Sector: Utilities | Industry: Water Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 21410 N 19th Ave Ste 220 PHOENIX AZ 85027-2738 |
Tel: | 1-949-4327566 |
Website: | https://www.gwresources.com |
IR: | See website |
Key People | ||
Ron L. Fleming Chairman of the Board, President, Chief Executive Officer | Michael J. Liebman Chief Financial Officer, Corporate Secretary | Christopher D. Krygier Chief Operating Officer |
Joanne Ellsworth Executive Vice President - Corporate Affairs | John Carroll Lenderking Senior Vice President - Water Resources and Legislative Affairs | Steven Brill Vice President - IT Operations and Security |
Jonathan C. Corwin Vice President, General Manager | Suzanne Michelle Kitts Vice President, Controller |
Business Overview |
Global Water Resources, Inc. is a water resource management company. It owns, operates, and manages 29 water, wastewater, and recycled water systems in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. It seeks to deploy an integrated approach, referred to as Total Water Management. Total Water Management is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and communities both environmentally and economically. It treats water to potable standards and also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are derived from groundwater. It serves more than 82,000 people in over 32,000 homes within its 408 square miles of certificated service areas. It provides water and wastewater utility services under the regulatory authority of the Arizona Corporation Commission. |
Financial Overview |
For the fiscal year ended 31 December 2023, Global Water Resources Inc revenues increased 19% to $53M. Net income increased 45% to $8M. Revenues reflect ICFA revenues segment increase from $0K to $2.8M, Water Services - Residential segment increase of 16% to $17.5M. Dividend per share remained flat at $0.30. Basic Earnings per Share excluding Extraordinary Items increased from $0.24 to $0.33. |
Employees: | 106 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $397.46M as of Dec 31, 2023 |
Annual revenue (TTM): | $53.03M as of Dec 31, 2023 |
EBITDA (TTM): | $23.72M as of Dec 31, 2023 |
Net annual income (TTM): | $7.98M as of Dec 31, 2023 |
Free cash flow (TTM): | -$4.10M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $104.45M as of Dec 31, 2023 |
Shares outstanding: | 24,175,947 as of Mar 14, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |