SJW Group (N:SJW)
Business Focus: Water Supply & Irrigation Systems
Apr 16, 2024 08:00 am ET
SJW Group Sets Date for Release of 2024 First Quarter Financial Results
SJW Group (NYSE: SJW) expects to report its 2024 first quarter financial results after the market closes on Thursday, April 25, 2024.
Apr 15, 2024 09:25 am ET
Nazan Riahei Joins SJW Group as Vice President of Communications
SJW Group (NYSE: SJW) announces that Nazan Riahei has been named vice president of communications for SJW Group, effective April 15. In this newly created role, Riahei will oversee internal and external communications at SJW Group and help position the company’s national platform for future growth. She will also closely collaborate with the leadership and communications teams across the company’s state operations, leveraging resources and scale to optimize best practices, consistency, and efficiency.
Mar 04, 2024 04:30 pm ET
Tanya Moniz-Witten Joins San Jose Water as President
SJW Group (NYSE: SJW) announces today that Tanya Moniz-Witten will be joining the company on March 25, 2024, as president of San Jose Water (SJW). Tanya will be responsible for leading the regulated utility business in San Jose, driving strategy, financial performance, growth and establishing and maintaining excellent regulatory and customer relationships.
Feb 21, 2024 10:06 pm ET
SJW Group Announces 2023 Financial Results
SJW Group (NYSE: SJW) today reported financial results for 2023.
Feb 21, 2024 08:30 am ET
Texas Water Company Files Application To Acquire 3009 Water Company
The Texas Water Company (TWC) has filed an application with the Public Utilities Commission of Texas (PUCT) to acquire 3009 Water Company.
Feb 12, 2024 08:30 am ET
SJW Group Sets Date for Release of 2023 Financial Results and Announcement of 2024 Guidance
SJW Group (NYSE: SJW) expects to report financial results for the fourth quarter and 2023 year end, and announce guidance, after the close of the market on Feb. 21, 2024.
Feb 05, 2024 09:02 am ET
SJW Group Announces Deferral of San Jose Water Company’s Cost of Capital Filing to May 1, 2025
SJW Group (NYSE: SJW) announced today that its wholly owned subsidiary, San Jose Water Company, along with three other California water utilities (the “Joint Parties”) received a letter dated Feb. 2, 2024, from the Executive Director of the California Public Utilities Commission (“CPUC”) granting the Joint Parties’ request to defer their scheduled 2024 Cost of Capital (“COC”) filings to May 1, 2025.
Jan 25, 2024 09:02 am ET
SJW Group Declares Dividend and Announces 2024 Dividend Increase
The Board of Directors of SJW Group (NYSE: SJW) has declared a quarterly cash dividend of $0.40 per share payable on March 1, 2024, to all shareholders of record at the close of business on Feb. 5, 2024.
Jan 09, 2024 05:00 pm ET
San Jose Water Files General Rate Case Application Focused on Infrastructure Upgrades and Water System Safety and Resiliency
San Jose Water (SJW), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced the filing of its 2024 General Rate Case (GRC) application with the California Public Utilities Commission (CPUC) for new rates in 2025, 2026 and 2027.
Dec 19, 2023 05:00 pm ET
SJW Group Earns Coveted Spot on Newsweek Excellence 1000 Index 2024
SJW Group (NYSE: SJW) was recently recognized in the Newsweek Excellence 1000 Index 2024. The venerable magazine’s index ranks a select group of 1000 companies globally, spanning more than 25 industries and 100 categories, that have been identified as exemplars of corporate success and responsibility.
Nov 01, 2023 08:30 am ET
SJW Group Appoints Marisa Joss as Corporate Secretary
SJW Group (NYSE: SJW) today announced that its board of directors has appointed Marisa Joss as corporate secretary, effective October 25, 2023. She joined the company in September 2022. Joss will also continue in her previous role as deputy general counsel subsidiaries, reporting to Willie Brown, vice president and general counsel of SJW Group.
Oct 30, 2023 08:00 am ET
SJW Group Announces 2023 Third Quarter Financial Results and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the third quarter ended September 30, 2023.
Oct 18, 2023 08:30 am ET
SJW Group Sets Date for Release of Third Quarter 2023 Financial Results
SJW Group (NYSE: SJW) today announced that the company intends to release its third quarter 2023 financial results prior to 9:00 a.m. (ET) on Monday, October 30, 2023.
Oct 04, 2023 09:15 am ET
Connecticut Water Files Application With Connecticut Public Utilities Regulatory Authority (PURA) To Amend Rates
The Connecticut Water Company announced the filing of an application to amend customer rates with the Connecticut Public Utilities Regulatory Authority (PURA).
Sep 20, 2023 04:00 pm ET
New Bill Payment Options Launch for San Jose Water Customers Through InvoiceCloud Partnership
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announces today new self-service payment options for customers to pay their bills, including via PayPal, Venmo, Apple Pay, and more. The service is made possible with online bill payment service, InvoiceCloud. The new payment portal went live on September 18. Customers seeking more information on how to use the new service or simply want to sign up can head to sjwater.com.
Sep 18, 2023 07:00 am ET
Gabelli Funds to Host PFAS Symposium at The Harvard Club, New York, NY
Gabelli Funds is hosting a PFAS Symposium on Thursday, September 28, 2023 at the Harvard Club in New York City and virtually on Zoom. This event will focus on issues surrounding PFAS uses, replacements, and remediation. It will feature...
Aug 31, 2023 09:00 am ET
SJW Group Announces Appointment of Denise L. Kruger to Board of Directors
SJW Group (NYSE: SJW) today announced the appointment of Denise L. Kruger to the SJW Group board of directors effective, Sept. 1.
Aug 16, 2023 11:36 am ET
Gabelli Funds to Host PFAS Symposium at the Harvard Club, New York City
Gabelli Funds is hosting a PFAS Symposium on Thursday, September 28, 2023 at the Harvard Club in New York City. This event will focus on issues surrounding PFAS uses, replacements, and remediation. It will feature presentations from leading...
Aug 15, 2023 09:01 am ET
Texas Water Company Closes on Acquisitions of KT Water Development and KT Water Resources
The Texas Water Company, a subsidiary of SJW Group (NYSE: SJW), today announced that it has closed on the acquisitions of KT Water Development Ltd. and KT Water Resources L.P. The acquisitions will add 570 residential water service connections and an approximately 40% increase in the systemwide water supply available for current customer needs and future growth.
Aug 02, 2023 04:30 pm ET
Aundrea Williams Joins The Texas Water Company as President
SJW Group (NYSE: SJW) announces today that Aundrea Williams will be joining the company on August 21, 2023 as president of The Texas Water Company (TWC). TWC serves three of the five fastest growing counties in the U.S.
Jul 31, 2023 08:00 am ET
SJW Group Announces 2023 Second Quarter Financial Results and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2023.
Jul 18, 2023 09:00 am ET
SJW Group Sets Date for Release of Second Quarter 2023 Financial Results
SJW Group (NYSE: SJW) today announced that the company intends to release its second quarter 2023 financial results prior to 9:00 a.m. (ET) on Monday, July 31, 2023. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation at 11 a.m. (PT), 2:00 p.m. (ET) on Monday, July 31, 2023.
Jul 06, 2023 01:02 pm ET
California Public Utilities Commission Approves Proposed Cost of Capital Decision
The California Public Utilities Commission (CPUC) has adopted the proposed decision in the cost of capital proceeding for San Jose Water for the years 2022 through 2024.
May 01, 2023 07:30 am ET
SJW Group Announces 2023 First Quarter Financial Results, Reaffirms 2023 Guidance, and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March, 31, 2023.
Apr 18, 2023 09:20 am ET
SJW Group Sets Date for Release of First Quarter 2023 Financial Results
SJW Group (NYSE: SJW) today announced that the company intends to release its first quarter 2023 financial results prior to 9:00 a.m. (ET) on Monday, May 1, 2023. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation at 11 a.m. (PT), 2:00 p.m. (ET) on Monday, May 1, 2023.
Apr 04, 2023 04:00 pm ET
SJW Group Appoints Thomas A. Hodge as Vice President of Business Development and President of Texas Water Operation Services, LLC
SJW Group (NYSE: SJW) today announced that its board of directors has appointed Thomas A. Hodge as vice president of business development, effective April 1. Hodge has also been appointed president of Texas Water Operation Services, LLC. He has been with SJW since 2002 and has led the company’s rapidly growing Texas subsidiary, The Texas Water Company (TWC), as president since 2007.
Feb 22, 2023 07:03 pm ET
SJW Group 2022 Financial Results and 2023 Guidance Issued
SJW Group (NYSE: SJW) today reported financial results for the fourth quarter and year ended 2022.
Feb 09, 2023 09:15 am ET
SJW Group Sets Date for 2022 Full Year and Fourth Quarter Financial Results Announcement
SJW Group (NYSE: SJW) will release its 2022 full-year and fourth quarter financial results after the close of the market on Feb. 22, 2023. Eric W. Thornburg, president, chief executive officer and board chair, Andrew F. Walters, chief financial officer and treasurer, and Bruce A. Hauk, chief operating officer, will review the results in a webcast presentation at 11:00 a.m. (PT), 2:00 p.m. (ET) on Feb. 23, 2023.
Jan 31, 2023 12:15 pm ET
Mohammed (Rally) Zerhouni Joins SJW Group as Senior Vice President of Finance, Principal Accounting Officer
SJW Group (NYSE: SJW) has announced today that Mohammed G. (Rally) Zerhouni joined the company on Jan. 30 as the senior vice president of finance, principal accounting officer.
Jan 26, 2023 09:20 am ET
SJW Group Declares Dividend and Announces 2023 Dividend Increase
The Board of Directors of SJW Group (NYSE: SJW) has declared a quarterly cash dividend of $0.38 per share payable on March 1, 2023, to all shareholders of record at the close of business on Feb. 6, 2023.
