Connecticut Water Service (CTWS) Misses Q4 EPS by 5c

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Go back to Connecticut Water Service (CTWS) Misses Q4 EPS by 5c

Connecticut Water Service, Inc. Reports Fourth Quarter and 2015 Earnings

March 14, 2016 4:01 PM EDT

CLINTON, Conn., March 14, 2016 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (NASDAQ: CTWS) announced net income of $22.8 million, or earnings per basic average share (EPS) of $2.07, on total revenues of $103.1 million in 2015. In 2014, the Company had net income of $21.3 million, or $1.95 EPS, on total revenues of $101.5 million.

2015 Operating ResultsThe 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 increase for the Biddeford and Saco Division of The Maine Water... More