Welcome to our dedicated page for Global Water news (Ticker: GWRS), a resource for investors and traders seeking the latest updates and insights on Global Water stock.
Global Water Resources, Inc. (GWRS) is a leading water resource management company that owns, operates, and manages water, wastewater, and recycled water utilities in strategically located communities, primarily in metropolitan Phoenix, Arizona. The company employs an integrated approach known as Total Water Management (TWM) to optimize the entire water cycle, aiming to conserve water and maximize its economic and social value. By owning and operating water, wastewater, and recycled water utilities within the same geographic areas, Global Water promotes sustainable communities and effective water use.
Global Water has been recognized for its successful implementation of TWM, receiving numerous industry awards, including the prestigious 'Utility of the Future Today' by the Water Environment Federation (WEF). The company's innovative practices also earned it the Cityworks’ 2022 Excellence in Departmental Practice Award.
In recent years, the company has expanded its portfolio through strategic acquisitions and the development of smart water management programs. One significant acquisition was Farmers Water, completed in February 2023, marking GWRS's largest acquisition since going public on Nasdaq in 2016. The company continuously invests in advanced technologies, such as remote metering infrastructure and new rate designs, which contribute to real water conservation.
Global Water recycles over 1 billion gallons of water annually and has recycled more than 16.7 billion gallons since 2004. The company’s ‘purple pipe’ program, which uses recycled wastewater for public areas, exemplifies its commitment to preserving drinking water resources.
Financially, GWRS has shown steady growth. For Q3 2023, the company reported a 22.2% increase in revenues compared to the same quarter the previous year, driven by organic growth and increased rates. The company's adjusted EBITDA also saw a notable increase, reflecting its strong operational performance.
Global Water Resources is poised for continued growth, supported by Arizona’s positive population and economic trends. The company's strategic focus on expanding service connections, improving operational efficiencies, and pursuing accretive acquisitions ensures it remains a vital player in providing essential water services to the growing communities in and around metropolitan Phoenix and Tucson.
For further information, visit www.gwresources.com or contact:
- Michael Liebman, CFO and SVP, at (480) 999-5104 or mike.liebman@gwresources.com
- Ron Both or Grant Stude at CMA, Tel (949) 432-7566
- Tim Randall at CMA, Tel (949) 432-7572
Join Global Water at the upcoming Nasdaq Closing Bell Ceremony on November 9, 2023, as they celebrate 20 years of water stewardship and sustainability.
Global Water Resources, Inc. (NASDAQ: GWRS) will hold a conference call on August 6, 2021, at 1:00 p.m. Eastern time to discuss its second-quarter financial results for the period ending June 30, 2021. The company operates 16 utilities providing water, wastewater, and recycled water services, primarily around metropolitan Phoenix. Global Water is recognized for its Total Water Management approach, recycling nearly 1 billion gallons of water annually. The conference call includes a presentation and Q&A session, available via telephone and online.
Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per common share, totaling $0.29208 annually. This dividend will be payable on July 30, 2021, to shareholders of record by the close of business on July 16, 2021. The company, operating 16 utilities predominantly in the Phoenix area, emphasizes Total Water Management to enhance water conservation and utilization, recycling nearly 1 billion gallons of water annually.
Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02434 per common share, totaling $0.29208 annually. This dividend is payable on June 30, 2021 to shareholders recorded by June 16, 2021. The company operates 16 utilities in metropolitan Phoenix, providing water, wastewater, and recycled water services, recycling nearly 1 billion gallons of water annually. Global Water is recognized for its Total Water Management (TWM) approach, promoting smart water management and conservation in water-scarce areas.
Global Water Resources Inc. (NASDAQ: GWRS) announced the election results for its 2021 Annual Meeting of Stockholders. All nominated Directors were elected, with Ron L. Fleming receiving 95.29% of votes cast. The appointment of Deloitte & Touche LLP as the independent auditor for the fiscal year 2021 was ratified with 99.84% support. A total of 19,197,507 shares were voted out of 22,587,996 eligible shares. The company operates 16 utilities mainly around Phoenix and is noted for its Total Water Management approach, recycling nearly 1 billion gallons of water annually.
Global Water Resources (GWRS) reported a 12.5% revenue increase to $9.3 million for Q1 2021, driven by organic growth in service connections and rate increases. Active service connections rose by 8.5% to 50,162. The company declared monthly dividends amounting to $0.29208 annually. However, operating expenses surged by 27.7% to $8.2 million, leading to a net loss of $0.2 million. Cash reserves stood at $18.2 million, with a strong balance sheet supporting future growth initiatives, including acquisitions and infrastructure investments.
Global Water Resources, Inc. (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02434 per common share, totaling $0.29208 annually. The dividend will be payable on May 28, 2021 to shareholders of record on May 14, 2021. The company operates 16 utilities in the Phoenix area, focusing on water resource management, including recycling nearly 1 billion gallons of water annually. Recognized for its Total Water Management approach, Global Water aims to maximize recycled water use while supporting conservation efforts.
Global Water Resources (NASDAQ: GWRS) will hold a conference call on May 6, 2021, at 1:00 p.m. Eastern time to discuss Q1 2021 results. The financial results will be released prior to the call. The conference will be accessible via a toll-free number and a webcast, with a replay available post-call until May 20, 2021. The company operates 16 utilities in the Phoenix area, focusing on sustainable water management. Global Water recycles nearly 1 billion gallons of water annually and employs Total Water Management strategies to optimize resource use.
Global Water Resources, Inc. (NASDAQ: GWRS) has promoted Steven Brill to vice president of IT Operations and Security to enhance its IT management amid growth initiatives. Previously the director of IT Operations, Brill's promotion aligns with the company's strategic goals in technology and security. His responsibilities include overseeing integrated systems, implementing cost control processes, and advancing IT security for utility operations. The company emphasizes its commitment to innovation and expanding its portfolio of water utilities in Arizona, positioning itself for future growth.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per share, representing an annualized total of $0.29208. This dividend will be payable on April 30, 2021, to shareholders who are on record by the close of business on April 16, 2021.
The company, specializing in water resource management, operates 16 utilities and recycles nearly 1 billion gallons of water each year, primarily around metropolitan Phoenix.
Global Water Resources (NASDAQ: GWRS) has been invited to present at the 33rd Annual ROTH Growth Conference from March 15-17, 2021. The event will host over 550 companies and 5,000 attendees, including institutional investors. Global Water plans to discuss its 2020 financial results, reporting an 8.9% revenue increase to $38.6 million, driven by more connections and higher water rates. The company aims to enhance its utilities through ongoing acquisitions in the next year, focusing on improving and automating water services.
FAQ
What is the current stock price of Global Water (GWRS)?
What is the market cap of Global Water (GWRS)?
What is Total Water Management (TWM)?
Where does Global Water Resources operate?
What recent acquisitions has Global Water Resources made?
How much water does Global Water Resources recycle annually?
What awards has Global Water Resources received for its practices?
How can I contact Global Water Resources?
How has Global Water Resources performed financially?
What is the future growth strategy of Global Water Resources?
What is the ‘purple pipe’ program?
What is the significance of the Nasdaq Closing Bell Ceremony for Global Water Resources?
