CWT Q2 2023 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q2 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$194M-5.9% YoY

Gross Profit

$93M48.1% margin

Operating Income

$16M8.2% margin

Net Income

$10M4.9% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+48.0%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

-$79M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.6B

Stockholders' Equity

$1.4B

Cash & Equivalents

$56M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$194M	$206M	-5.9%
Gross Profit	$93M	$101M	-8.1%
Operating Income	$16M	$27M	-41.6%
Net Income	$10M	$19M	-51.0%

Revenue Segments

Residential

$109M58%

Business

$38M20%

Service, Other

$16M9%

Public Authorities

$9M5%

Industrial

$6M3%

Non-Regulated Services

$4M2%

Operating And Maintenance

$3M2%

Other Non-Regulated Service

$800,0000%