Jan 24, 2023 09:15 am ET
SJW Group’s Texas Subsidiary Reaches Agreements That Will Add Customers and Significant Water Supply to the Rapidly Growing Service Area
SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as Canyon Lake Water Service Company, has reached agreements to acquire KT Water Development Ltd and KT Water Resources L.P., which are both located in Comal County, Texas. The pending acquisitions will add more than 550 customers and a 50% increase in the total available system-wide water supply for current customer needs and future growth.
Dec 28, 2022 09:20 am ET
Bruce A. Hauk Named Chief Operating Officer of SJW Group
SJW Group (NYSE: SJW) today announced that its board of directors has appointed Bruce A. Hauk as chief operating officer, effective January 1, 2023. Hauk will lead regulated water and wastewater utility operations across SJW Group’s geographically diverse footprint. The company’s local operations now serve more than 1.5 million people in California, Connecticut, Maine and Texas. Hauk joined SJW Group in August 2022 as its chief corporate development and strategy officer.
Dec 02, 2022 06:37 pm ET
Allegro Microsystems and CubeSmart Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Dec. 2, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 19 to coincide with the quarterly rebalance:
Dec 01, 2022 01:30 pm ET
SJW Group Announces Stephanie Orosco Promoted to Chief Human Resources Officer
SJW Group (NYSE: SJW) announced today that Stephanie Orosco has been promoted to Chief Human Resources Officer of SJW Group. Orosco most recently served as the vice president of human resources (HR) at San Jose Water, a subsidiary of the company in California.
Nov 30, 2022 09:15 am ET
Kristen A. Johnson Promoted to Senior Vice President and Chief Administrative Officer of SJW Group
SJW Group (NYSE: SJW) has announced that Kristen A. Johnson has been promoted to senior vice president and chief administrative officer. Johnson has served as the chief administrative officer for SJW Group since 2019.
Nov 11, 2022 08:35 am ET
Craig J. Patla Named to Serve as President of Connecticut Water Service and Connecticut Water Company Following Retirement of Maureen P. Westbrook
Connecticut Water Service, Inc. (CTWS), a wholly owned subsidiary of SJW Group (NYSE: SJW), announced today that Maureen P. Westbrook, president of CTWS and the Connecticut Water Company (CWC), plans to retire on Dec. 31, 2022, and Craig J. Patla, vice president of service delivery, is expected to succeed her as president of CTWS and CWC, effective on Jan. 1, 2023.
Nov 03, 2022 01:00 pm ET
Marisa Joss Joins SJW Group as Deputy General Counsel and Assistant Corporate Secretary
SJW Group (NYSE: SJW) announced today that Marisa Joss has joined the company as Deputy General Counsel and Assistant Corporate Secretary. In this role and as a member of the Senior Leadership Team, Marisa will be responsible for providing advice and support to both SJW and its subsidiaries, along with their boards of directors in the areas of legal and risk management, corporate governance, and securities laws.
Oct 27, 2022 06:30 pm ET
SJW Group Announces 2022 Third Quarter Financial Results, Reaffirms 2022 Guidance, and Declares Dividend
SJW Group (NYSE: SJW) today reported third quarter financial results of $0.82 diluted earnings per share (EPS) on operating revenue of $176.0 million compared to third quarter 2021 results of $0.64 diluted EPS on operating revenue of $166.9 million. Diluted EPS in 2022 includes $0.83 per share from recurring operations offset by one-time items totaling $0.01 per share.
Oct 17, 2022 09:15 am ET
SJW Group Sets Date for Release of Third Quarter 2022 Financial Results
SJW Group (NYSE: SJW) today announced that the company will release its third quarter 2022 financial results after the close of the market on Thursday, October 27, 2022. Eric Thornburg, president, chief executive officer and board chair, James P. Lynch, chief accounting officer and Andrew F. Walters, chief financial officer, will review the results in a webcast presentation at 10 a.m. (PT), 1:00 p.m. (ET) on Friday, October 28, 2022.
Oct 06, 2022 06:00 pm ET
SJW Group Announces the California Public Utilities Commission’s Approval of San Jose Water’s General Rate Case
San Jose Water (“the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that the California Public Utilities Commission (“CPUC”) approved its General Rate Case for the years 2022 through 2024.
Sep 27, 2022 01:00 pm ET
San Jose Water Honored as Diversity Champion by Institute for Supply Management
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that it has been awarded the 2022 ISM Supply Chain Trailblazer Award as a Diversity Champion.
Aug 19, 2022 04:15 pm ET
Bruce A. Hauk Joins SJW Group as Chief Corporate Development & Strategy Officer
SJW Group (NYSE: SJW) today announced that its board of directors has appointed Bruce A. Hauk as chief corporate development & strategy officer, effective August 22, 2022. Bruce will be responsible for business development and strategic planning. In this role, he will lead the company’s acquisition and growth initiatives, building on SJW’s strong record of acquisitions, with over 60 percent customer growth and more than doubling of utility plant in the past five years.
Jul 27, 2022 07:00 pm ET
SJW Group Announces 2022 Second Quarter Financial Results, Reaffirms 2022 Guidance, and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2022. SJW Group’s net income was $11.6 million based on revenues of $149.0 million for the quarter ended June 30, 2022, compared to net income of $20.8 million with revenues of $152.2 million for the same period in 2021.
Jul 27, 2022 05:59 pm ET
Maine Water Celebrates the Commissioning of the Saco River Drinking Water Resource Center
Today, Maine Water Company celebrated the commissioning of its new $60 million Saco River Drinking Water Resource Center, which began operation in June, providing up to 12 million gallons of high-quality drinking water a day to the Saco Bay communities.
Jul 15, 2022 09:20 am ET
SJW Group Sets Date for Release of Second Quarter 2022 Financial Results
SJW Group (NYSE: SJW) today announced that the company will release its second quarter 2022 financial results after the close of the market on Wednesday, July 27, 2022. Eric Thornburg, president, chief executive officer and board chair, James P. Lynch, chief accounting officer and Andrew F. Walters, chief financial officer, will review the results in a webcast presentation at 7 a.m. (PT), 10:00 a.m. (ET) on Thursday, July 28, 2022.
Jul 13, 2022 09:20 am ET
Maine Water’s New Saco River Drinking Water Resource Center Earns Envision Silver Award for Sustainable Infrastructure
The Institute for Sustainable Infrastructure (ISI) has awarded Maine Water Company’s Saco River Drinking Water Resource Center the Envision Silver Award for sustainable infrastructure. The center treats and filters water from the Saco River in Biddeford, Maine, so that 40,000 people in the communities of Biddeford, Saco, Old Orchard Beach and Pine Point have a reliable supply of high-quality drinking water that meets all state and federal drinking water standards.
Jul 11, 2022 04:01 pm ET
Diamondback Energy, Inc. Announces Appointments to the Board of Directors
Travis Stice, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company"), is pleased to announce that effective July 7, 2022, the Company increased the...
Jun 13, 2022 02:00 pm ET
San Jose Water Receives CPUC Approval for Smart Meter Technology
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that the California Public Utilities Commission (CPUC) has approved its request to deploy Advanced Metering Infrastructure, more commonly known as AMI or smart meters. The Company will be investing approximately $100 million over the next four years in this technology, which supports customer service and environmental goals.
May 02, 2022 12:20 pm ET
Rick Knowlton Retiring as Maine Water Company President
The Maine Water Company has announced that Richard Knowlton will be retiring as Maine Water’s president, effective June 17, 2022. Knowlton joined what is now Maine Water as vice president of operations in 1993 and became company president in 2017.
Apr 27, 2022 06:30 pm ET
SJW Group Announces 2022 First Quarter Financial Results, Provides 2022 Guidance, and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March 31, 2022. SJW Group’s net income was $3.7 million for the quarter ended March 31, 2022, compared to $2.6 million for the same period in 2021. Diluted earnings per share were $0.12 and $0.09 for the quarters ended March 31, 2022 and 2021, respectively. Diluted earnings per share in 2022 includes $0.09 per share from recurring operations and one-time items totaling $0.03 per share. Diluted earnings per share in 2021 were $0.09 per share from recurring operations.
Apr 14, 2022 03:01 pm ET
SJW Group Sets Date for Release of First Quarter 2022 Financial Results
SJW Group (NYSE: SJW) today announced that the company will release its first quarter 2022 financial results after the close of the market on Wednesday, April 27, 2022. Eric Thornburg, president, chief executive officer and board chair, James P. Lynch, chief accounting officer and Andrew F. Walters, chief financial officer, will review the results in a webcast presentation at 10 a.m. (PT), 1:00 p.m. (ET) on Thursday, April 28, 2022.
Apr 13, 2022 09:20 am ET
SJW Group Announces Maine Public Utilities Commission Approval of Maine Water Company Rate Settlement Agreement
SJW Group (NYSE: SJW) today announced that a stipulation agreement (settlement agreement) between its Maine subsidiary, The Maine Water Company, and the Office of Public Advocate has been approved by the Maine Public Utilities Commission. The agreement stems from a general rate application linked to the company’s $60 million investment in a new drinking water treatment facility to serve Biddeford-Saco division customers.
Mar 10, 2022 12:00 pm ET
San Jose Water Files 2021 Supplier Diversity Report
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that it has filed its 2021 Supplier Diversity report with the California Public Utilities Commission (CPUC).
Feb 22, 2022 12:00 pm ET
San Jose Water Receives State Funding to Help Customers Facing COVID Financial Hardship
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that it has received funds from the California Water and Wastewater Arrearage Payment Program (Program), which is administered by the State Water Resources Control Board. Funded by the American Rescue Plan Act, the funds are intended to help support customers who experienced financial hardship due to COVID-19, and were unable to pay their water bills from March 4, 2020 to June 15, 2021.
Feb 17, 2022 06:00 pm ET
SJW Group Announces 2021 Annual and Fourth Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the annual and fourth quarter ended December 31, 2021.
Feb 08, 2022 09:15 am ET
SJW Group Releases 2021 Corporate Sustainability Report
SJW Group (NYSE: SJW), which provides life-sustaining water and wastewater services to more than 1.5 million people in the U.S., has announced the release of its 2021 Corporate Sustainability Report. The report summarizes the environmental, social and governance achievements across the company’s local operations that serve customers in California, Connecticut, Maine and Texas.
