York Water Q1 net income rises 18.5% to $4.33M; EPS $0.30 vs $0.26

YORK WATER CO

2024-Q1 EPS reported $0.30 revenue$17,628,000

Q1 operating revenue $17.63M, up $2.23M (+14.5%) YoY; net income $4.33M, up $0.67M (+18.5%).
EPS $0.30 diluted, +$0.04 YoY; dividend declared $0.2108/share, up from $0.2027.
Revenue driven by rate increase effective Mar 2023 and customer growth, partially offset by DSIC reset to zero.
Capital spending $8.5M in Q1; additional $33.7M planned for 2024 excluding acquisitions.
Completed acquisitions of MESCO wastewater assets and Longstown Mobile Estates water assets; now serves 56 municipalities.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

YORK WATER CO reported the first quarter of 2024 results: revenue $17,628,000, net income $4,327,000, EPS $0.30.

Period: the first quarter of 2024
Revenue: $17,628,000
Net income: $4,327,000
EPS: $0.30
Result: reported results

Exact text from the filing

The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2024. President Hand reported that first quarter operating revenues of $17,628,000 increased $2,227,000 and net income of $4,327,000 increased $674,000 compared to the first quarter of 2023. Basic and Diluted Earnings per share of $0.30 for the three-month period increased $0.04 compared to the same period last year.

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Source: SEC EDGAR

accession 0000108985-24-000039

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