| Date | Title | | | 02/02/10 | SouthWest Water Company Honored with Laboratory Person of the Year Award| LOS ANGELES, Feb 02, 2010 (BUSINESS WIRE) -- SouthWest Water Company (Nasdaq:SWWC) today announced that Laboratory Technician Bonnie Dennedy was selected as recipient of the 2009 Laboratory Person of the Year award from the Northern San Joaquin chapter of the California Water Environmental Association (CWEA). Dennedy, along with her fellow honorees in other categories, was recognized in the chapter's annual awards banquet.
Certified by the California Department of Public Health as a Water Trea... |
|  | | 01/27/10 | SouthWest Water Names Ben Smith Interim Chief Financial Officer| LOS ANGELES, Jan 27, 2010 (BUSINESS WIRE) -- SouthWest Water Company (NASDAQ: SWWC) today named Ben Smith interim chief financial officer, succeeding David B. Stanton, who is no longer with the company.
Smith, 39, has been serving as SouthWest Water's principal accounting officer since May 2009. A Certified Public Accountant, he joined the company as divisional chief financial officer of its contract services group in 2006 and was promoted to the corporate level as vice president of financial ... |
| | | 12/10/09 | SouthWest Water Wins Prestigious MarCom Awards| -- Company's Subsidiaries Recognized for Customer Communications Excellence --
LOS ANGELES, Dec 10, 2009 (BUSINESS WIRE) -- SouthWest Water Company (NASDAQ: SWWC) today announced that its Suburban Water Systems subsidiary won a 2009 MarCom Platinum Award and its Texas Utilities won a 2009 MarCom Gold Award - both for excellence in customer communications. The 2009 MarCom Awards were presented by the Association of Marketing and Communication Professionals.
"We are very proud to receive the... |
| | | 11/09/09 | SouthWest Water Company Reports Third Quarter 2009 Results| LOS ANGELES--(BUSINESS WIRE)--Nov. 9, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today reported financial results for the third quarter ended September
30, 2009.
Operating revenue increased 3% to $59.0 million for the 2009 third
quarter from $57.5 million in the third quarter of 2008. Adjusted income
from continuing operations, which excludes certain items that are... |
| | | 11/04/09 | SouthWest Water to Report Third Quarter 2009 Financial Results and Host Conference Call on November 9, 2009| LOS ANGELES--(BUSINESS WIRE)--Nov. 4, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water and
wastewater services
through utility ownership and contract operations, will release its 2009
third quarter financial results by Monday, November 9, 2009 (before
market hours). The company will host a conference call with an
accompanying slide presentation at 11:00 a.m. Pacific time (2:00 p.m.
Eastern) to discuss financial ... |
| | | 10/27/09 | SouthWest Water Board of Directors Elects H. Frederick Christie Independent Chair of the Board| LOS ANGELES--(BUSINESS WIRE)--Oct. 27, 2009--
SouthWest Water Company (Nasdaq:SWWC) today announced that its board of
directors elected H. Fredrick Christie as the new independent chairman
of the board.
H. Frederick Christie has been a director on the company’s board since
1996 and served as lead director since May 2006. He is a consultant,
having retired in 1990 as president and chief executive officer of the
Mission Group, re... |
| | | 10/23/09 | SouthWest Water Company Doubles Cash Dividend on Common Stock| LOS ANGELES--(BUSINESS WIRE)--Oct. 23, 2009--
SouthWest Water Company (Nasdaq:SWWC) today announced that its board of
directors has raised the company’s quarterly cash dividend on its common
stock to $0.05 per share from $0.025 per share, representing a 100%
increase.
Mark Swatek, SouthWest Water chief executive officer, said, "Today’s
action reflects our board’s confidence in the underlying performance of
the compa... |
| | | 09/24/09 | Nasdaq Hearing Panel Declares SouthWest Water in Compliance with Listing Standards| LOS ANGELES--(BUSINESS WIRE)--Sep. 24, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today announced that the Nasdaq Hearings Panel, by letter dated
September 22, 2009, has notified the Company that it is again in
compliance with NASDAQ listing standards due to the filing of the
Company’s 2009 Second Quarter Form 10-Q within the time period
previously granted by the NASDAQ Hear... |
| | | 09/18/09 | SouthWest Water Company Reports Second Quarter 2009 Results| LOS ANGELES--(BUSINESS WIRE)--Sep. 18, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today reported financial results for the quarter ended June 30, 2009.
With the filing of this quarter’s Form 10-Q, the company is current with
its required SEC filings. As previously announced, the company completed
a comprehensive financial review of prior period financial statements.
Accordin... |
| | | 09/10/09 | SouthWest Water Awarded 10-Year Services Contract Renewal with Texas' Horizon Regional Municipal Utility District| LOS ANGELES--(BUSINESS WIRE)--Sep. 10, 2009--
SouthWest Water Company (NASDAQ:SWWC) today announced a 10-year contract
renewal with its long-term client Horizon Regional Municipal Utility
District (“HRMUD”) in Horizon City, Texas. Under the new contract,
SouthWest Water will continue to operate and maintain HRMUD’s water and
wastewater systems and manage its meter reading, billing and collections.
“SouthWest Water does an excellent job servin... |
| | | 09/01/09 | Nasdaq Hearings Panel Grants SouthWest Water Stay of Delisting| LOS ANGELES--(BUSINESS WIRE)--Sep. 1, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today announced that the Nasdaq Hearings Panel has granted the company a
stay of delisting to allow it to finish work on its Form 10-Q for the
second quarter of 2009. The Panel has granted the Company until
September 30, 2009, to file its Form 10-Q for the quarter ended June 30,
2009.
... |
| | | 08/26/09 | SouthWest Water Company Announces First Quarter 2009 Results| LOS ANGELES--(BUSINESS WIRE)--Aug. 26, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today reported financial results for the quarter ended March 31, 2009.
As previously announced, the company completed a comprehensive financial
review of prior period financial statements. Accordingly, financial
results for the first quarter of 2008 reported herein are restated and
reflect adju... |
| | | 08/20/09 | Gulfport Water Systems Receive Perfect Scores in State Inspection| LOS ANGELES--(BUSINESS WIRE)--Aug. 20, 2009--
SouthWest Water Company (NASDAQ:SWWC) today announced that four City of
Gulfport, Mississippi, water systems that are operated and maintained by
SouthWest Water are perfect, according to the Mississippi State
Department of Health. After a rigorous inspection and evaluation of five
systems, four earned a perfect score of 5.0 and one earned the
second-highest rating of 4.7.
“There is a lot th... |
| | | 08/18/09 | SouthWest Water Launches Customer Centric Website|
Enhanced Utility Customer and Contract Services Information
LOS ANGELES--(BUSINESS WIRE)--Aug. 18, 2009--
Consistent with its ongoing efforts to enhance services offered to its
customers and contract services clients, SouthWest Water Company
(NASDAQ:SWWC), a leading provider of water, wastewater and public works services,
today announced that it has launched a redesigned website with expanded
content.
Located at the same URL ad... |
| | | 08/13/09 | SouthWest Water Company Receives Nasdaq Notice Letter| LOS ANGELES--(BUSINESS WIRE)--Aug. 13, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today said that on August 11, 2009, it received a Nasdaq Staff
Deficiency Letter indicating an additional basis for delisting of the
company’s securities from the Nasdaq Stock Market as a result of
non-compliance with Nasdaq Marketplace Rule 5250(c)(1), due to the
delayed filing of the Q... |
| | | 08/12/09 | SouthWest Water Adds Two Directors to Board, Announces Corporate Governance Changes|
-- Company Sets October 23 for Annual Meeting --
LOS ANGELES--(BUSINESS WIRE)--Aug. 12, 2009--
SouthWest Water Company (Nasdaq:SWWC) today announced the addition of
two new directors to its board, Bruce C. Edwards and Kimberly Alexy,
effective August 10, 2009. The company also set October 23, 2009 as the
date for its 2009 annual shareholders’ meeting and September 11, 2009 as
the record date for shareholders eligible to vote at the meeting.
... |
| | | 08/03/09 | SouthWest Water Company Granted Extension from Bank Syndicate for Reporting 2009 Financial Results| Company to File Third Quarter 2008 Form 10-Q Today
LOS ANGELES--(BUSINESS WIRE)--Aug. 3, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
said that it has completed an amendment to its credit facility with its
banking syndicate to gain the additional time needed to file its
quarterly reports on Form 10-Q for the quarters ended March 31, 2009 and
June 30, 2009. The amendment grant... |
| | | 07/16/09 | SouthWest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Jul. 16, 2009--
SouthWest Water Company (Nasdaq:SWWC) today announced that its board of
directors declared quarterly cash dividends of $0.025 per share of
common stock and $0.65625 per share of Series A preferred stock. The
dividends are payable on August 12, 2009 to stockholders of record as of
July 27, 2009.
SouthWest Water Company provides a broad range of operations,
maintenance and management services... |
| | | 07/09/09 | SouthWest Water Company Reports 2008 Financial Results| LOS ANGELES--(BUSINESS WIRE)--Jul. 9, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today reported financial results for the year ended December 31, 2008.
As previously announced, the company completed a comprehensive review of
prior financial statements. Accordingly, financial results for the years
ended December 31, 2007 and 2006 reported herein are restated and
reflect adjus... |
| | | 07/09/09 | SouthWest Water Company Completes Comprehensive Financial Review of Prior Years' Financial Results| LOS ANGELES--(BUSINESS WIRE)--Jul. 9, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today announced that it has completed its comprehensive financial
review. Restatement of prior period financial statements include the
years ended December 31, 2006 and 2007 and the quarters ended March 31,
2008 and June 30, 2008. The table below shows the restated periods’
revenue and net incom... |
| | | 07/02/09 | SouthWest Water Company Provides Update on Filing of 2008 Form 10-K| Granted Extension from Nasdaq
LOS ANGELES--(BUSINESS WIRE)--Jul. 2, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
said that it continues to work to complete its comprehensive financial
review of prior periods. Accordingly, the company did not file its 2008
Annual Report on Form 10-K on July 1, 2009, the date set in its recently
amended credit facility. The company said that it... |
| | | 06/18/09 | SouthWest Water Company Completes Amendment with Banking Syndicate| LOS ANGELES--(BUSINESS WIRE)--Jun. 18, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today announced that it has completed an amendment to its credit
facility with its banking syndicate.
The amendment cures existing events of default and grants the company
until July 1, 2009 to file its annual report on Form 10-K for the year
ended December 31, 2008 and until August 3, ... |
| | | 06/10/09 | SouthWest Water Company Provides Update on Filing of 2008 Form 10-K| LOS ANGELES--(BUSINESS WIRE)--Jun. 10, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
said that it continues to work to complete its comprehensive financial
review of prior periods. Accordingly, the company will not file its 2008
Annual Report on Form 10-K today, the date set in its recently amended
credit facility.
“We are close to completing the review and will ... |
| | | 05/29/09 | SouthWest Water Company Completes Amendment with Banking Syndicate| LOS ANGELES--(BUSINESS WIRE)--May. 29, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today announced that it has completed an amendment to its credit
facility with its banking syndicate.
