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Middlesex Water Subsidiary Finalizes Pinewood Acres Water System Acquisition
Globenewswire· 2026-01-30 21:17
ISELIN, N.J., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) today announced that its subsidiary, Tidewater Utilities, Inc. (TUI), has completed the acquisition of the water system assets serving 360 customers in Pinewood Acres in Delaware. “We are pleased to welcome Pinewood Acres residents into the Tidewater family,” said Bruce E. Patrick, President of TUI. “A smooth and transparent transition for our new Pinewood Acres customers is our top priority. Our team remains dedicated to ...
A Water Quality Message for Iowa American Water Customers
Prnewswire· 2026-01-29 22:34
A Water Quality Message for Iowa American Water Customers [Accessibility Statement] Skip NavigationWater Company explains "cloudy" waterDAVENPORT, Iowa, Jan. 29, 2026 /PRNewswire/ -- It's that time of the year when Iowa American Water experiences one of its most common customer inquiries, "Why does my tap water sometimes appear cloudy or milky looking?" Iowa American's water quality professionals are quick to explain that cloudy or milky-looking water is not a health concern. Tiny air bubbles in the water c ...
Zurn Elkay Water Solutions Declares Quarterly Cash Dividend
Businesswire· 2026-01-29 17:33
MILWAUKEE--(BUSINESS WIRE)--Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced today that its Board of Directors declared a quarterly common stock dividend of $0.11 per share. The dividend is payable in cash on March 6, 2026 to stockholders of record as of February 20, 2026. Named one of America's Most Responsible Companies and one of America's Greenest Companies by Newsweek and one of the World's Best Companies for Sustainable Growth by TIME, Zurn Elkay Water Solutions is headquartered in Milwauk ...
Indiana American Water Installs First Drinking Water PFAS Treatment System in Indiana
Prnewswire· 2026-01-29 16:50
Indiana American Water Installs First Drinking Water PFAS Treatment System in Indiana [Accessibility Statement] Skip NavigationCHARLESTOWN, Ind., Jan. 29, 2026 /PRNewswire/ -- Indiana American Water held a ribbon cutting ceremony today at its Charlestown water treatment plant. The company announced that the facility is now operating Indiana's first drinking water treatment system designed to remove per- and polyfluoroalkyl substances or PFAS. The nearly $6 million system investment, which went online last m ...
Northwest Natural Holding (NWN) Declares Quarterly Dividend of $0.4925 per Share
Yahoo Finance· 2026-01-29 15:42
Core Viewpoint - Northwest Natural Holding Company (NWN) has declared a quarterly dividend of $0.4925 per share, reflecting its strong commitment to shareholders with a history of 70 consecutive years of dividend increases, positioning it among a select few NYSE companies with such a record [2]. Group 1: Dividend Announcement - NWN announced a quarterly dividend of $0.4925 per share, payable on February 13, 2026, to shareholders on record as of January 30 [2]. - The company has a strong annual dividend yield of 4.20% [2]. Group 2: Financial Performance Expectations - NWN is set to announce its Q4 and full-year 2025 report on February 27, with expectations for FY 2025 adjusted earnings to be above the midpoint of the range of $2.75 to $2.95 per share [3]. - The company reaffirmed its long-term EPS growth target of 4% to 6% compounded annually from the midpoint of the 2025 adjusted EPS guidance range [3].
Badger Meter (BMI) Q4 2025 Earnings Transcript
Yahoo Finance· 2026-01-28 23:21
As expected, fewer operating days in the fourth quarter and previously communicated project pacing effects resulted in a 6% sequential decline in utility water sales versus the third quarter of 2025. The term project pacing is intended to describe typical variation in activity driven by periodic changes in our active customer base and whether or not we act as prime contractor in what we refer to as turnkey projects. Simply put, the sequential quarterly sales decline between the third and fourth quarters of ...
California Water Service Group Board of Directors Announces 59th Annual Dividend Increase and Declares 324th Consecutive Quarterly Dividend
Globenewswire· 2026-01-28 21:15
SAN JOSE, Calif., Jan. 28, 2026 (GLOBE NEWSWIRE) -- To kick off its Centennial Celebration, California Water Service Group (NYSE:CWT) declared its 324th consecutive quarterly dividend in the amount of $0.3350 per common share, payable on February 20, 2026, to stockholders of record as of the close of business on February 9, 2026. The quarterly dividend increase follows the Board of Directors’ announcement of its intent to increase the annual dividend by 8% or $0.10 per common share to $1.34, compared to the ...
