York Water Co (OQ:YORW)
Business Focus: Water Supply & Irrigation Systems
| Sector: Utilities | Industry: Water Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 130 E Market St YORK PA 17401-1219 |
| Tel: | N/A |
| Website: | https://www.yorkwater.com |
| IR: | See website |
| Key People | ||
| Joseph Thomas Hand President, Chief Executive Officer, Director | Matthew E. Poff Chief Financial Officer, Treasurer | Alexandra C. Chiaruttini Chief Administrative Officer, General Counsel |
| Matthew J. Scarpato Vice President - Operations | Ashley M. Grimm Vice President - Human Resources, Company Secretary | Vernon L. Bracey Vice President - Customer Service | Mark S. Snyder Vice President - Engineering |
| Business Overview |
| The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. It also owns and operates three wastewater collection systems and ten wastewater collection and treatment systems. It operates within its franchised water and wastewater territory, which covers portions of 56 municipalities within four counties in south-central Pennsylvania. It covers the areas of billing, payment procedures, dispute processing, terminations, service territory, debt and equity financing and rate setting. The Company obtains the bulk of its water supply for its primary system for York and Adams Counties from both the South Branch and East Branch of the Codorus Creek. It has two reservoirs, Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water. Water service is supplied through the Company's own distribution system. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, York Water Co revenues increased 18% to $71M. Net income increased 21% to $23.8M. Revenues reflect Water Utility Service- Residential segment increase of 13% to $40M, Water utility service- Commercial and industrial segment increase of 23% to $19.3M. Net income benefited from Allowance for funds used during construc increase from $1.5M to $4.2M (income). |
| Employees: | 130 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $689.30M as of Dec 31, 2023 |
| Annual revenue (TTM): | $71.03M as of Dec 31, 2023 |
| EBITDA (TTM): | $41.28M as of Dec 31, 2023 |
| Net annual income (TTM): | $23.76M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$44.32M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $180.01M as of Dec 31, 2023 |
| Shares outstanding: | 14,334,183 as of Mar 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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