Connecticut Water Service, Inc., Reports Second Quarter 2019 Results
CONNETICUT WATER SERVICE (CTWS)
Last conneticut water service earnings: 8/8 01:45 pm
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US:NASDAQ Investor Relations:
ir.ctwater.com/overview/default.aspx
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Source: GlobeNewswire
CLINTON, Conn., Aug. 08, 2019 (GLOBE NEWSWIRE) -- Operating Revenues Increased 2.5 Percent Net Income Increased $1.0 Million, or $0.09 per Share Connecticut Water Service, Inc. (Nasdaq: CTWS) (“Connecticut Water”) announced net income of $5.8 million or $0.48 earnings per basic common share (“EPS”) for the second quarter of 2019 on total revenues of $32.3 million. Total revenues include revenues generated by Connecticut Water’s three business segments: Water Operations, Service and Rentals, and Real Estate. In the second quarter of 2018, Connecticut Water had net income of $4.7 million or EPS of $0.39 on total revenues of $31.5 million. Non-GAAP Adjusted Net Income*, which excludes merger and acquisition costs, for the second quarter of 2019 increased from the same period in the prior year by $0.9 million. The improvements in results in 2019 were primarily driven by increased base rate revenues in Connecticut, as well as increases in Water Infrastructure and Conse
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