YORK, Pa., May 06, 2025 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2025. President Hand reported that first quarter operating revenues of $18,456,000 increased $828,000, but net income of $3,638,000 decreased $689,000 compared to the first quarter of 2024. Basic and Diluted Earnings per share of $0.25 for the three-month period decreased $0.05 compared to the same period last year. Increased revenues were ...

Core Viewpoint - SJW Group has rebranded itself as H2O America, reflecting its evolution into a national platform while maintaining a commitment to local communities [1][3][4] Company Overview - H2O America is a national investor-owned network of local water and wastewater utilities, emphasizing the delivery of clean, high-quality water [8][10] - The company serves over 1.6 million people through its regional utilities, including Connecticut Water, Maine Water, San Jose Water, and Texas Water [10] Rebranding Details - The new name and logo symbolize the company's mission to protect water as a precious resource, with "H2O" representing water's essential role and "America" indicating national reach [2][4][5] - The new Nasdaq ticker symbol is HTO, effective immediately, replacing the former symbol SJW [1][7] Leadership Insights - Eric W. Thornburg, the current CEO, highlighted the company's commitment to delivering high-quality water and exceptional service while creating long-term value for investors [3] - Andrew F. Walters, the CFO, will succeed Thornburg as CEO on July 1, 2025, emphasizing the importance of trust in providing drinking water [3] Future Direction - The rebranding is not just a name change but a reflection of the company's unified platform and commitment to local service [6] - H2O America plans to celebrate its new identity by ringing the Nasdaq Closing Bell on May 14, 2025 [7] Community Engagement - The company invests in critical infrastructure to strengthen water supply and remains actively engaged in local communities [9]

Core Insights - Mueller Water Products, Inc. reported a solid performance in the second quarter of fiscal 2025, achieving record levels in consolidated net sales, adjusted EBITDA, and adjusted net income per share, driven by healthy order levels and resilient end-market demand [2][4][6] Financial Performance - Net sales increased by 3.1 percent to $364.3 million compared to $353.4 million in the prior year quarter, primarily due to higher pricing and increased volumes across most product lines [4][6] - Operating income rose by 10.1 percent to $69.9 million, with an operating margin of 19.2 percent, up from 18.0 percent in the prior year quarter [7][10] - Adjusted net income increased by 16.0 percent to $53.7 million, with adjusted net income per diluted share rising by 13.3 percent to $0.34 [10][11] - Adjusted EBITDA increased by 2.8 percent to $84.5 million, with an adjusted EBITDA margin of 23.2 percent [11][12] Segment Results - Water Flow Solutions segment net sales increased by 5.1 percent to $216.2 million, driven by higher volumes of iron gate and specialty valves [12][13] - Water Management Solutions segment net sales increased by 0.3 percent to $148.1 million, primarily due to increased volumes of repair products [15][16] Cash Flow and Balance Sheet - Net cash provided by operating activities for the six-month period increased by $6.2 million to $68.4 million compared to $62.2 million in the prior year period [20][22] - Free cash flow for the six-month period increased by $0.9 million to $47.3 million [22] - As of March 31, 2025, total debt outstanding was $450.5 million, with cash and cash equivalents of $329.2 million, resulting in a debt leverage ratio of 1.5 times [23] Fiscal 2025 Outlook - The company raised its guidance for fiscal 2025 consolidated net sales to between $1,390 million and $1,400 million, reflecting an increase of 5.7 percent to 6.5 percent compared to the prior year [24] - The company reaffirmed its expectations for fiscal 2025 adjusted EBITDA to be between $310 million and $315 million, an increase of 8.9 percent to 10.6 percent compared to the prior year [24][25]

