CWT Q3 2024 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q3 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$300M+17.5% YoY

Gross Profit

$199M66.3% margin

Operating Income

$67M22.3% margin

Net Income

$61M20.3% margin

EPS (Diluted)

$1.03

QoQ Revenue Growth

+22.6%

Cash Flow

Operating Cash Flow

$102M

Free Cash Flow

-$16M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$3.4B

Stockholders' Equity

$1.6B

Cash & Equivalents

$60M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$300M	$255M	+17.5%
Gross Profit	$199M	$124M	+59.8%
Operating Income	$67M	$43M	+53.5%
Net Income	$61M	$34M	+76.2%

Revenue Segments

Residential

$185M63%

Business

$56M19%

Public Authorities

$18M6%

Service, Other

$15M5%

Industrial

$10M3%

Non-Regulated Services

$4M1%

Operating And Maintenance

$3M1%

Other Non-Regulated Service

$143,0000%