Feb 03, 2022 09:15 am ET
SJW Group Sets Date for 2021 Full-year and Fourth Quarter Financial Results Announcement
SJW Group (NYSE: SJW) will release its 2021 full-year and fourth quarter financial results after the close of the market on February 17, 2022. Eric W. Thornburg, president, chief executive officer and board chair, James P. Lynch, chief accounting officer, and Andrew F. Walters, chief financial officer, will review the results in a webcast presentation at 10:00 a.m. (PT), 1:00 p.m. (ET) on February 18, 2022.
Jan 31, 2022 09:15 am ET
SJW Group CEO Eric W. Thornburg Joins More Than 2,000 CEOs in Unprecedented Commitment to Advance Diversity and Inclusion in the Workplace
SJW Group has joined the growing coalition of companies pledging to advance diversity and inclusion in the workplace. One of more than 2,000 CEOs who have come together with CEO Action for Diversity & Inclusion™, SJW Group’s president and CEO, Eric W. Thornburg, is committing himself and SJW Group to this goal.
Jan 28, 2022 04:03 pm ET
SJW Group Appoints James P. Lynch as Chief Accounting Officer, Andrew Walters as Chief Financial Officer; San Jose Water Appoints Peter Fletcher as Vice President - Information Security Officer
The SJW Group (NYSE: SJW) board of directors has appointed James P. Lynch as chief accounting officer and Andrew F. Walters as chief financial officer. Peter Fletcher has been appointed vice president - information security officer of San Jose Water Co., a wholly owned subsidiary of SJW Group. The appointments were effective on Jan. 26. Lynch and Walters have both held previous officer positions at SJW Group.
Jan 27, 2022 09:02 am ET
SJW Group Declares Dividend and Announces 2022 Dividend Increase
The Board of Directors of SJW Group (NYSE: SJW) has declared a quarterly cash dividend of $0.36 per share payable on March 1, 2022, to all shareholders of record at the close of business on Feb. 7, 2022.
Jan 25, 2022 09:02 am ET
SJW Group Announces Texas Subsidiary Has Closed on Acquisition of Texas Country Water
SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as the Canyon Lake Water Service Company, has closed on the purchase of Texas Country Water in Comal County, Texas. TCW is the fourth Texas acquisition by SJWTX in the past 12 months. Over that time, SJWTX has added more than 1,900 water and wastewater connections through acquisitions. The overall growth rate for the same period is about 20% when organic growth is included.
Dec 21, 2021 09:02 am ET
SJW Group Announces Texas Subsidiary Has Closed on Acquisition of Kendall West and Bandera East Water Utilities
SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as the Canyon Lake Water Service Company, has closed on the purchase of two water/wastewater acquisitions that were under common ownership. The Kendall West and the Bandera East utilities have more than 1,600 water and wastewater service connections, and serve approximately 4,000 people in Kendall, Bandera and Medina counties in Texas. With the addition of Kendall County, SJWTX will operate in three of the top five fastest percentage growth counties in the US according to the US Census Bureau.
Dec 17, 2021 05:10 pm ET
SJW Group Announces Appointment of Rebecca (“Becky”) Armendariz Klein to Board of Directors
SJW Group (NYSE: SJW) today announced the appointment of Becky Armendariz Klein to the SJW Group Board of Directors. Ms. Klein has been appointed as an independent member of the board who will serve on the Sustainability and Executive Compensation Committees, effective December 17, 2021.
Dec 03, 2021 05:01 pm ET
SJW Group to Present at the Bank of America 2021 Water Conference
SJW Group (NYSE: SJW), the second-largest investor-owned pure-play water and wastewater utility in the United States, based on estimated rate base, has been invited to present at the Bank of America Water Conference on Dec. 6, 2021.
Oct 28, 2021 07:06 pm ET
SJW Group Announces 2021 Third Quarter Financial Results, Reaffirms 2021 Guidance, and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the third quarter ended September 30, 2021. SJW Group net income was $19.1 million for the quarter ended September 30, 2021, compared to $26.1 million for the same period in 2020. Diluted earnings per share were $0.64 and $0.91 for the quarters ended September 30, 2021 and 2020, respectively. Diluted earnings per share in 2020 includes $0.89 per share from ongoing operations and a non-recurring gain on the sale of real estate investments of $0.9 million (net of tax) or $0.03 per share, offset by non-recurring expenses related COVID-19
Oct 21, 2021 01:58 pm ET
Employees Vote Connecticut Water Company a National Top Workplace for Culture Excellence
Today the Connecticut Water Company announced that its employees had voted it both a national Top Workplace and a Top Workplace in the state of Connecticut. Top Workplaces, an independent firm, conducted an anonymous survey that assessed employee ratings on several critical cultural criteria, including alignment with core values, employee appreciation, employee development, performance and confidence in company leadership.
Oct 18, 2021 09:02 am ET
SJW Group Sets Date for Release of Third Quarter 2021 Financial Results
SJW Group (NYSE: SJW) today announced that the company will release its third quarter 2021 financial results after the close of the market on October 28, 2021. Eric Thornburg, President, Chief Executive Officer and Board Chair, and James Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 10:00 a.m. (PT), 1:00 p.m. (ET) on October 29, 2021.
Sep 10, 2021 09:15 am ET
SJW Group to Present at the Janney Virtual Water Utilities Conference
SJW Group (NYSE: SJW), the second-largest investor-owned pure-play water and wastewater utility in the United States, based on estimated rate base, has been invited to present at the Janney Virtual Water Utilities Conference on Sept. 14, 2021.
Aug 25, 2021 06:00 pm ET
SJW Group CEO Among Private Sector Leaders Invited to Biden-led Cybersecurity Summit
SJW Group (NYSE: SJW) CEO Eric Thornburg today shared his perspective on how to collectively improve the nation’s cybersecurity and critical infrastructure resilience in a meeting with President Biden, members of his cabinet and national security team, and private sector and education leaders from across the country. Mr. Thornburg was honored by the invitation and eager to engage in discussions on how best to safeguard the nation’s public drinking water from cyber threats. Safe drinking water is essential to support public health, safety and economic development across the country. Other notab
Jul 29, 2021 07:30 pm ET
SJW Group Announces 2021 Second Quarter Financial Results, Reaffirms 2021 Guidance, and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2021. SJW Group net income was $20.8 million for the quarter ended June 30, 2021, compared to $19.7 million for the same period in 2020. Diluted earnings per share were $0.69 for the quarters ended June 30, 2021 and 2020, respectively. Diluted earnings per share in 2021 includes $0.60 per share from ongoing operations and $2.6 million (net of tax) or $0.09 per share from non-recurring income related to the holdback amount received during 2021 related to the sale of all of SJW Group’s equity interest in
Jul 22, 2021 05:00 pm ET
SJW Group Sets Date for Release of Second Quarter 2021 Financial Results
SJW Group (NYSE: SJW) today announced that the company will release its second quarter 2021 financial results after the close of the market on July 29, 2021. Eric Thornburg, President, Chief Executive Officer and Board Chairman, and James Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 10:00 a.m. (PT), 1:00 p.m. (ET) on July 30, 2021.
Jun 28, 2021 04:30 pm ET
SJW Group Announces That Its Texas Subsidiary Has Filed Applications to Acquire the Kendall West Utility in Kendall County and Bandera East Utility in Bandera and Medina Counties, Texas
SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as Canyon Lake Water Service Company, is planning to acquire the Kendall West Utility operating in Kendall County and the Bandera East Utility in Bandera and Medina Counties, Texas. The companies have filed applications with the Public Utilities Commission of Texas (“PUCT”) for approval of the transactions.
Jun 28, 2021 04:00 pm ET
San Jose Water Announces Willie Brown as Vice President - General Counsel and Corporate Secretary
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that Willie Brown has been appointed by the SJW Group Board of Directors to serve as Vice President, General Counsel and Corporate Secretary. Prior to this, Mr. Brown served as Corporate Secretary and Assistant General Counsel. In this new role, he will also be a member of the company’s Executive Leadership Team and an officer of SJW Group. Mr. Brown joined San Jose Water in 2008 as an attorney.
Apr 28, 2021 07:45 pm ET
SJW Group Announces 2021 First Quarter Financial Results, Provides 2021 Guidance, and Declares Dividend
SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March 31, 2021. SJW Group net income was $2.6 million for the quarter ended March 31, 2021, compared to $2.4 million for the same period in 2020. Diluted earnings per share were $0.09 and $0.08 for the quarters ended March 31, 2021 and 2020, respectively. Diluted earnings per share in 2021 includes $0.12 per share from ongoing operations offset by non-recurring expenses related to the Texas ice storms of $0.7 million (net of tax) or $0.03 per share. Diluted earnings per share in 2020 includes $0.15 per share fro
Apr 16, 2021 06:00 pm ET
SJW Group Sets Date for Release of First Quarter 2021 Financial Results
SJW Group (NYSE: SJW) today announced that the company will release its first quarter 2021 financial results after the close of the market on April 28, 2021. Eric Thornburg, President, Chief Executive Officer and Board Chairman, and James Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 8:00 a.m. (PT), 11:00 a.m. (ET) on April 29, 2021.
Apr 13, 2021 06:00 pm ET
SJW Group Announces That Its Texas Subsidiary Has Completed the Acquisition of the Clear Water Estates Water System in Canyon Lake, Texas
SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as Canyon Lake Water Service Company, has completed the acquisition of the Clear Water Estates Water System in Canyon Lake, Texas. The Public Utilities Commission of Texas (PUCT) approved the sale and transfer of all Clear Water Estates facilities to SJWTX on March 1. This was the first application to the PUCT to request treatment under Texas’s new Fair Market Value legislation.
