The York Water Company Reports 2020 Annual and Fourth Quarter Results - Seite 2

President Hand reported that York Water plans to invest approximately $36 million in 2021 and $40 million in 2022, excluding acquisitions, for additional main extensions, dam improvements, an elevated water tank, an upgrade to the enterprise software system, completion of a wastewater treatment plant, 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
		2020		2019		2020		2019
Operating Revenues	$	13,398	$	13,019	$	53,852	$	51,578
Net Income	$	3,710	$	3,389	$	16,598	$	14,402
Average Number of Common Shares Outstanding		13,044		12,989		13,034		12,964
Basic and Diluted Earnings Per Common Share	$	0.28	$	0.26	$	1.27	$	1.11
Dividends Declared Per Common Share	$	0.1874	$	0.1802	$	0.7280	$	0.7001

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.