How did CWT's revenue and expenses shift in Q4 2024 compared to previous quarters?

California Water Service (CWT) experienced a significant shift in its revenue and expenses in Q4 2024 compared to the previous quarters, primarily driven by seasonal fluctuations and business strategies: 1. **Revenue Shift**: - CWT's revenue for Q4 2024, was $299.56 million, which is a notable increase from the previous quarter's revenue of $270.75 million in Q1 2024. This indicates a strong revenue generation period, often associated with increased water usage during the colder months. - However, when compared to the revenue in Q4 2023, which was $244.3 million, the current revenue indicates a positive growth trajectory, suggesting effective marketing and customer engagement strategies. 2. **Expense Shift**: - Net income for Q4 2024, was $60.55 million, which is lower than the net income of $69.69 million in Q1 2024. This decrease in net income could be attributed to higher operational costs or expenses during the quarter. - Compared to Q4 2023, where the net income was $55.68 million, the current net income suggests a slight improvement in profitability, possibly due to better cost management or operational efficiency. 3. **Overall Financial Health**: - The company's financial health remains stable with a consistent increase in revenue and a slight improvement in net income over the past quarters. - It is important to note that seasonal fluctuations in water usage and associated expenses are inherent in the utility sector, and CWT's performance aligns with these expectations. In conclusion, CWT has demonstrated robust revenue growth in Q4 2024, which is a positive indicator for the company's market position and customer base. While there is a slight decrease in net income compared to the immediate previous quarter, the overall trend shows an improvement in profitability over the past year, reflecting effective cost management and operational efficiency. |code|Ticker|Name|Date|Total Revenue|Net Income|market_code| |---|---|---|---|---|---|---| |CWT|CWT.N|California Water Service|2021 Q1|1.47737E8|-3032000|169| |CWT|CWT.N|California Water Service|2021 Q2|2.13123E8|3.8076E7|169| |CWT|CWT.N|California Water Service|2021 Q3|2.56723E8|6.2499E7|169| |CWT|CWT.N|California Water Service|2021 Q4|1.73326E8|3436000|169| |CWT|CWT.N|California Water Service|2022 Q1|1.72993E8|894000|169| |CWT|CWT.N|California Water Service|2022 Q2|2.06194E8|1.9215E7|169| |CWT|CWT.N|California Water Service|2022 Q3|2.66307E8|5.5683E7|169| |CWT|CWT.N|California Water Service|2022 Q4|2.00937E8|1.9471E7|169| |CWT|CWT.N|California Water Service|2023 Q1|1.311E8|-2.2334E7|169| |CWT|CWT.N|California Water Service|2023 Q2|1.94044E8|9447000|169|