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 (NASDAQ: PCYO) is a utilities company active in water and wastewater services, land development, and single-family rentals centered on its Sky Ranch master planned community. The PCYO news feed on Stock Titan aggregates the company’s press releases and third-party coverage so readers can follow its operational and financial updates in one place.
News about Pure Cycle frequently highlights progress at Sky Ranch, including the status of multiple development phases and subphases, lot deliveries to national homebuilder partners, and expansion of its single-family rental portfolio. Earnings releases detail revenue and net income by segment, water and wastewater tap sales, and oil and gas royalty income from mineral interests at Sky Ranch.
Investors and analysts tracking PCYO can use this page to monitor quarterly and annual financial results, earnings presentation announcements, and investor events such as conference appearances and Investor Day presentations. Governance developments, such as changes to the Board of Directors or the formation of board committees, are also announced through company news and associated Form 8-K filings.
Because Pure Cycle’s business spans regulated water and wastewater services, real estate development, and rental housing, its news flow covers topics ranging from utility operations to land development milestones and rental housing expansion. Bookmark this page to follow new press releases, segment performance discussions, and other updates that shape the investment narrative for Pure Cycle Corporation.
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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