Core Viewpoint - The company is on track with project development and has experienced strong tailwinds in Q1 2025, despite external challenges [1][19]. Project Development and Financing - The company aims to complete construction of the Northern Pipeline by the end of 2026 and the Southern Pipeline by the end of 2027, with an aggressive schedule in place [2]. - Key objectives in Q1 included establishing new companies for project development and securing a lead project investor to raise capital and fund construction [3]. - A $20 million equity raise was closed in Q1 to cover capital costs and development expenses, ensuring the company remains on schedule [9]. Strategic Decisions and Market Positioning - The company secured a deal to purchase 180 miles of steel pipe from the Keystone XL project, which is not subject to the 25% tariffs on imported steel announced by President Trump, thus mitigating project cost risks [4]. - The company delayed permit applications until the new administration was in place, anticipating a more efficient review process under the Trump Administration, which is expected to provide a tailwind for project development [5]. - The company locked in linear generation technology that qualifies for a 50% Investment Tax Credit (ITC) on approximately $120 million in expected costs, which is crucial for securing project investors [6]. Joint Powers Authority and Municipal Financing - The Victor Valley Wastewater Reclamation Authority voted to form a Joint Powers Authority (JPA) to support municipal financing for the project, allowing access to municipal debt for construction financing [11]. ATEC Operations and Market Growth - ATEC completed delivery on the 60MGD Central Utah treatment project and opened a new building to double its production capacity, indicating growth in operations [12]. - The groundwater remediation market in the U.S. is projected to grow at a CAGR of 8.4% to $163.4 billion by 2027, with ATEC's opportunities in various stages of project development increasing significantly in Q1 [13]. Cadiz Ranch Developments - The company is building out wellfield infrastructure at Cadiz Ranch and assisting in the permit process for a hydrogen production facility, with interest from other developers for additional facilities [17][18].

GEORGE TOWN, Cayman Islands, May 05, 2025 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, will hold a conference call on Tuesday, May 13, 2025 at 11:00 a.m. Eastern time to discuss its results for the first quarter ended March 31, 2025. The financial results will be issued in a press release prior to the call. Consolidated Water management will host the call, followed by a question-an ...

Group 1: Visa - Visa reported a 9% increase in revenue and a 10% increase in non-GAAP EPS for its fiscal second quarter of 2025, with payment volumes up 8% and processed transactions rising 9% [3][7] - Year-to-date, Visa's stock is up over 8%, significantly outperforming the financial sector and the S&P 500 [4] - The company generated $9.42 billion in free cash flow in the first half of fiscal 2025, supporting stock repurchases of $8.41 billion and dividends of $2.33 billion [6] - Visa is guiding for low-double-digit net revenue growth and a low teens increase in diluted EPS for the full fiscal year [7] - The stock has a P/E ratio of 34.4, above its 10-year median of 33.1, which is considered justified given the company's performance [8] Group 2: Kenvue - Kenvue's stock currently yields 3.5% and presents a value opportunity in a relatively safe industry, with management focused on turning around its underperforming skin health and beauty segment [9][10] - The skin health segment's recovery is slower than expected, with organic sales declining by 1.9% in 2024, although Neutrogena regained its No. 1 position in the U.S. face care group [11] - Other segments, including self-care and essential health, grew organic sales by 1.9% and 4.1% respectively in 2024 [12] - Kenvue is collaborating with activist investor Starboard Value to appoint new board members, indicating a commitment to improving performance [12][13] Group 3: Essential Utilities - Essential Utilities offers a 3.2% forward yielding dividend, making it an attractive option for conservative investors during market volatility [14] - The company provides water and wastewater services to 1.1 million customers, with 99% of its earnings attributed to these services, which are less likely to be affected by economic downturns [15] - Operating in regulated markets allows Essential Utilities to guarantee certain rates of return, aiding in future cash flow management [16] - The company has increased its dividend payout for 30 consecutive years, with a 7% compound annual growth rate over the past decade [17][18]

