Global Water Resources Q3 revenue up 6% to $11.4M; net income +32% to $1.5M; connections +9.2%

Global Water Resources, Inc.

2021-Q3 EPS reported $0.14 revenue$31,606,000

Revenue $11.4M (+6.0% YoY); net income $1.5M (+32.4%); EPS $0.07 vs $0.05.
Active service connections grew 9.2% to 51,958; annualized growth rate 8.3%.
Declared monthly dividend $0.02434/share ($0.29208 annualized) payable Nov 30.
Acquired Las Quintas Serenas Water Co. adding >1,100 connections in Arizona (post-quarter).
Cash & equivalents $21.2M; $10M unused credit line; $5.4M Q3 infrastructure investment.

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