CWT Q2 2022 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q2 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$206M-3.3% YoY

Gross Profit

$101M49.2% margin

Operating Income

$27M13.2% margin

Net Income

$19M9.4% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

+19.2%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

-$40M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.7B

Total Liabilities

$2.5B

Stockholders' Equity

$1.2B

Cash & Equivalents

$62M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$206M	$213M	-3.3%
Gross Profit	$101M	$115M	-11.6%
Operating Income	$27M	$42M	-35.4%
Net Income	$19M	$38M	-49.0%

Revenue Segments

Residential

$133M63%

Business

$39M19%

Public Authorities

$11M5%

Service, Other

$9M4%

Non-Regulated Services

$7M3%

Industrial

$6M3%

Operating And Maintenance

$3M2%

Other Non-Regulated Service

$3M1%