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Stock impact report

Pure Cycle Announces Financial Results For the Year Ended August 31, 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 reported $11.6 million of net income for the year ended August 31, 2024, which is a 147% increase compared to 2023, and marks our seventh consecutive year and twenty-first consecutive fiscal quarter with positive net income. Pure Cycle reported $0.48 of earnings per fully diluted common shares, which is up from $0.19 in 2023, a 153% increase. We recognized a 135% increase in lot sales revenue for the year ended August 31, 2024 compared to 2023, due to an increase in our development activity. Pure Cycle continues to develop its Sky Ranch Master Planned Community, and as of August 31, 2024, we are actively working on Phases 2A, 2B and 2C. Phase 2A and 2B are substantially completed with finished lots delivered to homebuilders. We expect home builders to be able to begin construction in Phase 2C during fiscal 2025 and to start home building in Phase 2D in fiscal 2026. Full Year 2024 Highlights Revenue for the years ended August 31, 2024 and 2023 of $28.7 million and $14.6 Show less Read more
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