CWT Q3 2023 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q3 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$255M-4.3% YoY

Gross Profit

$124M48.7% margin

Operating Income

$43M17.1% margin

Net Income

$34M13.5% margin

EPS (Diluted)

$0.60

QoQ Revenue Growth

+31.4%

Cash Flow

Operating Cash Flow

$106M

Free Cash Flow

$9M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.6B

Stockholders' Equity

$1.4B

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$255M	$266M	-4.3%
Gross Profit	$124M	$146M	-14.7%
Operating Income	$43M	$65M	-33.1%
Net Income	$34M	$56M	-38.4%

Revenue Segments

Residential

$150M62%

Business

$48M20%

Public Authorities

$15M6%

Service, Other

$14M6%

Industrial

$8M3%

Non-Regulated Services

$5M2%

Operating And Maintenance

$3M1%

Other Non-Regulated Service

$972,0000%