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Stock impact report

Global Water Resources Reports Third Quarter 2024 Results

Global Water Resources, Inc. - common stock (GWRS) 
Last global water resources, inc. - common stock earnings: 3/4 06:40 pm Check Earnings Report
US:NASDAQ Investor Relations: gwresources.com/contact-investor-relations
Company Research Source: GlobeNewswire
PHOENIX, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the third quarter ended September 30, 2024. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q3 2024 Financial Highlights Total revenue decreased 1.5% to $14.3 million, primarily attributable to the recognition of $0.5 million in unregulated revenue related to infrastructure coordination and financing agreements (ICFAs) in the third quarter of 2023 that did not recur in the third quarter of 2024.Regulated revenue increased 2.2% to $14.3 million, primarily due to organic connection growth.Net income increased 11.0% to $2.9 million or $0.12 per share.Adjusted EBITDA increased 7.2% to $8.2 million (see definition of adjusted EBITDA, a non-GAAP term, and its reconciliation to Show less Read more
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