The amendment cures existing events of default in the covenants and
grants the company until June 10, 2009 to file its annual report on Form
10-K for the year ended December 31, 2008 an... |
| | | 05/27/09 | SouthWest Water Company Granted Nasdaq Listing Qualifications Hearing and Stay of Delisting| LOS ANGELES, May 27, 2009 (BUSINESS WIRE) -- SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today announced that the Nasdaq Hearings Panel has granted the company a
Listing Qualifications Hearing, scheduled for June 11, 2009. The Panel
has also granted the company a stay of delisting pending its broader
review of the company's reasons for its late filings and plan of
compliance at the heari... |
| | | 05/14/09 | SouthWest Water Company Receives Expected Notice of Potential Delisting from Nasdaq| LOS ANGELES--(BUSINESS WIRE)--May. 14, 2009--
SouthWest Water Company (NASDAQ:SWWC), a leading provider of water,
wastewater and public works services,
today said that as expected, it received a Nasdaq Staff Determination
letter on May 12, 2009 indicating that the company's common stock is
subject to potential delisting as of May 21, 2009. The company is not in
compliance with Nasdaq Marketplace Listing Rule 5250(c)(1) due to its
failure to ti... |
| | | 05/11/09 | SouthWest Water Company Delays Filing First Quarter 2009 Form 10-Q| LOS ANGELES--(BUSINESS WIRE)--May. 11, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today said it will file a Form 12b-25 with the Securities and Exchange
Commission (SEC) indicating that it will not be able to file its
quarterly report on Form 10-Q for the period ending March 31, 2009 by
May 18, 2009, the extended due date of the filing.
The delay in filing 2... |
| | | 05/11/09 | SouthWest Water Company Receives $60 Million in Settlement of New Mexico Eminent Domain Proceedings| LOS ANGELES--(BUSINESS WIRE)--May. 11, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today announced that it received $60 million from the Albuquerque
Bernalillo County Water Utility Authority in settlement of eminent
domain proceedings involving the company’s subsidiary, New Mexico
Utilities Inc.
The settlement resolves all legal issues between the two parties,
... |
| | | 04/30/09 | Southwest Water Company Announces Management Changes| Cheryl Clary Named Senior Vice President of Finance
David Stanton Appointed Interim Chief Financial Officer
LOS ANGELES--(BUSINESS WIRE)--Apr. 30, 2009--
SouthWest
Water Company (NASDAQ:SWWC) today announced that Cheryl Clary, the
company’s former chief financial officer, has been named senior vice
president of finance. David Stanton has been appointed interim chief
financial officer in addition to his role as chief operating officer.
Both cha... |
| | | 04/09/09 | SouthWest Water Company Declares Cash Dividends| LOS ANGELES, Apr 09, 2009 (BUSINESS WIRE) -- SouthWest Water Company (Nasdaq:SWWC) today announced that its board of
directors declared quarterly cash dividends of $0.025 per share of
common stock and $0.65625 per share of Series A preferred stock. The
dividends are payable on May 5, 2009 to stockholders of record as of
April 20, 2009.
SouthWest Water Company provides a broad range of operations,
maintenance and management services, including water produc... |
| | | 03/31/09 | SouthWest Water Company Provides Update on Corporate Developments| Bank Syndicate Grants Extension for Reporting Financials: Company Receives Nasdaq Notice Letter
LOS ANGELES--(BUSINESS WIRE)--Mar. 31, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services, today said that it has received an extension
until May 31, 2009 from the syndicate of lenders for its credit facility
with regard to reporting financial results for the year ended December
31, 2008. As a r... |
| | | 03/16/09 | SouthWest Water Announces CPUC Decision in Southern California Rate Case| LOS ANGELES--(BUSINESS WIRE)--Mar. 16, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today announced that the California Public Utilities Commission (CPUC)
authorized a rate increase of $5.5 million, or 11% for its southern
California utility, retroactive to January 1, 2009. The increase is due
to changes in the utility’s cost structure as determined by the CPUC in
its d... |
| | | 03/13/09 | SouthWest Water Company Delays Filing 2008 Form 10-k| Provides Update on Restatement Process
LOS ANGELES--(BUSINESS WIRE)--Mar. 13, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services, today said it has filed a Form 12b-25 with
the Securities and Exchange Commission indicating that it will not be
able to file its Form 10-K by March 31, 2009, the extended due date of
the filing.
As announced on November 10, 2008, the company said... |
| | | 02/19/09 | SouthWest Water Company Granted Extension from Nasdaq for Third Quarter 2008 Form 10-Q Filing| LOS ANGELES--(BUSINESS WIRE)--Feb. 19, 2009--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today said that it has received an extension from the Nasdaq Listing
Qualifications Staff until May 11, 2009 to report its financial results
for the 2008 third quarter. On November 10, 2008, the company announced
that it would delay the filing of its Form 10-Q for the quarter ended
Septe... |
| | | 01/29/09 | SouthWest Water Company to Receive $60 Million in Settlement of New Mexico Condemnation Proceedings| LOS ANGELES--(BUSINESS WIRE)--
SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today announced that it has reached a settlement in the legal
proceedings between the Company’s subsidiary, New Mexico Utilities Inc.
(NMUI), and the Albuquerque Bernalillo County Water Utility Authority
(ABCWUA).
The agreement calls for ABCWUA to acquire the assets of NMUI in
settlement... |
| | | 01/05/09 | SouthWest Water Company Sells Wholesale Wastewater Business| Net Cash Proceeds of $2.8 Million
LOS ANGELES--(BUSINESS WIRE)--Jan. 5, 2009--SouthWest Water Company (Nasdaq:SWWC) today announced the sale of its
wholesale wastewater business in Texas. Net cash proceeds were $2.8
million.
As previously announced, the company decided to divest its
underperforming Texas-based wholesale water and wastewater businesses at
the end of 2007. As a result, these businesses have been reflected as
discontinued opera... |
| | | 12/11/08 | SouthWest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Dec. 11, 2008--SouthWest Water Company (Nasdaq:SWWC) today announced that its board of
directors declared quarterly cash dividends of $0.025 per share of
common stock and $0.65625 per share of Series A preferred stock. The
dividends are payable on January 22, 2009 to stockholders of record as
of January 7, 2009.
"Each quarter since 1960, SouthWest Water's board has reviewed our
dividend policy in light of current... |
| | | 11/19/08 | SouthWest Water Company Provides Update on Corporate Developments| Bank Syndicate Grants Extension for Reporting Financials: Company Receives Nasdaq Notice LetterLOS ANGELES, Nov 19, 2008 (BUSINESS WIRE) -- SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today said that it has received an extension from the syndicate of
lenders for its credit facility with regard to reporting financial
results for the 2008 third quarter, and as a result, continues to have
f... |
| | | 11/10/08 | SouthWest Water Company Delays Filing 2008 Third Quarter Form 10-Q| Company to Amend, Restate Prior Period Financial Statements;
Postpones Investor Conference Call
LOS ANGELES--(BUSINESS WIRE)--Nov. 10, 2008--SouthWest Water
Company (NASDAQ:SWWC), a leading provider of water, wastewater and
public works services, today announced that it will delay filing its
Form 10-Q for the third quarter ended September 30, 2008 and has
postponed its conference call scheduled for later today.
The company said it is reviewing prior period financ... |
| | | 11/03/08 | SouthWest Water to Report 2008 Third Quarter Financial Results and Host Conference Call on November 10, 2008| LOS ANGELES, Nov 03, 2008 (BUSINESS WIRE) -- SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water and
wastewater services
through utility ownership and contract operations, will release its 2008
third quarter financial results on Monday, November 10, 2008 (before
market hours). The company will host a conference call later that day at
1:30 p.m. Pacific time (4:30 p.m. Eastern) to discuss financial results
and operations.
The ... |
| | | 09/17/08 | SouthWest Water Company Appoints Geoffrey C. Ketcham to Board of Directors| LOS ANGELES, Sep 17, 2008 (BUSINESS WIRE) -- SouthWest
Water Company (NASDAQ:SWWC), a leading provider of water, wastewater
and public works services,
today announced that Geoffrey C. Ketcham has been elected to the company's
Board of Directors, effective October 1, 2008. The appointment increases
the board to 9 members, 8 of whom are non-employee directors.
"I am very pleased to welcome Geoff to our
board," said Mark Swatek, chief executive
... |
| | | 09/16/08 | SouthWest Water Company Issues Boil Water Notices to Customers Affected by Hurricane Ike| LOS ANGELES--(BUSINESS WIRE)--Sept. 16, 2008--SouthWest Water
Company (NASDAQ:SWWC), a leading provider of water, wastewater and
public works services, issued boil water notices to customers who have
lost water service or power due to Hurricane Ike.
"We provide water and wastewater service to thousands of customers
in the Houston region," said Mark Swatek, chief executive officer and
chairman. "In the aftermath of Hurricane Ike, our field crews are
working diligently to get any im... |
| | | 08/22/08 | SouthWest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Aug. 22, 2008--SouthWest Water
Company (Nasdaq:SWWC) today announced that its board of directors
declared quarterly cash dividends of $0.06 per share of common stock
and $0.65625 per share of Series A preferred stock. The dividends are
payable on October 17, 2008 to stockholders of record as of September
30, 2008.
SouthWest Water Company provides a broad range of operations,
maintenance and management services, including water production,
treatment a... |
| | | 08/11/08 | SouthWest Water Company Reports Second Quarter 2008 Results| LOS ANGELES--(BUSINESS WIRE)--Aug. 11, 2008--SouthWest Water
Company (NASDAQ:SWWC), a leading provider of water, wastewater and
public works services, today reported financial results for the second
quarter ended June 30, 2008.
For the quarter, revenues increased 4% to $57.1 million from $54.9
million in the second quarter of 2007. Operating income declined to
$3.4 million compared with $5.6 million in 2007. Income from
continuing operations was $891,000, or $0.04 per diluted shar... |
| | | 08/05/08 | SouthWest Water to Report 2008 Second Quarter Financial Results and Host Conference Call on August 11, 2008| LOS ANGELES--(BUSINESS WIRE)--Aug. 5, 2008--SouthWest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its 2008 second quarter financial results on Monday, August
11, 2008 (before market hours). The company will host a conference
call later that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern) to
discuss financial results and operations.
The call, broadcast live over the Internet by Th... |
| | | 05/23/08 | SouthWest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--May 23, 2008--SouthWest Water
Company (Nasdaq:SWWC) today announced that its board of directors
declared quarterly cash dividends of $0.06 per share of common stock
and $0.65625 per share of Series A preferred stock. The dividends are
payable on July 18, 2008 to stockholders of record as of June 30,
2008.
SouthWest Water Company provides a broad range of operations,
maintenance and management services, including water production,
treatment and distri... |
| | | 05/12/08 | ADDING and REPLACING SouthWest Water Company Reports First Quarter 2008 Financial Results| LOS ANGELES, May 12, 2008 (BUSINESS WIRE) -- In the Condensed Consolidated Statements of Income, under
Expenses, add the following row below "Services operating expenses":
Three Months Ended
March 31,
------------------
2008 2007
Services intersegment eliminations ... |
| | | 05/12/08 | SouthWest Water Company Reports First Quarter 2008 Financial Results| LOS ANGELES--(BUSINESS WIRE)--May 12, 2008--SouthWest Water
Company (NASDAQ:SWWC) today reported financial results for the first
quarter ended March 31, 2008.
