California Water Service Group

OverviewSuggest Edit

California Water Service Group is the parent company of several water utility companies in the United States. Through its subsidiaries, the Group provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The Company engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection.

California Water Service is also involved in the non-regulated water-related services, including operating water and waste water systems; providing operating and maintenance, meter reading, and billing services to private companies and municipalities; leasing communication antenna sites on its properties to telecommunication companies; billing of third-party insurance programs to its residential customers; operating recycled water systems; providing lab services; and selling surplus property. 

TypePublic
Founded1926
HQSan Jose, USMap
Websitecalwatergroup.com
Employee Ratings3.5More
View Jobs (12)

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)1,176
Job Openings12
Revenue (FY, 2018)$698.2 M(+5%)
Share Price (Mar 2019)$53.9

Key People/Management at California Water Service Group

Shannon Dean

Shannon Dean

Vice President, Corporate Communications and Community Affairs
David Healey

David Healey

Vice President, Controller
Martin Kropelnicki

Martin Kropelnicki

President and Chief Executive Officer
Robert Kuta

Robert Kuta

Vice President of Engineering and Chief Compliance Officer
Michael Luu

Michael Luu

Vice President of Customer Service and Chief Information Officer
Michael Mares

Michael Mares

Vice President, California Operations
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California Water Service Group Office Locations

California Water Service Group has an office in San Jose
San Jose, US (HQ)
1720 N 1st St
Show all (1)
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California Water Service Group Financials and Metrics

California Water Service Group Revenue

California Water Service Group's revenue was reported to be $698.20 m in FY, 2018
USD

Revenue (FY, 2018)

698.2m

Net income (FY, 2018)

65.6m

EBIT (FY, 2018)

110.5m

Market capitalization (15-Mar-2019)

2.6b

Closing stock price (15-Mar-2019)

53.9

Cash (31-Dec-2018)

47.2m

EV

3.3b
California Water Service Group's current market capitalization is $2.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

588.4m609.4m666.9m698.2m

Revenue growth, %

9%

General and administrative expense

113.1m98.5m102.9m100.8m

Operating expense total

517.2m533.2m572.3m587.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

184.4m110.5m158.4m191.2m122.0m144.4m183.5m121.7m152.4m184.3m122.0m171.1m211.7m132.2m304.9m

General and administrative expense

24.7m25.1m23.8m23.8m27.7m26.6m30.7m27.8m23.4m23.8m25.2m23.8m24.9m26.3m50.7m

Operating expense total

148.6m109.4m135.1m150.4m114.5m26.6m151.3m115.5m23.4m23.8m114.0m23.8m24.9m124.2m50.7m

Depreciation and amortization

14.5m14.6m16.0m15.8m20.7m41.7m
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

27.5m19.6m8.8m25.5m94.8m47.2m

Accounts Receivable

2.5b

Inventories

Current Assets

139.5m154.1m127.6m142.1m227.9m188.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

48.8m21.7m29.7m29.5m33.3m24.5m50.8m30.9m30.8m21.4m12.0m29.1m28.3m34.7m33.7m

Current Assets

170.6m130.1m150.8m177.3m159.3m150.2m191.1m148.5m159.0m151.1m128.2m170.6m180.5m165.8m189.6m

PP&E

1.5b1.5b1.5b1.6b1.6b1.6b1.7b1.7b1.8b1.8b1.9b1.9b2.0b2.1b2.1b

Goodwill

2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

47.3m48.8m45.0m48.7m67.2m65.6m

Depreciation and Amortization

60.3m63.2m65.2m78.6m85.7m

Inventories

Accounts Payable

3.8m(819.0k)3.8m1.6m4.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

41.6m(5.5m)17.2m45.3m1.6m9.8m25.1m(798.0k)10.7m22.9m1.1m(2.5m)10.5m

Depreciation and Amortization

45.1m16.1m16.1m48.5m15.3m15.4m15.3m16.5m32.7m15.9m19.2m21.2m42.6m

Accounts Payable

7.7m70.9m7.2m57.7m68.7m77.3m65.4m4.7m84.1m69.3m(7.0m)6.4m

Cash From Operating Activities

101.9m100.2m31.0m59.1m28.3m49.6m
show all
USDY, 2018

EV/EBIT

30 x

EV/CFO

18.5 x

Revenue/Employee

596.2k
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Competitors

U.S. Water
Energy & Utilities - Subsidiary
Bristol Water
Energy & Utilities - Public
Water Innovations
Energy & Utilities - Private
APS Water Services
Energy & Utilities - Private
Compare competitors

California Water Service Group News and Updates

February 28, 2019

California Water Service Group Announces 2018 Earnings for Year and Fourth Quarter

SAN JOSE, Calif., Feb. 28, 2019 (GLOBE NEWSWIRE) -- California Water Service Group (Company) (NYSE: CWT) today announced net income of $65.6 million and diluted earnings per share of $1.36 for 2018, compared to net income of $72.9 million and diluted earnings per share of $1.52 in 2017.  The 2017 …
February 07, 2019

