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Mar 31, 2024
Artesian Q1 2024 Earnings Report
Artesian Resources Corporation's financial performance improved with increased revenues and net income.
Key Takeaways
Artesian Resources Corporation reported a strong first quarter in 2024, with a 9.1% increase in revenues to $24.5 million and a 19.1% increase in net income to $4.4 million compared to the same period in 2023. The diluted net income per share also increased by 10.3% to $0.43.
Net income increased by 19.1% to $4.4 million compared to Q1 2023.
Diluted net income per share rose by 10.3% to $0.43.
Revenues increased by 9.1% to $24.5 million.
Invested $8.9 million in water and wastewater infrastructure projects.
Artesian
Artesian
Forward Guidance
The company anticipates continued growth and is focused on infrastructure investments and regionalization efforts to enhance operational efficiencies and support growth in the region.