For the quarter, revenues increased 6% to $50.8 million from $47.9
million in the first quarter of 2007. Operating income declined to
$1.8 million compared with $3.1 million in 2007. Loss from continuing
operations was $314,000, or $0.01 per diluted share, compared to
income from continuing operations of $840,000, or $0.03 p... |
| | | 05/12/08 | SouthWest Water Company Reports Financials of Recently Purchased Alabama Wastewater System| LOS ANGELES--(BUSINESS WIRE)--May 12, 2008--SouthWest Water
Company (NASDAQ:SWWC) today reported unaudited and pro forma financial
information reflecting the Riverview wastewater system purchased
earlier this year.
As previously reported, on January 31, 2008 the company completed
an acquisition of the assets of a wastewater collection system and
related wastewater treatment plant that services more than 12,000
residents in Birmingham, Alabama for $23.3 million (including $0.8
mil... |
| | | 05/06/08 | SouthWest Water to Report 2008 First Quarter Financial Results and Host Conference Call on May 12, 2008| LOS ANGELES--(BUSINESS WIRE)--May 6, 2008--SouthWest Water Company
(NASDAQ:SWWC), a leading provider of water and wastewater services
through utility ownership and contract operations, will release its
2008 first quarter financial results on Monday, May 12, 2008 (before
market hours). The company will host a conference call later that day
at 1:00 p.m. Pacific time (4:00 p.m. Eastern) to discuss financial
results and operations.
The call, broadcast live over the Internet by Thomson... |
| | | 03/17/08 | SouthWest Water Company Reports Full Year and Fourth Quarter 2007 Financial Results| LOS ANGELES--(BUSINESS WIRE)--March 17, 2008--SouthWest Water
Company (NASDAQ:SWWC), a leading provider of water, wastewater and
public works services, today reported unaudited financial results for
the full year and fourth quarter ended December 31, 2007.
Full Year 2007 Results
Primarily as a result of two non-recurring, non-cash charges, the
company reported a net loss of $8.0 million, or $0.33 per diluted
share for the year ended December 31, 2007, as compared to net income... |
| | | 03/12/08 | SouthWest Water to Report 2007 Fourth Quarter and Full Year Financial Results and Host Conference Call on March 17, 2008| LOS ANGELES--(BUSINESS WIRE)--March 12, 2008--SouthWest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its 2007 fourth quarter and full year financial results on
Monday, March 17, 2008 (before market hours). The company will host a
conference call later that day at 1:30 p.m. Pacific time (4:30 p.m.
Eastern) to discuss financial results and operations.
The call, broadcast live over the... |
| | | 02/28/08 | SouthWest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Feb. 28, 2008--SouthWest Water
Company (Nasdaq:SWWC) today announced that its board of directors
declared quarterly cash dividends of $0.06 per share of common stock
and $0.65625 per share of Series A preferred stock. The dividends are
payable on April 18, 2008 to stockholders of record as of March 28,
2008.
SouthWest Water Company provides a broad range of operations,
maintenance and management services, including water production,
treatment and dis... |
| | | 02/21/08 | Southwest Water Company Completes $150 Million Expanded Credit Facility| LOS ANGELES--(BUSINESS WIRE)--Feb. 21, 2008--Southwest Water
Company (NASDAQ: SWWC) today announced the completion of a new $150
million credit facility with a syndicate of nine banks led by Bank of
America. The new five-year credit facility expires in 2013 and
replaces the existing $100 million facility that was due to expire in
2010. Southwest Water expects to use the credit facility for general
corporate purposes, including acquisitions.
"This new credit facility supports our p... |
| | | 02/06/08 | Southwest Water Announces Acquisition of Birmingham, Alabama Wastewater System| LOS ANGELES--(BUSINESS WIRE)--Feb. 6, 2008--Southwest Water
Company (NASDAQ:SWWC) today announced the acquisition of the Riverview
sewer system and related treatment plant from the Shelby County
Governmental Utility Services Corporation of Alabama for $22.5
million.
"This acquisition represents an excellent opportunity for
Southwest Water," said Mark A. Swatek, chief executive officer and
chairman of Southwest Water. "The system currently services over
12,000 residents and is loc... |
| | | 01/11/08 | Southwest Water Realigns Services Group Along Customer Lines| LOS ANGELES--(BUSINESS WIRE)--Jan. 11, 2008--Southwest Water
Company (NASDAQ:SWWC) today announced that it has realigned its
Services Group to better service the division's distinct customer
groups, enhance efficiencies and generate cost savings.
"This strategic realignment optimizes our Services Group's ability
to serve its three core customer sets; the Texas Municipal Utility
Districts (MUDs), other municipal clients that we serve through
Operations and Maintenance contracts, an... |
| | | 12/14/07 | Southwest Water Company Increases Cash Dividend on Common Stock| LOS ANGELES--(BUSINESS WIRE)--Dec. 14, 2007--Southwest Water
Company (Nasdaq:SWWC) today announced that its board of directors has
raised the company's quarterly cash dividend on its common stock to
$0.06 per share from $0.0576 per share, representing the twelfth
consecutive annual increase.
The board also declared a quarterly cash dividend of $0.65625 per
share on the company's Series A preferred stock. Both dividends will
be paid January 18, 2008, to stockholders of record on De... |
| | | 12/04/07 | Southwest Water Appoints David Stanton as Chief Operating Officer| LOS ANGELES--(BUSINESS WIRE)--Dec. 4, 2007--Southwest Water
Company (NASDAQ:SWWC) today announced the appointment of David Stanton
as chief operating officer, a previously vacant position.
"David's extensive knowledge of the water and wastewater business,
as well as his expertise in the areas of business development, finance
and operations, make him ideally suited for this new role," said Mark
Swatek, Southwest Water chief executive officer and chairman. "I am
confident that under... |
| | | 11/09/07 | Southwest Water Company Reports Third Quarter 2007 Results| LOS ANGELES--(BUSINESS WIRE)--Nov. 9, 2007--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water, wastewater and
public works services, today reported financial results for the third
quarter and nine months ended September 30, 2007.
For the quarter, revenues decreased $1.6 million to $57.4 million
from $58.9 million in the third quarter of 2006. Operating income
declined $2.5 million to $5.3 million compared with $7.8 million in
prior year third quarter. Net income w... |
| | | 11/01/07 | Southwest Water to Report Q3 2007 Financial Results and Host Conference Call on November 9, 2007| LOS ANGELES--(BUSINESS WIRE)--Nov. 1, 2007--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its third quarter 2007 financial results on Friday, November
9, 2007 (before market hours). The company will host a conference call
later that day at 12:00 noon Pacific time (3:00 p.m. Eastern) to
discuss financial results and operations.
The call, broadcast live over the Internet by T... |
| | | 09/25/07 | Southwest Water Company Selects Suite of Oracle(R) Software to Improve Efficiencies, Deliver Superior Customer Service| Leading Utility to Leverage Oracle Utilities, Oracle E-Business Suite, Oracle
Database To Modernize Existing Legacy Systems
REDWOOD SHORES, Calif., Sept. 25 /PRNewswire-FirstCall/ -- Oracle today
announced that Southwest Water Company, a leading provider of water,
wastewater and public works services, has selected a comprehensive suite of
Oracle software to help streamline operations. Specifically, Southwest Water
selected Oracle(R) Utilities Customer Care and Billing, ... |
| | | 08/16/07 | Southwest Water Company Declares Cash Dividends| LOS ANGELES, Aug 16, 2007 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC), a leading provider of
water, wastewater and public works services, today announced that its
board of directors declared quarterly cash dividends of $0.0576 per
share of common stock and $0.65625 per share of Series A preferred
stock. The dividends are payable on October 19, 2007 to stockholders
of record as of September 28, 2007.
Southwest Water Company provides a broad range of services
including water pr... |
| | | 08/09/07 | Southwest Water Company Reports Second Quarter 2007 Results| LOS ANGELES--(BUSINESS WIRE)--Aug. 9, 2007--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water, wastewater and
public works services, today reported financial results for the second
quarter ended June 30, 2007.
For the quarter, revenues increased 1% to $55.0 million from $54.3
million in the second quarter of 2006. Operating income rose 12% to
$5.5 million compared with $5.0 million in prior year second quarter.
Net income was up 22% to $2.2 million, or $0.09 per d... |
| | | 08/02/07 | Southwest Water to Report Q2 2007 Financial Results and Host Conference Call on August 9, 2007| LOS ANGELES--(BUSINESS WIRE)--Aug. 2, 2007--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its second quarter 2007 financial results on Thursday, August
9, 2007 (before market hours). The company will host a conference call
later that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern) to
discuss financial results and operations.
The call, broadcast live over the Internet by T... |
| | | 07/20/07 | Thomas Iino Elected to Southwest Water Board of Directors| LOS ANGELES--(BUSINESS WIRE)--July 20, 2007--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water, wastewater and
public works services, today announced that its Board of Directors has
elected Thomas Iino as a director. Iino, 64, fills the vacancy created
by the departure of James C. Castle, who retired from the board
earlier this month.
"I am very pleased to welcome Tom to our board," said Mark Swatek,
chief executive officer and chairman. "He brings strategic plann... |
| | | 06/04/07 | Southwest Water Company to Present at Water Industry Conference| LOS ANGELES--(BUSINESS WIRE)--June 4, 2007--Southwest Water
Company (NASDAQ:SWWC) today said that Mark Swatek, chairman and chief
executive officer, will be presenting at the IncreMental Advantage
Profiting in the Water Industry Conference on Wednesday, June 6, 2007.
Mr. Swatek will provide an overview of the company, including its
financial performance, unique business model and strategies for
continued growth. The presentation is scheduled for 10:45 a.m.
(Eastern Time) at The Harvar... |
| | | 05/23/07 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--May 23, 2007--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of
$0.0576 per share of common stock and $0.65625 per share of Series A
preferred stock. The dividends are payable on July 20, 2007 to
stockholders of record as of June 29, 2007.
Southwest Water Company specializes in water utility operations,
maintenance and management services, including water production,
treatment and distribution, wastewater collection and... |
| | | 05/17/07 | Southwest Water Company Appoints General Counsel| LOS ANGELES--(BUSINESS WIRE)--May 17, 2007--Southwest Water
Company (Nasdaq:SWWC) has appointed William K. (Ken) Dix as general
counsel, a newly created position.
"Ken is well-versed in litigation management, contract
negotiation, risk management and employment law," said Mark Swatek,
CEO and chairman, about the appointment. "He has more than 20 years of
in-depth experience and has proven to be an assertive contract
negotiator as well as an expert in regulatory compliance, acquisi... |
| | | 05/14/07 | Southwest Water Company Reports First Quarter 2007 Financial Results| LOS ANGELES--(BUSINESS WIRE)--May 14, 2007--Southwest Water
Company (NASDAQ:SWWC) today reported financial results for the first
quarter ended March 31, 2007.
