These two items fueled a 56% increase in earnings per share from continuing operations quarter-over-quarter or more than a 42% increase for the first six months compared to the same period if 2011. We saw similar improvements in cash flow from operations with the 67% and 21% increase for the quarter in six months respectively.And this provided an additional $55 million of internal cash so far this year to help fund our regulated investments. This all reflects in our earned ROE which for the last 12 months increased almost a full percentage point over the prior 12 month period and as you know in May our Board of Directors increased its quarterly cash dividend payments which is payable in September by 8.7%. Also based on our performance so far and prospects for the balance of the year we are increasing our earnings guidance for 2012. The range that we have had in place for the year is a $1.90 to $2 per share.
American Water Works CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts