Connecticut Water Service

Energy & Utilities Government & Public Services contractor equipment leasing maintenance public safety real estate sales rental waste management water

Connecticut Water Service is a regulated water company. The Company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings. The Services and Rentals segment provides contracted services to water and wastewater utilities, and other clients. Its services include contract operations of water and wastewater facilities, a service line protection plan for public drinking water customers, and providing bulk deliveries of emergency drinking water to businesses and residences through tanker trucks. This segment also leases and rents residential and commercial properties to third parties.

Revenue(FY, 2016)

$98.7 M

Market capitalization(2018-06-22)

$792.8 M

Type

Public

Clinton, US

Founded

1956

Size (employees)

266 (est)

Website

ctwater.com

Connecticut Water Service was founded in 1956 and is headquartered in Clinton, US

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Key People/Management at Connecticut Water Service

David Benoit

President and CEO

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Connecticut Water Service Office Locations

Connecticut Water Service has an office in Clinton

Clinton, US (HQ)

93 West Main Street

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Connecticut Water Service Financials and Metrics

Connecticut Water Service Financials

Connecticut Water Service's revenue was reported to be $98.67 m in FY, 2016 which is a 4.3% decrease from the previous period.

Summary

USD
Revenue (Q1, 2018)	24.9 m
Net income (Q1, 2018)	(1.2 m)
Market capitalization (22-Jun-2018)	792.8 m
Closing share price (22-Jun-2018)	65.6
Cash (31-Mar-2018)	4 m
EV	1 b

Connecticut Water Service's current market capitalization is $792.8 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	99 m	101.5 m	103.1 m	98.7 m
Revenue growth, %		3%	2%	(4%)
EBIT	22.8 m	26 m	27.4 m
EBIT margin, %	23%	26%	27%

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	26.6 m	28.4 m	21.6 m	26.1 m	29.5 m	22.5 m	27.9 m	31.8 m	24.9 m
Operating expense total	16.9 m	19 m	17.5 m	15 m	18.7 m	17.3 m	17.5 m	19.5 m	20.6 m
Depreciation and amortization									4.7 m
Interest expense	132 k	105 k	142 k	174 k	315 k	260 k	111 k		1 k

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	18.4 m	2.5 m	731 k	1.6 m
Accounts Receivable	12.3 m	12 m	11 m	13 m
Inventories	1.6 m	1.5 m	1.6 m	1.5 m
Current Assets	46.9 m	36.2 m	27 m	29.4 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	1.6 m	15.3 m	10.6 m	1.6 m	2.3 m	3.1 m	2.2 m	1.5 m	1.1 m	1.2 m	3 m	2.7 m	8.3 m	4 m
Accounts Receivable	14.3 m	11.4 m	12.1 m	13 m	11.4 m	11.5 m	13 m	9.7 m	11.6 m	13.8 m	11.6 m	12.9 m	15.6 m	12.8 m
Inventories	2 m	1.6 m	1.6 m	1.6 m	1.5 m	1.8 m	2.1 m	1.7 m	1.7 m	1.9 m	1.7 m	1.8 m	1.8 m	1.6 m
Current Assets	47.2 m	43.8 m	42.2 m	39.3 m	36.2 m	35.7 m	39.3 m	29.3 m	30.9 m	36.5 m	31.1 m	33.2 m	47.1 m	36.2 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	18.3 m	21.3 m	22.8 m	23.4 m
Depreciation and Amortization	11.1 m	12.5 m	12.9 m	13.2 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	16.4 m	3 m	10.5 m	18.9 m	3.1 m	11.8 m	20.5 m	3.1 m	13.1 m	22.6 m	4.1 m	12.5 m	10.7 m	(1.2 m)
Depreciation and Amortization	8.5 m	3.1 m	6.1 m	9.2 m	3.4 m	6.7 m	10.1 m	3.6 m	7.3 m	11 m	4 m	8 m		4.9 m
Inventories													1.8 m
Accounts Payable													8.6 m