The translation of the heading to English is: "Wave of success for American Water Works: Increased revenue and profit in the third quarter.
- American Water Works increases sales and profit in the third quarter thanks to successful pricing strategies.
- The acquisition of the Butler Area Sewer Authority brings additional customer connections and strengthens future growth.
Eulerpool News·
American Water Works reported significant increases in revenue and profit in the third quarter. This positive development is primarily attributed to successful pricing strategies in the drinking water and wastewater services sectors. The company increased its earnings per share to $1.80, compared to $1.66 in the previous year. Revenue also saw a strong increase, rising by 13 percent to $1.32 billion. New growth momentum was provided by the completed acquisition of the wastewater system facilities of the Butler Area Sewer Authority in Pennsylvania for $230 million, adding around 15,000 new customer connections. For the year 2025, American Water Works forecasts earnings per share between $5.65 and $5.75. This forecast also accounts for an additional 10 cents in revenue from interest on the amended seller note of the Homeowner Services Group. Additionally, Stuart McGuigan has been appointed to the board of directors, which now comprises ten members.
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Oct 31, 2024