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.
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