Sjw Group Stock Price, News & Analysis

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.

SJW Group (NYSE: SJW) announced the appointment of Mohammed G. (Rally) Zerhouni as the new senior vice president of finance and principal accounting officer, effective January 30. Zerhouni succeeds Wendy Avila-Walker, who is retiring after over 17 years. Previously, Zerhouni served as CFO of Veolia North America and brings extensive experience in utility finance and accounting. SJW Group's CEO, Eric W. Thornburg, expressed confidence in Zerhouni's capabilities, highlighting his alignment with the company's values of teamwork and transparency. SJW serves approximately 1.5 million customers across water-related utilities.