Workflow
California Water Service
icon
Search documents
California Water Service Group Schedules 2025 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
Globenewswire· 2026-02-05 21:05
Core Viewpoint - California Water Service Group is set to release its 2025 full-year and fourth-quarter earnings results on February 25, 2026, after market close, with a conference call scheduled for February 26, 2026 [1] Group 1: Earnings Announcement - The earnings results will be released after market close on February 25, 2026 [1] - The earnings conference call will take place at 11:00 a.m. ET on February 26, 2026 [1] Group 2: Conference Call Details - Stockholders and interested investors can attend the conference call by dialing 1-800-715-9871 or 1-646-307-1963 with ID 2201083, or via a live audio webcast [2] - A replay of the call will be available from 2:00 p.m. ET on February 26, 2026, through April 27, 2026 [2] - The call will be hosted by key executives including Chairman Martin A. Kropelnicki and CFO James P. Lynch [2] Group 3: Company Overview - California Water Service Group is the parent company of several regulated utilities providing water and wastewater services to over 2 million people across multiple states [3] - The company operates under the symbol "CWT" on the New York Stock Exchange [3] - Additional information about the company can be found on its website [3]
California Water Service Group Chairman & CEO Marty Kropelnicki Named to Newly Established CalCEO Council
Globenewswire· 2026-02-03 21:15
Group 1 - California Water Service Group's CEO, Martin Kropelnicki, has joined the CalCEO Council, an advisory group aimed at strengthening California's economy [1][2] - The CalCEO Council consists of 22 business leaders from top companies in California, focusing on solutions, best practices, and public policy proposals to address economic concerns and improve community affordability [2] - The company's mission is to enhance the quality of life for customers, communities, employees, and stockholders through responsible investments in water and wastewater infrastructure and sustainability initiatives [4] Group 2 - California Water Service Group is the largest regulated water utility in the western United States, serving over 2.1 million people across multiple states [3] - The company has been recognized as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, highlighting its commitment to integrity and community well-being [4]
Top 5 Low Price-to-Sales Stock Picks for Value-Focused Investors
ZACKS· 2026-02-03 17:20
Core Insights - Investing in stocks based on valuation metrics, particularly the price-to-sales (P/S) ratio, can identify opportunities with strong upside potential, especially for unprofitable or early-stage growth companies [1][2] Valuation Metrics - The P/S ratio provides a clearer picture of value when earnings are minimal or volatile, making it particularly valuable for assessing companies in recovery or growth phases [2][5] - A P/S ratio below 1 indicates a good bargain, as investors pay less than a dollar for each dollar of revenue generated [6] - The P/S ratio is preferred over the price-to-earnings (P/E) ratio due to the difficulty of manipulating sales figures compared to earnings [7] Investment Opportunities - Low P/S stocks can offer compelling opportunities, often trading below intrinsic value, making them attractive for investors seeking upside potential [3] - Companies with low P/S ratios and strong fundamentals, such as Hamilton Insurance Group, Macy's Inc., G-III Apparel Group, California Water Service Group, and UFP Industries, are highlighted as having potential for higher returns [4][12] Company Profiles - **Hamilton Insurance Group, Ltd. (HG)**: A specialty insurance and reinsurance company benefiting from strong execution and disciplined capital management, with gross premiums written rising significantly [12][13] - **Macy's Inc. (M)**: Undergoing a transformation with its "Bold New Chapter" program, focusing on digital initiatives and omnichannel retailing, currently holds a Zacks Rank 1 and Value Score of A [14][15] - **G-III Apparel Group (GIII)**: Focuses on product differentiation and international expansion, with owned brands generating higher margins, currently holds a Value Score of A and Zacks Rank 2 [16][17] - **California Water Service Group (CWT)**: One of the largest investor-owned water utilities in the U.S., focusing on expansion through acquisitions and high-quality service delivery, currently holds a Value Score of B and Zacks Rank 2 [18][20] - **UFP Industries (UFPI)**: A holding company benefiting from long-term business plans and product innovation, with a focus on acquisitions to solidify its product portfolio, currently holds a Value Score of A and Zacks Rank 2 [21][22]
California Water Service Group Board of Directors Announces 59th Annual Dividend Increase and Declares 324th Consecutive Quarterly Dividend
Globenewswire· 2026-01-28 21:15
Core Viewpoint - California Water Service Group has declared its 324th consecutive quarterly dividend of $0.3350 per common share, marking a significant milestone in its Centennial Celebration and reflecting its commitment to delivering value to stockholders [1][2]. Group 1: Dividend Announcement - The quarterly dividend of $0.3350 is payable on February 20, 2026, to stockholders of record as of February 9, 2026 [1]. - The Board of Directors announced an 8% increase in the annual dividend, raising it from $1.20 to $1.34 per common share, with an additional special dividend of $0.04 paid in 2025 [1]. Group 2: Company Overview - California Water Service Group is the parent company of several regulated utilities, including California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, serving over 2.1 million people across these states [3]. - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [3].
