51.98M | 42.83M | 39.78M | 39.49M | 34.24M | 30.65M | 28.73M | 26.11M | 23.26M | 21.24M | 19.23M | 18.37M | 13.30M | 13.80M | 12.80M | 12.10M | 10.60M | 10.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 217.54M | 262.72M | 250.83M | 244.00M | 201.21M | 205.39M | 211.18M | 169.22M | 158.66M | 171.69M | 153.06M | 155.28M | 142.57M | 133.85M | 97.90M | 94.81M | 96.29M | 86.26M | 83.43M | 82.30M | 66.39M | 64.10M | 54.11M | 63.14M | 56.10M | 59.42M | 61.00M | 54.60M | 45.80M | 45.80M | 151.70M | 139.80M | 127.20M | 124.40M | 117.50M | 113.80M | 112.80M | 109.50M | 104.60M |
| EBITDA Ratio | 27.38% | 30.30% | 32.09% | 30.75% | 28.63% | 28.52% | 31.29% | 27.83% | 27.02% | 28.93% | 26.52% | 27.32% | 23.69% | 22.25% | 20.95% | 29.81% | 25.11% | 25.10% | 26.01% | 26.08% | 21.54% | 22.23% | 19.55% | 25.21% | 27.18% | 29.20% | 31.23% | 29.87% | 27.74% | 29.12% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Income | 77.14M | 127.66M | 126.17M | 136.67M | 99.41M | 110.54M | 94.62M | 76.19M | 71.15M | 81.85M | 74.01M | 73.84M | 67.17M | 61.81M | 58.12M | 81.98M | 62.06M | 55.60M | 59.82M | 58.57M | 43.13M | 42.87M | 34.88M | 44.77M | 42.80M | 40.60M | 48.20M | 42.50M | 35.20M | 35.10M | 151.70M | 139.80M | 127.20M | 124.40M | 117.50M | 113.80M | 112.80M | 109.50M | 104.60M |
| Operating Income Ratio | 9.71% | 15.08% | 15.95% | 17.21% | 13.91% | 15.83% | 14.19% | 12.50% | 12.09% | 13.70% | 12.67% | 13.19% | 13.38% | 13.43% | 12.93% | 19.98% | 16.91% | 16.61% | 18.65% | 18.56% | 15.56% | 16.29% | 14.13% | 18.29% | 20.74% | 21.79% | 24.68% | 23.25% | 21.32% | 22.31% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Total Other Income/Expenses | -32.54M | -26.02M | -21.70M | -27.82M | -18.63M | -29.08M | 2.68M | -7.15M | -847.00K | 2.86M | -6.28M | -3.56M | -6.29M | -24.16M | -17.57M | -18.04M | -13.01M | -14.73M | -12.59M | -15.46M | -10.82M | -11.22M | -10.19M | -13.23M | -7.31M | -9.32M | -11.00M | -11.20M | -10.60M | -11.10M | -151.70M | -139.80M | -127.20M | -124.40M | -117.50M | -113.80M | -112.80M | -109.50M | -104.60M |
| Income Before Tax | 44.60M | 101.64M | 105.07M | 108.85M | 80.79M | 81.46M | 100.54M | 75.49M | 70.31M | 84.71M | 67.72M | 70.28M | 37.71M | 37.66M | 40.55M | 63.94M | 49.05M | 40.88M | 47.23M | 43.11M | 32.32M | 31.64M | 24.69M | 31.53M | 32.10M | 29.00M | 37.30M | 31.30M | 24.60M | 24.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 5.61% | 12.01% | 13.28% | 13.70% | 11.31% | 11.67% | 15.08% | 12.39% | 11.95% | 14.18% | 11.59% | 12.55% | 7.52% | 8.18% | 9.02% | 15.58% | 13.36% | 12.21% | 14.73% | 13.66% | 11.66% | 12.02% | 10.00% | 12.88% | 15.55% | 15.57% | 19.10% | 17.12% | 14.90% | 15.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -6.78M | 6.38M | 4.09M | 12.02M | 17.67M | 15.87M | 33.36M | 26.82M | 25.29M | 27.97M | 20.47M | 21.45M | 29.46M | 24.16M | 17.57M | 24.13M | 17.89M | 15.30M | 20.01M | 17.08M | 12.90M | 12.57M | 9.73M | 11.57M | 12.20M | 10.60M | 14.00M | 12.20M | 9.90M | 9.60M | -15.50M | -12.50M | -13.90M | -14.40M | -13.80M | -14.10M | -15.00M | -13.70M | -12.50M |
| Net Income | 51.91M | 96.01M | 101.13M | 96.83M | 63.12M | 65.58M | 67.18M | 48.68M | 45.02M | 56.74M | 47.25M | 48.83M | 37.71M | 37.66M | 40.55M | 39.81M | 31.16M | 25.58M | 27.22M | 26.03M | 19.42M | 19.07M | 14.97M | 19.96M | 19.90M | 18.40M | 23.30M | 19.10M | 14.70M | 14.40M | 15.50M | 12.50M | 13.90M | 14.40M | 13.80M | 14.10M | 15.00M | 13.70M | 12.50M |
| Net Income Ratio | 6.53% | 11.34% | 12.79% | 12.19% | 8.83% | 9.39% | 10.07% | 7.99% | 7.65% | 9.50% | 8.09% | 8.72% | 7.52% | 8.18% | 9.02% | 9.70% | 8.49% | 7.64% | 8.49% | 8.25% | 7.01% | 7.25% | 6.06% | 8.15% | 9.64% | 9.88% | 11.93% | 10.45% | 8.90% | 9.15% | 10.22% | 8.94% | 10.93% | 11.58% | 11.74% | 12.39% | 13.30% | 12.51% | 11.95% |
| EPS | 0.91 | 1.77 | 1.96 | 1.97 | 1.31 | 1.36 | 1.52 | 1.02 | 0.94 | 1.19 | 1.02 | 1.17 | 0.90 | 0.90 | 0.98 | 0.95 | 0.75 | 0.67 | 0.74 | 0.70 | 0.57 | 0.63 | 0.49 | 0.66 | 0.73 | 0.78 | 0.92 | 0.75 | 0.58 | 0.61 | 0.68 | 0.55 | 0.61 | 0.63 | 0.60 | 0.61 | 0.66 | 0.61 | 0.56 |
