Global Water Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 04:30 pm EDT
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Global Water Resources, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 11.71 million compared to USD 10.94 million a year ago. Revenue was USD 11.71 million compared to USD 10.94 million a year ago. Net income was USD 2.11 million compared to USD 1.98 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.09 a year ago.
For the six months, sales was USD 21.74 million compared to USD 20.2 million a year ago. Revenue was USD 21.74 million compared to USD 20.2 million a year ago. Net income was USD 3 million compared to USD 1.77 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.08 a year ago.
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.
GLOBAL WATER RESOURCES, INC. 
