8-K
filed May 1, 2023, 7:59 PM ET
ticker HTO
CIK 0000766829
earnings
confidence high
sentiment positive
materiality 0.70
SJW Group reports Q1 EPS $0.37 vs $0.12 YoY; reaffirms FY2023 guidance $2.40-$2.50
H2O AMERICA
2023-Q1 EPS reported
$0.37
revenue$137,296,000
- Diluted EPS $0.37, up 208% YoY from $0.12; net income $11.5M vs $3.7M.
- Operating revenue $137.3M, up 10% YoY; driven by $17.4M in rate filings, partially offset by lower usage.
- FY2023 diluted EPS guidance reaffirmed at $2.40-$2.50; planned infrastructure investments of ~$255M.
- Quarterly dividend of $0.38 per share declared.
- Capital investments of $52.4M in Q1; $1.4B planned over 5 years.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
H2O AMERICA reported the quarter ended March 31, 2023 results: revenue $137.3 million, net income $11.5 million, EPS $0.37 per share. Guidance reaffirmed.
- Period
- the quarter ended March 31, 2023
- Revenue
- $137.3 million
- Net income
- $11.5 million
- EPS
- $0.37 per share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
year. The increase was primarily driven by rate filings in California and Maine, and the delay in SJWC's 2022 GRC. Operating revenue for the quarter ended March 31, 2023 was $137.3 million, up 10% compared to $124.3 million for the same quarter last year. The increase was primarily driven by $17.4 million in rate filings and customer growth of $1.0 million;
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
H2O AMERICA shareholders approved Approval of the 2023 Employee Stock Purchase Plan at the 2023-04-26 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 5: Approval of the 2023 Employee Stock Purchase Plan: For Against Abstain Broker Non-Votes 24,238,998 402,377 25,668 2,724,092
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
H2O AMERICA shareholders approved Advisory vote on frequency of stockholder vote on executive compensation at the 2023-04-26 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 3: Approval, on an advisory basis, the frequency of the stockholder vote on executive compensation: 1-Year 2-Years 3-Years Abstain Broker Non-Votes 24,028,314 8,847 572,098 57,784 2,724,092
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
H2O AMERICA shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2023-04-26 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 6: Ratification of Appointment of Independent Registered Public Accounting Firm: For Against Abstain Broker Non-Votes 27,252,666 111,496 26,973 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
H2O AMERICA shareholders approved Approval of the 2023 Long-Term Incentive Plan at the 2023-04-26 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 4: Approval of the 2023 Long-Term Incentive Plan: For Against Abstain Broker Non-Votes 22,850,992 1,777,511 38,540 2,724,092
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
H2O AMERICA shareholders approved Advisory approval of the compensation of named executive officers at the 2023-04-26 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 2: Approval, on an advisory basis, of the compensation of named executive officers as disclosed in the proxy statement: For Against Abstain Broker Non-Votes 23,195,924 1,419,771 51,348 2,724,092
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
H2O AMERICA shareholders approved Election of eight nominees to serve on the Board of Directors at the 2023-04-26 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 1: Election of Directors: Name of Director For Against Abstain Broker Non-Votes Carl Guardino 24,417,028 231,580 18,435 2,724,092 Mary Ann Hanley 24,485,841 163,162 18,040 2,724,092 Heather Hunt 23,804,560 842,059 20,424 2,724,092 Rebecca A. Klein 23,991,764 656,684 18,595 2,724,092 Gregory P. Landis 23,891,424 752,247 23,372 2,724,092 Daniel B. More 23,955,385 689,192 22,466 2,724,092 Eric W. Thornburg 23,770,016 879,816 17,211 2,724,092 Carol P. Wallace 24,514,428 131,300 21,315 2,724,092
View on SEC.gov
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