NYSE$AWR

American States Water Company · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$137M

Previous: $134M+2.3%
EPS (adj)

$0.76

Previous: $0.72+5.6%
Capital Expenditures

-$107M

Previous: -$94.8M-12.5%
Free Cash Flow

-$78.6M

Previous: -$68.3M-15.0%
Net Income

$28.2M

Previous: $26.5M+6.1%
Operating Income

$42.8M

Previous: $39.8M+7.5%
Gross Profit

$113M

Previous: $110M+2.2%
Cash & Equivalents

$7.14M

Previous: $8.13M-12.1%
Total Assets

$1.87B

Previous: $1.73B+8.6%
Stock-Based Comp

$77K

Previous: $347K-77.8%

Revenue & EPS history

American States Water · Revenue · Quarterly

$137M

Q3 2021+2.3%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

American States Water · $137M total across 3 segments · Q3 2021

  • Water
    $103M+4.1%
  • Contracted Services
    $25.4M-4.8%
  • Electric
    $8.56M+3.3%

Forward guidance

The contracted services segment is expected to contribute $0.45 to $0.49 per share for the year 2021.

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 Q3 2021

Historical avgQ3 2021

+0.0%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.3%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+5.0%

Q2 2012

Best reaction

-5.3%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+2.4%+3.3%
Q4 2025+0.4%+0.7%-1.4%
Q3 2025+1.2%+2.4%-1.2%
Q1 2025+0.8%-4.3%-3.7%
Q4 2024+1.0%+4.1%+1.2%
Q3 2024-0.2%+1.9%-3.1%
Q2 2024+1.2%-1.1%-0.6%
Q1 2024+3.3%+5.3%-1.6%
Q4 2023-3.2%-5.5%-6.7%
Q3 2023-2.9%-6.5%-0.6%
Q2 2023+2.5%+3.6%-4.9%
Q1 2023-0.9%+0.3%+0.4%
Q4 2022-5.1%-3.9%-0.5%
Q3 2022+1.0%+4.0%+8.4%
Q2 2022+1.3%+0.8%-4.8%
Q1 2022-2.9%-3.5%+0.9%
Q4 2021-2.7%-3.3%+0.8%
Q3 2021-0.1%+3.8%+3.6%
Q2 2021+0.9%+2.7%+6.3%
Q1 2021+1.0%+0.4%-0.4%
Q4 2020-2.2%-6.3%-4.8%
Q3 2020+0.8%-2.3%-0.2%
Q2 2020-1.1%+3.9%+0.5%
Q1 2020+0.2%-2.6%+4.8%
Q4 2019-2.8%-15.1%-14.6%
Q3 2019-3.9%-9.6%-9.3%
Q2 2019-0.1%+7.7%+20.7%
Q1 2019-0.0%+0.8%+4.7%
Q4 2018-1.8%-1.2%+0.4%
Q3 2018+4.9%+5.5%+7.8%
Q2 2018+0.7%-0.7%+2.2%
Q1 2018-3.5%-0.9%-2.6%
Q4 2017-0.4%-6.0%-3.7%
Q3 2017-0.7%-1.6%+4.5%
Q2 2017-0.4%+1.6%-2.1%
Q1 2017+1.3%+0.7%+5.1%
Q4 2016+1.1%+0.7%-2.0%
Q3 2016+1.1%+1.1%+11.0%
Q2 2016-2.0%-0.6%-7.7%
Q1 2016-5.3%
Q4 2015-0.2%
Q3 2015+1.0%
Q2 2015-2.1%
Q1 2015-1.2%
Q4 2014-0.6%
Q3 2014-2.5%
Q2 2014+0.2%
Q1 2014-3.0%
Q4 2013+3.3%
Q3 2013+1.4%
Q2 2013-3.4%
Q1 2013-2.3%
Q4 2012+3.2%
Q3 2012+3.2%
Q2 2012+5.0%
Q1 2011+3.5%
Q1 2012-1.4%
Q4 2011+1.4%
Q4 2009+1.4%
Q3 2011+0.2%
Q3 2010+0.2%
Q2 2011+3.7%
Q2 2010+3.7%
Q4 2010+3.7%
Q1 2010+0.5%

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