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Stock impact report

Pure Cycle Announces Financial Results For the Three and Six Months Ended February 29, 2024 [Yahoo! Finance]

Pure Cycle Corporation (PCYO) 
Last pure cycle corporation earnings: 4/10 01:40 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Pure Cycle posted its nineteenth consecutive fiscal quarter with positive net income. Pure Cycle continues to develop its Sky Ranch Master Planned Community, and as of February 29, 2024, we are actively working on Phase 2A, 2B and 2C. Phase 2B will be ready for builders to start construction in fiscal Q3 2024 and continue into Phase 2C once Phase 2B is built out. We also recognized a 25% increase in water and wastewater revenue for the three months ended February 29, 2024, and a 127% increase in water and wastewater revenue for the six months ended compared to 2023, due to an increase in water sales to oil and gas customers. Q2 and YTD 2024 Highlights Revenues for the three and six months ended February 29, 2024 of $3.2 million and $8.6 million, which drove pre-tax income of $0.2 million and $3.0 million; Net income for the three and six months ended February 29, 2024 of $0.1 million and $2.2 million; EBITDA for the three and six months ended February 29, 2024 of $0.8 million Show less Read more
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