Welcome to our dedicated page for Sjw Group news (Ticker: SJW), a resource for investors and traders seeking the latest updates and insights on Sjw Group stock.
SJW Group, now H2O America, reports developments tied to its role as a national investor-owned water and wastewater utility. Company news commonly covers regulated water operations, rate structures, infrastructure investment, customer assistance programs, dividends, and financial results across local utility subsidiaries such as San Jose Water, Connecticut Water, and Maine Water.
Updates also include public-utility regulatory decisions, leadership and finance appointments, operational efficiency initiatives, and the completed corporate rebrand from SJW Group to H2O America with a new Nasdaq ticker. Subsidiary news highlights drinking-water collection, treatment, and distribution systems serving homes, businesses, and fire-protection customers in regulated service territories.
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SJW Group (NYSE: SJW) will release its Q1 2023 financial results on May 1, 2023, at 9:00 a.m. ET. A webcast will follow at 11:00 a.m. PT (2:00 p.m. ET) featuring CEO Eric W. Thornburg and CFO Andrew F. Walters discussing the results. An accompanying slide presentation will be available on SJW’s investor website. The webcast will remain accessible until July 24, 2023. SJW Group serves approximately 1.5 million people across the U.S. with essential water services.
This upcoming announcement is significant as it marks the company’s first quarter performance review for the year, providing investors insights into financial health and operational efficiency.
SJW Group (NYSE: SJW) has appointed Thomas A. Hodge as the new Vice President of Business Development and President of Texas Water Operation Services, LLC, effective April 1. Hodge, who joined SJW in 2002, previously led The Texas Water Company, quadrupling service connections since 2007. Under his leadership, SJW achieved over 60% customer growth and nearly doubled its utility plant in five years. The company is seeking a successor for Hodge's previous role at TWC, ensuring a smooth transition for ongoing operations.
SJW Group reported a net income of $73.8 million for 2022, equating to a diluted EPS of $2.43, a 20% increase from $2.03 in 2021. The company attributed its growth to substantial rate increases and a robust capital spending plan, including a $60 million investment in a new water treatment facility. SJW's operating revenue rose to $620.7 million, boosted by $350 million in planned capital investments over three years. Additionally, SJW provided 2023 guidance of net income per diluted share between $2.40 to $2.50 with anticipated long-term EPS growth of 5% to 7%.
SJW Group (NYSE: SJW) will announce its 2022 full-year and fourth quarter financial results after market close on February 22, 2023. A webcast presentation reviewing the results will take place on February 23, 2023, at 11:00 a.m. PT / 2:00 p.m. ET. Interested parties can access the webcast at www.sjwgroup.com, with an archive available until April 24, 2023. SJW Group serves nearly 1.5 million customers across the U.S., focusing on high-quality water and wastewater services.