Earnings Call Summary | SJW Group(SJW.US) Q1 2024 Earnings Conference
Earnings Call Summary | SJW Group(SJW.US) Q1 2024 Earnings Conference
The following is a summary of the SJW Group (SJW) Q1 2024 Earnings Call Transcript:
以下是SJW集團（SJW）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
SJW Group reported a Q1 2024 revenue of $149.4 million, reflecting a 9% increase from Q1 2023, mainly due to rate increases.
Net income for the quarter reached $11.7 million, a 1% increase from Q1 2023.
Diluted EPS saw a slight decrease, recording $0.36 per share compared to $0.37 in Q1 2023.
The company experienced a 10% increase in water production expense due to higher customer usage and rate increases from their water wholesaler in California. Other operating expenses also increased by 7%.
SJW集團報告稱，2024年第一季度收入爲1.494億美元，較2023年第一季度增長9％，這主要是由於加息。
該季度的淨收入達到1170萬美元，比2023年第一季度增長了1％。
攤薄後的每股收益略有下降，爲每股0.36美元，而2023年第一季度爲0.37美元。
由於客戶使用量增加以及加利福尼亞的水批發商提高了費率，該公司的水生產費用增加了10％。其他運營費用也增加了7％。
Business Progress:
業務進展：
SJW Group secured approval of a general rate case in Maine and an infrastructure surcharge in Texas, laying a solid foundation for the year.
The company has invested $69 million in water and wastewater utility infrastructure, which is about 21% of their $332 million 2024 capital expenditure plan.
They are expanding operations in California, Connecticut, Maine, and Texas, and plans to implement smart meter installation for their advanced metering infrastructure (AMI) project.
A warehouse building in Tennessee was sold for $27 million.
Remediation strategy for PFAS is underway in Connecticut and California, anticipating compliance with the EPA's timeline.
The company is looking forward to finalizing the rate case in Connecticut, implementing an AMI initiative in California, and closing '3009' in Texas.
SJW Group aims for continued growth and shareholder value, highlighted by 80 years of consistent dividend payments with increases for the past 56 consecutive years.
SJW集團獲得了緬因州的一般利率案和德克薩斯州的基礎設施附加費的批准，爲今年奠定了堅實的基礎。
該公司已在供水和污水處理公用事業基礎設施上投資了6900萬美元，約佔其2024年3.32億美元資本支出計劃的21％。
他們正在擴大在加利福尼亞州、康涅狄格州、緬因州和德克薩斯州的業務，並計劃爲其高級計量基礎設施 (AMI) 項目安裝智能電錶。
田納西州的一棟倉庫大樓以2700萬美元的價格出售。
康涅狄格州和加利福尼亞州正在實施全氟辛烷磺酸的補救戰略，預計將遵守美國環保局的時間表。
該公司期待在康涅狄格州敲定利率案例，在加利福尼亞州實施AMI計劃，並在德克薩斯州關閉'3009'。
SJW集團的目標是持續增長和股東價值，80年的持續股息支付以及過去56年連續增長的股息突顯了這一點。
More details: SJW Group IR
更多詳情： SJW 集團投資者關係
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。