For the quarter, revenues declined 3% to $48.1 million from $49.6
million in the first quarter of 2006. Operating income declined 2% to
$2.9 million compared with $3.0 million in 2006. Net income was down
20% to $614,000, or $0.03 per diluted share, compared to $772,000, or
$0.03 per diluted share, in 2006. Weighted average ... |
| | | 05/10/07 | Southwest Water Files for Extension to File First Quarter Form 10-Q| LOS ANGELES--(BUSINESS WIRE)--May 10, 2007--Southwest Water
Company (NASDAQ:SWWC) announced that it would delay filing its
quarterly report on Form 10-Q and issuing the news release announcing
the financial results of first quarter ended March 31, 2007. It also
will postpone an investor conference originally scheduled for today at
1:30 p.m. Pacific Daylight time.
The company said it requires more time to complete work relating
to the recording of revenues at one of its operating u... |
| | | 05/04/07 | Southwest Water Acquires Utility in Southeast Texas| LOS ANGELES--(BUSINESS WIRE)--May 4, 2007--Southwest Water Company
(NASDAQ:SWWC) today announced that it has acquired Diamond Water
Company and Water Services, Inc., consisting of 14 water systems that
serve approximately 7500 residents northwest of San Antonio.
"This acquisition extends our footprint in the high growth area
around San Antonio," said Mark A. Swatek, chief executive officer and
chairman of Southwest Water. "We look forward to serving our new
customers in this impor... |
| | | 05/03/07 | Southwest Water to Report Q1 2007 Financial Results and Host Conference Call on May 10, 2007| LOS ANGELES, May 03, 2007 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC), a leading provider of water
and wastewater services through utility ownership and contract
operations, will release its first quarter 2007 financial results on
Thursday, May 10, 2007 (before market hours). The company will host a
conference call later that day at 1:30 p.m. Pacific time (4:30 p.m.
Eastern) to discuss financial results and operations.
The call, broadcast live over the Internet by Thomson/CCBN... |
| | | 03/21/07 | Southwest Water Company Names DeLise L. Keim Vice President, Corporate Communications| LOS ANGELES, Mar 21, 2007 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) today announced the
promotion of DeLise L. Keim to Vice President, Corporate
Communications, responsible for designing and implementing the
company's public, investor and employee communications plans.
"DeLise has worked diligently in her role as Southwest Water's
senior communications officer and made significant contributions to
the company's success," said Mark Swatek, Southwest Water chief
executive off... |
| | | 03/16/07 | Southwest Water Company Reports Fourth Quarter and Full Year 2006 Financial Results|
Full Year 2006 Financial Highlights:
-- Revenues Rise 10% to $224.2 Million
-- Income from Continuing Operations Up 28% to $9.3 Million
-- Diluted Earnings per Share Reach $0.40
LOS ANGELES--(BUSINESS WIRE)--March 16, 2007--Southwest Water
Company (NASDAQ:SWWC) today reported financial results for the fourth
quarter and full year ended December 31, 2006.
Fourth Quarter Results
In the fourth quarter of 2006, revenues increased 11% ... |
| | | 03/08/07 | Southwest Water to Report 2006 Financial Results and Host Conference Call on March 16, 2007| LOS ANGELES--(BUSINESS WIRE)--March 8, 2007--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its 2006 year-end financial results on Friday, March 16, 2007
(before market hours). The company will host a conference call later
that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern) to discuss
financial results and operations.
The call, broadcast live over the Internet by Thomson/... |
| | | 03/01/07 | Southwest Water Acquires Mississippi Utility| LOS ANGELES--(BUSINESS WIRE)--March 1, 2007--Southwest Water
Company (NASDAQ:SWWC) today announced that it has purchased North
Mississippi Utility Co., Inc. which is comprised of five water and
wastewater systems that serve approximately 800 residents in Desoto
County, a growing area just south of Memphis.
"This transaction augments our existing contract services
operations in northern Mississippi and dovetails with our strategy of
expanding into geographic markets with high popul... |
| | | 02/28/07 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Feb. 28, 2007--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of
$0.0576 per share of common stock and $0.65625 per share of Series A
preferred stock. The dividends are payable on April 20, 2007 to
stockholders of record as of March 30, 2007.
Southwest Water Company provides a broad range of operations,
maintenance and management services, including water production,
treatment and distribution; wastewater collection and... |
| | | 02/16/07 | Charles W. Profilet, Jr., Named Executive Vice President of Southwest Water Services Group| LOS ANGELES--(BUSINESS WIRE)--Feb. 16, 2007--Southwest Water
Company (NASDAQ:SWWC) welcomes Charles W. Profilet, Jr., P.E., to the
new position of executive vice president of the national utility
management corporation's Southwest Water Services Group division,
headquartered in Sugar Land, Tex., near Houston. He will be
responsible for the division's operations, sales and marketing,
focusing initially on increasing margins by improving customer
service, contract compliance and trainin... |
| | | 12/15/06 | Linda Griego Elected to Southwest Water Company Board of Directors| LOS ANGELES--(BUSINESS WIRE)--Dec. 15, 2006--Southwest Water
Company (Nasdaq:SWWC) today announced that its board of directors has
elected Linda Griego as a director of the Company. Griego previously
served as a board member from 2001 until earlier this year when she
resigned for personal reasons. She fills the vacancy created by the
resignation of Peter Moerbeek in May 2006.
Griego, 58, is a prominent Los Angeles businesswoman with
extensive experience in the public sector. She s... |
| | | 12/14/06 | Southwest Water Company Increases Cash Dividend on Common Stock by 10%| LOS ANGELES, Dec 14, 2006 (BUSINESS WIRE) -- Southwest Water Company (Nasdaq:SWWC) today announced that its
board of directors has raised the company's quarterly cash dividend on
its common stock by 10%, representing the eleventh consecutive annual
increase.
The board declared a quarterly cash dividend of $0.0576 per share
on the company's common stock and a quarterly cash dividend of
$0.65625 per share on the company's Series A preferred stock. Both
dividends will be paid January 19, 200... |
| | | 11/09/06 | Southwest Water Company Reports Third Quarter 2006 Financial Results| Net Income Increases 22%
LOS ANGELES--(BUSINESS WIRE)--Nov. 9, 2006--Southwest Water
Company (NASDAQ:SWWC) today reported improved financial results for
the third quarter ended September 30, 2006. For the 2006 third
quarter, revenues increased 10% to $60.1 million from $54.7 million in
the third quarter of 2005. Net income grew 22% to $3.7 million, or
$0.16 per diluted share, compared with $3.0 million, or $0.14 per
diluted share, in the third quarter 2005. Weighted average dilute... |
| | | 11/07/06 | Southwest Water Appoints David Stanton as Executive Vice President of Corporate Development| LOS ANGELES--(BUSINESS WIRE)--Nov. 7, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced the appointment of David Stanton
as Executive Vice President of Corporate Development, a newly created
position.
"David's extensive knowledge of the water and wastewater business,
as well as his experience in the areas of business development,
finance and operations, will be of tremendous value to our
organization," said Mark Swatek, Southwest Water chief executive
officer and chairm... |
| | | 11/01/06 | Southwest Water to Report 2006 Third Quarter Financial Results and Host Conference Call on November 9, 2006| LOS ANGELES--(BUSINESS WIRE)--Nov. 1, 2006--Southwest Water
Company (Nasdaq:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its 2006 third quarter financial results on Thursday, November
9, 2006 (before market hours). The company will host an investor
conference call later that day at 1:30 p.m. Pacific time (4:30 p.m.
Eastern) to discuss financial results and operations.
The conference call, broadcast live ... |
| | | 10/02/06 | Southwest Water Renews $6.6 Million Annual Services Contract| LOS ANGELES--(BUSINESS WIRE)--Oct. 2, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced the renewal of water, wastewater
and public works operations contracts for the city of Gulfport,
Mississippi. This is the second renewal for Southwest Water's
Operations Technologies, Inc. subsidiary, which has been serving
Gulfport's water and sewer, streets and drainage, and billing and
customer service departments since 1999. The contracts are structured
in a series of seven renewable ... |
| | | 09/26/06 | Southwest Water Announces CPUC Decision in Southern California Rate Case| LOS ANGELES--(BUSINESS WIRE)--Sept. 26, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced that the California Public
Utilities Commission (CPUC) unanimously approved multi-year rate
increases for the company's southern California service region. The
decision authorized a rate increase of 6.4%, which became effective
late last month, and represents approximately $3.0 million of added
revenue on an annualized basis. Also approved were two additional rate
increases that are est... |
| | | 08/24/06 | Southwest Water Acquires Texas Utility| LOS ANGELES--(BUSINESS WIRE)--Aug. 24, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced the acquisition of a water
utility in Austin, Texas. The utility serves approximately 400
residents on the south side of Austin.
"Our Services Group continues to open doors for us to acquire
water and wastewater utilities," said Mark A. Swatek, chief executive
officer and chairman. "We have been operating this water system for
more than 10 years, which put us in an excellent position... |
| | | 08/18/06 | Southwest Water Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Aug. 18, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of
$0.0524 per share of common stock and $0.65625 per share of Series A
preferred stock. The dividends are payable on October 20, 2006, to
stockholders of record as of September 30, 2006.
Southwest Water Company provides a broad range of services
including water production, treatment and distribution; wastewater
collection and treatment; utility billing and c... |
| | | 08/09/06 | Southwest Water Company Reports Second Quarter 2006 Results| LOS ANGELES, Aug 09, 2006 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) today reported
financial results for the second quarter ended June 30, 2006. For the
2006 second quarter, revenues increased to $55.4 million from $51.3
million in the second quarter of 2005. Income from continuing
operations was $1.8 million compared with $3.0 million in the second
quarter of 2005. The decline in income from continuing operations was
primarily due to one-time costs of $0.7 million for execu... |
| | | 08/01/06 | Southwest Water to Report 2006 Second Quarter Financial Results and Host Conference Call on August 9, 2006| LOS ANGELES--(BUSINESS WIRE)--Aug. 1, 2006--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its 2006 second quarter financial results on Wednesday, August
9, 2006. The company will host an investor conference call later that
day at 1:30 p.m. Pacific time (4:30 p.m. Eastern) to discuss financial
results and operations.
The conference call, broadcast live over the Internet by
... |
| | | 05/19/06 | Southwest Water Appoints Chairman, Vice Chairman; Announces Resignation of President/COO| LOS ANGELES--(BUSINESS WIRE)--May 19, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced that its board of directors
elected chief executive officer, Mark A. Swatek, as a director and
chairman of the board, succeeding Anton C. Garnier, who remains a
director and was appointed executive vice chairman. Swatek was
appointed chief executive officer of Southwest Water in April and took
office on May 15th. The company also announced that Peter J. Moerbeek
has resigned as a director... |
| | | 05/17/06 | Southwest Water Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--May 17, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of
$0.0524 per share of common stock and $0.65625 per share of Series A
preferred stock. The dividends are payable on July 20, 2006, to
stockholders of record as of June 30, 2006.
