NASDAQ$HTO

H2O America · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Net income and diluted earnings per share decreased compared to the same period in 2019, impacted by merger-related expenses and COVID-19 related reserves.

SJW Group reported a decrease in net income to $2.4 million and diluted earnings per share to $0.08 for the quarter ended March 31, 2020, compared to $5.9 million and $0.21, respectively, for the same period in 2019. The results were impacted by merger-related expenses and COVID-19 related reserves. Operating revenue increased to $115.8 million from $77.7 million in 2019.

  • Net income for the quarter ended March 31, 2020, was $2.4 million, compared to $5.9 million for the same period in 2019.
  • Diluted earnings per share were $0.08, which included $0.15 per share from ongoing operations offset by non-recurring expenses.
  • Operating revenue increased by $38.1 million, primarily due to the merger with CTWS and increased customer usage.
  • Updated guidance range from between $2.25 and $2.35 per diluted share to between $1.95 and $2.05 per diluted share.

Headline financials

Total Revenue

$116M

Previous: $77.7M+49.0%
EPS (adj)

$0.30

Previous: $0.21+42.9%
Effective Consolidated Income Tax Rate

15.0%

Previous: 26.0%-42.3%
Capital Expenditures

-$38.6M

Previous: -$29.6M-30.4%
Free Cash Flow

-$36.2M

Previous: -$23.7M-52.5%
Net Income

$2.42M

Previous: $5.87M-58.8%
Operating Income

$15.4M

Previous: $12.4M+24.3%
Gross Profit

$56M

Previous: $37.2M+50.5%
Cash & Equivalents

$28.3M

Previous: $420M-93.3%
Total Assets

$3.17B

Previous: $1.96B+62.1%
Stock-Based Comp

$251K

Previous: $886K-71.7%

Revenue & EPS history

SJW Group · Revenue · Quarterly

$116M

Q1 2020+49%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The Company is updating its guidance range from between $2.25 and $2.35 per diluted share to between $1.95 and $2.05 per diluted share to reflect this change.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.4%

Avg return

30 days after

45%

29 / 64 earnings

Positive

+13.6%

Q3 2016

Best reaction

-8.3%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-3.3%-2.4%
Q3 2025-3.4%-9.4%-9.2%
Q1 2025+6.1%+3.2%-1.8%
Q4 2024-1.9%+2.2%+0.6%
Q3 2024-0.4%-2.7%-2.0%
Q2 2024+5.6%+3.5%-0.2%
Q1 2024-3.0%-1.2%+0.4%
Q4 2023-3.1%-4.8%-7.0%
Q3 2023+6.5%+10.8%+9.8%
Q2 2023-1.7%-1.9%-6.3%
Q1 2023-0.3%+1.0%+0.8%
Q4 2022+0.7%+1.1%-1.2%
Q3 2022+7.1%+5.9%+15.1%
Q2 2022+0.8%+2.7%+1.5%
Q1 2022-2.3%-5.7%-1.6%
Q4 2021+1.2%+0.4%+5.6%
Q3 2021-3.3%+3.5%-2.3%
Q2 2021+1.6%+2.2%+1.0%
Q1 2021-1.5%-0.5%-2.2%
Q4 2020-2.1%-3.9%-12.8%
Q3 2020-1.6%+2.3%+4.1%
Q2 2020+9.5%+3.9%-2.4%
Q1 2020-2.6%-1.7%+8.5%
Q4 2019-6.9%-7.9%-19.3%
Q3 2019-1.1%-2.9%-3.2%
Q2 2019-0.3%+0.4%+1.0%
Q1 2019-1.0%-0.6%+2.8%
Q4 2018+0.1%+1.0%+3.1%
Q3 2018+3.3%+2.5%+5.9%
Q2 2018-2.7%-4.1%-14.1%
Q1 2018+6.4%+7.9%+10.9%
Q4 2017+6.0%+5.4%-3.1%
Q3 2017-0.4%-2.2%+6.5%
Q2 2017-4.3%+4.2%+8.0%
Q1 2017-4.2%-5.4%-7.5%
Q4 2016-1.9%-1.9%-2.4%
Q3 2016+13.6%+12.8%+21.6%
Q2 2016+3.0%+1.1%+9.3%
Q1 2016-8.3%
Q4 2015+5.5%
Q3 2015-3.1%
Q2 2015+0.5%
Q1 2015-4.1%
Q4 2014-5.7%
Q3 2014+2.9%
Q2 2014-0.3%
Q1 2014-0.8%
Q4 2013+4.8%
Q3 2013-6.0%
Q2 2013+0.9%
Q1 2013-0.9%
Q4 2012-2.0%
Q3 2012-0.1%
Q2 2012+1.9%
Q1 2011+0.0%
Q1 2012+0.9%
Q4 2009-0.3%
Q4 2011-0.3%
Q3 2010+6.9%
Q3 2011+6.9%
Q2 2011+2.5%
Q2 2010+2.5%
Q4 2010+2.5%
Q1 2010+3.7%

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