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Sep 30, 2021

American States Water Q3 2021 Earnings Report

Reported a 5.6% increase in third quarter consolidated diluted EPS, or 8.6% increase as adjusted.

Key Takeaways

American States Water Company reported an increase in basic and fully diluted earnings per share of $0.76 for the quarter ended September 30, 2021, compared to $0.72 for the same period in 2020. Adjusted diluted earnings for the third quarter of 2021 were $0.76 per share, compared to $0.70 per share for the third quarter of 2020, an adjusted increase of 8.6%.

Diluted earnings per share from the water segment were $0.62, compared to $0.57 for the same period in 2020.

Diluted earnings from the electric utility segment were $0.04 per share, unchanged from the same period in 2020.

Diluted earnings from the contracted services segment increased by $0.01 per share compared to the same period in 2020.

AWR's Board of Directors approved a fourth quarter dividend of $0.365 per share on AWR's Common Shares.

Total Revenue
$137M
Previous year: $134M
+2.3%
EPS
$0.76
Previous year: $0.72
+5.6%
Gross Profit
$100M
Previous year: $97.2M
+3.4%
Cash and Equivalents
$7.14M
Previous year: $8.13M
-12.1%
Free Cash Flow
$10.2M
Previous year: $9.34M
+9.2%
Total Assets
$1.87B
Previous year: $1.73B
+8.6%

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