Southwest Water Company provides a broad range of services,
including water production, treatment and distribution; wastewater
collection and treatment; utility billing and collectio... |
| | | 05/10/06 | Southwest Water Company Reports First Quarter 2006 Results; Revenues Increase to $50.8 Million, Net Income Increases to $0.8 Million| LOS ANGELES--(BUSINESS WIRE)--May 10, 2006--Southwest Water
Company (NASDAQ:SWWC) today reported financial results for the quarter
ended March 31, 2006.
First Quarter 2006 Compared with 2005:
-- Revenues increased 12.3% to $50.8 million from $45.2 million.
-- Operating income doubled to $3.0 million from $1.5 million.
-- Income from continuing operations increased to $0.7 million
from a loss of $0.1 million.
-- Net income was ... |
| | | 05/03/06 | Southwest Water to Report 2006 First Quarter Financial Results and Host Conference Call on May 10, 2006| LOS ANGELES--(BUSINESS WIRE)--May 3, 2006--Southwest Water Company
(NASDAQ:SWWC), a leading provider of water and wastewater services
through utility ownership and contract operations, will release its
2006 first quarter financial results on Wednesday, May 10, 2006. The
company will host an investor conference call that same day at 1:30
p.m. Pacific time (4:30 p.m. Eastern) to discuss financial results and
operations.
The conference call, broadcast live over the Internet by
Thoms... |
| | | 04/18/06 | Southwest Water Names Mark A. Swatek Chief Executive Officer| LOS ANGELES--(BUSINESS WIRE)--April 18, 2006--Southwest Water
Company (NASDAQ:SWWC) announced that its board of directors has
selected Mark A. Swatek chief executive officer. Swatek, 53, will join
the company in mid-May, succeeding Anton C. Garnier, chairman and
chief executive officer, who has led the company for 38 years.
"Mark Swatek brings a strong operating track record and more than
28 years of experience leading and managing companies in the water and
wastewater industry," ... |
| | | 04/11/06 | Stephen C. Held Named President, Southwest Water Services Group| LOS ANGELES--(BUSINESS WIRE)--April 11, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced the promotion of Stephen C. Held
to President, Southwest Water Services Group. Held, 55, assumes his
new duties from Peter J. Moerbeek, who remained the operating segment
president when he was promoted to president of Southwest Water Company
in 2004.
"During his 14 years with Southwest Water Company, Steve has shown
himself to be a strong leader and team builder," said Peter J.
Moe... |
| | | 03/16/06 | Southwest Water Company Reports 2005 Financial Results; Revenues Increase 13%, Income from Continuing Operations up 56%| LOS ANGELES--(BUSINESS WIRE)--March 16, 2006--Southwest Water
Company (NASDAQ:SWWC) today reported revenue and earnings for the year
ended December 31, 2005.
2005 Financial Highlights, Compared with 2004:
-- Revenues increased 13% to $203.2 million from $179.6 million.
-- Operating income increased 61% to $18.1 million from $11.2
million.
-- Income from continuing operations increased 56% to $7.3
million from $4.7 million.
... |
| | | 03/10/06 | Southwest Water to Report 2005 Financial Results and Host Conference Call on March 16, 2006| LOS ANGELES, Mar 10, 2006 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC), a leading
provider of water and wastewater services through utility ownership
and contract operations, will release its 2005 financial results on
Thursday, March 16, 2006. The company will host an investor conference
call that same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern) to
discuss financial results and operations.
The conference call, broadcast live over the Internet by
Thomson/CCBN, can be ac... |
| | | 03/09/06 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--March 9, 2006--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of
$0.0524 per share of common stock and $0.65625 per share of Series A
preferred stock. The dividends are payable on April 20, 2006, to
stockholders of record as of March 30, 2006. The company noted that
the common stock cash dividend is effectively unchanged from last
quarter's cash dividend, after considering the impact of the 5% stock
dividend distributed to ... |
| | | 12/08/05 | Southwest Water Announces the Start of a $7 Million Annual Contract| LOS ANGELES--(BUSINESS WIRE)--Dec. 8, 2005--Southwest Water
Company (NASDAQ:SWWC) today announced the start of a contract to
operate, manage and maintain a water treatment facility in Burbank,
Calif. The facility supplies approximately 30 percent of Burbank's
daily water needs, a city with a population of just over 100,000. The
contract is structured in a series of five renewable one-year
increments, each valued at approximately $7 million. In addition to
daily operation of the plant,... |
| | | 12/06/05 | Southwest Water Company to Present At Water Investment Conference| LOS ANGELES--(BUSINESS WIRE)--Dec. 6, 2005--Southwest Water
Company (Nasdaq:SWWC) will be among the featured companies presenting
at the New York Society of Security Analysts' Water Investor
Conference on Thursday, December 8, 2005. Anton C. Garnier, chairman
and chief executive officer, together with Peter J. Moerbeek,
president and chief operating officer, will provide an overview of
Southwest Water Company, including its strong financial performance,
unique business model and strat... |
| | | 11/22/05 | Southwest Water Names Walter J. Bench as Treasurer| LOS ANGELES--(BUSINESS WIRE)--Nov. 22, 2005--Southwest Water
Company (NASDAQ:SWWC) announced today that Walter J. Bench has joined
the company as treasurer, succeeding O'Donnell Iselin who left for a
position with another company. Bench, 54, brings more than 20 years of
experience in domestic and international finance, treasury operations
and risk management. His expertise includes cash management, corporate
finance, acquisitions and divestitures, insurance, pension and benefit
manage... |
| | | 11/11/05 | Southwest Water Increases Common Stock Cash Dividend 10%, Declares 5% Stock Dividend| LOS ANGELES--(BUSINESS WIRE)--Nov. 11, 2005--Southwest Water
Company (Nasdaq:SWWC) today announced that its board of directors
increased the company's common stock cash dividend by 10 percent, to
$0.055 from $0.05 per share, and declared a quarterly cash dividend of
$0.65625 per share on the company's Series A preferred stock. The cash
dividends will be paid on January 20, 2006, to stockholders of record
on December 30, 2005.
In addition, the board declared a 5 percent common stoc... |
| | | 11/10/05 | Southwest Water Initiates CEO Succession Process| LOS ANGELES--(BUSINESS WIRE)--Nov. 10, 2005--Southwest Water
Company (NASDAQ:SWWC) has begun a CEO succession process. In
yesterday's third quarter earnings conference call, Chairman of the
Board and CEO Anton C. Garnier, 65, announced that, in accordance with
prudent corporate governance practices, the company has retained an
executive recruiting firm to begin a CEO search that will include both
internal and external candidates.
Garnier said, "Having been with Southwest Water for... |
| | | 11/09/05 | Southwest Water Company Reports Strong Third Quarter 2005 Financial Results| LOS ANGELES--(BUSINESS WIRE)--Nov. 9, 2005--Southwest Water
Company (Nasdaq:SWWC) today reported gains in revenues, operating
income and income from continuing operations for the third quarter of
2005 compared with the same period in 2004.
Third Quarter Ended September 30, 2005 Results, Compared with
Third Quarter 2004:
Revenues increased 4 percent to $54.7 million from $52.6
million
Operating income grew 22 percent to $6.1 million, compared
with $... |
| | | 11/02/05 | Southwest Water to Report 2005 Third Quarter Results And Host Conference Call on Wednesday, November 9, 2005| LOS ANGELES, Nov 02, 2005 (BUSINESS WIRE) -- Southwest Water Company (Nasdaq:SWWC), a leading
provider of water and wastewater services through utility ownership
and contract operations, will release its third quarter 2005 financial
results on Wednesday, November 9, 2005. The company will host an
investor conference call that same day at 1:30 p.m. Pacific time (4:30
p.m. Eastern) to discuss financial results and operations.
The conference call will be broadcast live over the Internet and... |
| | | 09/20/05 | Southwest Water to Acquire Wastewater Utility; Transaction Expands Company's Presence in Alabama| LOS ANGELES--(BUSINESS WIRE)--Sept. 20, 2005--Southwest Water
Company (Nasdaq:SWWC) has reached an agreement to purchase the Shelby
County, Alabama wastewater system for $8.5 million. Both the Shelby
County Commission and the Southwest Water board of directors have
approved the transaction, which is scheduled to close within a month
subject to customary closing conditions. The wastewater utility serves
approximately 4,400 residential and commercial customers in a high
growth area loca... |
| | | 09/15/05 | Southwest Water Names James E. Mann as Controller| LOS ANGELES--(BUSINESS WIRE)--Sept. 15, 2005--Southwest Water
Company (NASDAQ:SWWC) today announced that James E. Mann has joined
the company as vice president, controller. Mann, 52, brings to the
position more than 20 years of experience in financial management of
rapidly growing mid-size and large companies in the service and
manufacturing sectors. His specialties include SEC regulatory
compliance, and he has experience with Sarbanes-Oxley documentation
and reporting.
Cheryl L. C... |
| | | 09/14/05 | Southwest Water Company Aids in Hurricane Katrina Recovery Efforts; Restores Water and Wastewater Service to 250,000 Residents; Transports Emergency Supplies to Affected Staff; Establishes Matching Fund for Employee Donations| LOS ANGELES--(BUSINESS WIRE)--Sept. 14, 2005--Shortly after
Hurricane Katrina tore through the Mississippi Gulf Coast, Southwest
Water Company (NASDAQ:SWWC) launched efforts to assist more than 300
of its employees and restore essential water and wastewater services
to a quarter of a million residents in the region. Through its
operating subsidiaries, Operations Technologies and ECO Resources,
Southwest Water provides contract operation, maintenance and
management services in D'Iberville,... |
| | | 08/12/05 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Aug. 12, 2005--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of $.05
per share of common stock and $.65625 per share of Series A preferred
stock. The dividends are payable on October 21, 2005, to stockholders
of record as of September 30, 2005.
Southwest Water Company provides a broad range of operation,
maintenance and management services, including water production,
treatment and distribution; wastewater collection and... |
| | | 08/09/05 | Southwest Water Company Reports Second Quarter Financial Results| LOS ANGELES--(BUSINESS WIRE)--Aug. 9, 2005--Southwest Water
Company (NASDAQ:SWWC) today reported record second quarter revenues,
operating income and net income from continuing operations. A loss
incurred on the sale of a subsidiary in June 2005 resulted in a net
loss for the quarter.
Second Quarter Ended June 30, 2005 Results, Compared with Second
Quarter 2004:
Revenues increased 18 percent to $51.3 million from $43.4
million
Operating income grew 4... |
| | | 08/02/05 | Southwest Water to Report 2005 Second Quarter Results And Host Conference Call on Tuesday, August 9, 2005| LOS ANGELES--(BUSINESS WIRE)--Aug. 2, 2005--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its second quarter 2005 financial results on Tuesday, August
9, 2005. The company will host an investor conference call that same
day at 1:30 p.m. Pacific time (4:30 p.m. Eastern) to discuss financial
results and operations.
