CWT Q4 2023 Earnings — California Water Service Group Revenue & Financial Results | Market Cap Arena

CWTCalifornia Water Service Group

$3B

Q4 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$215M+6.8% YoY

Gross Profit

$105M48.7% margin

Operating Income

$35M16.4% margin

Net Income

$30M14.0% margin

EPS (Diluted)

$0.52

QoQ Revenue Growth

-15.9%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

-$35M

Stock-Based Comp.

$293,000

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$3.3B

Stockholders' Equity

$1.4B

Cash & Equivalents

$85M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$215M	$201M	+6.8%
Gross Profit	$105M	$85M	+22.4%
Operating Income	$35M	$26M	+34.0%
Net Income	$30M	$20M	+54.0%

Revenue Segments

Residential

$121M63%

Business

$42M22%

Public Authorities

$11M6%

Industrial

$8M4%

Non-Regulated Services

$5M3%

Operating And Maintenance

$3M2%

Other Non-Regulated Service

$952,0000%