Mar 08, 2021 11:55 pm ET
SJW Group Announces Pricing of Offering of Common Stock
SJW Group (NYSE: SJW) (“SJW” or the “Company”) announced today that it has priced its previously announced underwritten public offering of 1,030,000 shares of its common stock, par value $0.001 per share, at a public offering price of $59.00 per share, for aggregate gross proceeds of approximately $60.77 million. SJW has also granted the underwriters a 30-day option to purchase up to an additional 154,500 shares of its common stock. The offering is expected to close on or about March 11, 2021, subject to customary closing conditions.
Mar 08, 2021 04:05 pm ET
SJW Group Announces Proposed Offering of Common Stock
SJW Group (NYSE: SJW) (“SJW” or the “Company”) announced today that it has commenced an underwritten public offering of 1,030,000 shares of its common stock, par value $0.001 per share, subject to market and other conditions. SJW also intends to grant the underwriters a 30-day option to purchase up to an additional 154,500 shares of its common stock.
Feb 18, 2021 06:00 pm ET
SJW Group Announces 2020 Annual and Fourth Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the annual and fourth quarter ended December 31, 2020.
Feb 05, 2021 06:00 pm ET
SJW Group Sets Date for 2020 Full-Year and Fourth Quarter Results Announcement
SJW Group (NYSE: SJW) will release its 2020 full-year and fourth quarter financial results after the close of the market on February 18, 2021. Eric Thornburg, President, Chief Executive Officer and Board Chairman, and James Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 8:00 a.m. (PT), 11:00 a.m. (ET) on February 19, 2021.
Feb 04, 2021 06:00 pm ET
San Jose Water Announces Community Donations of $285k in 2020
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that it donated $285,000 to local non-profits, community organizations, and other philanthropic entities in 2020, a 26% increase over 2019. Monetary donations are funded by Company shareholders.
Feb 03, 2021 06:00 pm ET
SJW Group Releases 2020 Sustainability Report
SJW Group (NYSE: SJW), among the largest investor-owned water and wastewater utility companies in the U.S., announced the release of its 2020 Sustainability Report, Coast to Coast. It is SJW Group’s first report since its 2019 acquisition of Connecticut Water Service, Inc., which now inclu
Jan 28, 2021 07:30 pm ET
SJW Group Announces 2021 Dividend Increase
SJW Group (NYSE: SJW) today announced that the Board of Directors approved an increase in the 2021 annual dividend over total dividends paid in 2020 of 6.3%, or $0.08, per share to $1.36 per share. Since 2016, SJW Group has increased the annual dividend by 67.9%.
Jan 15, 2021 04:37 pm ET
Connecticut Water Files Application With Connecticut Public Utilities Regulatory Authority (PURA) to Amend Rates
The Connecticut Water Company (Connecticut Water), a wholly owned subsidiary of SJW Group (NYSE: SJW), announced the filing today of an application to amend customer rates with the Connecticut Public Utilities Regulatory Authority (PURA).
Jan 12, 2021 06:00 pm ET
San Jose Water Files General Rate Case Application Focused On Infrastructure Replacement and Water Quality Projects
San Jose Water Company (San Jose Water), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced the filing of its 2021 General Rate Case (GRC) application with the California Public Utilities Commission (CPUC).
Nov 04, 2020 06:00 pm ET
SJW Group Announces 2020 Third Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the third quarter ended September 30, 2020. SJW Group net income was $26.1 million for the quarter ended September 30, 2020, compared to $9.5 million for the same period in 2019. Diluted earnings per share were $0.91 and $0.33 for the quarters ended September 30, 2020 and 2019, respectively. Diluted earnings per share in 2020 includes $0.92 per share from ongoing operations offset by non-recurring expenses related to COVID-19 of $319,000 (net of tax) or $0.01 per share. Diluted earnings per share in 2019 includes $0.60 per share from o
Oct 28, 2020 06:30 pm ET
SJW Group Announces Quarterly Dividend
The Directors of SJW Group (NYSE:SJW) today declared a quarterly cash dividend on common stock of $0.32 per share. The dividend is payable on Dec. 1 to shareholders of record at the close of business on Nov. 9. This quarterly dividend represents an annualized dividend of $1.28 per share. The company’s annual dividend yield at the stock market closing price on Oct. 27 was 2.0%.
Oct 23, 2020 05:00 pm ET
SJW Group Sets Date for Release of Third-Quarter 2020 Financial Results
SJW Group (NYSE:SJW) today announced that the company will release its third-quarter 2020 financial results after the close of the market on Nov. 4, 2020. Eric W. Thornburg, chairman of the board, president and chief executive officer, and James P. Lynch, chief financial officer and treasurer, will review the results in a live webcast presentation at 8:00 a.m. PT, 11:00 a.m. ET on Nov. 5, 2020.
Oct 13, 2020 06:00 pm ET
SJW Group Announces That Its Texas Subsidiary Has Filed an Application To Acquire the Clear Water Estates Water System in Canyon Lake, Texas
SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as Canyon Lake Water Service Company, is planning to acquire the Clear Water Estates Water System in Canyon Lake, Texas. The companies have filed an application with the Public Utilities Commission of Texas (“PUCT”) for approval of the transaction. This will be the first application to the PUCT to request treatment under Texas’s new Fair Market Value legislation.
Aug 06, 2020 06:30 pm ET
SJW Group Announces 2020 Second Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2020. SJW Group net income was $19.7 million for the quarter ended June 30, 2020, compared to $13.5 million for the same period in 2019. Diluted earnings per share were $0.69 and $0.47 for the quarters ended June 30, 2020 and 2019, respectively. Diluted earnings per share in 2020 includes $0.72 per share from ongoing operations offset by non-recurring expenses related to COVID-19 related reserves and expenses of $731,000 (net of tax) or $0.03 per share. Diluted earnings per share in 2019 includes $0.47
Jul 29, 2020 06:00 pm ET
SJW Group Announces Quarterly Dividend
The Directors of SJW Group (NYSE:SJW) today declared a quarterly dividend on common stock of $0.32 per share. The dividend is payable on September 1, 2020, to shareholders of record on August 10, 2020. This marks the 308th consecutive dividend payment by the company. For 53 consecutive years, SJW Group stockholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange.
Jul 22, 2020 06:00 pm ET
SJW Group Sets Date for Release of Second Quarter 2020 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its second quarter 2020 financial results after the close of the market on August 6, 2020. Eric W. Thornburg, Chairman of the Board, President and Chief Executive Officer, and James P. Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 8:00 A.M. (PT), 11:00 A.M (ET) on August 7, 2020.
May 20, 2020 04:30 pm ET
Carl Guardino Joins SJW Group Board of Directors
SJW Group (NYSE: SJW) has appointed Carl Guardino to the company’s board of directors effective May 19, 2020.
May 04, 2020 06:41 pm ET
SJW Group Announces 2020 First Quarter Financial Results and Updates 2020 Guidance
SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March 31, 2020. SJW Group net income was $2.4 million for the quarter ended March 31, 2020, compared to $5.9 million for the same period in 2019. Diluted earnings per share were $0.08 and $0.21 for the quarters ended March 31, 2020 and 2019, respectively. Diluted earnings per share in 2020 includes $0.15 per share from ongoing operations offset by non-recurring expenses related to the Connecticut Water Service, Inc. ("CTWS") merger and integration fees of $1.3 million (net of tax) or $0.05 per share and COVID-19
Apr 29, 2020 08:00 pm ET
SJW Group Announces Quarterly Dividend
The Directors of SJW Group (NYSE:SJW) today declared a quarterly dividend on common stock of $0.32 per share. The dividend is payable on June 1, 2020, to shareholders of record on May 11, 2020. This marks the 307th consecutive dividend payment by the company. For 53 consecutive years, SJW Group stockholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange.
Apr 22, 2020 06:00 pm ET
SJW Group Sets Date for Release of First Quarter 2020 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its first quarter 2020 financial results after the close of the market on May 4, 2020. Eric W. Thornburg, Chairman of the Board, President and Chief Executive Officer, and James P. Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 8:00 A.M. (PT), 11:00 A.M (ET) on May 5, 2020.
Mar 19, 2020 09:00 am ET
SJW Group Announces Change of Location for the 2020 Annual Meeting of Stockholders
SJW Group (NYSE: SJW) today provided notice of a change in the location for the Company’s 2020 Annual Meeting of Stockholders via the filing of additional proxy materials with the SEC.
Mar 12, 2020 06:00 pm ET
SJW Group Announces Postponement of San Jose Water’s Cost of Capital Filing
SJW Group (NYSE: SJW) announced today that its wholly owned subsidiary, San Jose Water, along with three other California water utilities (the “Joint Parties”) received a letter dated March 11, 2020 from the Executive Director of the California Public Utilities Commission (“CPUC”) granting the Joint Parties’ request to postpone their scheduled 2020 Cost of Capital (“COC”) filings to May 1, 2021.
Feb 26, 2020 07:39 pm ET
SJW Group Announces 2019 Annual and Fourth Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the annual and fourth quarter ended December 31, 2019.
Feb 14, 2020 04:04 pm ET
CORRECTING and REPLACING SJW Group Sets Date for 2019 Full-year and Fourth Quarter Results Announcement
Webcast presentation time in first paragraph, second sentence of release dated February 13, 2020 was changed to: 11:00 A.M. (PT), 2:00 P.M (ET).
Feb 13, 2020 08:00 pm ET
SJW Group Sets Date for 2019 Full-year and Fourth Quarter Results Announcement
SJW Group (NYSE: SJW) will release its 2019 full-year and fourth quarter financial results after the close of the market on February 26, 2020. President, Chief Executive Officer and Board Chairman Eric Thornburg and James Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 7:00 A.M. (PT), 10:00 A.M (ET) on February 27, 2020.
Feb 12, 2020 06:00 pm ET
SJW Group Announces Release of 2019 Corporate Sustainability Report
SJW Group (SJW) (NYSE: SJW) announced today that it has issued its 2019 Corporate Sustainability Report, Source to Tap. The report demonstrates that the Company and its employees are delivering on their long-standing commitment to sustainability. SJW believes that all water is local, and environmental stewardship efforts guide every decision throughout the organization.
