Businessweek

SJW Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company’s operating revenue was $50,139,000 against $51,149,000 a year ago. Operating income was $5,773,000 against $6,725,000 a year ago. Income before income tax was $2,247,000 against $1,908,000 a year ago. Net income was $1,317,000 against $1,109,000 a year ago. Basic and diluted EPS was $0.07 against $0.06 a year ago. The $1.1 million decrease in revenue was primarily attributable to $3.3 million due to lower customer usage. This decrease was partially offset by the recognition of certain balancing and memorandum accounts of $1.8 million which management has determined are probable of future recovery. The board declared a quarterly dividend on common stock of $0.1825 per share. The dividend is payable on June 3, 2013 to shareholders of record on May 6, 2013.

SJW Corp., Q1 2013 Earnings Call, Apr 25, 2013

SJW Corp. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 24, 2013

SJW Corp., Annual General Meeting, Apr 24, 2013., at 09:00 Pacific Standard Time. Agenda: To elect eight directors to serve on the Board of Directors of SJW Corp.; to approve the amended and restated executive officer Short-Term Incentive Plan which was adopted by the Board of Directors of SJW Corp. on January 30, 2013; to approve the Amended and Restated Long-Term Incentive Plan which was adopted by the Board of Directors of SJW Corp. on January 30, 2013; to ratify the appointment of KPMG LLP as the independent registered public accounting firm of SJW Corp. for fiscal year 2013; and to act upon such other business as may properly come before the annual meeting or any adjournment or postponement thereof.

SJW Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the year, the company reported operating revenue was $62.45 million against $62.34 million for the same period in 2011, an increase of $100,000. The change was primarily attributable to $4.0 million in cumulative rate increases, $3.6 million due to the recognition of balancing and memorandum accounts and $358,000 from new customers. These increases were partially offset by the recognition of the MCRAM of $5.7 million in December 2011 and $2.1 million due to lower customer usage. Net income was $22.3 million and diluted earnings per common share were $1.18 compared to $20.9 million and $1.11 per share, respectively, for the year ended December 31, 2011. Operating income was $14.11 million against $16.52 million for the same period a year ago. Income before income taxes was $10.24 million against $11.56 million for the same period a year ago. For the year, the company reported operating revenue of $261.55 million versus $238.96 million for the year ended December 31, 2011, an increase of $22.6 million. The increase in revenue was attributable to cumulative rate increases of $17.6 million, $5.5 million in higher customer water usage, the recognition of certain balancing and memorandum accounts of $3.6 million in December 2012, $1.3 million from new customers and $383,000 from real estate operations. Net income was $5.9 million compared to $6.7 million for the same period in 2011. Diluted earnings per share were $0.31 compared to $0.35 per diluted share for the same period in 2011. Operating income was $55.3 million against $54.4 million for the same period a year ago. Income before income taxes was $37.86 million against $35.44 million for the same period a year ago. In 2013, the company plan on adding $104.6 million in new utility plant, including an estimated $10 million in connection with bonus depreciation provisions of the American Taxpayer Relief Act of 2012. Over the next 5 years, the company expects to invest an estimated $566 million in new utility plant, subject to regulatory approval. In addition, the company anticipates spending up to $73.5 million over the next 4 years on upgrades to its Montevina Water Treatment Plant. This is also subject to regulatory approval.