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Stock impact report

California Water Service Group Announces Third Quarter 2019 Earnings and Equity Program

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., Oct. 31, 2019 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced net income of $42.4 million or $0.88 earnings per diluted common share for the third quarter of 2019, compared to net income of $36.2 million or $0.75 earnings per diluted common share for the third quarter of 2018. In addition, the Company announced the initiation of a $300 million three-year at-the-market equity sales program. According to President and Chief Executive Officer Martin A. Kropelnicki, the activity in the quarter is indicative of the Company’s long-term strategy. “Our third quarter results reflect continued execution on our plans and budget. We were pleased to reach the previously announced settlement with the Public Advocates Office on the bulk of our California infrastructure plans through 2021. We are embarking on a market equity program over the next three years to support these investments and maintain a balanced capital structure.” “In addition, our Show less Read more
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