CWT Q1 2024 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q1 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$271M+106.5% YoY

Gross Profit

$176M65.2% margin

Operating Income

$78M28.8% margin

Net Income

$70M25.8% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

+26.2%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

-$83M

Stock-Based Comp.

$700,000

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$3.3B

Stockholders' Equity

$1.5B

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$271M	$131M	+106.5%
Gross Profit	$176M	$55M	+222.3%
Operating Income	$78M	-$18M	+544.5%
Net Income	$70M	-$22M	+414.8%

Revenue Segments

Residential

$92M63%

Business

$35M23%

Public Authorities

$7M5%

Industrial

$7M4%

Non-Regulated Services

$5M3%

Operating And Maintenance

$3M2%

Other Non-Regulated Service

$1M1%

Service, Other

-$3M-2%