California Water Service Group Schedules Fourth Quarter and Year-End 2018 Earnings Results Announcement and Teleconference

SAN JOSE, Calif., Feb. 07, 2019 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its fourth quarter and year-end 2018 earnings results will be released at 9:00 a.m. ET with its teleconference to follow at 11:00 a.m. ET on Thursday, February 28, 2019.        
February 04, 2019

California Water Service Group Subsidiary Signs Agreement to Acquire Water and Wastewater System in Madera County

SAN JOSE, Calif., Feb. 04, 2019 (GLOBE NEWSWIRE) -- California Water Service Group announced today that it has entered into an agreement to acquire the water and wastewater system serving the Preserve at Millerton, a soon to be built 1,400-unit master-planned, mixed-use community in Madera County …
January 30, 2019

California Water Service Group Board of Directors Declares 296th Consecutive Quarterly Dividend and 52nd Consecutive Annual Dividend Increase

SAN JOSE, Calif., Jan. 30, 2019 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 296th consecutive quarterly dividend, increasing the annual dividend from $0.75 to $0.79. This represents the company's 52nd consecutiv…
December 03, 2018

California Water Service Group and Subsidiary California Water Service Announces Two New Officers; Three Others to Assume Additional Responsibilities

SAN JOSE, Calif., Dec. 03, 2018 (GLOBE NEWSWIRE) -- California Water Service Group (Group) and its subsidiary California Water Service (Cal Water) today announced the appointment of two new Cal Water officers and the assumption of additional responsibilities by three current Group officers.  On Ja…
November 01, 2018

California Water Service Group Announces Earnings for the Third Quarter 2018

SAN JOSE, Calif., Nov. 01, 2018 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced net income of $34.4 million or $0.72 earnings per diluted common share for the third quarter of 2018, compared to net income of $33.8 million or $0.70 earnings per diluted common share fo…
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California Water Service Group Blogs

March 05, 2019

California Water Service Completes Water Main Replacement Project in Montebello

California Water Service Completes Water Main Replacement Project in Montebello DominickCancilla Tue, 03/05/2019 - 10:44 California Water Service Completes Water Main Replacement Project in Montebello February 1, 2019 at 7:00 AM PST This release is a backfill …
March 04, 2019

Hawaii Water Service Files General Rate Case for Kona Service Area

Hawaii Water Service Files General Rate Case for Kona Service Area Content Import Mon, 03/04/2019 - 16:19 Hawaii Water Service Files General Rate Case for Kona Service Area March 4, 2019 at 4:15 PM EST This release is a backfill from a News Wire …
February 22, 2019

Cal Water Selects Geoff Fulks as District Manager for Bakersfield Service Area

Mike Mares, Former Bakersfield District Manager, Promoted to Vice President of Operations BAKERSFIELD, Calif.—California Water Service (Cal Water) announced today that it has selected Geoff Fulks to lead the utility's Bakersfield District as its new District Manager.
February 19, 2019

California Water Service Completes Water Main Replacement Project in Redwood City

MENLO PARK, Calif. — California Water Service (Cal Water) has completed an infrastructure improvement project to enhance system reliability and fire protection for Redwood City residents, businesses, and first responders. The project, which began in November, included the installation of 1,500 feet
February 19, 2019

California Water Service Begins Two Water Main Replacement Projects in Menlo Park

MENLO PARK, Calif. — California Water Service (Cal Water) has begun two infrastructure improvement projects that will strengthen water system reliability and infrastructure resiliency and enhance fire protection for Menlo Park customers. Crews are installing 700 feet of new 6-inch PVC water main on
February 14, 2019

Cal Water Begins Water Infrastructure Improvement Project in Salinas

SALINAS, Calif. — California Water Service (Cal Water) has begun a water infrastructure upgrade in Salinas that will strengthen water system reliability and infrastructure resiliency, as well as enhance fire protection in northern Salinas. The project, which is expected to be completed in April,
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 California Water Service Group Frequently Asked Questions

  • When was California Water Service Group founded?

    California Water Service Group was founded in 1926.

  • Who are California Water Service Group key executives?

    California Water Service Group's key executives are Shannon Dean, David Healey and Martin Kropelnicki.

  • How many employees does California Water Service Group have?

    California Water Service Group has 1,176 employees.

  • What is California Water Service Group revenue?

    Latest California Water Service Group annual revenue is $698.2 m.

  • What is California Water Service Group revenue per employee?

    Latest California Water Service Group revenue per employee is $593.7 k.

  • Who are California Water Service Group competitors?

    Competitors of California Water Service Group include U.S. Water, Bristol Water and Water Innovations.

  • Where is California Water Service Group headquarters?

    California Water Service Group headquarters is located at 1720 N 1st St, San Jose.

  • Where are California Water Service Group offices?

    California Water Service Group has an office in San Jose.

  • How many offices does California Water Service Group have?

    California Water Service Group has 1 office.

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