May 27, 2018 2:05 PM 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. As of December 31, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

21410 North 19th Avenue

Suite 220

Phoenix, AZ 85027

United States

Founded in 2003

47 Employees

Phone:

480-360-7775

Key Executives for Global Water Resources, Inc.

Global Water Resources, Inc. does not have any Key Executives recorded.

Global Water Resources, Inc. Key Developments

Global Water Resources, Inc. Announces Board Appointments

Global Water Resources, Inc. announced that Debra G. Coy and Brett Huckelbridge were nominated to the Board of Directors and will bring tremendous experience in policy, investments, capital markets, transactions and strategic planning. Senior water industry expert, Jake Lenderking, was appointed as a Director of Water Resources, bringing to Global Water more than 10 years of senior leadership experience in water resource management. And the company joined WaterStart, a consortium of global leaders in water technologies dedicated to accelerating adoption of innovative water technologies.

Global Water Resources, Inc. Reports Unaudited Consolidated Earnings Results for the Quarter Ended March 31, 2018

Global Water Resources, Inc. reported unaudited consolidated earnings results for the quarter ended March 31, 2018. For the quarter, the company reported total revenues of $7,425,000 against $6,791,000 a year ago. Operating income was $1,364,000 against $1,101,000 a year ago. Income before income taxes was $461,000 against $359,000 a year ago. Net income was $320,000 or $0.02 per basic and diluted share against $189,000 or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $3,987,000 against $2,099,000 a year ago. Capital expenditures were $1,101,000 against $6,505,000 a year ago. EBITDA was $3,484,000 against $3,313,000 a year ago. Adjusted EBITDA was $3,691,000 against $3,234,000 a year ago.

Global Water Resources Declares Monthly Dividend, Payable on May 30, 2018

Global Water Resources, Inc. declared a monthly cash dividend in the amount of $0.023625 per common share (an annualized amount of $0.2835 per share), which will be payable on May 30, 2018, to holders of record at the close of business on May 16, 2018.

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