earnings
confidence high
sentiment positive
materiality 0.60
AWR Q1 adjusted EPS $0.62, up $0.02 YoY; dividend steady at $0.43
AMERICAN STATES WATER CO
2024-Q1 EPS reported
$0.62
revenue$135,251,000
- Q1 2024 adjusted EPS $0.62 vs $0.60 YoY; recorded EPS $0.62 vs $0.93 (included $0.38 one-time gain in 2023).
- Water segment adjusted EPS rose 17.1% to $0.48 on $5.2M revenue increase from rate case.
- Contracted services began operating water/wastewater systems at two new military bases in April 2024.
- Board declared Q2 dividend of $0.43/share, payable June 3, 2024; 69 consecutive years of increases.
- Full-year contracted services EPS guidance reaffirmed at $0.50-$0.54.