Jan 29, 2020 06:00 pm ET
SJW Group Announces 2020 Dividend Increase
SJW Group (NYSE: SJW) today announced that the Board of Directors approved an increase in the 2020 annual dividend over total dividends paid in 2019 of 6.7% or $0.08 per share to $1.28 per share. A quarterly dividend of $0.32 per share is payable on March 2, 2020, to shareholders of record at the close of business on February 10, 2020.
Jan 22, 2020 06:00 pm ET
San Jose Water Announces Community Donations of Nearly 225k in 2019
San Jose Water (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that it donated nearly $225,000 to local non-profits, community organizations, and other philanthropic entities in 2019, a 34% increase over 2018. Monetary donations are funded by Company shareholders.
Dec 19, 2019 06:00 pm ET
San Jose Water Announces CPUC Decision on WCMA Recovery
San Jose Water, a wholly owned subsidiary of SJW Group (NYSE: SJW), today was denied recovery of its 2018 Water Conservation Memorandum Account (WCMA) balance by the California Public Utilities Commission (CPUC). In making its filing, the company believed the recovery was supported by CPUC and State policies, along with past CPUC decisions approving recoveries for San Jose Water for the years 2014-2017.
Dec 06, 2019 03:30 pm ET
San Jose Water Files Application for Investment in Advanced Metering Infrastructure
San Jose Water, a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today it has filed an application with the California Public Utilities Commission (CPUC) to deploy Advanced Metering Infrastructure (AMI) throughout its service area. AMI technology includes advanced meters that can take up to hourly readings daily, along with a data transmission system to provide water usage information to customers in near real time. Currently, meter reads are performed manually and are provided to most customers once every two months as part of their bill.
Nov 06, 2019 06:00 pm ET
SJW Group Appoints Three Former CTWS Directors to its Board
SJW Group (NYSE: SJW) has appointed Carol P. Wallace, Mary Ann Hanley and Heather Hunt to the company’s board of directors effective October 9, 2019. All three women served on the board of Connecticut Water Service, Inc. (CTWS), which recently merged with SJW Group.
Nov 05, 2019 06:00 pm ET
San Jose Water Provides Disaster Relief Customer Protections
San Jose Water, a wholly owned subsidiary of SJW Group (NYSE: SJW), now provides disaster relief protections to support customers who fall victim to unpredictable emergencies. If someone loses a home, business or property due to a disaster declared by the state or federal government, the company will offer certain case-specific financial assistance, including waiving bills and automatically closing accounts. The new program also offers support to residents who experience more temporary disaster impacts.
Oct 31, 2019 09:00 am ET
Maureen P. Westbrook Named President of Connecticut Water Service
SJW Group (NYSE: SJW) (“SJW Group”) today announced that its wholly owned subsidiary, Connecticut Water Service, Inc., has selected Maureen P. Westbrook to become president of Connecticut Water Service effective Dec. 1, 2019. Connecticut Water Service comprises SJW Group’s New England region and provides water service to a population of nearly 450,000 in 80 communities in Connecticut and Maine through its operating utility companies Connecticut Water, Avon Water, Heritage Village and Maine Water. Westbrook will be the president of the Connecticut utilities, and Rick Knowlton will continue to s
Oct 30, 2019 06:00 pm ET
SJW Group Announces 2019 Third Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the third quarter ended September 30, 2019. SJW Group net income was $9.5 million for the quarter ended September 30, 2019, compared to $15.8 million for the same period in 2018. Diluted earnings per share were $0.33 and $0.76 for the quarters ended September 30, 2019 and 2018, respectively. Diluted earnings per share in 2019 includes $0.67 per share from recurring operations offset by $0.29 per share related to a reserve recorded against our 2018 and 2019 Water Conservation Memorandum Account ("WCMA") balances as we determined we no l
Oct 29, 2019 06:17 pm ET
San Jose Water’s Andy Gere Named Chairman of the NAWC Board of Directors
San Jose Water, a wholly-owned subsidiary of SJW Group, today announced that its President and Chief Operating Officer, Andy Gere, has been named Chairman of the National Association of Water Companies (NAWC) for 2020. Gere previously held the role of Vice Chairman.
Oct 17, 2019 07:30 pm ET
SJW Group Sets Date for Release of Third Quarter 2019 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its third quarter 2019 financial results after the close of the market on October 30, 2019. Eric W. Thornburg, Chairman of the Board, President and Chief Executive Officer and James P. Lynch, Chief Financial Officer and Treasurer will review the results in a webcast presentation at 10:00 AM (PT) on October 31, 2019.
Oct 09, 2019 04:05 pm ET
SJW Group and Connecticut Water Complete Combination to Create Leading Pure Play Water and Wastewater Utility
SJW Group (NYSE: SJW) (“SJW Group”) and Connecticut Water Service, Inc. (“Connecticut Water”) today announced the close of their merger. The combined company, SJW Group, is the third-largest investor-owned pure play water and wastewater utility based on rate base in the United States, serving nearly 1.5 million people across California, Connecticut, Maine and Texas. In connection with the closing of the transaction, Connecticut Water is now a wholly owned subsidiary of SJW Group, and Connecticut Water’s common shares have ceased trading on the NASDAQ stock exchange.
Jul 24, 2019 06:30 pm ET
SJW Group Announces 2019 Second Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2019. SJW Group net income was $13.5 million for the quarter ended June 30, 2019, compared to $12.9 million for the same period in 2018. Diluted earnings per share were $0.47 and $0.62 for the quarters ended June 30, 2019 and 2018, respectively. Diluted earnings per share in 2019 includes $0.58 per share from recurring operations offset by $0.06 per share related to a settlement of the company's Order Instituting Investigation ("OII") proceeding with the California Public Utilities Commission ("CPUC")
Jul 10, 2019 06:00 pm ET
SJW Group Sets Date for Release of Second Quarter 2019 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its second quarter 2019 financial results after the close of the market on July 24, 2019. Eric W. Thornburg, Chairman of the Board, President and Chief Executive Officer, and James P. Lynch, Chief Financial Officer and Treasurer, will review the results in a webcast presentation at 10:00 A.M. (PT) on July 25, 2019.
May 03, 2019 06:42 pm ET
Maine Water Company Files New Application for Reorganization with the Maine Public Utilities Commission for Approval of Proposed Merger of Its Parent Company, Connecticut Water Service with SJW Group
Connecticut Water Service, Inc. (NASDAQ: CTWS) (“Connecticut Water”) and
SJW Group (NYSE: SJW) (“SJW Group”) today announced that the Maine Water
Company (“Maine Water”), an operating subsidiary of Connecticut Water,
has filed a new application with the Maine Public Utilities Commission
(“MPUC”) seeking approval of the previously announced merger of
Connecticut Water and SJW Group. The new application shows that the
merger provides immediate and long-term customer benefits, protects
jobs, and serves the interests of Maine Water’s customers, empl
Apr 24, 2019 06:00 pm ET
SJW Group Announces 2019 First Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the first
quarter ended March 31, 2019. SJW Group net income was $5.9 million for
the quarter ended March 31, 2019, compared to $1.3 million for the same
period in 2018. Diluted earnings per share were $0.21 and $0.06 for the
quarters ended March 31, 2019 and 2018, respectively. Diluted earnings
per share in 2019 includes $0.28 per share from recurring operations
offset by $0.07 per share related to the company's activities around the
proposed merger with Connecticut Water Service, Inc (
Apr 11, 2019 06:30 pm ET
SJW Group Sets Date for Release of First Quarter 2019 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its
first quarter 2019 financial results after the close of the market on
April 24, 2019. Eric W. Thornburg, Chairman of the Board, President and
Chief Executive Officer, and James P. Lynch, Chief Financial Officer and
Treasurer, will review the results in a webcast presentation at 10:00
A.M. (PT) on April 25, 2019.
Apr 05, 2019 08:00 pm ET
Report: Developing Opportunities within Church & Dwight Co., Newpark Resources, Catalent, SJW Group, Entravision Communications, and LRAD — Future Expectations, Projections Moving into 2019
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Church & Dwight Co., Inc. (NYSE:CHD), Newpark Resources, Inc....
Apr 03, 2019 02:26 pm ET
SJW Group and Connecticut Water Service File New Merger Approval Application with Connecticut Public Utilities Regulatory Authority
SJW Group (NYSE: SJW) (“SJW Group”) and Connecticut Water Service, Inc.
(NASDAQ: CTWS) (“Connecticut Water”) today announced that they have
jointly filed a new application with the Connecticut Public Utilities
Regulatory Authority (“PURA”) for approval of the merger of SJW Group
and Connecticut Water. The new application offers a comprehensive set of
commitments and additional supporting evidence that the companies
believe are responsive to PURA’s previous concerns, demonstrate that
their combination is in the public interest and show that the
Feb 20, 2019 06:30 pm ET
SJW Group Announces 2018 Annual and Fourth Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the annual
and fourth quarter ended December 31, 2018. SJW Group net income was
$38.8 million for the year ended December 31, 2018, compared to $59.2
million for the same period in 2017. Diluted earnings per share were
$1.82 and $2.86 for the years ended December 31, 2018 and 2017,
respectively. Diluted earnings per share in 2018 includes $2.51 per
share from recurring operations offset by $0.69 per share related to the
company's activities around the proposed merger with Connecticut Wat
Feb 14, 2019 07:29 pm ET
SJW Group Announces Release of 2018 Corporate Sustainability Report
SJW Group (NYSE: SJW), the parent company of San Jose Water – the
largest retail provider of high-quality, safe, and reliable water
service in Santa Clara County – and SJWTX, Inc., doing business as
Canyon Lake Water Service Company in the Texas Hill Country, announced
today it has issued its inaugural Corporate Sustainability Report,
covering its industry leading sustainability measures in 2018.