California Water Service Group Celebrates a Century of Building “Trust on Tap”
Globenewswire· 2026-01-26 21:25
Company Overview - California Water Service Group (NYSE: CWT) is celebrating its 100th anniversary in 2026, marking a significant milestone in its history [1][4] - The company serves over 2.1 million people across California, Hawaii, New Mexico, Texas, and Washington, making it the largest regulated public water utility west of the Mississippi River and the third largest in the United States [2][4] Historical Significance - Founded in 1926 by three World War I veterans, the company has demonstrated resilience and commitment to providing safe and reliable water supply throughout its history [2][4] - The centennial celebration reflects the company's legacy and its commitment to future success [1][3] Corporate Values and Commitment - The company's purpose is to enhance the quality of life for customers, communities, employees, and stockholders through responsible investments in water and wastewater infrastructure and sustainability initiatives [5] - California Water Service Group has been recognized as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, highlighting its commitment to integrity and community well-being [5]
CWT vs. AWK: Which Stock Is the Better Value Option?
ZACKS· 2026-01-13 17:41
Core Insights - California Water Service Group (CWT) has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to American Water Works (AWK), which has a Zacks Rank of 3 (Hold) [3] - CWT is considered more attractive to value investors due to its favorable valuation metrics and stronger estimate revision activity [7] Valuation Metrics - CWT has a forward P/E ratio of 17.73, while AWK has a forward P/E of 21.30, suggesting CWT is undervalued relative to AWK [5] - The PEG ratio for CWT is 2.02, compared to AWK's PEG ratio of 3.15, indicating CWT's expected earnings growth is more favorable [5] - CWT's P/B ratio is 1.56, while AWK's P/B ratio is 2.33, further supporting CWT's valuation attractiveness [6] Value Grades - CWT has a Value grade of B, while AWK has a Value grade of D, reflecting CWT's superior valuation metrics [6]
California Water Service Group Expanding Investment and Operations in Texas
Globenewswire· 2026-01-08 23:30
Core Viewpoint - California Water Service Group has agreed to purchase the remaining membership interests of BVRT Utility Holding Company, becoming the sole owner of its water and wastewater utilities in the Austin-San Antonio corridor [1] Group 1: Acquisition Details - The acquisition is subject to customary terms and conditions, including approval from the Public Utilities Commission of Texas and the Group Board [2] - The acquisition will enhance California Water Service Group's investment and operations in Texas, allowing for better integration of the BVRT team [5] Group 2: Expansion and Infrastructure - BVRT has been expanding its Texas footprint by building and enhancing water and wastewater infrastructure [1] - Camino Real Utility Company, a BVRT subsidiary, has received a water certificate to serve future customer connections in a 230-acre area in Caldwell County [3] - Camino Real currently provides wastewater service to 270 customers and has plans to extend its sewer main to serve a new development expected to include up to 5,000 dwelling units by 2036 [4] Group 3: Company Overview - California Water Service Group operates regulated utilities across multiple states, providing water and wastewater services to over 2.1 million people [6]
California Water Service Group Promotes Todd K. Peters and Thomas A.
