American Water Works, Companhia de Saneamento Basico do Estado de Sao Paulo, American States Water and SJW are part of the Zacks Industry Outlook article.
Water utilities, AWK, SBS, AWR and SJW, are likely to benefit from stable demand for water and wastewater services. Capital-intensive utilities are set to gain from interest rate cuts.
SAO PAULO (AP) — Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) on Thursday reported profit of $232.1 million in its second quarter. On a per-share basis, the Sao Paulo-based company said it had net income of 34 cents. The waste management company posted revenue of $1.3 billion in the period.