Jan 30, 2019 06:30 pm ET
SJW Group Announces 2019 Dividend Increase and Sets Date for 2018 Full-Year and Fourth Quarter Results Announcement
SJW Group (NYSE: SJW) today announced that the Board of Directors
approved an increase in the 2019 annual dividend over total dividends
paid in 2018 of 7.1% or $0.08 per share to $1.20 per share. A quarterly
dividend of $0.30 per share is payable on March 1, 2019, to shareholders
of record at the close of business on February 11, 2019.
Jan 28, 2019 08:10 am ET
Report: Developing Opportunities within Yum! Brands, Interactive Brokers Group, Pure Storage, SJW Group, Health Insurance Innovations, and Agilysys — Future Expectations, Projections Moving into 2019
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Yum! Brands, Inc. (NYSE:YUM), Interactive Brokers Group, Inc....
Jan 23, 2019 06:57 am ET
Maine Water Company Voluntarily Withdraws its Application for Reorganization in Maine to Align with Regulatory Approach in Connecticut in Connection with Proposed Merger of SJW Group and Connecticut W
SJW Group (NYSE:SJW) (“SJW Group”) and Connecticut Water Service, Inc.
(NASDAQ: CTWS) (“Connecticut Water” or “CTWS”), the parent company of
the Maine Water Company (“Maine Water”), announced today, consistent
with the companies’ previously announced evaluation of the regulatory
approach in Connecticut for the proposed merger of SJW Group and CTWS,
that Maine Water voluntarily requested to withdraw its application
before the Maine Public Utilities Commission. The companies noted that
the withdrawal is without prejudice and they reserve the right
Jan 09, 2019 11:03 am ET
SJW Group and Connecticut Water Continue to Evaluate Regulatory Approach in Connection with Proposed Merger and Withdraw Connecticut PURA Application
SJW Group (NYSE:SJW) (“SJW Group”) and Connecticut Water Service, Inc.
(NASDAQ:CTWS) (“Connecticut Water” or “CTWS”) announced today that they
are continuing to evaluate their regulatory approach – including the
possibility of submitting a new application to the Connecticut Public
Utilities Regulatory Authority (“PURA”) – in connection with their
proposed merger. Pending this review, they have withdrawn their current
application before PURA.
Jan 04, 2019 02:58 pm ET
SJW Group Issues Statement about Connecticut Public Utilities Regulatory Authority Ruling
SJW Group (NYSE:SJW) today issued the following statement in response to
the ruling by the Connecticut Public Utilities Regulatory Authority
(“PURA”) to deny the request of SJW Group and Connecticut Water Service,
Inc. (NASDAQ: CTWS) (“Connecticut Water”) to reopen the record and grant
an extension of time to submit the additional evidence for PURA’s review
of SJW’s proposed merger with Connecticut Water:
Dec 05, 2018 08:13 pm ET
SJW Group Issues Statement About Continuing Review Process with Connecticut Public Utilities Regulatory Authority
SJW Group (NYSE: SJW) today issued the following statement in response
to the decision by the Connecticut Public Utilities Regulatory Authority
(“PURA”) to accept the joint request of SJW Group and Connecticut Water
Service, Inc. (NASDAQ: CTWS) (“Connecticut Water”) for additional time
for PURA’s continuing review of SJW Group’s proposed merger with
Connecticut Water:
Dec 03, 2018 11:04 pm ET
SJW Group Issues Statement in Response to Proposed Decision by Connecticut Public Utilities Regulatory Authority
SJW Group (NYSE: SJW) today issued the following statement in response
to the proposed decision by the Connecticut Public Utilities Regulatory
Authority (PURA) about SJW Group’s merger agreement with Connecticut
Water Service, Inc. (NASDAQ: CTWS) (Connecticut Water):
Nov 29, 2018 04:15 pm ET
SJW Group Announces the California Public Utilities Commission’s Decision on San Jose Water’s General Rate Case
San Jose Water, a wholly owned subsidiary of SJW Group, (NYSE:SJW)
announced that earlier today the California Public Utilities Commission
(“CPUC”) issued its decision on San Jose Water’s general rate case for
the years 2019 through 2021.
Nov 28, 2018 06:32 pm ET
SJW Group Announces Pricing of Offering of Common Stock
SJW Group (NYSE: SJW) (“SJW”) announced today that it has priced its
previously announced underwritten public offering of 6,750,000 shares of
its common stock, par value $0.001 per share, at a price of $55.00 per
share, for aggregate gross proceeds of approximately $371.3 million. The
offering is expected to close on or about December 3, 2018, subject to
customary closing conditions. SJW has also granted the underwriters a
30-day option to purchase up to an additional 1,012,500 shares of its
common stock.
Nov 26, 2018 04:15 pm ET
SJW Group Announces Proposed Offering of Common Stock
SJW Group (NYSE:SJW) (“SJW”) announced today that it has commenced an
underwritten public offering of 6,750,000 shares of its common stock,
par value $0.001 per share, subject to market and other conditions. SJW
also intends to grant the underwriters a 30-day option to purchase up to
an additional 1,012,500 shares of its common stock.
Nov 16, 2018 01:54 pm ET
Connecticut Water Shareholders Approve SJW Group Merger Agreement
CLINTON, Conn., Nov. 16, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that its shareholders overwhelmingly voted to approve the Company's proposed merger agreement with SJW Group (NYSE: SJW) at the Special Meeting of Shareholders held today.
Nov 14, 2018 07:55 am ET
Analysis: Positioning to Benefit within Harvest Capital Credit, Zynga, Unique Fabricating, SJW Group, Liquidia Technologies, and Rave Restaurant Group — Research Highlights Growth, Revenue, and Consol
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Harvest Capital Credit Corporation (NASDAQ:HCAP), Zynga Inc....
Nov 12, 2018 04:45 pm ET
San Jose Water Wins NARUC Water Industry Innovation Award
The National Association of Regulatory and Utility Commissioners (NARUC)
has recognized San Jose Water, a subsidiary of SJW Group (NYSE: SJW), as
this year’s water industry innovator.
Nov 08, 2018 06:00 am ET
Second Leading Independent Proxy Advisory Firm Recommends Connecticut Water Shareholders Vote "FOR" the SJW Group Transaction
CLINTON, Conn., Nov. 8, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that leading independent proxy advisory firm Glass, Lewis & Co. ("Glass Lewis") has joined Institutional Shareholder Services Inc. ("ISS") in recommending that Connecticut Water shareholders vote "FOR" the transaction with SJW Group (NYSE: SJW) on the GREEN proxy card.
Nov 05, 2018 03:45 pm ET
Leading Independent Proxy Advisory Firm ISS Recommends Connecticut Water Shareholders Vote "FOR" the SJW Group Transaction
CLINTON, Conn., Nov. 5, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. ("ISS") recommends that Connecticut Water shareholders vote "FOR" the transaction with SJW Group (NYSE: SJW) on the GREEN proxy card.
Oct 24, 2018 06:00 pm ET
SJW Group Announces 2018 Third Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the third
quarter ended September 30, 2018. SJW Group net income was $15.8 million
for the quarter ended September 30, 2018, compared to $19.5 million for
the same period in 2017. Diluted earnings per share were $0.76 and $0.94
for the quarters ended September 30, 2018 and 2017, respectively.
Diluted earnings per share includes $1.08 per share from recurring
operations offset by $0.32 per share related to the company's activities
around the proposed combination with Connecticut Water Ser
Oct 17, 2018 07:03 am ET
Connecticut Water Posts Instructional Video on How to Vote "FOR" the SJW Group Transaction
CLINTON, Conn., Oct. 17, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today posted a video showing how Connecticut Water shareholders can vote with the GREEN proxy card "FOR" the transaction with SJW Group (NYSE: SJW). The video is available under the "How to Vote" tab on www.sjw-ctws.com and http://ir.ctwater.com.
Oct 15, 2018 07:00 am ET
Connecticut Water Sends Letter to Shareholders
CLINTON, Conn., Oct. 15, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today sent a letter to shareholders in connection with the previously announced transaction with SJW Group (NYSE: SJW). The Special Meeting of Connecticut Water Shareholders to vote on the transaction will be held on November 16, 2018.
Oct 10, 2018 06:00 pm ET
SJW Group Sets Date for Release of Third Quarter 2018 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its
third quarter 2018 financial results after the close of the market on
October 24, 2018. Eric W. Thornburg, Chairman of the Board, President
and Chief Executive Officer and James P. Lynch, Chief Financial Officer
and Treasurer will review the results in a webcast presentation at 10:00
AM (PT) on October 25, 2018.
Oct 02, 2018 06:14 am ET
Connecticut Water Files Definitive Proxy Materials and Mails Letter Urging Shareholders to Vote "FOR" SJW Group Transaction at Special Meeting of Shareholders on November 16, 2018
CLINTON, Conn., Oct. 2, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission ("SEC") and is mailing a letter to shareholders in connection with the Special Meeting of Connecticut Water Shareholders to vote on the previously announced transaction with SJW Group (NYSE: SJW). The Connecticut Water Service Board of Directors unanimously recommends that shareholders "go green" and vote "FOR" the proposal to approve the SJW Group merger agreement as well as all other proposa
Sep 17, 2018 08:30 am ET
San Jose Water Issues Statement Regarding California Public Utilities Commission’s Order Instituting Investigation about Past Billing Practice Used in Implementing Service Charge Rate Changes
San Jose Water Company (“San Jose Water”), a wholly owned subsidiary of
SJW Group (“SJW”) (NYSE: SJW), issued the following statement in
response to the California Public Utilities Commission’s (“CPUC”)
recently issued Order Instituting Investigation (I.) 18-09-003 into San
Jose Water’s past billing practice used in implementing service charge
rate changes:
Aug 27, 2018 08:10 am ET
New Research: Key Drivers of Growth for HealthStream, Cabot Oil & Gas, Peabody Energy, CPI Card Group, DXP Enterprises, and SJW — Factors of Influence, Major Initiatives and Sustained Production
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of HealthStream, Inc. (NASDAQ:HSTM), Cabot Oil Gas Corporation (NYSE:COG),...
