American States Water Company reported basic and fully diluted earnings per share of $0.52 for the quarter ended March 31, 2021, compared to $0.38 for the same period in 2020, a 36.8% increase.
Consolidated diluted EPS increased by 36.8% compared to the first quarter of 2020.
Excluding losses on investments in 2020, consolidated diluted earnings increased by 20.9% compared to the same period in 2020.
Earnings per share increased in all business segments.
GSWC received its full third-year step increase, expected to generate an additional $11.1 million in water gross margin for 2021.
The contracted services segment is expected to contribute $0.45 to $0.49 per share for the year 2021.
Visualization of income flow from segment revenue to net income