SJW Group Sets Date for Release of First Quarter 2023 Financial Results

Rhea-AI Summary

SJW Group (NYSE: SJW) will release its Q1 2023 financial results on May 1, 2023, at 9:00 a.m. ET. A webcast will follow at 11:00 a.m. PT (2:00 p.m. ET) featuring CEO Eric W. Thornburg and CFO Andrew F. Walters discussing the results. An accompanying slide presentation will be available on SJW’s investor website. The webcast will remain accessible until July 24, 2023. SJW Group serves approximately 1.5 million people across the U.S. with essential water services.

This upcoming announcement is significant as it marks the company’s first quarter performance review for the year, providing investors insights into financial health and operational efficiency.

SAN JOSE, Calif.--(BUSINESS WIRE)-- SJW Group (NYSE: SJW) today announced that the company intends to release its first quarter 2023 financial results prior to 9:00 a.m. (ET) on Monday, May 1, 2023. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation at 11 a.m. (PT), 2:00 p.m. (ET) on Monday, May 1, 2023.

An accompanying slide presentation will also be published to SJW Group’s investor website prior to 9:00 a.m. (ET), Monday, May 1.

Interested parties may access a link to the webcast at www.sjwgroup.com. An archive of the webcast will be available until July 24, 2023.

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 about 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 The Texas Water 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) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (4) the effects of the impacts of climate change; (5) unexpected costs, charges or expenses; (6) our ability to successfully evaluate investments in new business and growth initiatives; (7) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (8) the risk of work stoppages, strikes and other labor-related actions; (9) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (10) changes in general economic, political, business and financial market conditions; (11) 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 (12) 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/20230418005834/en/

Andrew F. Walters

Chief Financial Officer and Treasurer

Andrew.Walters@sjwater.com

408-279-7818

Daniel J. Meaney, APR

Director of Corporate and External Communications

Daniel.Meaney@ctwater.com

860-664-6016

Source: SJW Group

FAQ

When will SJW Group announce its Q1 2023 financial results?

SJW Group will announce its Q1 2023 financial results on May 1, 2023, at 9:00 a.m. ET.

What time is the SJW Group Q1 2023 earnings webcast?

The Q1 2023 earnings webcast for SJW Group will be held on May 1, 2023, at 11:00 a.m. PT (2:00 p.m. ET).

Where can I access the SJW Group Q1 2023 financial results presentation?

The financial results presentation for Q1 2023 can be accessed on SJW Group's investor website prior to 9:00 a.m. ET on May 1, 2023.

How many people does SJW Group provide water services to?

SJW Group provides water services to approximately 1.5 million people in the United States.

How long will the SJW Group earnings webcast be available for viewing?

The SJW Group earnings webcast will be available for viewing until July 24, 2023.