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Mar 31, 2021
American States Water Q1 2021 Earnings Report
Reported an increase in consolidated diluted EPS and increased earnings per share in all business segments.
Key Takeaways
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.
American States Water
American States Water
American States Water Revenue by Segment
Forward Guidance
The contracted services segment is expected to contribute $0.45 to $0.49 per share for the year 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income