Connecticut Water Service (CTWS) Reports In-Line Q3 EPS

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Go back to Connecticut Water Service (CTWS) Reports In-Line Q3 EPS

Connecticut Water Service, Inc. Reports Nine Month and Third Quarter Earnings

November 6, 2015 12:32 PM EST

CLINTON, Conn., Nov. 06, 2015 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (NASDAQ: CTWS) announced net income of $20.5 million, or earnings per basic average share (EPS) of $1.87, on total revenues of $80.6 million for the first nine months of the year. In the same period of 2014, the Company had net income of $18.9 million, or $1.74 EPS, on total revenues of $78.7 million. 

The increase in net income was attributable to the regulated operations in both Maine and Connecticut. In Maine, a combination of revenue growth from recovery of infrastructure investment and a general rate... More