CWT Q1 2022 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q1 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$173M+17.1% YoY

Gross Profit

$82M47.2% margin

Operating Income

$9M5.3% margin

Net Income

$1M0.6% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

-$14M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$2.5B

Stockholders' Equity

$1.2B

Cash & Equivalents

$68M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$173M	$148M	+17.1%
Gross Profit	$82M	$72M	+12.9%
Operating Income	$9M	$3M	+213.1%
Net Income	$1M	-$3M	+135.8%

Revenue Segments

Residential

$107M63%

Business

$32M19%

Service, Other

$7M4%

Public Authorities

$7M4%

Industrial

$6M3%

Non-Regulated Services

$5M3%

Operating And Maintenance

$3M2%

Other Non-Regulated Service

$1M1%