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American States Water Company Announces Earnings For The Third Quarter Of 2011

Stocks in this article: AWR

American States Water Company (NYSE:AWR) today reported net income of $15.6 million, or basic and fully diluted earnings per share of $0.83 for the quarter ended September 30, 2011, as compared to net income of $6.7 million, or basic and fully diluted earnings per share of $0.36 and $0.35, respectively, for the quarter ended September 30, 2010. Basic and fully diluted earnings from continuing operations were also $0.83 per common share for the quarter ended September 30, 2011, as compared to basic and fully diluted earnings from continuing operations of $0.31 and $0.30 per common share, respectively, for the quarter ended September 30, 2010. The table below sets forth a comparison of diluted earnings per share for the third quarter.


Q3 2011


Q3 2010


$ Change

Income from continuing operations $ 0.83 $ 0.30 $ 0.53
Income from discontinued operations   ---             0.05             (0.05)
Total diluted earnings per share $ 0.83           $ 0.35           $ 0.48

“We are pleased with our third quarter earnings and continue to see improvements in each of our three business segments,” said President and Chief Executive Officer Robert J. Sprowls. “In addition, EBITDA from continuing operations increased by $17 million to $42 million for the third quarter of 2011 as compared to the third quarter of 2010,” Sprowls added.

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