SouthWest Water Company

2006 News Releases

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12/15/06Linda 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... 
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12/14/06Southwest 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... 
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11/09/06Southwest 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... 
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11/07/06Southwest 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... 
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11/01/06Southwest 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 ... 
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10/02/06Southwest 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 ... 
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09/26/06Southwest 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... 
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08/24/06Southwest 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... 
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08/18/06Southwest 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... 
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08/09/06Southwest 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... 
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08/01/06Southwest 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 ... 
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05/19/06Southwest 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... 
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05/17/06Southwest 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... 
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05/10/06Southwest 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 ... 
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05/03/06Southwest 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... 
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04/18/06Southwest 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," ... 
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04/11/06Stephen 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... 
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03/16/06Southwest 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. ... 
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03/10/06Southwest 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... 
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03/09/06Southwest 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 ... 
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