Southwest Gas (SWX) Tops Q4 EPS by 3c; Completes CEO Transition

Southwest Gas (NYSE: SWX) reported Q4 EPS of $1.25, $0.03 better than the analyst estimate of $1.22. Revenue for the quarter came in at $627.7 million versus the consensus estimate of $617.41 million.

Southwest Gas also announced today that its Board of Directors has completed the previously announced CEO transition with the election of Company President John Hester to the additional position of CEO, effective March 1, 2015 when Mr. Shaw will retire as an employee of the Company. Mr. Shaw will continue to serve on the Board, and Mr. Hester will be nominated for election to the Board at the 2015 annual meeting of shareholders. Additionally, Michael O. Maffie will not stand for re-election and will retire from the Board as of the 2015 annual meeting after years of admirable service to the Company and its shareholders.

For earnings history and earnings-related data on Southwest Gas (SWX) click here.

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