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Global Water(GWRS) - 2025 Q1 - Earnings Call Transcript
2025-05-15 18:02
Global Water Resources (GWRS) Q1 2025 Earnings Call May 15, 2025 01:00 PM ET Company Participants Kyle Upchurch - ControllerRon Fleming - Chairman, CEO & PresidentMike Liebman - SVP & CFOChristopher Krygier - Chief Operating Officer Operator I would like to remind everyone that this call is being recorded on 05/15/2025 at 1PM Eastern Time. I would now like to turn the conference over to Kyle Upchurch, Controller. Please go ahead. Kyle Upchurch Thank you, operator, and welcome, everyone. Thanks for joining u ...
Global Water(GWRS) - 2025 Q1 - Earnings Call Transcript
2025-05-15 18:00
Global Water Resources (GWRS) Q1 2025 Earnings Call May 15, 2025 01:00 PM ET Speaker0 I would like to remind everyone that this call is being recorded on 05/15/2025 at 1PM Eastern Time. I would now like to turn the conference over to Kyle Upchurch, Controller. Please go ahead. Speaker1 Thank you, operator, and welcome, everyone. Thanks for joining us on today's call. Yesterday, we issued our twenty twenty five first quarter financial results by press release, a copy of which is available on our website at w ...
Global Water Resources, Inc. (GWRS) Matches Q1 Earnings Estimates
ZACKS· 2025-05-14 23:15
Group 1 - Global Water Resources, Inc. reported quarterly earnings of $0.02 per share, matching the Zacks Consensus Estimate, but down from $0.03 per share a year ago [1] - The company posted revenues of $12.46 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 3.81% and up from $11.61 million year-over-year [2] - The stock has underperformed, losing about 11% since the beginning of the year compared to the S&P 500's gain of 0.1% [3] Group 2 - The earnings outlook for Global Water Resources is uncertain, with current consensus EPS estimates at $0.06 for the coming quarter and $0.22 for the current fiscal year [7] - The Zacks Rank for the stock is currently 4 (Sell), indicating expectations of underperformance in the near future [6] - The Utility - Water Supply industry is ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
Global Water(GWRS) - 2025 Q1 - Quarterly Report
2025-05-14 20:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________ FORM 10-Q _____________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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: 001-37756 _____________ ...
Global Water(GWRS) - 2025 Q1 - Quarterly Results
2025-05-14 20:52
Exhibit 99.1 Q1 2025 Operational Highlights Subsequent Events Management Commentary "In Q1 2025, we continued to increase our top-line primarily due to organic growth in active water and wastewater connections and increased consumption," commented Global Water Resources president and CEO, Ron Fleming. "We believe we can maintain solid revenue growth in the quarters and years to come as we reflect appropriate rate increases on top of our organic growth, which together support the potential for strong net inc ...
Global Water Resources Reports First Quarter 2025 Results
Globenewswire· 2025-05-14 20:45
PHOENIX, May 14, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the first quarter ended March 31, 2025. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2025 Financial Highlights Total revenue increased 7.3% to $12.5 million, primarily due to organic connection gr ...
Global Water Resources Granted Rate Increase for GW-Farmers Utility
Newsfilter· 2025-04-23 12:31
PHOENIX, April 23, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has received approval from the Arizona Corporation Commission (ACC) to establish new water rates for its Global Water - Farmers Water Company, Inc. (GW-Farmers) utility located in Pima County, Arizona. The approved new rates are expected to result in an approximately $1.1 million increase in annual revenue based on 2023 test-year service connections. GW-Farmers will implemen ...
Global Water Resources Sets First Quarter 2025 Conference Call for Thursday, May 15, 2025 at 1:00 p.m. ET
Newsfilter· 2025-04-23 12:01
Core Viewpoint - Global Water Resources, Inc. will hold a conference call on May 15, 2025, to discuss its first-quarter financial results for the period ending March 31, 2025 [1] Company Overview - Global Water Resources, Inc. is a leading water resource management company that operates 32 systems providing water, wastewater, and recycled water services, primarily in growth corridors around metropolitan Phoenix and Tucson [3] - The company recycles over 1 billion gallons of water annually, totaling 17.7 billion gallons recycled since 2004 [3] Total Water Management (TWM) - The company has effectively implemented Total Water Management (TWM), an integrated approach to managing the entire water cycle, which maximizes the beneficial use of recycled water [4] - TWM enables smart water management programs, including remote metering infrastructure and advanced technologies, leading to real conservation and protection of water supplies in water-scarce areas [4] Industry Recognition - Global Water has received numerous awards, including national recognition as a 'Utility of the Future Today' for its superior water reuse practices [5] - The company also received the Excellence in Departmental Practice Award from Cityworks for demonstrating leadership in public asset management strategies [5]
Global Water Completes $32.2 Million Public Offering of Common Stock; Underwriters Exercise Full Over-Allotment Option
Globenewswire· 2025-03-27 20:05
PHOENIX, March 27, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure- play water resource management company, today announced that it completed a public offering of 3,220,000 shares of its common stock at a previously disclosed price of $10.00 per share, which includes 420,000 shares issued and sold to the underwriters who exercised in full the option to purchase additional shares of common stock. Certain existing stockholders, including certain directors and/or their affiliates, ...
Global Water Announces Pricing of Public Offering of Common Stock
Newsfilter· 2025-03-26 12:30
PHOENIX, March 26, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, today announced the pricing of an underwritten public offering of 2,800,000 shares of its common stock at a price to the public of $10.00 per share. Certain existing stockholders, including certain directors and/or their affiliates, have agreed to purchase an aggregate of 1,439,200 shares of our common stock in the offering. All of the shares are being sold by the company. T ...