California Water Service (CWT) Posts Q3 EPS of $0.52

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Go back to California Water Service (CWT) Posts Q3 EPS of $0.52

California Water Service Group Announces Third Quarter Results

October 28, 2015 6:45 PM EDT

SAN JOSE, CA -- (Marketwired) -- 10/28/15 -- California Water Service Group (NYSE: CWT) today announced net income for the third quarter of 2015 of $25.1 million or $0.52 per diluted common share, compared to net income of $33.7 million or $0.70 per diluted common share for the third quarter of 2014. Net income decreased $8.6 million during the third quarter of 2015 compared to the third quarter of 2014 principally due to two non-recurring items in 2014.

First, in the third quarter of 2014 the Company recorded interim revenue recovery approved by the California Public Utilities Commission (Commission) in its August 2014 General Rate Case (GRC)... More