The York Water Company Reports 2023 Annual And Fourth Quarter Results
The York Water Company (YORW)
Last the york water company earnings: 11/7 10:13 am
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US:NASDAQ Investor Relations:
yorkwater.com/investor-relations-form
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Source: GlobeNewswire
YORK, Pa., March 05, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced the Company's 2023 financial results. President Hand reported that 2023 operating revenues of $71,031,000 increased $10,970,000 and net income of $23,757,000 increased $4,177,000 compared to 2022. Basic and Diluted Earnings per share of $1.66 for 2023 increased $0.26 compared to 2022. Dividends per share rose 4% compared to 2022. Increased revenues were primarily due to an increase in rates effective March 1, 2023 partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC). The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure. Growth in the customer base also added to revenues. The increased revenue was partially offset by higher operation and maintenance expenses and depreciation. Income taxes increased due to higher taxable i
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YORW
Earnings
- 3/5/24 - Beat
YORW
Sec Filings
- 4/22/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- YORW's page on the SEC website