American Water Works (NYSE: AWK) reported Q4 EPS of $0.73, in-line with the analyst estimate of $0.73. Revenue for the quarter came in at $902 million versus the consensus estimate of $923.86 million.

"We continued our strong growth in 2019 through outstanding execution and performance by our employees," said Susan Story, president and CEO. "Our 2019 adjusted EPS increased 9.4% over adjusted 2018. We invested $1.7 billion in our water and wastewater systems to ensure safe, clean and reliable water and water services for our customers. And we added 67,000 new customers through closed acquisitions and organic growth, and look forward to welcoming an additional 44,200 customers through signed acquisitions following regulatory approval.

"We are also affirming our 2020 EPS guidance of $3.79 to $3.89, and remain confident in our ability to achieve 7 to 10% growth in our long-term EPS. We plan to make $8.8 billion to $9.4 billion of needed investment over the next five years, and between $20 billion to $22 billion over the next ten years," added Story.

“Additionally, we are proud to have been named to the Global 100 Index, an announcement made in Davos, Switzerland last month by Corporate Knights, Inc. as one of the world’s 100 most sustainable corporations. American Water was ranked #16 overall, joining only 16 other U.S. companies and the only U.S. utility named to the list. This is in addition to some of our major and most recent ESG recognitions including inclusion in the 2019 and 2020 Bloomberg Gender-Equality Index, Barron’s 100 Most Sustainable Companies ranking, a top-scoring (100%) Company on the Disability Equality Index (DEI), and 2020 Military Friendly Gold Employer and Military Friendly Spouse Employer designations.”

GUIDANCE:

American Water Works sees FY2020 EPS of $3.79-$3.89, versus the consensus of $3.87.

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