NASDAQ$YORW

The York Water Company · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

York Water's Q1 2024 earnings were announced, demonstrating increased operating revenues and net income compared to the same period last year.

York Water Company reported an increase in operating revenues and net income for the first quarter of 2024. Operating revenues increased by $2,227,000 and net income increased by $674,000 compared to the first quarter of 2023. Earnings per share also increased.

  • Operating revenues increased by $2,227,000 compared to Q1 2023.
  • Net income increased by $674,000 compared to Q1 2023.
  • Earnings per share increased by $0.04 compared to Q1 2023.
  • The company invested $8.5 million in capital projects during the quarter.

Headline financials

Total Revenue

$17.6M

Previous: $15.4M+14.5%
EPS

$0.30

Previous: $0.26+15.4%
Dividends Declared

$0.21

No prior period
Avg Common Shares

14.3M

No prior period
Capital Expenditures

-$8.5M

Previous: -$10.6M+19.6%
Free Cash Flow

-$4.18M

Previous: -$6.93M+39.7%
Net Income

$4.33M

Previous: $3.65M+18.5%
Operating Income

$6.22M

Previous: $5.42M+14.7%
Gross Profit

$17.6M

Previous: $15.4M+14.5%
Cash & Equivalents

$3.32M

Previous: $166K+1900.6%
Total Assets

$602M

Previous: $525M+14.8%

Revenue & EPS history

York Water · Revenue · Quarterly

$17.6M

Q1 2024+14.5%vs Q1 2023
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

The Company estimates it will invest an additional $33.7 million in 2024, excluding acquisitions, for completion of armoring and replacing the spillway of the Lake Williams dam, additional main extensions, wastewater treatment plant construction, and routine improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base.

Tailwinds

  • Completion of armoring and replacing the spillway of the Lake Williams dam.
  • Additional main extensions.
  • Wastewater treatment plant construction.
  • Routine improvements to its pipes.
  • Service lines and other facilities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.4%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+8.1%

Q4 2020

Best reaction

-11.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.0%+1.7%+1.6%
Q4 2025+0.3%-1.2%-5.4%
Q3 2025-1.3%-0.8%+2.2%
Q1 2025+1.0%+1.4%-1.1%
Q4 2024+0.0%+3.2%+5.6%
Q3 2024-1.7%-5.5%-9.3%
Q2 2024-5.9%-7.2%-5.3%
Q1 2024+1.7%+4.6%-0.3%
Q4 2023-1.4%-0.8%-1.9%
Q3 2023+3.5%+1.8%+5.8%
Q2 2023-0.1%+1.0%-1.5%
Q1 2023-0.8%+0.7%-0.8%
Q4 2022+0.0%+1.0%+6.2%
Q3 2022+5.2%+2.6%+8.3%
Q2 2022-0.5%+0.6%+2.5%
Q1 2022+3.0%+0.3%+7.5%
Q4 2021-6.3%-8.3%-8.7%
Q3 2021+1.4%+2.2%-3.2%
Q2 2021+1.4%+0.2%+7.6%
Q1 2021-4.9%-4.6%-1.3%
Q4 2020+8.1%+9.4%+11.1%
Q3 2020+0.2%+9.3%+5.5%
Q2 2020+6.9%+4.6%-0.8%
Q1 2020+1.3%+5.8%+11.3%
Q4 2019-11.5%-12.0%-6.2%
Q3 2019-2.0%-1.9%+4.5%
Q2 2019-2.4%-0.7%+4.1%
Q1 2019-1.1%+4.5%+3.0%
Q4 2018-4.1%-5.6%-5.9%
Q3 2018-0.1%+1.4%+6.5%
Q2 2018-3.3%-2.0%-0.7%
Q1 2018-1.1%-0.9%-3.7%
Q4 2017+5.1%+9.6%+12.0%
Q3 2017+4.2%+2.4%+7.5%
Q2 2017+2.4%+0.0%-3.2%
Q1 2017-9.2%-10.4%-11.4%
Q4 2016-3.4%-5.1%-2.4%
Q3 2016-1.5%+0.2%+21.6%
Q2 2016-4.3%-4.9%-7.9%
Q1 2016-1.6%
Q4 2015+6.1%
Q3 2015-1.8%
Q2 2015-3.3%
Q1 2015-2.4%
Q4 2014+1.0%
Q3 2014-1.8%
Q2 2014+1.5%
Q1 2014-1.2%
Q4 2013-2.5%
Q3 2013+1.0%
Q2 2013-0.4%
Q1 2013-1.4%
Q4 2012+0.6%
Q3 2012-2.0%
Q2 2012-2.1%
Q1 2011+0.5%
Q1 2012+0.5%
Q4 2011+1.4%
Q3 2011+2.1%
Q3 2010+2.1%
Q4 2009+3.6%
Q2 2011+3.6%
Q2 2010+3.6%
Q4 2010+3.6%
Q1 2010+2.0%

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