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 operates as a vertically integrated water and wastewater service provider with related land development and single-family rental businesses. Company updates commonly cover its wholesale water and wastewater systems, the Sky Ranch master planned community, finished-lot deliveries to national homebuilders, and rental homes located at Sky Ranch.
Recurring Pure Cycle news also includes operating and financial results, earnings presentation schedules, regional water system expansion, oil and gas mineral-interest royalty activity, and governance developments such as board composition, shareholder agreements, and capital allocation oversight.
Pure Cycle Corporation (NASDAQ:PCYO) reported net income exceeding $18.0 million for the nine months ended May 31, 2021, from $12.3 million in revenue and over $20.0 million in Other Income. The Sky Ranch development is nearly sold out, with 446 lots sold, generating $13.3 million in tap fees. The company expects to deliver lots for model homes by late 2021, despite COVID-related delays. Current working capital stands at $16.5 million with cash reserves of $19.8 million.
Pure Cycle Corporation (NASDAQ:PCYO) will release its financial results for the three and nine months ended May 31, 2021, on July 6, 2021. A conference call will be held the same day at 4:30 PM Eastern to discuss these results. Participants can join using 877-407-8033 (U.S.) or 201-689-8033 (international). A detailed slide presentation will be available on their website. Established as a diversified water service provider, Pure Cycle also develops master planned communities.
Pure Cycle Corporation (NASDAQ:PCYO) announced an Investor Day on July 15, 2021, from 10:00 am to 2:00 pm MST in Sky Ranch. CEO Mark Harding and CFO Kevin McNeill will present the company's current state, long-term growth strategies, and progress in development. Attendees will have the opportunity to tour Sky Ranch, focusing on Phase 2 of development and the water reclamation facility. Registration is required via the company's investor page.
Pure Cycle Corporation (NASDAQ:PCYO) announced that President and CEO Mark W. Harding will present at the Sidoti & Company Virtual Investor Conference on June 23-24, 2021. The presentation will include a thirty-minute overview of the company, followed by breakout sessions. This conference will host over 100 presenters and 650 investor groups, facilitating numerous interactions. Presentation materials will be available on the company's website post-conference. Pure Cycle is a diversified land and water resource development company focusing on wholesale water and wastewater services.
Pure Cycle Corporation (NASDAQ:PCYO) has launched its newly redesigned website, www.purecyclewater.com, aimed at enhancing user experience. The site offers comprehensive information on the company's water and land development sectors, current projects, financial data, and corporate milestones. President Mark Harding emphasized the website's role in providing timely updates for customers and shareholders. Notably, the announcement clarifies that there is no affiliation with a similarly named company, PureCycle Technologies (NASDAQ:PCT), which can cause confusion among investors.
Pure Cycle Corporation (PCYO) reported strong financial results for the second quarter ended February 28, 2021, with revenues of $4.7 million, a 35% increase year-over-year. The company achieved a net income of $17.4 million, driven by successful land development at Sky Ranch, where 76% of lots have purchased water taps, totaling $11.5 million in fees. The initial development phase is nearly sold out, with the second phase underway. Pure Cycle announced the launch of a build-to-rent segment, aiming to enhance recurring revenues.
Pure Cycle Corporation (NASDAQ:PCYO) will release its financial results for the three and six months ended February 28, 2021, on April 13, 2021. A conference call is scheduled for the same day at 4:30 PM Eastern to discuss these results and address questions from analysts and investors. Participants can access the call via the provided numbers, and a detailed slide presentation will be available on the company’s website. Pure Cycle focuses on wholesale water and wastewater services and land development for master-planned communities.
Pure Cycle Corporation (NASDAQ:PCYO) announced that its President and CEO, Mark W. Harding, will present at the 2021 Lytham Partners Investor Conference on March 30-31, 2021. The presentation will include a 30-minute overview of the company, followed by smaller group breakouts. The presentation materials will be accessible on Pure Cycle's website after the conference. As a leader in water and wastewater services, Pure Cycle is committed to innovative land and resource development.
Pure Cycle Corporation (NASDAQ: PCYO) is entering the Build-to-Rent (BTR) market with initial homes at the Sky Ranch Master Planned Community. The company aims to leverage its land and water assets to boost shareholder returns, predicting $33,000 in annual rental revenue per home. Their construction of three detached homes is underway, expected to be available by fall 2021. Phase two of Sky Ranch development could see over 100 homes built, with construction financed through favorable capital rates. This expansion is anticipated to enhance balance sheets and earnings per share.
Pure Cycle Corporation (NASDAQ:PCYO) will have its President and CEO, Mark W. Harding, present at the Sidoti & Company Virtual Investor Conference on March 24-25, 2021. Harding's presentation will include a comprehensive overview of the company, followed by interactive breakout sessions with smaller groups. This event aims to connect over 100 presenters with 650 investor groups, facilitating valuable interactions. Presentation materials will be accessible on the Pure Cycle website after the conference.