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SAN JOSE, Calif. - SJW Group, a prominent investor-owned water and wastewater utility company with a market capitalization of $1.88 billion, announced today its corporate rebranding to H2O America, complete with a new logo and a change in its Nasdaq ticker symbol from SJW to HTO. This strategic move is aimed at reflecting the company’s growth into a national platform and its commitment to the communities it serves.
The rebranding comes with a promise from H2O America to "protect what’s precious," emphasizing the critical role of water in daily life and the company’s dedication to providing clean, high-quality water. According to InvestingPro data, the company has maintained dividend payments for 54 consecutive years, demonstrating its long-term commitment to shareholder returns while providing essential services. Eric W. Thornburg, the current chair, president, and CEO of the company, stated that the new name and brand better represent the company’s national scope and its focus on community utilities.
Andrew F. Walters, the CFO and treasurer who is set to become CEO on July 1, 2025, reiterated the importance of delivering high-quality drinking water and the privilege the company feels in providing this essential service. He also highlighted the company’s financial position and its ability to leverage its national network while maintaining local service excellence. Recent financial data from InvestingPro shows revenue growth of 12.34% over the last twelve months, though analysts note the company operates with a significant debt burden. For deeper insights into H2O America’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
The rebranding does not affect customer service, billing, or day-to-day operations, and the local utility names will remain the same. H2O America will celebrate the new chapter and ticker symbol by ringing the Nasdaq Closing Bell on May 14 in Times Square.
H2O America operates across approximately 407,000 water and wastewater service connections and serves over 1.6 million people through its regional utilities, which include Connecticut Water, Maine Water, San Jose Water, and Texas Water. The company maintains a stable financial profile with a gross profit margin of 56.79% and trades at a P/E ratio of 18.43, suggesting current market valuation is aligned with its Fair Value according to InvestingPro analysis.
The press release also contains forward-looking statements regarding the future results and operations of H2O America, which are subject to various risks and uncertainties. These include regulatory actions, demand changes, weather conditions, climate change impact, unexpected costs, and general economic conditions, among others.
The company’s new website is now accessible at www.H2O-America.com, where more information can be found. This announcement is based on a press release statement from H2O America.
In other recent news, SJW Corporation reported a robust first quarter for 2025, significantly exceeding earnings and revenue expectations. The company achieved an adjusted earnings per share (EPS) of $0.50, surpassing the forecasted $0.31, and generated revenue of $167.6 million, which was above the anticipated $155.5 million. SJW reaffirmed its 2025 EPS guidance of $2.90 to $3.00 and outlined plans for substantial investments in infrastructure and technology, totaling $473 million this year. The company also aims for a 5-7% earnings growth rate through 2029. Notably, SJW’s strategic investments are expected to enhance operational efficiency and growth. The company’s leadership transition is underway, with Andrew Walters set to become the CEO following Eric Thornburg’s retirement. Additionally, SJW is exploring potential mergers and acquisitions, particularly in Texas, as part of its growth strategy. The company is also working on regulatory matters, including the Water Quality and Treatment Adjustment mechanism in Connecticut, which could impact future earnings.
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