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Sep 30, 2020

American States Water Q3 2020 Earnings Report

Reported basic and fully diluted earnings per share of $0.72 for the third quarter ended September 30, 2020.

Key Takeaways

American States Water Company reported earnings per share of $0.72 for the third quarter ended September 30, 2020, compared to $0.76 for the same period in 2019. Excluding a retroactive impact from an electric general rate case in 2019, earnings per share increased by $0.03, or 4.3%.

Water segment diluted earnings per share increased to $0.57 compared to $0.53 in the same period last year.

Electric segment diluted earnings per share increased by $0.01 excluding the retroactive impact from the previous year.

Contracted services segment earnings decreased to $0.10 per share, down from $0.12 per share in the same period last year due to decreased construction activity.

AWR's Board of Directors approved a fourth quarter dividend of $0.335 per share, a 9.8% increase.

Total Revenue
$134M
Previous year: $134M
-0.6%
EPS
$0.72
Previous year: $0.69
+4.3%
Gross Profit
$97.2M
Previous year: $98.6M
-1.5%
Cash and Equivalents
$8.13M
Previous year: $10.4M
-21.8%
Free Cash Flow
$9.34M
Previous year: $9.7M
-3.7%
Total Assets
$1.73B
Previous year: $1.6B
+7.6%

American States Water

American States Water

American States Water Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the text.

Revenue & Expenses

Visualization of income flow from segment revenue to net income