MSEX Q2 2018 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$940M

Q2 2018 Earnings

Utilities Regulated Water

Income Statement

Revenue

$35M+5.8% YoY

Gross Profit

$18M51.8% margin

Operating Income

$11M30.7% margin

Net Income

$9M24.8% margin

EPS (Diluted)

$0.52

QoQ Revenue Growth

+12.0%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

-$8M

Stock-Based Comp.

$362,000

Balance Sheet

Total Assets

$730M

Total Liabilities

$491M

Stockholders' Equity

$239M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$35M	$33M	+5.8%
Gross Profit	$18M	$16M	+10.6%
Operating Income	$11M	$9M	+14.6%
Net Income	$9M	$5M	+61.2%

Revenue Segments

Regulated

$31M89%

Non - Regulated

$4M11%