Artesian Resources reports FY2024 net income $20.4M (+22.1%); diluted EPS $1.98

ARTESIAN RESOURCES CORP

Full-year revenue $108.0M, up 9.2% YoY; Q4 revenue $26.8M, up 9.4%.
Full-year diluted EPS $1.98 vs $1.67; Q4 diluted EPS $0.37 vs $0.34.
Net income rose $3.7M in FY2024, driven by Nov 2023 rate increase and higher water consumption.
Invested $45.9M in water/wastewater infrastructure in 2024.
CFO notes margin pressure from rising energy and treatment costs; expects timely rate filings.

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