American Water Works (AWK) Tops Q4 EPS by 1c
American Water Works (NYSE: AWK) reported Q4 EPS of $0.52, $0.01 better than the analyst estimate of $0.51. Revenue for the quarter came in at $731.4 million versus the consensus estimate of $794.5 million.
American Water affirmed its 2015 earnings guidance from continuing operations (a non-GAAP financial measure) to be in the range of $2.55 to $2.65 per diluted share, versus the consensus of $2.61.
“The people of American Water continued to execute on our strategy and achieved strong results in 2014,” said Susan Story, president and CEO of American Water. “With customers at the center of what we do, we made much-needed and prioritized infrastructure investments to ensure reliable service and meet water quality standards while leveraging technologies and increasing efficiencies to lessen the impact on what our customers pay.
“We continued to grow our business, completing 13 regulated acquisitions representing an additional 4,500 customers, and we have 11 announced, pending acquisitions representing about 21,500 additional new customers. In our Market-Based businesses, our Military Services Group won two competitively bid contracts with the U.S. Department of Defense, and our homeowner services business expanded into eight new states and received a notice of intent to be awarded an exclusive service line protection agreement with the Orlando Utilities Commission,” Story said.
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