| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
12 |
| Employees |
265 |
| Revenues (TTM) (Millions $) |
120 |
| Net Income (TTM) (Millions $) |
30 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
113 |
Business Description
Connecticut Water Service Inc (CTWS) is a public water utility holding company headquartered in Clinton, Connecticut. It provides water services to about 135,000 customers across 60 municipalities in Connecticut and Maine.
History:
The company was founded in 1956 in rural Connecticut to provide water services to its community members. Over the years, it grew and expanded its services to neighboring towns through mergers and acquisitions. In 2019, CTWS merged with SJW Group, and the combined company is now known as Essential Utilities, Inc.
Services:
CTWS provides drinking water and related services to its residential, commercial, and industrial customers. The company owns and operates several water systems and wells, dispatches repair crews, and employs water treatment professionals.
Financials:
As of 2021, CTWS had a market capitalization of around $809 million and generates an annual revenue of approximately $119 million. The company has experienced steady growth over the years, with a compound annual growth rate of7% in revenue from 2016 to 2020.
Social Responsibility:
CTWS is committed to sustainability, conservation, and community engagement. The company operates water conservation programs that educate consumers about responsible water usage and encourages them to reduce wastage. Moreover, CTWS collaborates with local community groups and non-profit organizations to support local initiatives, such as sponsoring community events and donating to charity, among others.
Conclusion:
Connecticut Water Service Inc is a leading water utility company that provides essential water services to its customers in Connecticut and Maine. The company has a track record of steady growth driven by its commitment to responsible business practices and community engagement. With its recent merger with SJW Group, the company is poised to continue to grow and provide quality services to its expanding customer base.
Company Address: 93 West Main Street, Clinton, 6413 CT
Company Phone Number: 669-8636 Stock Exchange / Ticker: NASDAQ CTWS
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