American States Water Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:39 pm EST
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American States Water Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 151.7 million compared to USD 134.98 million a year ago. Revenue was USD 151.7 million compared to USD 134.98 million a year ago. Net income was USD 31.57 million compared to USD 25.65 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.69 a year ago.
For the nine months, sales was USD 470.52 million compared to USD 366.16 million a year ago. Revenue was USD 470.52 million compared to USD 366.16 million a year ago. Net income was USD 104.49 million compared to USD 59.77 million a year ago. Basic earnings per share from continuing operations was USD 2.82 compared to USD 1.61 a year ago. Diluted earnings per share from continuing operations was USD 2.82 compared to USD 1.61 a year ago.
American States Water Company is a holding company. The Companyâs segments include water, electric and contracted services. Within the segments, The Company has three principal business units: water and electric service utility operations conducted through its regulated utilities, Golden State Water Company (GSWC) and Bear Valley Electric Service, Inc. (BVES), respectively, and contracted services conducted through American States Utility Services, Inc. (ASUS) and its subsidiaries. GSWC is a public water utility engaged in the purchase, production, distribution and sale of water in 10 counties in the state of California. BVES is a public electric utility that distributes electricity in several San Bernardino County Mountain communities in California. It operates, maintains and performs construction activities, including renewal and replacement capital work on water and/or wastewater systems at various United States military bases pursuant.
AMERICAN STATES WATER COMPANY 
