SJW Group Reports 41% Increase in Q1 2025 Net Income and 36% Rise in Diluted EPS

Reuters
04-29
SJW Group Reports 41% Increase in Q1 2025 Net Income and 36% Rise in Diluted EPS

SJW Group reported its financial results for the first quarter of 2025, highlighting a significant increase in net income and earnings per share $(EPS)$. Net income prepared in accordance with GAAP for the quarter ended March 31, 2025, was $16.6 million, representing a 41% increase compared to $11.7 million in the same quarter last year. The diluted EPS for the quarter was $0.49, marking a 36% rise from the prior year's $0.36. Additionally, when adjusted for merger and acquisition activities expense, SJW Group's adjusted net income for the first quarter of 2025 was $16.7 million, a 43% increase from the $11.7 million recorded in the previous year. The adjusted diluted EPS stood at $0.50, up 39% from $0.36 in the prior year quarter. The company also made a substantial infrastructure investment of $78.2 million in the first quarter, keeping on track for full-year capital expenditures of $473 million due to the seasonality of the construction season. Furthermore, SJW Group declared a $0.42 cash dividend per share of common stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SJW Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9440434-en) on April 28, 2025, and is solely responsible for the information contained therein.

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