CWT Q2 2024 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q2 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$244M+25.9% YoY

Gross Profit

$158M64.6% margin

Operating Income

$48M19.7% margin

Net Income

$41M16.6% margin

EPS (Diluted)

$0.70

QoQ Revenue Growth

-9.8%

Cash Flow

Operating Cash Flow

$94M

Free Cash Flow

-$10M

Stock-Based Comp.

$400,000

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$3.3B

Stockholders' Equity

$1.5B

Cash & Equivalents

$37M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$244M	$194M	+25.9%
Gross Profit	$158M	$93M	+69.2%
Operating Income	$48M	$16M	+202.0%
Net Income	$41M	$10M	+324.4%

Revenue Segments

Residential

$122M56%

Business

$42M19%

Service, Other

$26M12%

Public Authorities

$11M5%

Industrial

$7M3%

Non-Regulated Services

$6M3%

Operating And Maintenance

$3M1%

Other Non-Regulated Service

$2M1%