earnings
confidence high
sentiment positive
materiality 0.65
Global Water Resources Q3 net income up 11% to $2.9M; adjusted EBITDA $8.2M
Global Water Resources, Inc.
2024-Q3 EPS reported
$0.22
revenue$39,441,000
- Total revenue $14.3M, down 1.5% YoY due to $0.5M non-recurring ICFA revenue; regulated revenue up 2.2%.
- Net income $2.9M ($0.12 EPS) vs $2.6M ($0.11 EPS) YoY, up 11%.
- Adjusted EBITDA $8.2M, up 7.2% vs $7.6M.
- Active connections up 4.7% to 63,889; annualized connection growth rate 4.5%.
- Plans to acquire 2,200-connection system from City of Tucson by early 2025, pending ACC approval.