American States Water Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:36 pm EDT
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American States Water Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 157.4 million compared to USD 122.61 million a year ago. Revenue was USD 157.4 million compared to USD 122.61 million a year ago. Net income was USD 38.52 million compared to USD 19.95 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 0.54 a year ago.
For the six months, sales was USD 318.82 million compared to USD 231.18 million a year ago. Revenue was USD 318.82 million compared to USD 231.18 million a year ago. Net income was USD 72.93 million compared to USD 34.11 million a year ago. Basic earnings per share from continuing operations was USD 1.97 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 1.97 compared to USD 0.92 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 
