CTWS Profile
Connecticut
Water Service, Inc. (CTWS) is a publicly-traded water utility company
that provides drinking water and related services to customers in
Connecticut, Maine, and New Hampshire. The company's services include
water treatment, supply, and distribution, as well as related services
such as meter reading and billing.
Connecticut Water Service's
customer base includes residential, commercial, and industrial
customers, as well as public water systems. The company is committed
to providing safe, reliable, and high-quality drinking water to its
customers, and it has a strong track record of compliance with state
and federal regulations.
Connecticut Water Service was founded
in 1956 and is headquartered in Clinton, Connecticut. As of my
knowledge cutoff of September 2021, the company was performing well
financially, with strong revenue and earnings growth in recent years.
The company's revenue for the fiscal year 2020 was $129.2 million,
representing an increase of 3.6% compared to the previous year. Net
income for the same period was $18.7 million, an increase of 29.8%
compared to the previous year.
Connecticut Water Service has a
market capitalization of approximately $840 million as of my knowledge
cutoff of September 2021, and its stock is listed on the NASDAQ stock
exchange under the ticker symbol CTWS. The company also pays a regular
quarterly dividend to its shareholders.
The water utility
industry is subject to various risks, including changes in government
regulations, changes in weather patterns, and aging infrastructure.
However, Connecticut Water Service's focus on providing high-quality
drinking water and its strong financial performance should position it
well for continued success in
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