CWT Q3 2022 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q3 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$266M+3.7% YoY

Gross Profit

$146M54.7% margin

Operating Income

$65M24.4% margin

Net Income

$56M21.0% margin

EPS (Diluted)

$1.03

QoQ Revenue Growth

+29.2%

Cash Flow

Operating Cash Flow

$110M

Free Cash Flow

$32M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$2.5B

Stockholders' Equity

$1.3B

Cash & Equivalents

$113M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$266M	$257M	+3.7%
Gross Profit	$146M	$143M	+1.5%
Operating Income	$65M	$71M	-8.7%
Net Income	$56M	$62M	-10.5%

Revenue Segments

Residential

$141M61%

Business

$44M19%

Service, Other

$15M6%

Public Authorities

$13M6%

Industrial

$8M4%

Non-Regulated Services

$5M2%

Operating And Maintenance

$3M1%

Other Non-Regulated Service

$720,0000%