Global Water Stock Price, News & Analysis

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a conference call scheduled for May 3, 2023, at 1:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023. Investors can join via a toll-free number or an international dial-in number, with a replay available until May 17, 2023. Global Water operates 29 systems that provide essential water and wastewater services, recycling over 1 billion gallons of water annually. Recognized as a 'Utility of the Future Today', the company emphasizes an integrated approach called Total Water Management (TWM) to enhance water conservation and manage resources effectively in population-growth areas around Phoenix. The company's initiatives have garnered several industry awards, reflecting its commitment to advanced water management practices.

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02483 per common share, totaling an annualized amount of $0.29791 per share. This dividend is payable on April 28, 2023, to shareholders on record as of April 14, 2023. The company operates 29 water, wastewater, and recycled water systems primarily in metropolitan Phoenix, recycling over 1 billion gallons of water annually. It has received accolades for its Total Water Management approach, which integrates various utilities to enhance water conservation, particularly in growing, water-scarce areas.

Global Water Resources, Inc. (NASDAQ: GWRS) reported strong financial results for Q4 and the full year of 2022. Q4 revenues rose 7.7% to $11.1 million, while full-year revenues increased 8.6% to $44.7 million. Net income for Q4 surged 138% to $824,000 and for the full year by 53% to $5.5 million. The company’s active service connections grew 4.4% to 56,270, driven by organic growth and acquisitions. Significant operational achievements include a $8.7 million capital investment and the closing of the Farmers Water acquisition, adding 3,300 connections. Global Water continues to focus on utility consolidation and sustainable service improvements.

Global Water Resources, Inc. (NASDAQ: GWRS) will present at the 35th Annual ROTH Conference in Dana Point, California, from March 12-14, 2023. The event will feature on-demand presentations, in-person meetings, and thematic panels. CFO Mike Liebman and COO Chris Krygier will meet with analysts and investors to discuss the company’s leadership in utility consolidation, automation, and water resource management, along with its active M&A program in major metro areas around Phoenix and Tucson, Arizona. Global Water is noted for its innovative Total Water Management practices, recycling over 1 billion gallons of water annually, and has received multiple industry awards for its water reuse initiatives.

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02483 per share, amounting to an annualized total of $0.29791. The dividend will be payable on March 31, 2023, to shareholders on record as of March 17, 2023. The company operates 29 systems providing water, wastewater, and recycled water services in metropolitan Phoenix, recycling over 1 billion gallons of water annually. Notably, Global Water is recognized for its Total Water Management approach and has received several awards for its water reuse practices and public asset management strategies.

Global Water Resources, Inc. (NASDAQ: GWRS) announced a conference call scheduled for March 9, 2023, at 1:00 p.m. Eastern time to discuss its financial results for Q4 and the full year ending December 31, 2022. The financial results will be shared in a press release prior to the call. The call will include a presentation by management, followed by a Q&A session. Global Water operates 29 systems providing water and wastewater services, recycling over 1 billion gallons of water annually. The company is recognized for its innovative Total Water Management approach, leading to effective water conservation practices in growing urban areas.

Global Water Resources, Inc. (NASDAQ: GWRS) has submitted a request for voluntary delisting of its shares from the Toronto Stock Exchange (TSX), expected to take effect on February 24, 2023. This decision follows an internal review highlighting financial and administrative burdens, as well as low trading volumes on the TSX. The company will continue trading on NASDAQ. Global Water also plans to cease reporting as a Canadian issuer post-delisting. The firm manages 29 systems providing water services, emphasizing Total Water Management—an integrated approach to maximizing recycled water use.

Global Water Resources (NASDAQ: GWRS) has appointed Chris Krygier as Chief Operations Officer, previously serving as Chief Strategy Officer since June 2020. In his new role, Krygier will oversee regulated water and wastewater operations in Arizona, focusing on business development and regulatory affairs. He has a track record of successful acquisitions, including the recent addition of Farmers Water, boosting 3,300 service connections. With over 15 years of industry experience and a strategic vision for consolidation and utility solutions, Krygier is expected to drive growth in the company's expanding market.

Global Water Resources (NASDAQ: GWRS) has completed the acquisition of Farmers Water Co., enhancing its services in Pima County, Arizona. This acquisition adds approximately 3,300 active water service connections and covers 21.5 square miles, boosting Global Water's total connections in the region to nearly 5,000. The company plans to implement advanced metering technology and improved cybersecurity measures for Farmers Water, aiming for operational efficiency and customer service enhancement. This strategic move supports the expected population growth in the Arizona Sun Corridor, positioning Global Water for future growth.