Company profile

Jeffrey R. Hines
Incorporated in
Fiscal year end
Industry (SEC)
IRS number

YORW stock data



2 Aug 19
21 Oct 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 13.05M 11.83M 12.07M 12.7M
Net income 3.72M 2.81M 3.68M 3.8M
Diluted EPS 0.28 0.22 0.29 0.29
Net profit margin 28.49% 23.78% 30.47% 29.93%
Operating income 6.07M 5.29M 5.63M 6.43M
Net change in cash 0 0 0 0
Cash on hand 2K 2K 2K 2K
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 48.44M 48.59M
Net income 13.38M 12.97M 11.85M 12.49M
Diluted EPS 1.04 1.01 0.92 0.97
Net profit margin 27.62% 26.70%
Operating income 22.52M 23.69M 22.89M 22.66M
Net change in cash 0 -4.21M 1.33M 1.39M
Cash on hand 2K 2K 4.21M 2.88M

Financial data from York Water earnings reports

Financial report summary

Management Discussion
  • (All dollar amounts are stated in thousands of dollars.)
  • The York Water Company (the “Company”) is the oldest investor-owned water utility in the United States, operated continuously since 1816. The Company also operates three wastewater collection systems and two wastewater treatment systems.  The Company is a purely regulated water and wastewater utility.  Profitability is largely dependent on water revenues.  Due to the size of the Company and the limited geographic diversity of its service territory, weather conditions, particularly rainfall, economic, and market conditions can have an adverse effect on revenues.  While the economy in general continued to improve, market conditions were volatile.  The Company experienced decreased revenues in 2018 compared to 2017 as a result of giving back to customers the benefit of tax reform and lower per capita consumption, which were partially offset by revenues from the distribution system improvement charge, or DSIC, an increase in the number of customers served, and the West York Borough wastewater acquisition.
  • The Company’s business does not require large amounts of working capital and is not dependent on any single customer or a very few customers for a material portion of its business.  In 2018, operating revenue was derived from the following sources and in the following percentages: residential, 65%; commercial and industrial, 28%; and other, 7% which is primarily from the provision for fire service, but includes other water and wastewater service-related income.  The diverse customer mix helps to reduce volatility in consumption.
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