Globenewswire· 2026-01-07 22:00
Core Viewpoint - California Water Service Group announced the promotion of Todd K. Peters to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026 [1]. Group 1: Promotions and Leadership - Todd K. Peters has been with the company since 1993, holding various positions, most recently as Chief Engineering Officer. He holds a Bachelor of Science Degree in Civil Engineering from San Jose State University and is a licensed Professional Engineer in multiple states [2]. - Thomas A. Scanlon joined the company in 2010 and most recently served as Corporate Controller and Chief Accounting Officer. He holds a Bachelor of Science Degree in Finance from Marquette University and an MBA from the University of Illinois, and is a Certified Public Accountant [3]. - Chairman & CEO Martin A. Kropelnicki stated that the promotions recognize the contributions both individuals have made to the company's success [3][4]. Group 2: Company Overview - California Water Service Group is the parent company of regulated utilities providing water and wastewater services to over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas [5]. - The company's common stock trades on the New York Stock Exchange under the symbol "CWT" [5].
California Water Service Receives Approval for Interim Rate Adjustments from California Public Utilities Commission
Globenewswire· 2025-12-29 23:00
Core Viewpoint - California Water Service (Cal Water) has received authorization for interim rate adjustments of 3% across most service areas, effective January 1, 2026, as the California Public Utilities Commission (CPUC) reviews its 2024 General Rate Case (GRC) and Infrastructure Improvement Plan [1][2][3]. Group 1: Rate Adjustments - The CPUC's approval allows Cal Water to temporarily increase rates by 3% in most districts to support ongoing infrastructure investments necessary for providing safe and reliable water [1][4]. - The interim rates are a response to delays in the final decision of the rate case, which were not caused by Cal Water, and aim to mitigate the financial impact on customers [3][4]. Group 2: Company Background - California Water Service Group is the parent company of several regulated utilities, including California Water Service, and serves over 2.1 million people across multiple states [5]. - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [5].
California Water Service Grants $186,000 to Nine Fire Departments to Help First Responders Enhance Life-Saving Efforts
Globenewswire· 2025-12-22 21:15
Core Insights - California Water Service (Cal Water) has awarded over $186,000 to nine fire departments through its seventh annual Firefighter Grant Program to enhance their rescue and emergency services [1][2] Group 1: Grant Program Details - The grants will fund critical resources and equipment for fire departments, including laryngoscopes, ventilation fans, and gas detection equipment, aimed at improving fire protection and firefighter wellbeing [2] - The funding is part of Cal Water's philanthropic giving program and will not impact customer rates [3] Group 2: Recipients and Their Needs - Bakersfield Fire Department will receive funding for specialized equipment to enhance Urban Search and Rescue capabilities [5] - Chico Fire Department will acquire new gas detection equipment to improve firefighter safety [5] - City of Lomita will use the funds for local fire station improvements [5] - Los Angeles County Fire Department will support its K9 search and rescue dog program [5] - Salinas Fire Department will purchase video laryngoscopes for pre-hospital emergency care [5] - San Mateo Consolidated Fire Department will receive three 3,000-gallon SnapTanks for rapid deployment [5] - South San Francisco Fire Department will acquire a LION Smart Dummy Thermal Manikin for training exercises [5] - Stockton Fire Department will enhance safety with wildland personal protective equipment and training [5] - Visalia Fire Department will replace aging ventilation units with new battery-powered fans [5] Group 3: Company Overview - California Water Service provides reliable water utility services to over 2 million people through 499,600 service connections, focusing on enhancing community quality of life [4] - The company is recognized for its commitment to sustainability, community well-being, and has received accolades such as "America's Most Responsible Companies" [4]