The York Water Company Reports 2023 Annual And Fourth Quarter Results - Seite 2

President Hand reported that York Water plans to invest approximately $42.2 million in 2024 and $46.1 million in 2025, excluding acquisitions, for additional main extensions, completion of armoring and replacing the spillway of the Lake Williams dam, wastewater treatment plant construction, an upgrade to the enterprise software system, and improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base.

	Period Ended December 31
	In 000's (except per share)
	Quarter				Twelve Months
		2023		2022		2023		2022
Operating Revenues	$	18,096	$	15,111	$	71,031	$	60,061
Net Income	$	6,012	$	5,011	$	23,757	$	19,580
Average Number of Common Shares Outstanding		14,314		14,266		14,295		13,958
Basic and Diluted Earnings Per Common Share	$	0.42	$	0.35	$	1.66	$	1.40
Dividends Declared Per Common Share	$	0.2108	$	0.2027	$	0.8189	$	0.7874

This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.