earnings
confidence high
sentiment positive
materiality 0.70
Global Water Resources Q4 net income up 138% to $824k; full-year revenue $44.7M up 8.6%
Global Water Resources, Inc.
- Net income Q4 $824k ($0.04 EPS) vs $346k ($0.02); full-year $5.5M ($0.24) up 53%.
- Revenue Q4 $11.1M (+7.7% YoY); full-year $44.7M (+8.6% excluding unregulated revenues).
- Active connections up 4.4% to 56,270; Feb 2023 acquisition of Farmers Water added 3,300 connections.
- Dividend raised to $0.29791 annualized; payable March 31, 2023; CAPEX $8.7M in 2022.
- Adjusted EBITDA full-year $22.1M (+18.3%); Q4 flat at $4.8M.