STOCK TITAN

Global Water Resources to Present at the Bank of America 2022 Water Conference on December 6, 2022

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
conferences
Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) is set to present at the Bank of America 2022 Water Conference on December 6, 2022. CEO Ron Fleming will engage in one-on-one meetings with institutional investors and analysts alongside CFO Mike Liebman and Chief Strategy Officer Chris Krygier. The company reported an 8.9% increase in regulated revenues, totaling $33.6 million, and net income of $4.7 million or $0.20 per share for the first nine months of 2022. A recent regulatory rate increase is projected to add over $2.2 million in annual revenue.

Positive
  • None.
Negative
  • None.

PHOENIX, Nov. 29, 2022 (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 2022 Water Conference being held virtually on December 6, 2022.

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 and acquisitive growth helped drive regulated revenues up 8.9% to $33.6 million and net income to $4.7 million or $0.20 per share in the first nine months of 2022. They will also review the company’s recent regulatory rate increase approval that is expected to added over $2.2 million in revenue on an annualized basis.

They will also talk about recent developments at the Inland Port Arizona mega-site where Global Water will be working with Procter & Gamble to provide water, wastewater and recycled water services to P&G’s new manufacturing facility.

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 25 systems 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 over 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 that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables 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.

Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF).

To learn more, visit www.gwresources.com.

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

Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact

Media & ESG Contact:
Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email contact


FAQ

What is Global Water Resources' revenue increase for 2022?

Global Water Resources reported an 8.9% increase in regulated revenues, amounting to $33.6 million for the first nine months of 2022.

When will Global Water Resources present at the Bank of America Water Conference?

Global Water Resources is scheduled to present at the Bank of America 2022 Water Conference on December 6, 2022.

What is the expected impact of the regulatory rate increase on Global Water Resources?

The recent regulatory rate increase is expected to add over $2.2 million in annual revenue for Global Water Resources.

Who will represent Global Water Resources at the Bank of America Water Conference?

CEO Ron Fleming, CFO Mike Liebman, and Chief Strategy Officer Chris Krygier will represent Global Water Resources at the conference.

What are the key financial figures for Global Water Resources in 2022?

For the first nine months of 2022, Global Water Resources reported net income of $4.7 million or $0.20 per share.

Global Water Resources, Inc.

NASDAQ:GWRS

GWRS Rankings

GWRS Latest News

GWRS Stock Data

285.56M
11.44M
52.43%
30.8%
0.38%
Utilities - Regulated Water
Water Supply
Link
United States of America
PHOENIX