SJW Group Sets Date for Release of First Quarter 2022 Financial Results

Rhea-AI Summary

SJW Group (NYSE: SJW) will announce its first quarter 2022 financial results on April 27, 2022, after market close. A webcast presentation will follow on April 28, 2022, at 10 a.m. PT (1 p.m. ET), featuring CEO Eric Thornburg, CFO Andrew F. Walters, and CAO James P. Lynch. As a leading provider of water services to nearly 1.5 million people in the U.S., SJW Group is committed to sustainable operations and community engagement. Interested parties can view the webcast and presentation on their website, with an archive available until July 27, 2022.

Positive

• Company is among the largest investor-owned water utilities in the U.S.
• Serves nearly 1.5 million customers, indicating strong market presence.

Negative

• Upcoming earnings report may reflect seasonality effects, impacting quarterly results.
• Potential risks include regulatory changes and impacts from the COVID-19 pandemic on operations.

SAN JOSE, Calif.--(BUSINESS WIRE)-- SJW Group (NYSE: SJW) today announced that the company will release its first quarter 2022 financial results after the close of the market on Wednesday, April 27, 2022. Eric Thornburg, president, chief executive officer and board chair, James P. Lynch, chief accounting officer and Andrew F. Walters, chief financial officer, will review the results in a webcast presentation at 10 a.m. (PT), 1:00 p.m. (ET) on Thursday, April 28, 2022.

Interested parties may access the webcast and related presentation materials at the web site www.sjwgroup.com. An archive of the webcast will be available until July 27, 2022.

About SJW Group

SJW Group is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to nearly 1.5 million people. SJW Group’s locally led and operated water utilities — San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba Canyon Lake Water Service Company) in Texas — possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its shareholders. For more information about SJW Group, please visit www.sjwgroup.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “projects,” “strategy,” or “anticipates,” or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict.

These forward-looking statements involve a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the effect of water, utility, environmental and other governmental policies and regulations, including actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures and other decisions; (2) changes in demand for water and other services; (3) the impact of the Coronavirus (“COVID-19”) pandemic on our business operation and financial results; (4) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (5) climate change and the effects thereof; (6) unexpected costs, charges or expenses; (7) our ability to successfully evaluate investments in new business and growth initiatives; (8) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (9) the risk of work stoppages, strikes and other labor-related actions; (10) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (11) changes in general economic, political, business and financial market conditions; (12) the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions; and (13) legislative and general market and economic developments. The risks, uncertainties and other factors may cause the actual results, performance or achievements of SJW Group to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Results for a quarter are not indicative of results for a full year due to seasonality and other factors. Other factors that may cause actual results, performance or achievements to materially differ are described in SJW Group’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC. Forward-looking statements are not guarantees of performance, and speak only as of the date made. SJW Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220414005835/en/

SJW Group

James P. Lynch, 408-279-7966

Chief Accounting Officer

Andrew F. Walters, 408-279-7818

Chief Financial Officer

Source: SJW Group

FAQ

When will SJW Group release its first quarter 2022 financial results?

SJW Group will release its first quarter 2022 financial results on April 27, 2022, after market close.

What time is the SJW Group webcast for the financial results?

The SJW Group webcast for the financial results is scheduled for April 28, 2022, at 10 a.m. PT (1 p.m. ET).

How can I access SJW Group's financial results presentation?

The financial results presentation can be accessed on SJW Group's website at www.sjwgroup.com.

What risks might affect SJW Group's future financial results?

SJW Group may face risks related to regulatory changes, COVID-19 impacts, and climatic factors affecting water supply.