SJW Group Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 21, 2024 at 10:06 pm EST
Share
SJW Group reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 171.34 million compared to USD 171.37 million a year ago. Net income was USD 18.95 million compared to USD 33.5 million a year ago.
Basic earnings per share from continuing operations was USD 0.59 compared to USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 1.09 a year ago.
SJW Group is a water and wastewater utilities company providing water service. The Company operates through four wholly owned subsidiaries, namely, San Jose Water Company (SJWC), SJWNE LLC, SJWTX Holdings, Inc., and SJW Land Company. SJWNE LLC is a special purpose entity holding company for Connecticut Water Service, Inc. (CTWS) (and its wholly owned subsidiaries, The Connecticut Water Company (CWC), The Maine Water Company (MWC), Chester Realty, Inc. and New England Water Utility Services, Inc. (NEWUS)). SJWTX Holdings, Inc. is the holding company for SJWTX, Inc., doing business as The Texas Water Company (TWC), Texas Water Operation Services, LLC (TWOS) and Texas Water Resources, LLC (TWR). The Company, through its wholly owned subsidiaries, primarily provides water utility and other related services in California, Connecticut, Maine and Texas. SJW Group has business in property management and real estate investment activity conducted by SJW Land Company and Chester Realty, Inc.