Global Water Stock Price, News & Analysis

Global Water Resources Inc. (NASDAQ: GWRS) announced the election results for its 2021 Annual Meeting of Stockholders. All nominated Directors were elected, with Ron L. Fleming receiving 95.29% of votes cast. The appointment of Deloitte & Touche LLP as the independent auditor for the fiscal year 2021 was ratified with 99.84% support. A total of 19,197,507 shares were voted out of 22,587,996 eligible shares. The company operates 16 utilities mainly around Phoenix and is noted for its Total Water Management approach, recycling nearly 1 billion gallons of water annually.

Global Water Resources (GWRS) reported a 12.5% revenue increase to $9.3 million for Q1 2021, driven by organic growth in service connections and rate increases. Active service connections rose by 8.5% to 50,162. The company declared monthly dividends amounting to $0.29208 annually. However, operating expenses surged by 27.7% to $8.2 million, leading to a net loss of $0.2 million. Cash reserves stood at $18.2 million, with a strong balance sheet supporting future growth initiatives, including acquisitions and infrastructure investments.

Global Water Resources, Inc. (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02434 per common share, totaling $0.29208 annually. The dividend will be payable on May 28, 2021 to shareholders of record on May 14, 2021. The company operates 16 utilities in the Phoenix area, focusing on water resource management, including recycling nearly 1 billion gallons of water annually. Recognized for its Total Water Management approach, Global Water aims to maximize recycled water use while supporting conservation efforts.

Global Water Resources (NASDAQ: GWRS) will hold a conference call on May 6, 2021, at 1:00 p.m. Eastern time to discuss Q1 2021 results. The financial results will be released prior to the call. The conference will be accessible via a toll-free number and a webcast, with a replay available post-call until May 20, 2021. The company operates 16 utilities in the Phoenix area, focusing on sustainable water management. Global Water recycles nearly 1 billion gallons of water annually and employs Total Water Management strategies to optimize resource use.

Global Water Resources, Inc. (NASDAQ: GWRS) has promoted Steven Brill to vice president of IT Operations and Security to enhance its IT management amid growth initiatives. Previously the director of IT Operations, Brill's promotion aligns with the company's strategic goals in technology and security. His responsibilities include overseeing integrated systems, implementing cost control processes, and advancing IT security for utility operations. The company emphasizes its commitment to innovation and expanding its portfolio of water utilities in Arizona, positioning itself for future growth.

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per share, representing an annualized total of $0.29208. This dividend will be payable on April 30, 2021, to shareholders who are on record by the close of business on April 16, 2021.

The company, specializing in water resource management, operates 16 utilities and recycles nearly 1 billion gallons of water each year, primarily around metropolitan Phoenix.

Global Water Resources (NASDAQ: GWRS) has been invited to present at the 33rd Annual ROTH Growth Conference from March 15-17, 2021. The event will host over 550 companies and 5,000 attendees, including institutional investors. Global Water plans to discuss its 2020 financial results, reporting an 8.9% revenue increase to $38.6 million, driven by more connections and higher water rates. The company aims to enhance its utilities through ongoing acquisitions in the next year, focusing on improving and automating water services.

Global Water Resources (NASDAQ: GWRS) reported a 8.9% revenue increase to $38.6 million for 2020, driven by organic growth and increased consumption. Cash reserves rose from $7.5 million to $18 million, aided by an equity offering. The company acquired four water utilities in Arizona, expanding its service area, and secured a $10 million credit line for growth. The dividend increased to $0.29208 annually. However, net income fell to $1.1 million ($0.05 per share) from $2.2 million ($0.10 per share) the previous year. Adjusted EBITDA grew by 10.1% to $18 million.

Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per share, totaling an annualized amount of $0.29208. This dividend will be payable on March 31, 2021 to stockholders on record as of March 17, 2021. The company, focused on water resource management, operates 16 utilities mainly in metropolitan Phoenix and recycles nearly 1 billion gallons of water annually. Global Water employs Total Water Management, optimizing the entire water cycle, which supports sustainability in growing regions.