Economic Overview - The U.S. economy contracted by 0.3% in the first quarter of 2025, marking the first quarter of negative growth since Q1 2022 and missing analysts' expectations of 0.4% growth [3] - Consumer confidence fell by 7.9 points to 86 in April, reaching a five-year low, indicating a lack of investor confidence in the economy [6] Trade and Tariffs - Concerns are rising that President Trump's tariffs could negatively impact economic health, despite a temporary 90-day pause on tariffs that led to a 41.3% increase in imports for the quarter, while exports only grew by 1.8% [4][6] Consumer Behavior - Consumer spending has slowed as individuals are saving more in anticipation of tougher economic conditions, alongside a significant decline in federal expenditures contributing to sluggish GDP figures [5] Dividend-Paying Stocks - In light of economic uncertainty, investing in dividend-paying stocks is recommended as they tend to provide steady income and stability [2][7] - Atkore Inc. (ATKR) announced a dividend of $0.33 per share with a dividend yield of 2%, having increased its dividend once in the past five years with a payout ratio of 12% [9][8] - Enact Holdings, Inc. (ACT) declared a dividend of $0.21 per share and has a dividend yield of 2.07%, having increased its dividend six times in the past five years with a payout ratio of 16% [11][10] - Pool Corporation (POOL) announced a dividend of $1.25 per share with a dividend yield of 1.64%, having increased its dividend six times in the past five years and a payout ratio of 46% [13][12] - American Water Works Company, Inc. (AWK) declared a dividend of $0.83 per share with a dividend yield of 2.08%, having increased its dividend six times in the past five years and a payout ratio of 57% [15][14]

Core Insights - California Water Service Group (CWT) reported first-quarter 2025 adjusted earnings of 22 cents per share, exceeding the Zacks Consensus Estimate of 16 cents by 37.5%, but down 81.8% from 1.21 in the same quarter last year [1] - Total operating revenues were $204 million, surpassing the Zacks Consensus Estimate of $180 million by 13.2%, yet decreased 24.7% from $270.7 million in the prior-year quarter [2] - Total operating expenses were $181.6 million, a decrease of 5.8% from $192.9 million in the year-ago quarter, with water production costs down by $1.2 million [3] Financial Performance - Net operating income was reported at $22.3 million, significantly lower than $77.9 million from the previous year [3] - Net interest expenses increased to $15.7 million, up 4.1% from $15 million in the prior-year quarter [4] - As of March 31, 2025, cash and cash equivalents stood at $44.5 million, down from $50.1 million as of December 31, 2024, while net long-term debt was $1.1044 billion, slightly down from $1.1046 billion [5] Market Position - CWT currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the market [6] - Upcoming earnings reports from competitors include American States Water (AWR) on May 7, with an estimated earnings increase of 12.9%, and Essential Utilities Inc. (WTRG) on May 12, with an estimated earnings increase of 9.6% [7][8]

Core Viewpoint - Middlesex Water Company reported a decrease in net income and diluted EPS for Q1 2025 compared to the same period in 2024, primarily due to a one-time recovery in the previous year, despite growth in operating revenue and customer base [2][3]. Financial Performance - Net income for Q1 2025 was $9.5 million, with diluted EPS of $0.53, down from $10.7 million and $0.59 in Q1 2024 [2][9]. - Operating revenue increased to $44.3 million, up $3.8 million from $40.5 million in the same quarter last year, driven by rate increases, higher consumption, and customer growth [3][14]. - Operating expenses rose to $32.7 million, an increase of approximately $2.0 million from $30.7 million in Q1 2024, mainly due to higher variable production costs and increased weather-related main break activity [4][14]. Growth Initiatives - The company completed the acquisition of Ocean View water utility assets for approximately $4.6 million, expanding its customer base by serving around 900 customers in Sussex County, Delaware [5][9]. - Middlesex plans to invest approximately $93 million in 2025 to upgrade and enhance its water and wastewater utility infrastructure, having already invested about $19 million in Q1 2025 [7][11]. Rate Applications and Revenue - Middlesex filed a third Distribution System Improvement Charge (DSIC) rate application expected to generate $1.9 million in annual revenues starting June 2025, in addition to existing revenues from previous DSIC filings [6][11]. Dividend Declaration - The Board of Directors declared a second quarter cash dividend of $0.34 per common share, to be paid on June 2, 2025, marking 52 consecutive years of dividend increases [10][11].

California Water Service Group (CWT) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Company Participants James P. Lynch - Senior VP, CFO & TreasurerMartin Kropelnicki - Chairman, President & CEODavis Sunderland - Equity Research Associate Conference Call Participants Angie Storozynski - Senior Equity Research AnalystJonathan Reeder - Analyst Operator Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyo ...