CWT | Jotup

American Express Global Business Travel Reports Strong Q1 2024 Financial Results and Reiterates 2024 Outlook

Retrieved on:

火曜日, 5月 7, 2024

Professional Services, Technology, Other Travel, Software, Finance, Travel, Banking, Acquisition, TTV, Growth, Investment, Acceleration, CWT, Free cash flow, Bank

Revenue of $610 million increased $32 million, or 6%, in line with the Company's expectations for the quarter.

Key Points:

Revenue of $610 million increased $32 million, or 6%, in line with the Company's expectations for the quarter.
Within this, Travel Revenue increased $25 million, or 5%, primarily due to Transaction Growth partially offset by a small decline in yield.
Product and Professional Services Revenue increased $7 million, or 7%, primarily due to increased management fees and increased product and consulting revenue.
Net Debt was $888 million as of March 31, 2024, compared to $886 million as of December 31, 2023.

California Water Service Group Board of Directors Declares 317th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase

Retrieved on:

水曜日, 4月 24, 2024

SAN JOSE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- At its meeting on April 24, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 317th consecutive quarterly dividend in the amount of $0.28 per common share.

Key Points:

SAN JOSE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- At its meeting on April 24, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 317th consecutive quarterly dividend in the amount of $0.28 per common share.
California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company.
Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas.
California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com .

Amex GBT to Acquire CWT

Retrieved on:

月曜日, 3月 25, 2024

Professional Services, Technology, Other Travel, Software, Finance, Travel, Banking, GBT, Acquisition, Adjustment, Retirement, CWT, Fine chemical

Based on CWT estimated 2024 revenue of approximately $850 million, Amex GBT acquiring CWT for 0.7x revenue multiple.

Key Points:

Based on CWT estimated 2024 revenue of approximately $850 million, Amex GBT acquiring CWT for 0.7x revenue multiple.
Strong balance sheet and leverage profile: Amex GBT maintains a strong balance sheet and post-deal leverage stays within Amex GBT’s target range of 1.5x–2.5x.
Amex GBT acquiring CWT for pre-synergy multiple of 7.6x and post-synergy multiple of 2.5x Adjusted EBITDA, based on CWT estimated 2024 Adjusted EBITDA of $70 million –$80 million and $155 million identified synergies.
Amex GBT acquiring CWT for 0.7x revenue multiple, based on CWT estimated 2024 revenue of approximately $850 million.

California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter

Retrieved on:

木曜日, 2月 29, 2024

Operating revenue in 2023 was $794.6 million, a $51.8 million decrease from 2022 operating revenue of $846.4 million.

Key Points:

Operating revenue in 2023 was $794.6 million, a $51.8 million decrease from 2022 operating revenue of $846.4 million.
Total operating expenses in 2023 were $717.5 million, a $1.3 million decrease from 2022 operating expenses of $718.8 million.
Income tax benefit for the fourth quarter of 2023 increased $11.2 million to $13.8 million compared to the fourth quarter of 2022.
In the fourth quarter of 2023, net other income increased $2.7 million to $7.0 million from $4.3 million in the fourth quarter of 2022.

California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase

Retrieved on:

金曜日, 1月 26, 2024

Weather, Uncertainty, SAN, California Water Service, CWT, Climate change, California Water Service Group, Risk management, Nature, PSLRA, News, Security (finance), Water quality

SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- At its meeting on January 25, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 316th consecutive quarterly dividend, increasing the annual dividend by $0.08, or 7.7% from $1.04 to $1.12.

Key Points:

SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- At its meeting on January 25, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 316th consecutive quarterly dividend, increasing the annual dividend by $0.08, or 7.7% from $1.04 to $1.12.
This represents the company’s 57th consecutive annual dividend increase.
California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company.
California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com .

Amadeus and CWT partner to bring Cytric Easy to corporate travel programs in the United States

Retrieved on:

水曜日, 12月 6, 2023

NDC, Policy, CWT, Multimedia, Travel, Microsoft Teams, Villiers, Microsoft, Amadeus, Environment, Online shopping

MIAMI, Dec. 6, 2023 /PRNewswire-PRWeb/ -- Amadeus will significantly grow its presence in the United States corporate travel management market, by partnering with CWT to launch Cytric Easy to clients. The global business travel management company will be among the first to debut the solution in the North American market, working in close collaboration with the innovative travel technology provider to expand its reach.

