American Water Quarterly Income Advances With Four Acquisitions

Nov. 5 (Bloomberg) — American Water Works Co., the largest
publicly traded U.S. water utility, boosted third-quarter profit
after completing four acquisitions.

Net income from continuing operations gained 4.5 percent to
$156.6 million, or 87 cents a share, compared with a year ago,
the Voorhees, New Jersey-based company said today in a
statement. Revenue increased 2.9 percent to $846.2 million.

American Water added about 2,200 customers through its four
acquisitions in the quarter and received the company’s 11th
military base contract, according to the statement.

Calgon Carbon Corp., a Pittsburgh-based company whose
environmental products help purify water and clean air
pollutants, reported third-quarter sales slipped 1.2 percent to
$137.7 million from a year ago. The shares declined 1.4 percent
to $20.50, trimming gains in the past year to 3.3 percent.

York Water Co., the oldest investor-owned water utility in
the U.S., fell 3.2 percent, the most in nine months, to $21.43
after the Pennsylvania company reported operating revenue of
almost $12.1 million in the third quarter and earnings per share
of 23 cents that missed analysts’ average estimates.

American States Water Co., based in San Dimas, California,
reported third-quarter revenue of $138.3 million. Shares fell
3.2 percent, the most in 11 months, to $34.90.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Randall Hackley at
rhackley@bloomberg.net
Keith Gosman, Carlos Caminada

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