Core Points - The National Association of Water Companies honored John (Kani) Kadowaki with the Living Water Award for his leadership during the Lahaina wildfire, ensuring water supply to local communities [1][2] - Kadowaki, as Maui Operations Manager of Hawaii Water Service, led his team to maintain a reliable water supply despite personal losses and operational challenges during the wildfire [2][3] - Hawaii Water was the only water provider in West Maui that did not implement a boil water advisory or experience service outages during the crisis, showcasing effective management under pressure [3][4] Company Overview - California Water Service Group (CWT) is the largest regulated water utility in the western United States, serving over 2.1 million people across multiple states including California and Hawaii [5] - The company focuses on enhancing quality of life through responsible investments in water infrastructure, sustainability initiatives, and community well-being [6] - California Water Service Group has received recognition as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, highlighting its commitment to integrity and community care [6]

SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) has earned a spot on Newsweek's list of the "World's Most Trustworthy Companies" for the second year in a row, the magazine announced today. The designation, also in its second year, was given to Group by Newsweek and Statista Inc., a leading statistics portal and industry ranking provider, based on feedback and analysis from the utility's customers, investors, and employees. Newsweek selected 57 companie ...

SAN JOSE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) opened its sixth annual Firefighter Grant Program today to fire departments in its districts, as part of its ongoing commitment to—and partnership with—local first responders. Cal Water encourages professional and volunteer fire departments that serve any part of Cal Water's service areas to apply for funding that will offset costs for fire protection efforts, equipment, training, and education. Cal Water's Firefighter ...

SAN JOSE, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- For the ninth consecutive year, the Great Place to Work® Institute has named California Water Service Group (Group) (NYSE: CWT) a Great Place to Work. The Great Place to Work award is based wholly on current, full-time employees' feedback about their experience working at the company. The certification includes two parts: a Culture Audit© and a Trust Index©. Results were then compared to other top U.S. workplaces to determine the company's placement. Beyon ...

Core Insights - The article discusses three companies recognized for their strong dividend performance: Emerson Electric, Illinois Tool Works (ITW), and California Water Service Group, highlighting their operational resilience and dividend growth history [2][3][19] Group 1: Emerson Electric - Emerson Electric's stock has declined by 11.5% recently, creating a potential buying opportunity despite a negative market reaction to its Q3 earnings report [4] - The company's automation segment is facing challenges, particularly in discrete automation and test and measurement, with expectations for recovery not until 2025 [6][8] - Emerson's process and hybrid automation markets are showing steady mid-single-digit growth, supported by investments in sectors like LNG and life sciences [7] - The company anticipates $2.8 billion in free cash flow for 2024, trading at 21 times estimated free cash flow, indicating a reasonable valuation as earnings and cash flow are expected to improve [9] Group 2: Illinois Tool Works (ITW) - ITW has consistently outperformed the S&P 500 over the last decade, but its stock is down year-to-date due to macroeconomic challenges [10] - The company has raised its dividend by 7% to $1.50 per share quarterly, resulting in a forward yield of 2.4%, with a payout ratio of 59% based on trailing earnings [12] - ITW's diversified business model across seven segments helps mitigate risks from cyclical downturns, maintaining operational efficiency with a record high Q2 2024 operating margin of 26.2% [13][15] - The current valuation of ITW has become more attractive as its price-to-earnings ratio approaches historical averages [16] Group 3: California Water Service Group - California Water Service Group has a long history of dividend payments, having raised its dividend for 57 consecutive years, with a current forward yield of 2.1% [19][20] - The company focuses on steady growth through acquisitions of small municipal utilities and aims for a 1% annual growth in customers over the next five years, expanding into states beyond California [20] - Operating primarily in regulated markets, California Water Service has a predictable cash flow, allowing for effective planning of capital expenditures and dividends, with a 62% average payout ratio over the past decade [21] - The stock is currently valued at only 7.6 times operating cash flow, compared to a five-year average cash flow multiple of 12.6, indicating a potential buying opportunity [22]

SAN JOSE, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- In recognition of the company's commitment to its employees, the San Francisco Chronicle has named California Water Service Group (Group) (NYSE: CWT) a Top Workplace in the Bay Area for the 12th year. The distinction is awarded each year based on input from local employees of California Water Service (Cal Water), Group's largest subsidiary. Beyond Cal Water's long-standing efforts to support employees—which include a competitive compensation and benefits p ...

California Aqueduct with Storm Sky trekandshoot/iStock via Getty Images Having increased its dividend for 57 consecutive years, California Water Service Group (NYSE:CWT) is likely to offer stable dividend growth in the future as well. The company, which is currently moderately discounted, provides a relatively favorable place to buy. Although CWT's main business area remains California, the company is gradually expanding to other US states as well. This fact reduces regional risk and increases growth opport ...

California Water Service Group (CWT) recorded second-quarter 2024 adjusted earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 39 cents by 79.5%. The bottom line also increased from the year-ago quarter's figure of 17 cents. Total Revenues Operating revenues totaled $244.3 million, which surpassed the Zacks Consensus Estimate of $200 million by 22%. The top line also increased 25.9% from $194 million recorded in the prior-year quarter. The quarterly results continued to benefit f ...

California Water Service Group (NYSE:CWT) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants James Lynch - Senior Vice President, Chief Financial Officer and Treasurer Martin Kropelnicki - Chairman and Chief Executive Officer Greg Milleman - Vice President of Rates and Regulatory Affairs Conference Call Participants Michael Gaugler - Janney Montgomery Scott Davis Sunderland - Baird Jonathan Reeder - Wells Fargo Operator Thank you for standing by. I will be your conference operat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13883 CALIFORNIA WATER SERVICE GROUP (Exact name of registrant as specified in its charter) Delaware 77-0448994 ( ...