Key Points:

"We are delighted to partner with CWT to bring Cytric Easy to a growing audience in the United States.
The pioneering solution lets corporate travel managers keep control of spend, while meeting the needs of business travelers," said Paul de Villiers, SVP Global Business Travel Accounts at Amadeus.
Seamlessly embedded in Microsoft 365, Cytric Easy makes the experience of planning and booking business travel more fluid.
Paul de Villiers, SVP Global Business Travel Accounts at Amadeus said: "We are delighted to partner with CWT to bring Cytric Easy to a growing audience in the United States.

Travelex announces VP of sales, Matt Seymour

Retrieved on:

水曜日, 11月 1, 2023

Travelex, CWT, Insurance, Growth, Negotiation, COVID, US Airways, Travel, Airline, United Airlines

OMAHA, Neb., Nov. 1, 2023 /PRNewswire/ -- As the U.S. travel industry continues to recover, Travelex Insurance Services Inc. has named Matt Seymour vice president of sales across the business.

Key Points:

OMAHA, Neb., Nov. 1, 2023 /PRNewswire/ -- As the U.S. travel industry continues to recover, Travelex Insurance Services Inc. has named Matt Seymour vice president of sales across the business.
"The travel industry really bounced back this year, creating new opportunities for Travelex, so Matt is joining us at the optimal time," said Shannon Lofdahl, President and CEO at Travelex.
"I'm excited to join the Travelex team and to learn more about the insurance aspects of the industry," Seymour said.
I'm proud to be part of Travelex and its mission to protect travelers wherever they are in the world."

California Water Service Group Board of Directors Declares 315th Consecutive Quarterly Dividend

Retrieved on:

水曜日, 10月 25, 2023

SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 315th consecutive quarterly dividend in the amount of $0.26 per common share.

Key Points:

SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 315th consecutive quarterly dividend in the amount of $0.26 per common share.
California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company.
Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas.
California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com .

Global business travel and events costs expected to remain elevated through 2024, reflecting 'true new cost of travel'

Retrieved on:

木曜日, 8月 10, 2023

M&E, Travel, Food, CWT, ADR, Three-phase electric power, ATP, Research, Negotiation, GBTA, Acquisition, Yoy, Growth, ESG, City, PDF, ROI, Tourism, Airline, Video game

"As this research outlines, it's clear that rising costs and pricing pressures will likely continue to be a significant factor in business travel for the foreseeable future.

Key Points:

"As this research outlines, it's clear that rising costs and pricing pressures will likely continue to be a significant factor in business travel for the foreseeable future.
While business travel continues to rebound, there will be a continuing balancing act among demand, cost, and ESG concerns.
The global average ticket price (ATP) of flights booked for business travel rose dramatically in 2022, experiencing record price increases.
Still, many corporate buyers now have less leverage to negotiate with airlines, as their travel volumes remain below pre-pandemic levels.

Global business travel and events costs expected to remain elevated through 2024, reflecting 'true new cost of travel'

Retrieved on:

木曜日, 8月 10, 2023

M&E, Travel, Food, CWT, ADR, Three-phase electric power, ATP, Research, Negotiation, GBTA, Acquisition, Yoy, Growth, ESG, City, PDF, ROI, Tourism, Airline, Video game

"As this research outlines, it's clear that rising costs and pricing pressures will likely continue to be a significant factor in business travel for the foreseeable future.

Key Points:

"As this research outlines, it's clear that rising costs and pricing pressures will likely continue to be a significant factor in business travel for the foreseeable future.
While business travel continues to rebound, there will be a continuing balancing act among demand, cost, and ESG concerns.
The global average ticket price (ATP) of flights booked for business travel rose dramatically in 2022, experiencing record price increases.
Still, many corporate buyers now have less leverage to negotiate with airlines, as their travel volumes remain below pre-pandemic levels.