Aug 17, 2018 07:38 am ET
SJW Group Board of Directors Rejects California Water Service Group’s Revised Proposal
SJW Group (NYSE: SJW) today announced that its Board of Directors
rejected the revised proposal announced on August 13, 2018, by
California Water Service Group (NYSE: CWT) (“Cal Water”) to acquire all
outstanding shares of SJW Group common stock for $70.00 per share in
cash, a 2.6% increase (or a 1.9% increase on an enterprise value basis)
from Cal Water’s previous offer of $68.25 per share.
Aug 13, 2018 05:59 pm ET
SJW Group Confirms Receipt of Revised Proposal from California Water Service Group; Stockholders Advised to Take No Action at this Time
SJW Group (NYSE:SJW) today confirmed that California Water Service Group
(NYSE:CWT) (“Cal Water”) has submitted a revised proposal to acquire all
outstanding shares of SJW Group common stock for $70.00 per share in
cash, an increase of $1.75 per share, or approximately 2.6%, from Cal
Water’s previously proposed price of $68.25 per share.
Aug 08, 2018 07:30 am ET
SJW Group Stockholders Representing More Than 31% of Shares Outstanding Express Support For SJW Group’s Revised Transaction with Connecticut Water
SJW Group (NYSE: SJW) today announced that members of the Moss family,
stockholders who in aggregate own more than 31% of the company’s
outstanding shares, have expressed support for the combination with
Connecticut Water Service, Inc. (NASDAQ: CTWS) (“Connecticut Water”)
under the revised terms announced August 6, 2018.
Aug 06, 2018 07:30 am ET
SJW Group and Connecticut Water Amend Agreement; SJW Group to Acquire All Connecticut Water Shares for $70.00 per Share in Cash
SJW Group (NYSE: SJW) (“SJW Group”) and Connecticut Water Service, Inc.
(NASDAQ: CTWS) (“Connecticut Water”) today announced that they have
amended the terms of their previously announced merger agreement from a
stock-for-stock transaction to an all-cash acquisition of all
outstanding common shares of Connecticut Water by SJW Group for $70.00
per Connecticut Water common share. The cash transaction, which has a
value of $1.1 billion and an equity purchase price of $843 million, is
expected to be immediately accretive to SJW Group’s earnings per
Jul 25, 2018 06:13 pm ET
SJW Group Announces 2018 Second Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the second
quarter ended June 30, 2018. SJW Group net income was $12.9 million for
the quarter ended June 30, 2018, compared to $18.7 million for the same
period in 2017. Diluted earnings per share were $0.62 and $0.90 for the
quarters ended June 30, 2018 and 2017, respectively. Diluted earnings
per share includes $0.72 per share from recurring operations offset by
$0.10 per share related to the Company’s activities around the proposed
merger with Connecticut Water Service, Inc.
Jul 20, 2018 01:00 pm ET
SJW Group and Connecticut Water File New Application with Connecticut Public Utilities Regulatory Authority for Approval of Merger of Equals
Companies Moving Forward to Secure Required Approvals for Planned Close During Fourth Quarter 2018Combined Company Will Be a Leading, Pure-Play Water Company with the Scale, Management, Financial Strength and Geographic Diversity to Excel...
Jul 16, 2018 12:50 pm ET
Connecticut Water Service Clarifies Mischaracterization of Eversource's Inferior Acquisition Proposal
CLINTON, Conn., July 16, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today issued the following statement regarding recent mischaracterizations of Eversource Energy's (NYSE: ES) July 2, 2018 acquisition proposal. The Eversource proposal is to acquire all of the outstanding shares of Connecticut Water common stock for $64.00 per share in cash and/or in Eversource common stock at the election of Connecticut Water shareholders:
Jul 13, 2018 03:09 pm ET
SJW Group Clarifies Anticipated Regulatory Timeline to Complete Merger with Connecticut Water
SJW Group (NYSE: SJW) today issued the following statement to clarify
the anticipated regulatory timeline to complete its merger with
Connecticut Water Service, Inc. (NASDAQ: CTWS) (“Connecticut Water”):
Jul 13, 2018 06:45 am ET
Connecticut Water Service Confirms Receipt and Evaluation of Revised Acquisition Proposal from Eversource Energy
Eversource's Revised $64.00 Per Share Proposal Represents a Less Than 1% Increase from Previously Rejected $63.50 Per Share Proposal
Jul 12, 2018 03:26 pm ET
SJW Group Committed to Supporting California Public Utilities Commission’s Order Instituting Investigation of Merger with Connecticut Water
SJW Group (NYSE: SJW) is committed to supporting the California Public
Utilities Commission’s (CPUC) decision – confirmed today by the CPUC –
to issue an Order Instituting Investigation (“OII”) of SJW Group’s
merger with Connecticut Water Service, Inc. (NASDAQ: CTWS) (“Connecticut
Water”). The OII is a fact-finding initiative by which the CPUC will
determine whether the transaction is subject to its review.
Jul 11, 2018 05:00 pm ET
SJW Group Sets Date for Release of Second Quarter 2018 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its
second quarter 2018 financial results after the close of the market on
July 25, 2018. Eric W. Thornburg, Chairman of the Board, President and
Chief Executive Officer, and James P. Lynch, Chief Financial Officer and
Treasurer, will review the results in a webcast presentation at 10:00
A.M. (PT) or 1:00 P.M. (ET) on July 26, 2018.
Jul 02, 2018 04:30 pm ET
SJW Group Completes Deer Creek Ranch Water System Acquisition
SJW Group (NYSE:SJW) today announced that SJWTX, Inc., a wholly owned
subsidiary of SJW Group based in New Braunfels, Texas, has completed its
acquisition of the Deer Creek Ranch Water Co., LLC’s water system. In
2017, SJWTX, Inc. entered into an agreement to purchase the water system
assets. SJWTX, Inc., operates as Canyon Lake Water Service Company in
New Braunfels about 40 miles south of Deer Creek Ranch’s service area.
Jun 25, 2018 08:15 am ET
Market Trends Toward New Normal in Tredegar, Express, Cleveland-Cliffs, SJW, Preformed Line Products, and Xcel Energy — Emerging Consolidated Expectations, Analyst Ratings
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Tredegar Corporation (NYSE:TG), Express, Inc. (NYSE:EXPR),...
Jun 18, 2018 02:45 pm ET
SJW Group Comments on Termination of Connecticut Water Go-Shop Process and Reiterates Its Support of the Merger with Connecticut Water
SJW Group (NYSE: SJW) today commented on the termination of Connecticut
Water Service, Inc.’s (NASDAQ: CTWS) (“Connecticut Water”) “go-shop”
process related to the merger with SJW Group.
Jun 18, 2018 09:08 am ET
Connecticut Water Service Provides Update on Go-Shop Process
CLINTON, Conn., June 18, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that the deadline to submit non-binding indicative proposals under the Company's previously announced "go-shop" process has expired and that no proposals or indications of interest were received.
Jun 15, 2018 08:00 am ET
SJW Group Board of Directors Unanimously Rejects California Water Service Group’s Unsolicited Cash Tender Offer
SJW Group (NYSE: SJW) (the “Company”) today announced that its Board of
Directors, following a careful and thorough review in consultation with
SJW Group’s management as well as legal and financial advisors
consistent with its fiduciary duties, unanimously rejected the
highly-conditional unsolicited tender offer made by California Water
Service Group (NYSE: CWT) (“Cal Water”) to acquire all outstanding
shares of SJW Group at a price of $68.25 per share in cash. The Board
recommends that SJW Group shareholders NOT tender their shares into Cal
Jun 07, 2018 10:59 am ET
SJW Group Advises Stockholders to Take No Action in Response to California Water Service Group’s Unsolicited Cash Tender Offer
SJW Group (NYSE: SJW) today confirmed that California Water Service
Group (NYSE: CWT) (“Cal Water”) has commenced an unsolicited tender
offer (“Offer”) to acquire all outstanding shares of SJW Group common
stock for $68.25 per share in cash.
Jun 06, 2018 09:05 am ET
Connecticut Water Service Affirms Commitment to Robust Go-Shop Process with Level Playing Field for All Participants
CLINTON, Conn., June 6, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today issued the following statement:
Jun 04, 2018 08:30 am ET
SJW Group Board of Directors Mails Important Message to Fellow SJW Group Stockholders
SJW Group (NYSE:SJW) today announced that its Board of Directors mailed
an important message to its fellow SJW Group stockholders regarding SJW
Group’s Merger of Equals with Connecticut Water Service, Inc.
(NASDAQ:CTWS) (“Connecticut Water”). The message, which is included in
its entirety below, urges stockholders to discard all materials from
California Water Service Group (NYSE:CWT) (“Cal Water”).
May 31, 2018 04:10 pm ET
SJW Group Comments on Amended Merger Agreement with Connecticut Water
SJW Group (NYSE: SJW) today issued the following statement regarding its
amended merger agreement with Connecticut Water Service, Inc. (NASDAQ:
CTWS) (“Connecticut Water”):
May 31, 2018 08:00 am ET
Connecticut Water Service Announces Amendment to Merger Agreement with SJW Group to Allow for Solicitation of Alternative Proposals
CLINTON, Conn., May 31, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that it and SJW Group (NYSE: SJW) have amended the terms of the companies' merger agreement.
May 11, 2018 07:00 am ET
SJW Group Board of Directors Issues Letter to Fellow SJW Group Stockholders
SJW Group (NYSE: SJW) today announced that its Board of Directors will
be sending a letter to its fellow SJW Group stockholders regarding SJW
Group’s Merger of Equals with Connecticut Water Service, Inc. (NASDAQ:
CTWS) (“Connecticut Water”). The letter, which is included below, urges
stockholders to consider the facts regarding SJW Group’s merger of
equals with Connecticut Water.
May 07, 2018 04:30 pm ET
SJW Group and Connecticut Water File Applications with Connecticut Public Utilities Regulatory Authority and Maine Public Utilities Commission for Approval of Merger of Equals
SJW Group (NYSE: SJW) and Connecticut Water Service, Inc. (NASDAQ: CTWS)
(“Connecticut Water”) today announced that applications for the approval
of their merger of equals were filed on Friday, May 4, 2018, with the
Connecticut Public Utilities Regulatory Authority (“PURA”) and the Maine
Public Utilities Commission (“MPUC”). This brings the transaction one
step closer toward a successful close, which is expected to take place
during the fourth quarter of 2018.
