January 19, 2017 11:33 AM ET

Water Utilities

Company Overview of Global Water Resources, Inc.

Company Overview

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. It serves individuals and communities resources that promote water usage practices. The company was founded in 2003 and is headquartered in Phoenix, Arizona.

21410 North 19th Avenue

Suite 220

Phoenix, AZ 85027

United States

Founded in 2003

49 Employees

Phone:

623-580-9600

Fax:

623-580-9659

Key Executives for Global Water Resources, Inc.

Chief Executive Officer, President, Chief Operating Officer and Director
Age: 36
Total Annual Compensation: $531.3K
Chief Financial Officer, Senior Vice President and Corporate Secretary
Age: 39
Total Annual Compensation: $364.5K
Compensation as of Fiscal Year 2015.

Global Water Resources, Inc. Key Developments

Global Water Resources, Inc. Declares Monthly Cash Dividend Payable on January 31, 2017

Global Water Resources, Inc. has declared, under its dividend policy, a monthly cash dividend in the amount of $0.0225 per common share (an annualized amount of $0.27 per share), which will be payable on January 31, 2017, to holders of record at the close of business on January 17, 2017.

Global Water Resources, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Global Water Resources, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total revenues of $8,180,000 compared to $8,143,000 a year ago. Operating income was $2,665,000 compared to $2,056,000 a year ago. Income before income taxes was $1,863,000 compared to $43,138,000 a year ago. Net income was $1,146,000 compared to $21,095,000 a year ago. Basic and diluted earnings per share were $0.06 compared with $1.20 a year ago. EBITDA was $4,697,000 compared with $47,395,000 a year ago. Adjusted EBITDA was $4,977,000 compared to $4,433,000 a year ago. For the year, the company reported total revenues of $22,585,000 compared to $24,847,000 a year ago. Operating income was $4,552,000 compared to $5,111,000 a year ago. Loss before income taxes was $4,235,000 compared to income of $42,290,000 a year ago. Net loss was $2,762,000 compared to loss of $21,393,000 a year ago. Basic and diluted loss per share was $0.15 compared with earnings per share were $1.17 a year ago. Net cash provided by operating activities was $2,168,000 compared to $5,239,000 a year ago. Capital expenditures were $4,513,000 compared to $2,177,000 a year ago. EBITDA was $11,099,000 compared with $55,304,000 a year ago. Adjusted EBITDA was $10,915,000 compared to $12,322,000 a year ago.

Global Water Resources, Inc. Declares Increased Monthly Dividend Payable on December 29, 2016

Global Water Resources, Inc. has declared, under its dividend policy, a monthly cash dividend in the amount of $0.0225 per common share (an annualized amount of $0.27 per share), which will be payable on December 29, 2016, to holders of record at the close of business on December 15, 2016. This represents an increase of 2.3%.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 20, 2016
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