NASDAQ$YORW

The York Water Company · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

York Water's Q4 2023 earnings increased compared to the same period last year.

York Water Company reported increased operating revenues and net income for Q4 2023 compared to Q4 2022. Basic and Diluted Earnings per share also increased. The increase in revenues was primarily due to an increase in rates effective March 1, 2023, partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC).

  • Operating revenues increased by $2,985,000 compared to Q4 2022.
  • Net income increased by $1,001,000 compared to Q4 2022.
  • Basic and Diluted Earnings per share increased to $0.42, up $0.07 from the same period last year.
  • Increased revenues were primarily due to rate increases effective March 1, 2023, offset by a reset of the Distribution System Improvement Charge (DSIC).

Headline financials

Total Revenue

$18.1M

Previous: $15.1M+19.8%
EPS (adj)

$0.42

Previous: $0.35+20.0%
Net Income

$6.01M

Previous: $5.01M+20.0%
Operating Income

$7.16M

Previous: $5.76M+24.5%
Gross Profit

$10.5M

Previous: $11.1M-5.7%

Revenue & EPS history

York Water · Revenue · Quarterly

$18.1M

Q4 2023+19.8%vs Q4 2022
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

York Water plans to invest approximately $42.2 million in 2024 and $46.1 million in 2025, excluding acquisitions, for additional main extensions, completion of armoring and replacing the spillway of the Lake Williams dam, wastewater treatment plant construction, an upgrade to the enterprise software system, and improvements to its pipes, service lines, and other facilities.

Tailwinds

  • Investments in main extensions to support growth.
  • Completion of armoring and replacing the spillway of the Lake Williams dam.
  • Construction of a wastewater treatment plant.
  • Upgrade to the enterprise software system.
  • Improvements to 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 Q4 2023

Historical avgQ4 2023

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro