CWT Q1 2023 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q1 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$131M-24.2% YoY

Gross Profit

$55M41.8% margin

Operating Income

-$18M-13.4% margin

Net Income

-$22M-16.9% margin

EPS (Diluted)

$-0.40

QoQ Revenue Growth

-34.8%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

-$61M

Stock-Based Comp.

$100,000

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$2.6B

Stockholders' Equity

$1.3B

Cash & Equivalents

$86M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$131M	$173M	-24.2%
Gross Profit	$55M	$82M	-33.0%
Operating Income	-$18M	$9M	-291.8%
Net Income	-$22M	$1M	-2145.2%

Revenue Segments

Residential

$84M61%

Business

$32M23%

Public Authorities

$6M5%

Industrial

$6M4%

Non-Regulated Services

$5M3%

Operating And Maintenance

$3M2%

Service, Other

$2M2%

Other Non-Regulated Service

$782,0001%