California Water Service Group

financial highlights

Year ended December 312006 2005 2004 2003 2002
Market price at year-end$40.40 $38.23 $37.65 $27.40 $23.65
Book value18.31 15.98 15.66 14.44 13.12
Earnings per share (diluted)1.34 1.47 1.46 1.21 1.25
Dividends per share1.150 1.140 1.130 1.125 1.120
Revenue334,717 320,728 315,567 277,128 263,151
Net income25,580 27,223 26,026 19,417 19,073


company overview

California Water Service Group (NYSE: CWT) is the second largest investor-owned water utility in the United States, providing high-quality water utility services to more than 2 million people in 100 communities through five subsidiaries: California Water Service Company (Cal Water), Hawaii Water Service Company, Inc. (Hawaii Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), and CWS Utility Services (Utility Services). Cal Water, Hawaii Water, New Mexico Water, and Washington Water provide regulated water utility services, while Utility Services conducts the Company's non-regulated business, which includes providing billing, water quality testing, and water system operations and management services to cities and other companies.

Complete 2006 Annual Report (3MB PDF)
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