York Water Reports Strong Q3 Results, Beating Estimates

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York Water ($NASDAQ:YORW) Company is a water utility company that serves the city of York and the surrounding areas in Pennsylvania. GAAP EPS for the quarter came in at $0.40, beating analysts’ estimates by $0.02. Revenue was $15.81 million, also beating estimates by $0.81 million. York Water attributed the strong results to “favorable weather conditions” and “operational efficiencies.”

Looking ahead, York Water expects to continue to benefit from favorable weather conditions and is confident in its ability to meet future demand. The company is also investing in infrastructure improvements, which should help to further improve efficiency and reduce costs.

Earnings

York Water reported strong Q3 results, beating estimates. In its latest earnings report for FY2022 Q2 ending June 30, the company earned $57.4 million in total revenue, up 4.2% from the previous year. Net income was $17.7 million, up 4.1% from the previous year. This marks the third consecutive quarter of year-over-year revenue and income growth for York Water.

The company’s total revenue has grown from $53.9 million to $57.4 million in the last three years. York Water attributed the strong results to continued operational efficiencies and cost control measures.

Market Price

The stock opened at $42.1 and closed at $42.3.

VI Analysis

For investors looking for a company with strong fundamentals, York Water may be a good option. The company’s cash flows and debt levels suggest that it is in good financial health, and its dividend history suggests that it is a reliable income generator. However, the company’s growth potential may be limited, making it more suitable for investors who are looking for stability and income rather than capital appreciation.

VI 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

York Water is a publicly traded water and wastewater utility company headquartered in York, Pennsylvania. The company has a long track record of paying dividends and its stock price has outperformed the market over the past five years. York Water is also a well-run company, with a strong management team and a solid balance sheet.

The company is currently trading at a slight discount to its book value, making it an attractive investment for value-minded investors. York Water is a good choice for investors looking for a safe and reliable dividend-paying stock.