Pure Cycle Corporation (PCYO) Q4 2024 Earnings Call Transcript Summary
Pure Cycle Corporation (PCYO) Q4 2024 Earnings Call Transcript Summary
Gross profit for the year stood approximately at $20 million, with a gross margin close to 70%, underpinned by historical land and water rights acquisitions.The following is a summary of the Pure Cycle Corporation (PCYO) Q4 2024 Earnings Call Transcript:
以下是pure cycle公司（PCYO）2024年第四季度業績會成績單的總結：
Financial Performance:
財務表現:
Pure Cycle reported strong Q4 results with revenue at $12.5 million for the quarter mainly due to the delivery of Phase 2D lots totaling 197 lots.
Annual revenue reached a new high of $28.7 million, reflecting robust growth and efficient execution in land and water utility sectors.
Gross profit for the year stood approximately at $20 million, with a gross margin close to 70%, underpinned by historical land and water rights acquisitions.
Net income significantly improved to $11.6 million, translating to earnings per share of approximately $0.48.
pure cycle報告第四季度業績強勁，營業收入爲1250萬美元，主要由於交付了總計197個2D階段地塊。
年度營業收入達到2870萬美元的新高，反映出土地和水務板塊的強勁增長和高效執行。
全年毛利潤約爲2000萬美元，毛利率接近70%，得益於歷史上土地和水權的收購。
淨利潤顯著改善至1160萬美元，每股收益約爲0.48美元。
Business Progress:
業務進展：
Pure Cycle saw record performance in its water utility segment, particularly driven by oil and gas operations, with continued customer growth.
Development in Sky Ranch is ongoing, with approximately 700 lots under production and a focus on expanding the single-family rental segment from 14 units to around 200 units.
Strategic land acquisitions adjacent to existing assets enhance future growth prospects, particularly highlighted by the recent purchase of 400 acres which align with Pure Cycle's pipeline infrastructure and include valuable water rights and mineral interests.
pure cycle在其水務業務部門表現創紀錄，特別是受油氣業務驅動，客戶持續增長。
Sky Ranch的開發正在進行中，目前約有700個地塊在建設中，並專注於將單家庭出租房源從14個擴展到約200個。
對現有資產相鄰土地的戰略性收購增強了未來的增長前景，特別是最近收購的400英畝土地，與pure cycle的製造行業管道相符，幷包括有價值的水權和礦產權益。
Opportunities:
機會：
The company is leveraging significant opportunities in its oil and gas operations with oil and gas being strong in the fourth quarter, hinting at sustained demand and excess capacity utilization.
With only 2% of their extensive tap capacity currently utilized and significant water assets at hand, there is a substantial opportunity for future growth as Sky Ranch and other developments progress.
Expansion in the single-family rental sector is viewed as a promising venture.
該公司在其油氣業務中利用了重要的機會，油氣在第四季度表現強勁，暗示着持續的需求和過剩的產能利用。
目前只有2%的廣泛水龍頭容量被利用，且手頭有大量水資產，隨着Sky Ranch和其他開發項目的推進，未來增長潛力巨大。
在單家庭出租板塊的擴展被視爲一個有前景的創業公司。
Risks:
風險：
The significant upswing in interest rates over recent periods has posed financial management challenges, potentially impacting the cost of carrying land and other capital-intensive activities.
最近利率期貨的大幅上漲給財務管理帶來了挑戰，可能對土地和其他資本密集型活動的成本造成影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
