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Last $31.70 USD
Change Today -0.31 / -0.97%
Volume 364.7K
AVA On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

avista corp (AVA) Key Developments

Avista Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Avista Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's operating revenues were $337,332,000 against $312,580,000 a year ago. Income from continuing operations was $57,360,000 against $62,731,000 a year ago. