https://assets.capyfin.com/instruments/678fdc13234e27009c5d59c3.png avatar
American States Water
🇺🇸 NYSE:AWR
View Company
OverviewEarningsDividends
•
Jun 30, 2023

American States Water Q2 2023 Earnings Report

Reported basic and fully diluted earnings per share of $1.04, which includes a favorable variance of $0.21 per share resulting from the impact of estimates and changes in estimates following the receipt of a final decision on the cost of capital proceeding in June 2023.

Key Takeaways

American States Water Company reported a strong second quarter with diluted earnings per share of $1.04, compared to $0.54 for the same period last year. The results were positively impacted by a final decision in the cost of capital proceeding and gains on investments. Excluding these items, adjusted diluted earnings were $0.83 per share, up 30% year-over-year.

Consolidated diluted earnings per share, as reported, increased to $1.04 from $0.54 year-over-year.

Water segment's adjusted earnings increased by $0.30 per share.

Contracted services segment earnings increased by $0.02 per share.

An 8.2% increase in the quarterly dividend was approved for the September 1 dividend payment.

Total Revenue
$157M
Previous year: $123M
+28.4%
EPS
$0.83
Previous year: $0.54
+53.7%
Gross Profit
$122M
Previous year: $90.4M
+35.0%
Cash and Equivalents
$1.03M
Previous year: $10.8M
-90.5%
Free Cash Flow
-$28.5M
Previous year: -$22.5M
+26.7%
Total Assets
$2.14B
Previous year: $1.95B
+9.7%

American States Water

American States Water

American States Water Revenue by Segment

Forward Guidance

Contracted services segment is expected to contribute $0.45 to $0.49 per share for the full 2023 year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View American States Water