YORK WATER Reports Second Quarter FY2023 Earnings Results for Period Ending August 3, 2023
August 9, 2023
🌥️Earnings Overview
YORK WATER ($NASDAQ:YORW) reported on June 30 2023 that its total revenue for the quarter ending August 3 2023 rose to USD 18.8 million, a 26.0% increase from the same period in the previous fiscal year. Net income also increased by 29.6% to USD 6.5 million year over year.
Market Price
On Thursday, YORK WATER reported its second quarter earnings results for the period ending August 3, 2023. The financial report showed that YORK WATER had opened its stock at $40.9 and closed at $40.6, a decrease of 1.0% in comparison to its last closing price of 41.0. The company’s financial performance during this period is considered to be satisfactory by most analysts. The company also reported modest increases in its revenue streams compared to the preceding quarter.
This is considered a positive sign by investors as it indicates that the company is managing to improve its profitability and remain competitive in the market. Overall, YORK WATER has reported a satisfactory financial performance for the second quarter of FY2023 and investors are confident that the company is well-poised to grow further in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for York Water. More…
| Total Revenues | Net Income | Net Margin |
| 65.09 | 20.87 | 28.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for York Water. More…
| Operations | Investing | Financing |
| 25.6 | -64.68 | 36.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for York Water. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 543.54 | 331 | 14.87 |
Key Ratios Snapshot
Some of the financial key ratios for York Water are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.2% | 3.0% | 43.0% |
| FCF Margin | ROE | ROA |
| -60.0% | 8.3% | 3.2% |
Analysis
At GoodWhale, we have conducted a thorough analysis of YORK WATER‘s financial wellbeing. According to our Star Chart, YORK WATER has an intermediate health score of 6/10, which is likely to be sustainable considering the company’s cashflows and debt. Furthermore, YORK WATER is strong in dividend and profitability, and medium in asset and growth. We have also classified YORK WATER as a ‘gorilla’, meaning that the company has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given these conditions, we believe that YORK WATER would be an attractive option for investors looking for a stock with low risk and high returns. More…
Peers
The company operates in Pennsylvania, Maryland, and Virginia. As of December 31, 2018, the company owned and operated seven water treatment plants, seven wastewater treatment plants, 2,200 miles of water mains, and 1,700 miles of sewer lines. The company’s stock is traded on the Nasdaq Global Select Market under the ticker symbol YORW. The York Water Co’s competitors include Thu Duc Water, Pure Cycle Corp, Global Water Resources Inc.
– Thu Duc Water ($HOSE:TDW)
As of 2022, Pure Cycle Corp has a market cap of 196.16M and a Return on Equity of -9.74%. The company is engaged in the business of water treatment, including the treatment and re-use of wastewater.
– Pure Cycle Corp ($NASDAQ:PCYO)
Global Water Resources, Inc. is a water resource management company that owns, operates, and manages water and wastewater utilities in the state of Arizona. The company’s mission is to provide safe, reliable, and sustainable water resources to the communities it serves. Global Water Resources is committed to providing its customers with high-quality water and wastewater services at an affordable price. The company’s philosophy is to operate its utilities in a manner that is financially, environmentally, and socially responsible. Global Water Resources has a market capitalization of $283.77 million and a return on equity of 30.2%.
Summary
Investors in YORK WATER have been rewarded with strong financial results for the second quarter of FY2023, which ended on August 3 2023. Total revenue increased by 26.0% year-over-year to USD 18.8 million, while net income rose by 29.6%. This indicates YORK WATER’s strong market position and its ability to generate high returns for its investors.
Furthermore, a combination of prudent capital management, strong operational performance, and prudent financial strategy has allowed YORK WATER to maximize its returns for shareholders. As YORK WATER continues to expand its operations and capitalize on its strengths, investors can expect to benefit from further growth and strong returns.
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