secwatch.observer — SEC 8-K summary
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Issuer:     CALIFORNIA WATER SERVICE GROUP (CWT)
CIK:        0001035201
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001104659-23-027435
Event type: earnings
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

California Water Service Group Reports 2022 Net Income of $96.0M and EPS of $1.77
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- Full-year 2022 net income attributable to CWT was $96.0 million, down from $101.1 million in 2021; diluted EPS was $1.77 vs. $1.96.
- Q4 2022 net income rose to $19.6 million ($0.35 per share) from $3.5 million ($0.07 per share) in Q4 2021.
- Operating revenue increased 7.0% to $846.4 million, driven by rate increases of $34.5 million and deferred revenue changes.
- Infrastructure investment totaled $327.8 million in 2022; Board increased quarterly dividend by 4.0% to $1.04 annual per share.
- Closed acquisitions in Hawaii, New Mexico, Texas, and Washington during 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923027435/0001104659-23-027435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923027435/tm238238d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-027435

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