The conference call will be broadcast live over the Internet an... |
| | | 06/30/05 | Southwest Water Company Sells Master Tek Subsidiary| LOS ANGELES, Jun 30, 2005 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) today announced
that it has sold Master Tek International, Inc., a wholly owned
subsidiary that provides utility submetering and billing and
collection services for multi-family residential properties
nationwide, to Minol USA for approximately $12 million. Southwest
Water does not anticipate that this sale will have a significant
impact on its ongoing operations.
Southwest Water expects to record a pret... |
| | | 06/02/05 | Southwest Water Company to Present at Water Investment Conferences| LOS ANGELES, Jun 02, 2005 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) today announced
that Anton C. Garnier, chairman and chief executive officer, and Peter
J. Moerbeek, president and chief operating officer, will present a
company overview at the Wall Street Transcript's Investing in the
Water Industry Conference on Tuesday, June 7, 2005, at 10:35 a.m. EDT
(7:35 a.m. PDT) at the Harvard Club in New York City. The company will
give the same presentation at the Wall Street Tran... |
| | | 05/16/05 | Southwest Water Company Declares Cash Dividends| LOS ANGELES, May 16, 2005 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) today announced
quarterly cash dividends of $.05 per share of common stock and $.65625
per share of Series A preferred stock. The dividends are payable on
July 21, 2005, to stockholders of record as of June 30, 2005.
Southwest Water Company provides a broad range of operations,
management and maintenance services, including water production,
treatment and distribution; wastewater collection and treatment... |
| | | 05/10/05 | CORRECTING and REPLACING Southwest Water Company Reports First Quarter 2005 Financial Results| LOS ANGELES--(BUSINESS WIRE)--May 10, 2005--In BW5504 issued May
10, 2005: Financial tables, Consolidated Balance Sheet Information,
Current liabilities for March 31, 2005, should read: $32,855 (sted
$32,390).
The corrected release reads:
SOUTHWEST WATER COMPANY REPORTS FIRST QUARTER 2005 FINANCIAL
RESULTS
Southwest Water Company (NASDAQ:SWWC) today reported its financial
results for the three months ended March 31, 2005.
First Quarter 2005, Compared with First... |
| | | 05/10/05 | Southwest Water Company Reports First Quarter 2005 Financial Results| LOS ANGELES, May 10, 2005 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) today reported its
financial results for the three months ended March 31, 2005.
First Quarter 2005, Compared with First Quarter 2004:
-- Revenues increased 18 percent to $46.9 million from $39.7
million.
-- Operating income rose 59 percent to $1.5 million from
$933,000.
-- Net loss, after interest expense of $2.0 million, was
$241,000, or $0.01 per share, versus n... |
| | | 05/03/05 | Southwest Water to Report 2005 First Quarter Results and Host Conference Call on Tuesday, May 10, 2005| LOS ANGELES, May 03, 2005 (BUSINESS WIRE) -- Southwest Water Company (Nasdaq:SWWC), a leading
provider of water and wastewater services through utility ownership
and contract operations, will release its first quarter 2005 financial
results on Tuesday, May 10, 2005. The company will host an investor
conference call that same day at 1:30 p.m. Pacific time (4:30 p.m.
Eastern) to discuss financial results and operations.
The conference call will be broadcast live over the Internet and
ca... |
| | | 04/19/05 | Southwest Water Grows in Southeastern U.S. with Acquisition of Novus Utility Services| LOS ANGELES, Apr 19, 2005 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) has increased its
market presence in the southeastern U.S. with the acquisition of the
business of Novus Utility Services, Inc., a water and wastewater
contract services company based in Birmingham, Ala. Novus operates and
maintains public, private and industrial water and wastewater systems
and provides a variety of related services.
"The Novus acquisition represents an important addition to our
Servic... |
| | | 04/11/05 | Southwest Water Company Promotes Cheryl Clary to Chief Financial Officer| LOS ANGELES, Apr 11, 2005 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC) today announced
that Cheryl L. Clary was promoted to chief financial officer,
succeeding Richard J. Shields. Clary, 49, has been the company's vice
president of finance since October 2004.
Anton C. Garnier, Southwest Water chairman and chief executive
officer, said, "Cheryl Clary's promotion to the CFO position completes
a planned transition that began in November 2004 when Richard Shields
informed us o... |
| | | 04/06/05 | Southwest Water Company Completes $100 Million Expanded Credit Facility| LOS ANGELES--(BUSINESS WIRE)--April 6, 2005--Southwest Water
Company (NASDAQ:SWWC) today announced the completion of a credit
facility with a syndicate of five banks led by Bank of America and
Union Bank of California. The new $100 million, five-year credit
facility replaces existing facilities of $50 million that were due to
expire in 2006. Southwest Water expects to use the credit facility for
general corporate purposes.
Anton C. Garnier, Southwest Water chairman and chief executi... |
| | | 03/17/05 | Southwest Water Subsidiary Wins Contract Awards in Georgia and Alabama| LOS ANGELES--(BUSINESS WIRE)--March 17, 2005--Southwest Water
Company (NASDAQ:SWWC) today announced that its Services Group
subsidiary, Operations Technologies, Inc. (OpTech) won water and
wastewater operations contracts in Forsyth, Ga., and Mobile County,
Ala., as well as renewal of its contract in Canton, Ga. The three
contracts add approximately $7.1 million to Southwest Water's revenue
backlog.
The 4.5-year Forsyth contract calls for OpTech to operate and
maintain two water tre... |
| | | 03/15/05 | Southwest Water Company Reports 2004 Financial Results| LOS ANGELES, Mar 15, 2005 (BUSINESS WIRE) -- For the year ended December 31, 2004, Southwest Water
Company (NASDAQ:SWWC) reported revenues of $188.0 million, operating
income of $11.6 million, net income of $4.5 million and earnings per
diluted common share of $0.24. This compares with revenues of $173.0
million, operating income of $14.8 million, net income of $7.2 million
and earnings per diluted common share of $0.47 for 2003. Weighted
average shares outstanding increased by 20 percent ... |
| | | 03/08/05 | Southwest Water to Report 2004 Financial Results And Host Conference Call on March 15, 2005| LOS ANGELES, Mar 08, 2005 (BUSINESS WIRE) -- Southwest Water Company (NASDAQ:SWWC), a leading
provider of water and wastewater services through utility ownership
and contract operations, will release its 2004 financial results on
Tuesday, March 15, 2005. The company will host an investor conference
call that same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern) to
discuss financial results and operations.
The conference call will be broadcast live over the Internet and
can be accesse... |
| | | 03/02/05 | Southwest Water and San Juan Capistrano Dedicate New Groundwater Recovery Plant| LOS ANGELES--(BUSINESS WIRE)--March 2, 2005--Southwest Water
Company (NASDAQ:SWWC) and San Juan Capistrano, Calif., officially
dedicated the city's new, $25 million Groundwater Recovery Plant at a
ceremony on Thursday, Feb. 17. The event marked the completion of a
two-year construction project, which Southwest Water managed through
its subsidiary ECO Resources, Inc., and the company has begun a
20-year, $20 million contract to operate and maintain the plant.
Comprising the dedicatio... |
| | | 02/14/05 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Feb. 14, 2005--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of $.05
per share of common stock and $.65625 per share of Series A preferred
stock. The dividends are payable on April 21, 2005, to stockholders of
record as of March 31, 2005. The company noted that the common stock
cash dividend is effectively unchanged from last quarter's cash
dividend, after considering the impact of the 5% stock dividend
distributed to sharehol... |
| | | 02/10/05 | Southwest Water Company Reports Preliminary Financial Results for 2004| LOS ANGELES--(BUSINESS WIRE)--Feb. 10, 2005--Southwest Water
Company (NASDAQ:SWWC) today announced that, for the year ended
December 31, 2004, it expects to report revenues of approximately $188
million, income before taxes of approximately $7 million and net
income of approximately $4.4 million. The company noted that these
preliminary results for 2004 are unaudited. In 2003, Southwest Water's
revenues totaled $173 million, with income before taxes of $11.2
million and net income of $7.2... |
| | | 12/16/04 | Southwest Water Company Declares 5% Stock Dividend| LOS ANGELES--(BUSINESS WIRE)--Dec. 16, 2004--Southwest Water
Company (NASDAQ:SWWC) today announced a 5% common stock dividend,
payable on January 21, 2005, to stockholders of record on January 3,
2005.
Anton C. Garnier, Southwest Water chairman and CEO, said, "In
declaring this stock dividend, our Board of Directors reaffirms its
confidence in the company's fundamental strength, as well as its
desire to reward stockholders and to increase the number of shares
available for trading.... |
| | | 11/29/04 | Southwest Water Company to Present at NYSSA Investor Conference on December 2| LOS ANGELES--(BUSINESS WIRE)--Nov. 29, 2004--Executives from
Southwest Water Company (NASDAQ:SWWC) are scheduled to present at the
New York Society of Security Analysts' 8th Annual "Investing in the
Water Industry" conference on Thursday, December 2, 2004. Anton C.
Garnier, chairman and chief executive officer, and Peter J. Moerbeek,
president and chief operating officer, will discuss the company's
fundamental investment qualities and strategies for continuing growth.
The presentati... |
| | | 11/09/04 | Southwest Water Company Reports Third Quarter 2004 Revenues and Earnings| LOS ANGELES, Nov 9, 2004 (BUSINESS WIRE) -- Southwest Water
Company (Nasdaq:SWWC) today is reporting revenues and earnings for the
third quarter ended September 30, 2004. The company is also updating
its business outlook for the remainder of 2004.
Third Quarter 2004 Summary, Compared with Third Quarter 2003:
Revenues were $55.0 million, compared with $51.4 million.
Operating income totaled $5.0 million, compared with $6.6
million.
Net income ... |
| | | 11/05/04 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--Nov. 5, 2004--Southwest Water
Company (NASDAQ:SWWC) today announced quarterly cash dividends of
$.0525 per share of common stock and $.65625 per share of Series A
preferred stock. The dividends are payable on January 21, 2005, to
stockholders of record on December 31, 2004.
Southwest Water Company provides a broad range of services
Including water production, treatment and distribution; wastewater
collection and treatment; utility billing and collection... |
| | | 11/02/04 | Southwest Water to Report 2004 Third Quarter Results and Host Conference Call on November 9, 2004| LOS ANGELES--(BUSINESS WIRE)--Nov. 2, 2004--Southwest Water
Company (NASDAQ:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will
release its 2004 third quarter financial results on November 9, 2004.
The company will host an investor conference call that same day at
1:30 p.m. Pacific time (4:30 p.m. Eastern) to discuss financial
results and operations.
The conference call will be broadcast live over the Internet and
can b... |
| | | 10/28/04 | Southwest Water Adds Executives to Financial Management Team| LOS ANGELES--(BUSINESS WIRE)--Oct. 28, 2004--Southwest Water
Company (NASDAQ:SWWC) today announced the appointment of two new
executives to its financial management team. Joining Southwest Water
are Cheryl Clary as vice president, finance, and O'Donnell Iselin as
treasurer.
