Global Water Resources to Present at the ROTH Deer Valley Event on December 15, 2022

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) has been invited to present at the ROTH 11th Annual Deer Valley Event in Park City, UT, from December 14-17, 2022. CEO Ron Fleming and CFO Mike Liebman will hold one-on-one meetings with investors on December 15. They will discuss a reported 8.9% growth in regulated revenues to $33.6 million and a net income of $4.7 million ($0.20/share) for the first nine months of 2022. Additionally, they will address the recent rate increase approval expected to generate over $2.2 million annually and developments related to the Inland Port Arizona project.

PHOENIX, Dec. 08, 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 ROTH 11^th Annual Deer Valley Event being held at the Montage Deer Valley in Park City, UT on December 14-17.

Global Water Resources CEO, Ron Fleming, and the company’s SVP and CFO, Mike Liebman, are scheduled to participate in one-on-one meetings with institutional analysts and investors on December 15.

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 add 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 ROTH 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 the focus of Global Water Resources at the ROTH 11th Annual Deer Valley Event?

Global Water Resources will focus on its growth in regulated revenues and discuss recent developments in water management at the ROTH 11th Annual Deer Valley Event.

When is Global Water Resources presenting at the ROTH event?

Global Water Resources will present at the ROTH 11th Annual Deer Valley Event from December 14-17, 2022.

What financial performance did Global Water Resources report for the first nine months of 2022?

For the first nine months of 2022, Global Water Resources reported regulated revenues of $33.6 million and a net income of $4.7 million, or $0.20 per share.

How much additional revenue is expected from the recent rate increase approval?

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

What recent development is Global Water Resources involved in regarding Inland Port Arizona?

Global Water Resources is collaborating with Procter & Gamble to provide water and wastewater services at the Inland Port Arizona mega-site.