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Pure Cycle Corp. - PCYO STOCK NEWS

Welcome to our dedicated news page for Pure Cycle (Ticker: PCYO), a resource for investors and traders seeking the latest updates and insights on Pure Cycle.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pure Cycle's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pure Cycle's position in the market.

Rhea-AI Summary
Pure Cycle (PCYO) disclosed robust financial results for Q2 and YTD 2024, showcasing positive net income and revenue growth. The company reported $3.2 million and $8.6 million in revenues for the respective periods, driving pre-tax income of $0.2 million and $3.0 million. Notably, there was a 25% increase in water and wastewater revenue for Q2 2024 and a 127% surge for YTD 2024 compared to 2023. Pure Cycle's EBITDA for the periods stood at $0.8 million and $4.2 million. The company's cash position was strong at $20.4 million as of February 29, 2024. Pure Cycle's Sky Ranch Master Planned Community development is progressing well, with multiple phases under construction, indicating a positive outlook for continued growth.
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End-of-Day
1.79%
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Rhea-AI Summary
Pure Cycle (PCYO) is set to release its financial results for Q2-2024 on April 10, 2024, followed by an earnings call on April 11, 2024. The company operates in three business segments and continues to focus on growth, balance sheet strength, and recurring revenues.
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End-of-Day
-0.11%
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Rhea-AI Summary
Pure Cycle Corporation (PCYO) canceled its investor event due to weather conditions. The CEO, Mark Harding, apologized for the inconvenience caused and encouraged investors to sign up for news alerts. The company focuses on water and wastewater services, land development, and single-family home rentals for recurring revenues.
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-2.62%
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Rhea-AI Summary
Pure Cycle Corporation (PCYO) announces an investor meeting hosted by the President and CEO to discuss the company's success in water, land development, and single-family rental segments. The event will take place on March 15, 2024, in Chicago. Virtual attendance options are available via Teams meeting. Pure Cycle continues to grow its operations, balance sheet, and recurring revenues across its three business segments.
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-1.3%
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Rhea-AI Summary
Pure Cycle Corporation (PCYO) President and CEO will host an investor meeting to highlight the company's success in water, land development, and single-family rental segments. The housing market faces inventory undersupply due to mortgage rates and lot constraints. Pure Cycle's Sky Ranch Master Planned Community sees strong demand. The company continues to monetize its water and land assets.
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-2.09%
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Rhea-AI Summary
Pure Cycle Corporation (PCYO) announced its financial results for the three months ended November 30, 2023, revealing significant revenue growth and a substantial increase in net income. The company reported revenues of $5.4 million, driving pre-tax income of $2.8 million and net income of $2.1 million. Pure Cycle continues to develop its Sky Ranch Master Planned Community and recognized an increase in lot sale revenue of 270% compared to the same period in 2022. The company also saw over a 300% increase in water and wastewater revenue for the three months ended November 30, 2023, compared to 2022. Pure Cycle's diversified revenue streams and strong market demand position the company well for future growth.
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Pure Cycle Corporation (NASDAQ:PCYO) will release financial results for the three months ended November 30, 2023 on Friday, January 12, 2024, and hold a conference call on Tuesday, January 16, 2024, to discuss the results. Pure Cycle operates in three distinct business segments, including wholesale water and wastewater services, land development, and rental of single-family homes. The company aims to grow and strengthen its operations, balance sheet, and drive recurring revenues.
Rhea-AI Impact
Rhea-AI Sentiment
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-0.4%
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Rhea-AI Summary
Pure Cycle Corporation (NASDAQ:PCYO) reported a net income of $4.7 million for the fiscal year ended August 31, 2023, marking its sixth consecutive year and seventeenth consecutive fiscal quarter with positive net income. The company continues to develop its Sky Ranch Master Planned Community, delivering 738 finished lots to homebuilders and retaining 14 lots for its single-family rental segment. With nearly 600 new homes built and sold and 90 homes under construction, Pure Cycle also completed and leased 11 additional single-family homes during Fiscal Year 2023. The company's EBITDA for the year was $8.6 million, and it reported cash totaling $26.0 million. Despite the pressure of interest rates on the housing market, Pure Cycle's Sky Ranch community demonstrated solid growth with entry-level homes and affordable products, contributing to strong shareholder returns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.64%
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Rhea-AI Summary
Pure Cycle Corporation (NASDAQ:PCYO) announced a correction to the dates of their financial results and earnings call for year end 2023. The corrected dates are: financial results release on Wednesday, November 15, 2023, and earnings call on Thursday, November 16, 2023. The company continues to diversify its operations, grow its balance sheet, and drive recurring revenues through three distinct business segments. These segments include wholesale water and wastewater services, land development, and rental of single-family homes at Sky Ranch.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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Rhea-AI Summary
Pure Cycle Corporation (NASDAQ:PCYO) will release financial results for the year ended August 31, 2023 on Tuesday, November 15, 2023, and hold a conference call on Wednesday, November 16, 2023. The company continues to diversify its operations, grow its balance sheet, and drive recurring revenues in three distinct business segments. Details for the earnings call are provided, including call-in numbers, replay information, and event link.
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Rhea-AI Sentiment
End-of-Day
0.41%
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Pure Cycle Corp.

Nasdaq:PCYO

PCYO Rankings

PCYO Stock Data

232.70M
18.73M
3.73%
67.49%
0.99%
Water Supply and Irrigation Systems
Utilities
Link
United States
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About PCYO

pure cycle corporation (pcyo) is a vertically integrated wholesale water and wastewater service provider that contracts with landowners, land developers, home builders, cities and municipalities to design, construct, operate and maintain water and wastewater systems. additionally pure cycle owns and manages approximately 16,000 acres of irrigated farmland in the arkansas valley and approximately 930 acres of fully entitled master planned community development land along denver’s primary east/west transportation corridor interstate 70.