Last $23.68 USD
Change Today +0.17 / 0.72%
Volume 95.6K
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As of 4:15 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

california water service grp (CWT) Key Developments

California Water Service Group Appoints Ronald D. Webb as Vice President of Human Resources

California Water Service Group announced the selection of Ronald D. Webb as Vice President of Human Resources, effective August 11, 2014. Previously, Webb served as Managing Director, Human Resources Partner for United Airlines.

California Water Service Group Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capex Guidance for the Year 2014

California Water Service Group announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company net income of $17.2 million or $0.36 per basic and diluted common share for the second quarter of 2014, compared to net income of $13.5 million or $0.28 per basic and diluted common share for the second quarter of 2013. Included in the second quarter of 2014 operating results is a $2.5 million or $0.05 per diluted common share non-recurring tax benefit. Revenue for the second quarter of 2014 was $158.4 million, compared to revenue of $154.6 million in second quarter 2013, in part due to higher estimated unbilled revenue. The unbilled revenue increase resulted from higher consumption at the end of the quarter which is not included in the water revenue adjustment mechanism (WRAM). Net operating income was $23,292,000 compared to $20,783,000 for the same period last year. Net operating income was $23.292 million against $20.783 million a year ago. For the six months, the company reported net income of $11.694 million or $0.24 per basic and diluted share compared to $12.437 million or $0.28 per basic and diluted share a year ago. Operating revenue was $268.931 million against $265.999 million a year ago. Net operating income was $24,444,000 compared to $26,553,000 for the same period last year. The year-to-year decrease in earnings per share is partially attributable to the dilutive effect of the stock offering that the company completed in March of 2013. Capex was $53 million year-to-date. Net operating income was $24.444 million against $26.553 million a year ago. The company still plans to meet its capex target of $110 million to $130 million for the calendar year 2014.

California Water Service Group Declares 278Th Consecutive Quarterly Dividend Payable on August 22, 2014

California Water Service Group Board of Directors declared the company's 278(th) consecutive quarterly dividend in the amount of $0.1625 per common share. It will be payable on August 22, 2014, to stockholders of record on August 11, 2014.

California Water Service Group, Board Meeting, Jul 30, 2014

California Water Service Group, Board Meeting, Jul 30, 2014. Agenda: To declare the company's 278(th) consecutive quarterly dividend in the amount of $0.1625 per common share.

California Water Service Group to Report Q2, 2014 Results on Jul 30, 2014

California Water Service Group announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

 

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Price/Earnings 24.2x
Price/Sales 1.9x
Price/Book 1.9x
Price/Cash Flow 10.4x
TEV/Sales 1.0x
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