York Water Q3 net income $7.6M, EPS $0.53; revenue up 18.7% YoY

YORK WATER CO

2023-Q3 EPS reported $1.24 revenue$52,935,000

Q3 operating revenue $18.8M (+$3.0M YoY); net income $7.6M (+$1.9M YoY); diluted EPS $0.53 vs $0.40.
Rate increase effective March 1, 2023 primary driver; DSIC reset to zero partially offset gains.
First nine months net income $17.7M, EPS $1.24 vs $1.05 YoY; dividends declared $0.6081/share.
Capital spending $46.3M YTD; $566K acquisition of Conewago Industrial Park Water and Sewer in October.
Company estimates additional $16M capex in 2023 excluding acquisitions for infrastructure projects.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

YORK WATER CO reported the first nine months of 2023 results: revenue $52,935,000, net income $17,745,000, EPS $1.24.

Period: the first nine months of 2023
Revenue: $52,935,000
Net income: $17,745,000
EPS: $1.24
Result: reported results

Exact text from the filing

President Hand also reported that the first nine months operating revenues of $52,935,000 increased $7,985,000 and net income of $17,745,000 increased $3,176,000 compared to the first nine months of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

YORK WATER CO reported the third quarter and first nine months of 2023 results: revenue $18,767,000, net income $7,568,000, EPS $0.53.

Period: the third quarter and first nine months of 2023
Revenue: $18,767,000
Net income: $7,568,000
EPS: $0.53
Result: reported results

Exact text from the filing

JT Hand, announced the Company's financial results for the third quarter and the first nine months of 2023. President Hand reported that third quarter operating revenues of $18,767,000 increased $2,956,000 and net income of $7,568,000 increased $1,887,000 compared to the third quarter of 2022. Basic and Diluted Earnings per share of $0.53 for the three-month

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Source: SEC EDGAR

accession 0000108985-23-000105

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