May 04, 2018 08:20 am ET
New Research: Key Drivers of Growth for Global Medical REIT, DXP Enterprises, SJW, FTI Consulting, Anthera Pharmaceuticals, and Alexandria Real Estate Equities — Factors of Influence, Major Initiative
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Global Medical REIT Inc. (NYSE:GMRE), DXP Enterprises, Inc. (NASDAQ:DXPE),...
May 02, 2018 04:53 pm ET
SJW Group Comments on Cal Water’s Proxy Contest and Reaffirms Commitment to Merger of Equals with Connecticut Water
SJW Group (NYSE:SJW) today commented on California Water Service Group’s
(NYSE: CWT) (“Cal Water”) launch of a proxy contest challenging SJW
Group’s merger of equals with Connecticut Water Service, Inc. (NASDAQ:
CTWS) (“Connecticut Water”).
Apr 30, 2018 07:30 am ET
SJW Group and Connecticut Water Announce Early Termination of Hart-Scott-Rodino Waiting Period for Merger of Equals
SJW Group (NYSE: SJW) and Connecticut Water Service, Inc. (NASDAQ: CTWS)
today announced that the Federal Trade Commission has granted early
termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, with respect to the companies’
merger of equals. The transaction, as previously announced on March 15,
2018, was unanimously approved by both companies’ boards of directors,
and remains on track to close during the fourth quarter of 2018.
Apr 28, 2018 11:30 am ET
Connecticut Water Issues Statement Regarding Eversource Energy's Intention to Launch Distracting Proxy Contest
CLINTON, Conn., April 28, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today noted the announcement that Eversource Energy (NYSE: ES) intends to launch a proxy contest in connection with the Company's pending merger with SJW Group (NYSE: SJW).
Apr 26, 2018 10:59 am ET
SJW Group Rejects Unsolicited Non-Binding Indication of Interest from California Water Service Group
SJW Group (NYSE:SJW) confirmed today that it has rejected an
unsolicited, non-binding indication of interest it received from
California Water Service Group (NYSE: CWT) (“Cal Water”) regarding a
potential proposal to acquire all issued and outstanding shares of SJW
Group for $68.25 per share in cash.
Apr 25, 2018 09:00 pm ET
SJW Group Announces Quarterly Dividend
SJW Group (NYSE: SJW) today announced that the Board of Directors
declared a quarterly dividend on common stock of $0.28 per share. The
dividend is payable on June 1, 2018, to shareholders of record at the
close of business on May 7, 2018.
Apr 25, 2018 07:00 pm ET
SJW Group Announces 2018 First Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the first
quarter ended March 31, 2018. SJW Group net income was $1.3 million for
the quarter ended March 31, 2018, compared to $3.7 million for the same
period in 2017. Diluted earnings per share were $0.06 and $0.18 for the
quarters ended March 31, 2018 and 2017, respectively. Diluted earnings
per share includes $0.19 per share from recurring operations offset by
$0.13 per share related to the Company’s proposed merger with
Connecticut Water Company.
Apr 19, 2018 10:28 pm ET
SJW Group Remains Committed to Merger of Equals with Connecticut Water and its Potential to Create Significant Long-Term Value for Shareholders
SJW Group (NYSE: SJW) today issued the following statement regarding
Connecticut Water Service, Inc.’s (NASDAQ: CTWS) receipt and rejection
of an unsolicited, non-binding indication of interest from Eversource
Energy (NYSE: ES) regarding a potential proposal to acquire Connecticut
Water.
Apr 19, 2018 06:17 pm ET
Connecticut Water Confirms Receipt of Unsolicited Acquisition Proposal from Eversource Energy
CLINTON, Conn., April 19, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (NASDAQ: CTWS) today confirmed that after it entered into a definitive merger agreement with SJW Group (NYSE: SJW), the Company received a non-binding, unsolicited acquisition proposal from Eversource Energy (NYSE: ES) for $63.50 per share in cash and/or in Eversource common stock at the election of Connecticut Water shareholders.
Apr 13, 2018 07:00 pm ET
SJW Group Sets Date for Release of First Quarter 2018 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its
first quarter 2018 financial results after the close of the market on
April 25, 2018. Eric W. Thornburg, President and Chief Executive
Officer, and James P. Lynch, Chief Financial Officer and Treasurer, will
review the results in a webcast presentation at 10:00 A.M. (PT) on April
26, 2018.
Mar 21, 2018 07:50 am ET
Consolidated Research: 2018 Summary Expectations for First Foundation, Internap, Mercantile Bank, Diamond Hill Investment Group, MidWestOne Financial Group, and SJW — Fundamental Analysis, Key Perform
NEW YORK, March 21, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of First Foundation Inc. (NASDAQ:FFWM), Internap Corporation...
Mar 19, 2018 05:45 pm ET
CONNECTICUT WATER INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Connecticut Water Service, Inc.
NEW ORLEANS, March 19, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Connecticut Water Service, Inc. ("CWS" or the "Company") (NasdaqGS: CTWS) to SJW Group ("SJW") (NYSE: SJW). Under the terms of the proposed transaction, shareholders of CWS will receive only 1.1375 shares of SJW common stock for each share of CWS that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration unde
Mar 15, 2018 07:01 am ET
Connecticut Water Service, Inc. Reports 2017 Earnings
CLINTON, Conn., March 15, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (Nasdaq: CTWS) announced net income of $25.1 million, or earnings per basic average share (EPS) of $2.17, including a $0.13 per share negative impact from the Tax Cuts and Jobs Act passed in December of 2017, on total revenues of $113.8 million in 2017. Total revenues include revenues generated by the Company's three business segments: Water Operations, Service and Rentals, and Real Estate. In 2016, the Company had net income of $23.4 million, or $2.12 EPS, on total revenues of $105.3 million.
Mar 15, 2018 07:00 am ET
SJW Group And Connecticut Water Service, Inc. To Combine In All-Stock Transaction To Create Leading Water Utility Company
SAN JOSE, Calif. and CLINTON, Conn., March 15, 2018 /PRNewswire/ -- SJW Group (NYSE: SJW) and Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that both companies' boards of directors have unanimously approved a definitive agreement to combine through a merger of equals to create the 3rd largest investor-owned water and wastewater utility in the United States, based on pro forma enterprise value and combined rate base.
Feb 21, 2018 06:00 pm ET
SJW Group Announces 2017 Annual and Fourth Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the annual
and fourth quarter ended December 31, 2017. SJW Group net income was
$59.2 million for the year ended December 31, 2017, compared to $52.8
million for the same period in 2016. Diluted earnings per share were
$2.86 and $2.57 for the years ended December 31, 2017 and 2016,
respectively.
Jan 31, 2018 06:00 pm ET
SJW Group Announces 2018 Dividend Increase and Sets Date for 2017 Full-Year and Fourth Quarter Results Announcement
SJW Group (NYSE: SJW) today announced that the Board of Directors
approved an increase in the 2018 annual dividend over total dividends
paid in 2017 of 7.7% or $0.08 per share to $1.12 per share. A quarterly
dividend of $0.28 per share is payable on March 1, 2018, to shareholders
of record at the close of business on February 12, 2018.
Jan 18, 2018 07:35 am ET
Consolidated Research: 2018 Summary Expectations for Sucampo Pharmaceuticals, Hersha Hospitality Trust, Archrock, SJW, Franklin Financial Network, and Digi International — Fundamental Analysis, Key Pe
NEW YORK, Jan. 18, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP), Hersha Hospitality...
Nov 16, 2017 05:45 pm ET
SJW Group Announces Closing of the Sale of Texas Water Alliance Limited and Special Dividend
SJW Group (NYSE: SJW) today announced the closing of the sale of its
wholly-owned subsidiary, Texas Water Alliance Limited (“TWA”), to
Guadalupe-Blanco River Authority (“GBRA”). As previously disclosed, on
February 22, 2016, SJW Group entered into a Purchase and Sale Agreement
with GBRA, pursuant to which SJW Group agreed to sell TWA to GBRA for
$31,000,000. As provided in the Purchase and Sale Agreement, GBRA held
back $3,000,000 (“Holdback Amount”) from the payment of the purchase
price at the closing, which amount will be paid to SJW Group on
Nov 09, 2017 07:00 pm ET
SJW Group Agrees to Purchase Deer Creek Ranch Water System Assets
SJW Group (NYSE:SJW) today announced that SJWTX, Inc., doing business as
Canyon Lake Water Service Company, a wholly-owned subsidiary of SJW
Group, entered into an agreement to purchase Deer Creek Ranch Water Co.,
LLC’s water system assets. The system includes approximately 750 service
connections over an area of 1,191 acres in Hays and Travis counties on
the rapidly growing western fringe of the Austin metropolitan area and
is located about 40 miles north of SJWTX, Inc.’s existing water system
in Comal County. The agreement is subject to custom
Oct 25, 2017 06:00 pm ET
SJW Group Announces 2017 Third Quarter Financial Results
SJW Group (NYSE: SJW) today reported financial results for the third
quarter ended September 30, 2017. SJW Group net income was $19.5 million
for the quarter ended September 30, 2017, compared to $19.0 million for
the same period in 2016. Diluted earnings per share were $0.94 and $0.92
for the quarters ended September 30, 2017 and 2016, respectively.
Oct 12, 2017 06:30 pm ET
SJW Group Sets Date for Release of Third Quarter 2017 Financial Results
SJW Group (NYSE:SJW) today announced that the Company will release its
third quarter 2017 financial results after the close of the market on
October 25, 2017. W. Richard Roth, Chairman of the Board, President and
Chief Executive Officer and James P. Lynch, Chief Financial Officer and
Treasurer will review the results in a webcast presentation at 10:00 AM
(PT) on October 26, 2017.
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