Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

American Water Works Profit Falls on Costs From Hurricane Sandy

American Water Works Co., the largest publicly traded U.S. water company, said fourth-quarter income fell 14 percent because of increased costs and reduced sales after Hurricane Sandy.

Net income fell to about $55 million, or 30 cents a share, from $65 million, or 34 cents a share, a year earlier, the Voorhees, New Jersey-based company said in a statement today. That was three cents less than the average of eight estimates compiled by Bloomberg.

Income for all of 2012 increased 16 percent to $358.1 million, or $2.11 a share, as “sales were increased by the abnormally hot, dry weather in the summer,” Chief Executive Officer Jeff Sterba said in the statement.

American Water Works reiterated that it expects 2013 earnings per share to be in the range of $2.15 to $2.25.

The company said last month that earnings in the fourth quarter would be affected by Hurricane Sandy.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.