Exhibit 99.1

Glacier Water Announces First Quarter Results

    VISTA, Calif.--(BUSINESS WIRE)--May 12, 2005--Glacier Water Services, Inc.
(Amex:HOO) announced financial results for the quarter ended April 3,
    Brian McInerney, Chief Executive Officer of Glacier Water, said,
"While revenues for the quarter were flat versus prior year at
$17,543,000, we continued our investment for the future in the form of
a major initiative to upgrade our outside water vending machines. The
upgrade results in the next generation water vending machine ("G-2")
with a new modern appearance and increased functionality. To date, the
Company has upgraded over 8,500 machines. We expect to complete
upgrades on a total of approximately 11,000 machines by early third
    Revenues for the quarter ended April 3, 2005 were $17,543,000,
flat versus the same quarter a year ago. For the quarter ended April
3, 2005, the Company's income from operations was $107,000 as compared
to $729,000 for the same period a year ago. The decrease in income
from operations was driven by increased depreciation associated with
the G-2 capital expenditures.
    The Company's net loss applicable to common stockholders for the
quarter ended March 28, 2004, was $1,973,000 or $0.91 per basic and
diluted share, compared to a loss of $1,201,000 or $0.57 per basic and
diluted share for the same quarter last year. The decrease was driven
primarily by increased depreciation expense and increased interest
expense resulting from higher outstanding borrowings on the Company's
credit facility as a result of the G-2 initiative.
    With approximately 15,100 machines located in 39 states throughout
the United States, Glacier is the leading provider of high quality,
great tasting drinking water dispensed to consumers through
self-service bottled water machines located at supermarkets and other
retail locations.

    Statements in this announcement that are not purely historical are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements with respect to the financial condition and results of
operations of the Company which involve risks and uncertainties which
are detailed further in the filings of the Company with the Securities
and Exchange Commission, including, but not limited to, the Company's
Annual Report on Form 10-K for the year ended January 3, 2005.


                     Summary Financial Information
               (Dollars in thousands, except share data)

                                                  Three Months Ended
                                                  April 3,  March 28,
                                                    2005       2004
                                                 ---------- ----------
Revenues                                           $17,543    $17,546
Operating costs and expenses:
     Operating expenses                             11,434     11,676
     Depreciation and amortization                   3,302      2,510
                                                 ---------- ----------
          Cost of goods sold                        14,736     14,186

     Selling, general and administrative
      expenses                                       2,700      2,631
                                                 ---------- ----------
          Total operating costs and expenses        17,436     16,817
                                                 ---------- ----------
Income from operations                                 107        729
Other expenses:
     Interest expense                                2,080      1,930
                                                 ---------- ----------
Loss before income taxes                            (1,973)    (1,201)
Income tax benefit                                      --         --
                                                 ---------- ----------
Net loss                                            (1,973)    (1,201)
Basic and diluted loss per common share:
     Net loss applicable to common stockholders     $(0.91)    $(0.57)
                                                 ========== ==========
           Weighted average shares used in
            calculation                          2,172,055  2,119,483

    CONTACT: Glacier Water Services, Inc.
             W. David Walters, 760-560-1111

The following information was filed by Glacier Water Services Inc (GWSV) on Thursday, May 12, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Glacier Water Services Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Glacier Water Services Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account