| EPS Diluted | 0.91 | 1.77 | 1.96 | 1.97 | 1.31 | 1.36 | 1.52 | 1.01 | 0.94 | 1.19 | 1.02 | 1.17 | 0.90 | 0.90 | 0.98 | 0.95 | 0.75 | 0.67 | 0.74 | 0.70 | 0.57 | 0.63 | 0.49 | 0.66 | 0.72 | 0.66 | 0.92 | 0.75 | 0.58 | 0.61 | 0.68 | 0.55 | 0.61 | 0.63 | 0.60 | 0.61 | 0.66 | 0.61 | 0.56 |
| Weighted Avg Shares Out | 56.95M | 54.32M | 51.63M | 49.27M | 48.17M | 48.06M | 48.01M | 47.95M | 47.87M | 47.79M | 46.38M | 41.89M | 41.76M | 41.61M | 41.49M | 41.42M | 41.33M | 37.81M | 36.76M | 34.84M | 31.06M | 30.36M | 30.36M | 30.25M | 30.18M | 25.36M | 25.57M | 25.20M | 25.00M | 23.28M | 22.67M | 22.57M | 22.64M | 22.72M | 22.83M | 22.79M | 22.12M | 21.98M | 22.52M |
| Weighted Avg Shares Out (Dil) | 56.98M | 54.36M | 51.63M | 49.27M | 48.17M | 48.06M | 48.01M | 47.96M | 47.88M | 47.83M | 46.42M | 41.89M | 41.77M | 41.64M | 41.53M | 41.47M | 41.38M | 37.85M | 36.80M | 35.44M | 31.84M | 30.37M | 30.37M | 30.26M | 30.28M | 30.02M | 25.57M | 25.20M | 25.00M | 23.28M | 22.67M | 22.57M | 22.64M | 22.72M | 22.83M | 22.79M | 22.12M | 21.98M | 22.52M |
California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter
SAN JOSE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Company” or “CWT”) today announced 2023 full year net income attributable to CWT of $51.9 million and diluted earnings per share of $0.91 for 2023,...
What's in Store for California Water (CWT) in Q4 Earnings?
California Water's (CWT) Q4 earnings are likely to have gained from acquired assets and the implementation of new rates. However, still-high interest rates and an increase in short-term borrowing rates may have offset some upsides.
California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
SAN JOSE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2023 full-year and fourth-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at...
California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023
SAN JOSE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) contributed $1.56 million in 2023 to charitable organizations and first responders in its communities, just one of the many ways it demonstrates its commitment...
Down -12.51% in 4 Weeks, Here's Why You Should You Buy the Dip in California Water Service Group (CWT)
California Water Service Group (CWT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend...
Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case
SAN JOSE, Calif., Jan. 26, 2024 (GLOBE NEWSWIRE) -- On January 24, 2024, the California Public Utilities Commission (CPUC) Administrative Law Judges assigned to California Water Service's (Cal Water) 2021 General Rate Case issued a proposed decision; the assigned Commissioner...
CORRECTION: California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
The following replaces the release issued at 5:28PM Eastern Time on January 25, 2024. SAN JOSE, Calif.
California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- At its meeting on January 25, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 316th consecutive quarterly dividend, increasing the annual dividend by $0.08, or...
4 Stocks to Watch From the Flourishing Water Supply Industry
Water Utility companies like AWK, CWT, SJW and CWCO, are poised to benefit from stable demand for water and wastewater services across the United States. Their systematic investments should enable them to serve customers efficiently.
California Water Service Group Opens 11th Annual College Scholarship Program Offering $80,000 in Awards
SAN JOSE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) is now accepting applications for its 11th annual College Scholarship Program cycle, one of the ways that the utility demonstrates its commitment to improving...
Source: https://incomestatements.info
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