earnings
confidence high
sentiment positive
materiality 0.70
Global Water Resources Q2 revenue up 10.7% to $10.9M; net income $2.0M vs prior year loss
Global Water Resources, Inc.
2021-Q2 EPS reported
$0.08
revenue$20,202,000
- Revenue increased 10.7% to $10.9M, driven by organic connection growth and higher consumption.
- Net income of $2.0M ($0.09 per share) vs net loss of $0.1M in Q2 2020.
- Adjusted EBITDA up 11.5% to $5.3M; active connections up 10.2% to 51,314.
- Declared monthly dividend of $0.02434 per share; cash and credit line total $29.3M.
- Sold wireless communications tower for $1.5M gain; rate case hearing scheduled for next week.