Global Water Resources to Present at the Bank of America 2021 Water Conference on December 6, 2021

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) will present at the Bank of America 2021 Water Conference on December 6, 2021. CEO Ron Fleming, along with CFO Mike Liebman and Chief Strategy Officer Chris Krygier, will participate in one-on-one meetings with analysts and investors.

They will discuss a 9.5% revenue increase to $31.6 million for the first nine months of 2021, fueled by organic growth and rate hikes. The company also maintains a monthly dividend of approximately $0.29 per share and recently completed an acquisition of 1,100 active water service connections in Arizona.

PHOENIX, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has been invited to present at the Bank of America 2021 Water Conference being held virtually on December 6, 2021.  

Global Water Resources CEO, Ron Fleming, is scheduled to participate in one-on-one meetings with institutional analysts and investors held throughout the day. He will be joined by the company’s SVP and CFO, Mike Liebman, and chief strategy officer, Chris Krygier.

Management will discuss how organic growth and higher rates drove its first nine months of 2021 revenues up 9.5% to $31.6 million. The company also continued to pay its monthly dividend at an annualized rate of approximately $0.29 per share.

They will also discuss the company’s growing portfolio of water utility companies, including its recently completed acquisition of 1,100 active water service connections in Arizona, and additional opportunities for acquisitions in the highly-fragmented water utility industry in Arizona.

To schedule a one-on-one meeting with management, please contact your Bank of America representative. For any questions about the company, contact Ron Both of CMA at (949) 432-7557 or submit your request here.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 17 utilities which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually.

The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater, and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com.

Company Contact:
Michael J. Liebman
SVP and CFO
Tel (480) 999-5104
mike.liebman@gwresources.com

Investor Relations:
Ron Both or Justin Lumley
CMA Investor Relations
Tel (949) 432-7566
GWRS@cma.team

FAQ

What will Global Water Resources discuss at the Bank of America 2021 Water Conference?

Global Water Resources will discuss a 9.5% revenue increase and their recent acquisition of 1,100 water service connections in Arizona at the Bank of America 2021 Water Conference.

When is Global Water Resources presenting at the Water Conference?

Global Water Resources is scheduled to present at the Bank of America 2021 Water Conference on December 6, 2021.

What was Global Water Resources' revenue for the first nine months of 2021?

Global Water Resources reported revenues of $31.6 million for the first nine months of 2021, representing a 9.5% increase.

What is the current dividend rate for Global Water Resources?

Global Water Resources currently pays a monthly dividend at an annualized rate of approximately $0.29 per share.

What recent acquisition did Global Water Resources complete?

Global Water Resources recently completed the acquisition of 1,100 active water service connections in Arizona.