Welcome to our dedicated page for Pure Cycle news (Ticker: PCYO), a resource for investors and traders seeking the latest updates and insights on Pure Cycle stock.
Pure Cycle Corporation (PCYO) delivers essential water infrastructure services and land development solutions through its vertically integrated model. This news hub provides investors and stakeholders with timely updates on the company's dual focus areas: managing critical water resources and developing master-planned communities.
Track official announcements covering PCYO's water system operations, wastewater management projects, land entitlement progress, and community development milestones. Our curated collection includes earnings reports, regulatory filings, partnership disclosures, and strategic initiative updates.
Key areas of coverage include water infrastructure expansions, land parcel sales, single-family rental developments, and resource management innovations. Stay informed about operational developments that impact both utility service reliability and land asset valuations.
Bookmark this page for direct access to Pure Cycle's latest press releases and verified news articles. Monitor how PCYO's integrated approach to water resources and land development creates unique market opportunities across multiple sectors.
Pure Cycle (NASDAQ: PCYO) announced that Sky Ranch Metropolitan District No. 1, part of the Sky Ranch Community Authority Board (CAB), received an investment grade 'BBB' rating from S&P Global Ratings for refinancing its 2019 Bonds. This rating reflects the district's mature status, quality financial controls, and stable financial outlook. The Sky Ranch Master Planned Community, developed by Pure Cycle, has completed Phase 1 with 509 homes across 151 acres.
CEO Mark Harding stated that this rating will lower borrowing costs and provide additional funds to repay Pure Cycle's advances for public improvements. The transaction is expected to close in November, potentially yielding $10 million to pay down the Sky Ranch CAB Note Receivable. Pure Cycle operates in three business segments: wholesale water and wastewater services, land development, and single-family home rentals at Sky Ranch.
Pure Cycle (NASDAQ: PCYO) is hosting its annual Investor Day on July 17, 2024, at Sky Ranch, the company's master-planned community. The event will run from 10:00 a.m. to 1:00 p.m. MST, featuring an in-person tour of Sky Ranch and the company's water assets. Attendees will gain insights into Denver's housing market, Pure Cycle's long-term growth strategies, and progress at Sky Ranch.
The tour will focus on Phase 2 of the development, single-family rental units, and the water reclamation facility. A Q&A session will be available for remote participation at 12:00 PM MST. Advanced registration is required for in-person attendance, while virtual attendees can register online for the Q&A session.
Pure Cycle operates in three business segments: wholesale water and wastewater services, land development, and single-family home rentals at Sky Ranch.
Pure Cycle announced its financial results for the three and nine months ended May 31, 2024, highlighting a 52% increase in lot sales revenue for Q3 and a 56% increase for the nine months compared to 2023. Revenues for Q3 and YTD 2024 were $7.6 million and $16.2 million, respectively, driving pre-tax income of $3.9 million and $6.8 million. Net income for Q3 and YTD stood at $2.8 million and $5.0 million, respectively, while EBITDA reached $4.5 million for Q3 and $8.7 million YTD.
Pure Cycle's development of the Sky Ranch Master Planned Community is progressing, with Phase 2A, 2B, and 2C actively underway. Phase 2B will soon be ready for builders, with construction to continue into Phase 2C. The company maintained a positive net income for the twentieth consecutive fiscal quarter and holds cash and cash equivalents totaling $20.4 million.
Pure Cycle (NASDAQ:PCYO) will release its financial results for the three and nine months ended May 31, 2024, on July 10, 2024. The company will also hold an earnings call the following day, July 11, at 8:30 AM Eastern Time to discuss the results. Interested participants can join the call via phone or an online event link. Replay options are available until July 25, 2024.
Pure Cycle, an innovative water and wastewater service provider, operates in three business segments: water and wastewater services, land development, and rental of single-family homes. The company aims to enhance its operations, strengthen its balance sheet, and drive recurring revenues.
Pure Cycle (NASDAQ: PCYO) will host its annual Investor Day on July 17, 2024, from 10:00 a.m. to 2:00 p.m. MST at Sky Ranch. The event will include in-depth presentations by CEO Mark Harding and senior management, focusing on growth strategies and updates on Sky Ranch's Phase 2 development, single-family rental units, and a water reclamation facility tour. Those unable to attend in person can join a Q&A session via Teams at 1 p.m. MST. Pure Cycle continues to expand its operations and revenue through its water services, land development, and single-family rental units businesses.
Pure Cycle (NASDAQ: PCYO) announced the addition of Susan Heitmann to its Board of Directors.
Ms. Heitmann brings over 30 years of accounting and finance experience, having served as a partner at KPMG before her retirement.
She will also chair the Audit Committee, becoming the second female board member. The company thanked Peter Howell for his nearly 20 years of service as he steps down to spend more time with his family.
CEO Mark Harding highlighted Ms. Heitmann's expertise in SEC registrants, corporate governance, and complex commercial agreements as invaluable for Pure Cycle.
Pure Cycle operates in three business segments: wholesale water and wastewater services, land development, and rental of single-family homes, aiming to drive recurring revenues and grow its balance sheet.
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