"Cheryl and Don bring extensive and accomplished backgrounds in
the areas of finance, business development and strategic planning,"
said Anton C. Garnier, Southwest Water chairman and chief executive
officer. "T... |
| | | 09/07/04 | William D. Jones Appointed to Southwest Water Board| LOS ANGELES--(BUSINESS WIRE)--Sept. 7, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced that its board of directors, by
unanimous consent, appointed William D. Jones to serve as a director.
The board now consists of nine members, of whom seven are independent
directors.
Jones, 49, is president, chief executive officer and owner of
CityLink Investment Corporation, a real estate investment, development
and management firm. He serves as chairman of the Federal Reserve Bank
... |
| | | 08/25/04 | Southwest Water Company Completes Public Offering of Common Stock| LOS ANGELES--(BUSINESS WIRE)--Aug. 25, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced the completion of a public
offering of 1,825,000 shares of its common stock at a price to the
public of $11.90 per share, generating total net proceeds to the
company of approximately $20.7 million.
The underwriters managing the offering were A.G. Edwards & Sons,
Inc., Janney Montgomery Scott LLC, and J. J. B. Hilliard, W. L. Lyons,
Inc. The underwriters have an over allotment option t... |
| | | 08/16/04 | Southwest Water Company Announces Proposed Public Offering of 1.7 Million Common Shares| LOS ANGELES--(BUSINESS WIRE)--Aug. 16, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced that it intends to offer to the
public 1.7 million shares of its common stock, plus up to an
additional 255,000 shares to cover over-allotments, if any, under its
existing shelf registration statement.
The managing underwriters for the offering are A.G. Edwards &
Sons, Inc., Janney Montgomery Scott LLC, and J. J. B. Hilliard, W. L.
Lyons, Inc. A copy of the prospectus supplement and th... |
| | | 08/13/04 | Southwest Water Company Dismissed from Water Quality Lawsuits| LOS ANGELES, Aug 13, 2004 (BUSINESS WIRE) -- A Los Angeles
Superior Court judge has dismissed Southwest Water Company
(NASDAQ:SWWC), its California utility subsidiary and other water
suppliers in the San Gabriel Valley from water quality lawsuits
originally filed in 1997. In its ruling, the Court found that the
water companies had delivered water that met all state and federal
drinking water quality standards, and that there was no basis for the
plaintiffs' claims against them.
"The ... |
| | | 08/09/04 | Southwest Water Company Reports Increased Second Quarter 2004 Revenues and Earnings| LOS ANGELES--(BUSINESS WIRE)--Aug. 9, 2004--Southwest Water
Company (Nasdaq:SWWC) today reported higher revenues and earnings for
the second quarter ended June 30, 2004, compared with the same period
a year ago. The company also updated its business outlook for the
remainder of 2004.
Second Quarter 2004 Highlights, Compared with Second Quarter 2003:
Revenues increased 10 percent to $45.7 million from $41.5
million.
Operating income grew 48 percent to $... |
| | | 08/06/04 | Southwest Water Company Increases Cash Dividend by 10.5 Percent| LOS ANGELES--(BUSINESS WIRE)--Aug. 6, 2004--Southwest Water
Company (NASDAQ:SWWC) today announced a 10.5 percent increase in its
quarterly common share cash dividend, from $.0475 to $.0525 per share.
The company's Board of Directors also declared a quarterly cash
dividend of $.65625 per share of Series A preferred stock. The cash
dividends will be paid on October 21, 2004, to stockholders of record
on September 30, 2004.
Anton C. Garnier, Southwest Water chairman and chief executive... |
| | | 08/02/04 | Southwest Water Company to Host 2004 Second Quarter Financial Results Conference Call on August 9, 2004| LOS ANGELES--(BUSINESS WIRE)--Aug. 2, 2004--Southwest Water
Company (Nasdaq:SWWC), a leading provider of water and wastewater
services through utility ownership and contract operations, will host
a conference call at 1:30 p.m. Pacific time (4:30 p.m. Eastern) on
Monday, August 9, 2004, to discuss financial results for the second
quarter ended June 30, 2004. The company plans to release its earnings
announcement earlier that same day.
The conference call will be broadcast live over... |
| | | 07/23/04 | Peter J. Moerbeek Named President of Water Partnership Council| LOS ANGELES--(BUSINESS WIRE)--July 23, 2004--Peter J. Moerbeek,
president and chief operating officer of Southwest Water Company
(Nasdaq:SWWC), has been named president of the Washington, D.C.-based
Water Partnership Council (WPC) for 2004-2005.
Formed in 2001, the WPC is comprised of companies that provide
contract operation and maintenance services for water and wastewater
systems. The organization's mission is to advance the cause of
sustainable water quality in the United States... |
| | | 07/16/04 | Southwest Water Acquires Texas Utility| LOS ANGELES--(BUSINESS WIRE)--July 16, 2004--Southwest Water
Company (Nasdaq:SWWC) has completed its acquisition of a Texas utility
consisting of 86 water systems and 11 wastewater systems from Tecon
Water Holdings, L.P. The approximately $63 million purchase price was
paid by the assumption of approximately $18 million in existing debt
and the remainder in cash. Southwest Water recently expanded its
primary credit facilities by $30 million to provide additional
liquidity in anticipation ... |
| | | 06/04/04 | Southwest Water Company to Present at Water Investment Conference| LOS ANGELES--(BUSINESS WIRE)--June 4, 2004--Southwest Water
Company (NASDAQ:SWWC) today announced that Peter J. Moerbeek,
president and chief operating officer, and Richard J. Shields, chief
financial officer, will present a company overview at the Wall Street
Transcript's Investing in the Water Industry Conference on Tuesday,
June 8, 2004, at 11:00 a.m. EDT (8:00 a.m. PDT) at the Harvard Club in
New York City. The company will give the same presentation at the Wall
Street Transcript'... |
| | | 05/14/04 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--May 14, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced quarterly cash dividends of
$.0475 per share of common stock and $.65625 per share of Series A
preferred stock. The dividends are payable on July 21, 2004, to
stockholders of record on June 30, 2004.
Southwest Water Company provides a broad range of services: water
production, treatment and distribution; wastewater collection and
treatment; public works services; utility billing and col... |
| | | 05/11/04 | Southwest Water Company Reports First Quarter 2004 Financial Results| LOS ANGELES--(BUSINESS WIRE)--May 11, 2004--Southwest Water
Company (Nasdaq:SWWC) today reported its financial performance for the
first quarter of 2004.
First Quarter 2004 Highlights, Compared with First Quarter 2003:
Revenues increased 10 percent to $39.7 million from $36.1
million.
Operating income rose 1 percent to $933,000 from $918,000.
The company recorded net income of $18,000, or $0.00 per
diluted share, versus a net loss of ... |
| | | 05/04/04 | Southwest Water Company to Host 2004 First Quarter Financial Results Conference Call on May 11, 2004| LOS ANGELES--(BUSINESS WIRE)--May 4, 2004--Southwest Water Company
(Nasdaq:SWWC), a leading provider of water and wastewater services
through utility ownership and contract operations, will host a
conference call at 1:30 p.m. Pacific time (4:30 p.m. Eastern) on
Tuesday, May 11, 2004, to discuss financial results for the first
quarter ended March 31, 2004. The company plans to release its
earnings announcement earlier that same day.
The conference call will be broadcast live over t... |
| | | 05/03/04 | Southwest Water Company to Acquire Water Utilities in Texas and Oklahoma| LOS ANGELES--(BUSINESS WIRE)--May 3, 2004--Southwest Water Company
(Nasdaq:SWWC) today announced signing a purchase agreement to acquire
87 water utilities and 12 wastewater utilities from Tecon Water
Holdings, L.P. The approximately $63 million purchase price will be
paid by the assumption of existing debt and the remainder in cash.
Pending regulatory approval, the transaction is expected to close in
the third quarter of 2004.
The Tecon utilities currently serve approximately 21,00... |
| | | 03/29/04 | Southwest Water Company Completes Public Offering of Common Stock| LOS ANGELES--(BUSINESS WIRE)--March 29, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced the completion of its previously
announced public offering of 1,400,000 shares of its common stock and
the additional sale of 210,000 shares pursuant to the full exercise by
the underwriters of their over-allotment option. The 1,610,000 shares
were sold at a price to the public of $13.58 per share. Total net
proceeds to the Company were approximately $20.7 million.
The underwriters ma... |
| | | 03/22/04 | Southwest Water Announces Proposed Public Offering of 1,400,000 Common Shares| LOS ANGELES--(BUSINESS WIRE)--March 22, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced that it intends to offer to the
public 1,400,000 of its common shares, plus up to an additional
210,000 shares to cover over-allotments, if any, under its shelf
registration statement previously declared effective by the Securities
and Exchange Commission.
The managing underwriters for the offering are A.G. Edwards &
Sons, Inc. and Janney Montgomery Scott LLC. A copy of the prospectus... |
| | | 03/18/04 | Southwest Water Company Declares Cash Dividends| LOS ANGELES--(BUSINESS WIRE)--March 18, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced quarterly cash dividends of
$.0475 per share of common stock and $.65625 per share of Series A
preferred stock. The dividends are payable on April 21, 2004, to
stockholders of record on March 31, 2004.
Southwest Water Company provides a broad range of services: water
production, treatment and distribution; wastewater collection and
treatment; public works services; utility billing and... |
| | | 03/16/04 | Southwest Water Company Reports Record Revenues and Earnings for 2003| LOS ANGELES--(BUSINESS WIRE)--March 16, 2004--Southwest Water
Company (Nasdaq:SWWC) today reported record revenues and earnings for
2003.
2003 Full Year Highlights, Compared with 2002:
-- Revenues increased 32 percent to $173 million from $131
million.
-- Operating income grew 37 percent to $15 million, compared with
$11 million.
-- Net income rose 20 percent to $7.2 million from $6.0 million.
-- Diluted earnings per share totaled $0.4... |
| | | 02/25/04 | Peter J. Moerbeek Named President And COO of Southwest Water Company| LOS ANGELES--(BUSINESS WIRE)--Feb. 25, 2004--Southwest Water
Company (Nasdaq:SWWC) today announced the promotion of Peter J.
Moerbeek to president and chief operating officer. Moerbeek, 56, will
remain president of the company's Services Group and a member of the
Southwest Water board of directors.
"During his career at Southwest Water Company, Pete has helped us
deliver outstanding financial results," said Anton C. Garnier,
chairman and chief executive officer. "He has developed an... |
| | | 12/24/03 | Southwest Water Provides 2004 Business Outlook| LOS ANGELES, Dec 24, 2003 (BUSINESS WIRE) -- Southwest Water
Company (Nasdaq:SWWC) today provided its business outlook for 2004,
including increased revenues and profits.
Anton C. Garnier, Southwest Water president and chief executive
officer, said, "We have achieved strong revenue and profit growth in
2003, and while we will face challenges next year, we believe that
both our Utility Group and Services Group will deliver organic revenue
growth and higher operating income in 2004. We ... |
| | | 12/08/03 | Southwest Water Company to Present at Investor Conferences on December 9 and 11| LOS ANGELES, Dec 8, 2003 (BUSINESS WIRE) -- Executives from
Southwest Water Company (Nasdaq:SWWC) are scheduled to present a
company overview at two major investment conferences this week.
