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SJW Group 2022 Financial Results and 2023 Guidance Issued

SJW Group Announces 2021 Third Quarter Financial Results, Reaffirms 2021 Guidance, and Declares Dividend

SJW Group Announces 2021 Second Quarter Financial Results, Reaffirms 2021 Guidance, and Declares Dividend

Press release content from Business Wire. The AP news staff was not involved in its creation. SJW Group Announces 2021 Second Quarter Financial Results, Reaffirms 2021 Guidance, and Declares Dividend July 29, 2021 GMT SAN JOSE, Calif.--(BUSINESS WIRE)--Jul 29, 2021-- SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2021. SJW Group net income was $20.8 million for the quarter ended June 30, 2021, compared to $19.7 million for the same period in 2020. Diluted earnings per share were $0.69 for the quarters ended June 30, 2021 and 2020, respectively. Diluted earnings per share in 2021 includes $0.60 per share from ongoing operations and $2.6 million (net of tax) or $0.09 per share from non-recurring income related to the holdback amount received during 2021 related to the sale of all of SJW Group’s equity interest in Texas Water Alliance Limited (“TWA”) to the Guadalupe-Blanco River Authority (“GBRA”) in 2017. Diluted earnings per share in 2020 includes $0.72 per share from ongoing operations offset by non-recurring expenses related COVID-19 related reserves and expenses of $0.7 million (net of tax) or $0.03 per share.