Ben Keith named Iowa American Water Director of Business Development and Government Affairs
Prnewswire· 2026-01-28 20:57
DAVENPORT, Iowa, Jan. 28, 2026 /PRNewswire/ -- Iowa American Water announced today it welcomed Ben Keith to the role of Director, Business Development and Government Affairs for the company, effective January 20, 2026. In this role, Ben will focus on legislative priorities, drive change in public policy, and amplify our efforts in external stakeholder engagement. Additionally, Ben will lead Business Development for Iowa American Water, focusing on strategy and origination. Iowa American Water, a subsidiary ...
Badger Meter Q4 Earnings Call Highlights
Yahoo Finance· 2026-01-28 17:56
Don't Be Fooled By Badger Meter's Rise, There's More To Go“The sequential quarterly sales decline … has everything to do with the calendar and quarter-specific customer and project mix, and very little to do with other influences, such as underlying market conditions,” Weltzien said, adding that recent congressional actions supported state revolving fund funding “consistent with historic levels.”Utility water product line sales rose 9% year over year, or 2% excluding SmartCover. Weltzien noted a 6.6% sequen ...
Badger Meter(BMI) - 2025 Q4 - Earnings Call Transcript
2026-01-28 17:00
Financial Data and Key Metrics Changes - Total sales for Q4 2025 reached $221 million, an 8% year-over-year increase, with base sales growth of 2% [6] - Operating earnings grew by 10% year-over-year, with operating profit margins increasing by 40 basis points to 19.5% [9] - Consolidated EPS was $1.14, a 10% increase from $1.04 in the prior year quarter [12] - Record quarterly free cash flow of $50.8 million, up approximately $3.4 million year-over-year [12] Business Line Data and Key Metrics Changes - Utility water product line sales increased by 9% year-over-year, or 2% excluding SmartCover [6] - Flow instrumentation product line sales were flat year-over-year, with modest growth in water-focused end markets [9] - SmartCover generated $40 million in sales for 2025, representing a 25% annualized growth [21] Market Data and Key Metrics Changes - The U.S. market for meters is approximately 6 million units per year, with Badger Meter holding about 30% market share [35] - 85% of the U.S. market is replacement-driven, indicating a stable demand for Badger Meter's products [63] Company Strategy and Development Direction - The company aims to leverage its cellular AMI technology as a foundation for real-time insights and analytics, expanding through the Blue Edge suite of smart water management solutions [14] - The PRASA AMI project is expected to be one of the largest deployments globally, with a focus on E-Series ultrasonic meters and ORION cellular AMI radios [15] - The company is committed to maintaining a clean balance sheet with over $225 million in cash, allowing for organic and inorganic growth investments [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high single-digit sales growth over the next five years, despite potential project pacing dynamics in 2026 [24] - The company does not foresee significant impacts from federal funding constraints on its growth trajectory [23] - Management highlighted the importance of long-term trends in the water industry, which support demand for smart water management solutions [22] Other Important Information - The company successfully integrated SmartCover into its operations, with expectations for earnings accretion in 2026 [21] - SG&A expenses in Q4 were $49.9 million, with a year-over-year increase primarily due to the SmartCover acquisition [11] Q&A Session Summary Question: Did the company see the full impact of project conclusions in Q4? - Management noted that project pacing can vary, and the second half of the year was expected to show lower growth due to fewer working days and project completions [27][28] Question: What is the expected growth rate for 2026? - Management anticipates a lower growth rate in the first half of 2026, with a higher growth rate expected in the second half due to awarded projects [30][31] Question: How does the company view the U.S. market size and its share? - Management confirmed that the U.S. market size is around 6 million meters per year, with Badger Meter's share remaining approximately 30% [35][38] Question: What is the expected impact of the PRASA project on revenue? - Management refrained from sizing the revenue impact of the PRASA project, emphasizing the variability in project deployment timelines [18][19] Question: How does the company manage pricing in relation to tariffs? - Management indicated that pricing adjustments have primarily been through list price increases, without temporary tariff add-ons, maintaining a clean pricing strategy [56][57]