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May 29, 2015 11:33 PM ET

Water Utilities

Company Overview of Global Water Resources, Inc.

Company Overview

Global Water Resources, Inc., a water resource management company, owns and operates regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. The company also develops and markets FATHOM Utility-to-Utility solutions, which offer an integrated suite of cloud-based geo-spatial advanced technology-enabled platforms that provide third party services to municipalities and private utilities, including customer information system, advanced metering infrastructure, and asset management and computerized maintenance management solutions. Global Water Resources, Inc. was founded in 2003 and is based in Phoenix, Arizona.

21410 North 19th Avenue

Suite 201

Phoenix, AZ 85027

United States

Founded in 2003

62 Employees

Phone:

623-580-9600

Fax:

623-518-4100

Key Executives for Global Water Resources, Inc.

Interim Chief Executive Officer, President and Chief Operating Officer
Chief Financial Officer and Senior Vice President
Chief Technology Officer and Senior Vice President of Compliance & Regulatory Affairs
Age: 52
Executive Vice President of Investor Relations and Director
Age: 52
Compensation as of Fiscal Year 2014.

Global Water Resources, Inc. Key Developments

Global Water Resources, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Global Water Resources, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $7,622,000 against $6,996,000 a year ago. Operating income was $775,000 against $50,444,000 a year ago. Loss before income taxes was $1,443,000 against income before income taxes of $50,160,000 a year ago. Net loss was $915,000 or $5.03 per share against net income of $66,285,000 or $16.18 per share a year ago. EBITDA was $2,946,000 against $54,609,000 a year ago. Adjusted EBITDA was $3,166,000 against $2,098,000 a year ago. Net cash provided by operating activities was $764,000 against $8,010,000 a year ago. Capital expenditures was $419,000 against $106,000 a year ago.

Global Water Resources, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Global Water Resources, Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $7,913,000 compared with $7,766,000 for the same period a year ago. Operating income was $872,000 compared with $1,501,000 for the same period a year ago. Loss before tax was $1,357,000 compared with income before tax of $148,000 for the same period a year ago. Net loss was $839,000 compared with net income of $137,000 for the same period a year ago. Net cash used in operating activities was $632,000 compared with $1,544,000 for the same period a year ago. Capital expenditures was $601,000 compared with $574,000 for the same period a year ago. EBITDA for the quarter ended December 31, 2014 was $3.9 million compared to $4.6 million for the same period last year. The year over year increase was primarily attributed to the $50.7 million gain on regulatory order recorded in 2014 regarding the ACC's February 2014 rate decision. For the year, the company reported total revenues of $32,559,000 compared with $33,434,000 for the same period a year ago. Operating income was $54,791,000 compared with $2,015,000 for the same period a year ago. Income before tax was $47,936,000 compared with loss before tax of $6,024,000 for the same period a year ago. Net income was $64,931,000 compared with net loss of $6,040,000 for the same period a year ago. Net cash provided by operating activities was $11,646,000 compared with $2,069,000 for the same period a year ago. Capital expenditures was $1,655,000 compared with $5,294,000 for the same period a year ago. EBITDA for the year ended December 31, 2014 was $66.6 million compared to $12.7 million for the same period last year.

Global Water Resources, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Global Water Resources, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of USD 8.795 million compared to USD 8.990 million a year ago. Operating income was USD 2.022 million compared to USD 1.033 million a year ago. Income before income tax was USD 0.043 million compared to USD 0.662 million a year ago. Net loss was USD 0.026 million compared to net income of USD 0.660 million a year ago. EBITDA was USD 4.300 million compared to USD 5.157 million a year ago. Net cash provided by operating activities was USD 5.375 million compared to USD 2.048 million a year ago. Capital expenditures were USD 0.388 million compared to USD 1.071 million a year ago. For the nine months, the company reported total revenues of USD 24.646 million compared to USD 25.668 million a year ago. Operating income was USD 53.919 million compared to USD 0.514 million a year ago. Income before income tax was USD 49.293 million compared to loss before income tax of USD 6.172 million a year ago. Net income was USD 65.770 million compared to net loss of USD 6.177 million a year ago. Net cash provided by operating activities was USD 12.278 million compared to USD 3.613 million a year ago. Capital expenditures were USD 1.054 million compared to USD 4.720 million a year ago.

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