Executive Vice President Peter J. Moerbeek and Chief Financial Officer
Richard J. Shields will present at the New York Society of Securities
Analysts' 7th Annual Investing in the Water Industry Conference on
Tuesday, December 9, at 10:40 a.m. Eastern Time (7:40 a.m. Pacific).
Anton C. Garnier, Southwe... |
| | | 11/12/03 | Southwest Water Company Reports Record 2003 Third Quarter Revenues and Earnings| LOS ANGELES, Nov 12, 2003 (BUSINESS WIRE) -- Southwest Water
Company (Nasdaq:SWWC) today reported record revenues and earnings for
the third quarter ended September 30, 2003, surpassing results for all
prior quarters in the company's history.
2003 Third Quarter Highlights, Compared with 2002:
-- Revenues increased 49 percent to $51.4 million from $34.6
million.
-- Operating income rose 78 percent to $6.6 million, compared
with $3.7 million.
--... |
| | | 11/10/03 | Southwest Water Increases Cash Dividend By 9.2% and Declares 4-for-3 Stock Split| LOS ANGELES, Nov 10, 2003 (BUSINESS WIRE) -- Southwest Water
Company (Nasdaq:SWWC) today announced a 9.2 percent increase in its
quarterly common share cash dividend, from $.058 to $.0633 per share.
The company's Board of Directors also declared a quarterly cash
dividend of $.65625 per share of Series A preferred stock. The cash
dividends will be paid on January 20, 2004, to stockholders of record
on December 31, 2003.
In addition to the cash dividends, the Board declared a 4-for-3
s... |
| | | 11/04/03 | Southwest Water Subsidiary Wins Public-Private Partnership Award; Third Consecutive Year Company Is Honored| LOS ANGELES, Nov 4, 2003 (BUSINESS WIRE) -- Southwest Water
Company (Nasdaq:SWWC) today announced that Operations Technologies,
Inc. (OpTech), a member of the company's Services Group, has won an
award from the National Council for Public-Private Partnerships
(NCPPP) for outstanding delivery of public works services in the city
of Long Beach, Miss. The award is one of only five given by the NCPPP
this year.
The NCPPP said that a key to winning the award was documentation
showing that... |
| | | 10/30/03 | Southwest Water Announces Conference Call to Discuss Third Quarter 2003 Financial Results| LOS ANGELES, Oct 30, 2003 (BUSINESS WIRE) -- Southwest Water
Company (Nasdaq:SWWC), a leading provider of water and wastewater
services through contract and utility operations, will host a
conference call at 1:30 p.m. Pacific time (4:30 p.m. Eastern) on
Wednesday, November 12, 2003, to discuss financial results for the
third quarter of 2003. The company plans to release its earnings
announcement earlier that same day.
Anton C. Garnier, Southwest Water president and CEO, will be
joine... |
| | | 09/15/03 | Southwest Water Subsidiary Renews Contracts With Georgia Department of Corrections| WEST COVINA, Calif.--(BUSINESS WIRE)--Sept. 15, 2003--Southwest
Water Company (Nasdaq:SWWC) today announced that its subsidiary,
Operations Technologies, Inc. (OpTech), has received a six-year, $1
million renewal of its water and wastewater operations contracts from
the Georgia Department of Corrections. The renewed contracts, at
Rogers State Prison in Reidsville and Lee State Prison in Leesburg,
both in southern Georgia, were awarded after an open competition.
Anton C. Garnier, Sou... |
| | | 09/02/03 | Cash Dividends Declared By Southwest Water Company| WEST COVINA, Calif., Sep 2, 2003 (BUSINESS WIRE) -- Southwest
Water Company (Nasdaq:SWWC) today announced quarterly cash dividends
of $.058 per share of common stock and $.65625 per share of Series A
preferred stock. The dividends are payable on October 17, 2003, to
stockholders of record on September 30, 2003.
Southwest Water Company provides a broad range of services: water
production, treatment and distribution; wastewater collection and
treatment; public works services; utility su... |
| | | 08/12/03 | Southwest Water Company Reports Increased Second Quarter Revenue and Earnings| WEST COVINA, Calif.— August 12, 2003—Southwest Water Company
( Nasdaq:SWWC )
today reported increased revenues and earnings for the second quarter
ended June 30, 2003. The company is also updating its business outlook
for the remainder of 2003.
Q2 2003 Highlights:
Revenues increased 27 percent to $41.5 million
Operating income rose 85 percent to $3.5 million
Diluted EPS was $0.18 versus $0.16 in Q2 of 200... |
| | | 07/30/03 | Southwest Water Announces Conference Call To Discuss Second Quarter 2003 Financial Results | WEST COVINA, California, July 30, 2003 – Southwest Water Company
( Nasdaq:SWWC ),
a leading provider of water and wastewater services through contract
and utility operations, will host a conference call at 1:30 p.m. PDT
(4:30 p.m. EDT) on Tuesday, August 12, 2003, to discuss financial results
for the second quarter of 2003. The company plans to release its earnings
announcement earlier that same day.
Anton C. Garnier, Southwes... |
| | | 06/04/03 | 10-year, $30-Million Operations Contract Awarded to Southwest Water Company| WEST COVINA, Calif., June 4, 2003 – The city of Pascagoula, Miss.,
has awarded the Operations Technologies (OpTech) subsidiary of Southwest
Water Company
( Nasdaq:SWWC ),
a 10-year, $30-million contract to operate its public works department.
OpTech began managing water production and distribution, sewage collection
and treatment, and other public works services for the Gulf Coast city's
30,000 residents on June 1, 2003.
... |
| | | 05/29/03 | Southwest Water Company Completes $12 Million Private Placement of Common Stock| WEST COVINA, Calif., May 29, 2003 – Southwest Water Company
( Nasdaq:SWWC )
announced today that it has completed a private placement of 1,108,033
shares of its newly issued common stock for aggregate gross proceeds
of $12 million. The proceeds of this financing are intended to fund working
capital needs in support of the Company's growth strategy and for
general corporate purposes.
Commenting on the transaction, Anton C. Garnier,... |
| | | 05/14/03 | Southwest Water Company Updates 2003 Guidance| WEST COVINA, California, May 14, 2003 – Southwest Water Company
( Nasdaq:SWWC )
today updated full-year financial guidance for 2003, including an anticipated
30 to 35 percent increase in operating income over 2002. The company
announced the update during an earnings conference call on Tuesday, May
13, 2003. The call was broadcast live, and a replay is available here .
Anton C. Garnier, Southwest Water president and CEO, said, “Our
... |
| | | 05/13/03 | First Quarter 2003 Financial Results Reported by Southwest Water Company| WEST COVINA, Calif.—May 13, 2003—For the three months ended
March 31, 2003, Southwest Water Company
( Nasdaq:SWWC )
reported revenues of $36.1 million, operating income of $921,000, and
a net loss of $149,000, or $.02 per diluted share. This compares to revenues
of $28.2 million, operating income of $1.9 million, and net income of
$1.2 million, or $.11 per diluted share, for the same period in 2002.
Net income for the prior-year p... |
| | | 04/29/03 | Southwest Water Announces Conference Call To Discuss First Quarter 2003 Financial Results| WEST COVINA, California, April 29, 2003 – Southwest Water Company
( Nasdaq:SWWC )
a leading provider of water and wastewater services through contract
and utility operations, will host a conference call at 1:30 p.m. PDT
(4:30 p.m. EDT) on Tuesday, May 13, 2003, to discuss financial results
for the first quarter of 2003. The company plans to release its earnings
announcement earlier that same day.
Anton C. Garnier, Southwest Water pre... |
| | | 04/24/03 | Cash Dividends Declared By Southwest Water Company | WEST COVINA, California, April 24, 2003 – The Board of Directors
of Southwest Water Company
( Nasdaq:SWWC )
at a regular meeting on April 23, 2003, declared quarterly cash dividends
of $.058 per share of common stock and $.65625 per share of Series A
preferred stock. The dividends are payable on July 21, 2003, to stockholders
of record on June 30, 2003.
Southwest Water Company provides a broad range of services, including
wat... |
| | | 03/31/03 | Southwest Water Company Elects To Expense Stock Options| WEST COVINA, Calif. — March 31, 2003 — Southwest Water Company
( Nasdaq:SWWC )
today announced that it has changed its accounting for stock options to
expense the cost of option grants. The company adopted the fair value
based method of recording stock options detailed in Statement of Financial
Accounting Standards (SFAS) No. 123, Accounting for Stock Based Compensation .
The Financial Accounting Standards Board has identified this as ... |
| | | 03/20/03 | Southwest Water Company Corrects Cash Dividend Release| WEST COVINA, Calif. — March 20, 2003 — Southwest Water Company
( Nasdaq:SWWC )
today announced a correction to its news release of March 18, 2003, announcing
first quarter 2003 cash dividends. The correct first quarter 2003 cash
dividend is $.058 per common share, which is equivalent to our fourth
quarter 2002 cash dividend of $.061 per share, after considering our 5
percent common stock dividend effective January 1, 2003. The first qua... |
| | | 03/18/03 | Cash Dividends Declared By Southwest Water Company| WEST COVINA, Calif. — March 18, 2003 — Southwest Water Company
( Nasdaq:SWWC )
today announced that its Board of Directors declared quarterly cash dividends
of $.056 per share of common stock and $.65625 per share of Series A preferred
stock. The dividends are payable on April 21, 2003, to stockholders of
record on March 31, 2003.
Southwest Water Company provides a broad range of services, including
water production, treatment ... |
| | | 02/14/03 | Southwest Water Announces Financial Guidance for 2003 | WEST COVINA, Calif. — February 14, 2003— Southwest Water Company
( Nasdaq:SWWC ),
has announced guidance with regard to anticipated revenues and operations
in 2003. The company made its announcement during an earnings conference
call on Thursday, February 13, 2003. The call was broadcast live, and
a replay is available, on the company's Web site. Click here to hear the
broadcast.
Anton C. Garnier, Southwest Water president an... |
| | | 02/13/03 | 2002 Revenues Rise 13%, Net Income Increases 9%, And EPS Gains 6% at Southwest Water Company| WEST COVINA, Calif. — February 13, 2003— Southwest Water Company
( Nasdaq:SWWC )
a leading provider of water and wastewater services, today reported 2002
financial results. Revenues were $130.8 million, up 13% from $115.5 million
in 2001, and net income increased 9% from $6.2 million in 2001 to $6.8
million in 2002. Diluted earnings per share increased 6% from $0.62 in
2001 to $0.66 in 2002, after adjusting for a 5% stock dividend on Ja... |
| | | 01/14/03 | Bonds Sold For $25-Million Water Treatment Plant Project for Capistrano Valley Water District| WEST COVINA, Calif. — January 14, 2003— Southwest Water Company
( Nasdaq:SWWC )
today announced accomplishment of an important milestone in its project
to design and construct a $25-million reverse osmosis water treatment
facility in San Juan Capistrano, California. Funding for the project is
assured with completion on January 8, 2003 of the sale of tax-exempt,
AAA-rated bonds, underwritten by Lehman Brothers and issued by the San
... |
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