H20: Q4 Financial Overview

H2O America Announces Fourth Quarter Financial Results

H2O America, headquartered in San Jose, California, revealed on Wednesday that it achieved a net income of $16.2 million during its fourth fiscal quarter.

The company reported earnings of $0.45 per share for the quarter. After accounting for nonrecurring items, adjusted earnings were $0.46 per share.

During the same period, the parent company of San Jose Water Co. generated $194.2 million in revenue.

Looking at the full year, H2O America posted a total profit of $102.6 million, translating to $2.92 per share, with annual revenue reaching $800.6 million.

For the upcoming year, the company anticipates earnings per share to fall between $3.08 and $3.18.