Loading...
•
Nov 30, 2024
Pure Cycle Q1 2025 Earnings Report
Net income and EPS increased significantly, driven by strong royalty income and land development.
Key Takeaways
Pure Cycle Corporation reported a strong first quarter for fiscal year 2025, with a 91% increase in net income and a 78% increase in earnings per share compared to the same period in 2023, driven by increases in royalty and land development revenues.
Revenues increased by 7% to $5.8 million, driving pre-tax income up by 86% to $5.2 million.
Net income increased by 91% to $3.9 million.
Royalty income increased significantly to $2.8 million, compared to less than $0.1 million in the prior year.
Cash and cash equivalents totaled $19.0 million as of November 30, 2024.
Forward Guidance
Pure Cycle anticipates another record year for revenues and earnings, with continued execution on land development and expansion of the utility customer base and rental homes.
Positive Outlook
- Company expects to see another record year for revenues and earnings for fiscal year 2025
- Company continues to execute on land development business, delivering lots to home builder customers
- Company is expanding utility customer base
- Company is expanding rental homes each year
- Company continues to look to reinvest in new land positions to continue successes as a leading Master Planned Developer
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...