Global Water Stock Price, News & Analysis

Global Water Resources (GWRS) announced Q2 2020 results, reporting revenues of $9.9 million, up 8.4% year-over-year. Despite organic growth, the company faced a net loss of $0.1 million due to non-cash asset disposal and restricted stock expenses. Adjusted net income stood at $0.8 million, or $0.03 per share. Active connections rose by 4.2% to 46,573, and adjusted EBITDA increased to $4.8 million. The company secured a new $10 million credit line, declaring monthly dividends of $0.0241 per share. Future growth may be impacted by COVID-19-related challenges.

Global Water Resources, Inc. (NASDAQ: GWRS) has declared a monthly cash dividend of $0.0241 per common share, amounting to an annualized $0.2892 per share. This dividend will be payable on August 31, 2020, to shareholders of record as of August 17, 2020. The company, focused on water resource management, operates 12 utilities primarily around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually. Global Water is recognized for its Total Water Management approach, maximizing recycled water use and conserving resources in water-scarce regions.

Global Water Resources (GWRS) has joined the National Association of Water Companies (NAWC), enhancing its position in the water management sector. NAWC members invest over $3 billion annually in infrastructure improvements, serving more than 73 million Americans. Global Water aims to leverage its NAWC membership to advance environmental stewardship, enhance water quality, and pursue growth opportunities. The company has implemented Total Water Management, maximizing recycled water use in water-scarce areas. This strategic move could open new avenues for growth and innovation in water resource management.

Global Water Resources, Inc. (NASDAQ: GWRS) will host a conference call on August 6, 2020, at 1:00 p.m. ET to discuss its second-quarter financial results for the period ending June 30, 2020. The company operates 12 utilities providing water, wastewater, and recycled water services, primarily in the Phoenix area, recycling nearly 1 billion gallons of water annually. The call will feature a presentation by management followed by a Q&A session. Interested parties can join via dial-in or webcast, with a replay available until August 20, 2020.

Global Water Resources has declared a monthly cash dividend of $0.0241 per common share, annualizing to $0.2892 per share. The dividend is payable on July 31, 2020, to shareholders on record by July 17, 2020. The company operates 12 utilities providing water and wastewater services, primarily around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually. Global Water is recognized for its effective Total Water Management approach, which maximizes recycled water use and conserves water in growth-prone areas.

Global Water Resources has appointed Christopher D. Krygier as chief strategy officer, enhancing its leadership in water resource management. Krygier's 15 years of industry experience includes roles in operations management, regulatory strategy, and capital deployment. His expertise is expected to support Global Water's commitment to efficiency and conservation, while accelerating the growth of its Total Water Management platform. The company operates 12 utilities, primarily in Arizona, and is recognized for its effective recycling practices, managing nearly 1 billion gallons of water annually.

Global Water Resources, Inc. (NASDAQ: GWRS) announced a monthly cash dividend of $0.0241 per common share, equating to an annualized amount of $0.2892 per share. This dividend will be payable on June 30, 2020, to shareholders of record by the close of business on June 16, 2020. The company is recognized for its innovative approach to Total Water Management, effectively managing the water cycle and promoting sustainability in water-scarce areas. Global Water operates 12 utilities in the growing metropolitan Phoenix region and recycles nearly 1 billion gallons of water annually.

Global Water Resources (GWRS) held its 2020 Annual Meeting of Stockholders on May 7, 2020, where all directors listed in the Proxy Statement were elected. Out of 22,537,381 eligible shares, 16,897,826 were voted. The votes for the directors were notably strong, with Ron L. Fleming receiving 86.61% support. Additionally, the appointment of Deloitte & Touche LLP as the independent auditor for 2020 was ratified, garnering 99.44% approval. The Omnibus Incentive Plan was also approved with 85.83% in favor, indicating shareholder confidence amidst a focus on water resource management.