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Consolidated Water Benefits From New Technology and Growing Business
ZACKS· 2025-07-10 13:15
Key Takeaways CWCO uses Reverse Osmosis at all plants, supporting global desalination and potable water expansion. CWCO operates 10 plants with 26.2M GPD capacity and seeks growth via alliances, JVs and acquisitions. CWCO faces liquidity risks from delayed receivables in the Bahamas and fluctuating water service demand.Consolidated Water Co. Ltd. (CWCO) continues to benefit from the use of the most advanced technology to convert seawater to potable water to meet customer needs. The expansion of operations ...
4 Stocks to Watch From the Thriving Water Supply Industry
ZACKS· 2025-06-04 17:06
The companies under the Zacks Utility - Water Supply industry operate continuously to deliver a steady supply of clean, potable water and dependable sewer services to millions across the United States, services that are vital for maintaining public health and hygiene. Traditionally, water demand tends to dip during the winter months, as colder weather limits outdoor usage. In the spring, demand remains moderate, influenced by milder temperatures and gradually increasing outdoor activities.The aging of pipel ...
The York Water Company Reports Three Months Earnings
Globenewswire· 2025-05-06 13:30
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 ...
Middlesex Water Company Reports First Quarter 2025 Earnings
Globenewswire· 2025-05-01 20:10
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].
Anheuser-Busch Produces 100 Millionth Can of Emergency Drinking Water for Communities in Need
Prnewswire· 2025-04-30 13:00
Core Insights - Anheuser-Busch has produced its 100 millionth can of emergency drinking water, highlighting its commitment to disaster relief efforts since 1988 [1][4] - The company is investing over $6 million to enhance capabilities at its Fort Collins brewery, which will improve the production of both beer and emergency drinking water [3][4] Investment and Production - The $6 million investment aims to strengthen Anheuser-Busch's brewing and packaging capabilities, further supporting its disaster relief initiatives [3] - Anheuser-Busch's breweries in Fort Collins, Colorado, and Cartersville, Georgia, are dedicated to producing emergency drinking water year-round to ensure availability during disasters [4] Partnerships and Community Impact - Anheuser-Busch collaborates with the American Red Cross and the National Volunteer Fire Council (NVFC) to deliver emergency drinking water to communities in need [5][6] - The company plans to deliver 1.5 million cans of emergency drinking water to over 630 volunteer fire departments across 45 states as part of its annual campaign [5] Historical Context - Anheuser-Busch has paused beer production at all 12 of its U.S. breweries at various times to produce emergency drinking water, demonstrating its long-standing commitment to community support [4] - More than 10% of the 100 million cans produced have been distributed to fire departments, providing essential resources and cost savings for these organizations [6]