Pure Cycle 2Q Revenue Grows in Seasonally Slow Period

Dow Jones

04-10

By Sabela Ojea

Pure Cycle reported revenue growth in the second quarter, its seasonally slow period, because of challenging construction conditions.

The diversified land and water resource developer on Wednesday posted net income for the three months ended Feb. 28 of $809,000, or 3 cents a share, compared with $118,000 for the same period a year earlier.

Quarterly revenue rose 25% to $4 million, the company added.

"Second quarter is a seasonally slow quarter due to our Colorado winters making field construction challenging," Chief Executive Mark Harding said. "That said we have a record number of lots under construction and have made substantial progress through the winter months towards delivering these lots."

Pure Cycle said it is prioritizing putting investment toward in its ongoing development projects while utilizing available liquidity to continue its stock buyback program and reserving sufficient capital for strategic development initiatives and land acquisitions.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

April 09, 2025 16:37 ET (20:37 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PCYO","symbol_name":"Pure Cycle Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526345356","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526345356","pubTimestamp":1744231020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Pure Cycle reported revenue growth in the second quarter, its seasonally slow period, because of challenging construction conditions.The diversified land and water resource developer on Wednesday posted net income for the three months ended Feb. 28 of $809,000, or 3 cents a share, compared with $118,000 for the same period a year earlier.Quarterly revenue rose 25% to $4 million, the company added.\"Second quarter is a seasonally slow quarter due to our Colorado winters making field construction challenging,\" Chief Executive Mark Harding said. \"That said we have a record number of lots under construction and have made substantial progress through the winter months towards delivering these lots.\". Pure Cycle said it is prioritizing putting investment toward in its ongoing development projects while utilizing available liquidity to continue its stock buyback program and reserving sufficient capital for strategic development initiatives and land acquisitions.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PCYO":"Pure Cycle Corporation"},"translate_title":"纯周期第二季度收入在季节性缓慢时期增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PCYO":1},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Pure Cycle reported revenue growth in the second quarter, its seasonally slow period, because of challenging construction conditions. \n\n\n  The diversified land and water resource developer on Wednesday posted net income for the three months ended Feb. 28 of $809,000, or 3 cents a share, compared with $118,000 for the same period a year earlier. \n\n\n  Quarterly revenue rose 25% to $4 million, the company added. \n\n\n  \"Second quarter is a seasonally slow quarter due to our Colorado winters making field construction challenging,\" Chief Executive Mark Harding said. \"That said we have a record number of lots under construction and have made substantial progress through the winter months towards delivering these lots.\" \n\n\n  Pure Cycle said it is prioritizing putting investment toward in its ongoing development projects while utilizing available liquidity to continue its stock buyback program and reserving sufficient capital for strategic development initiatives and land acquisitions. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2025 16:37 ET (20:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}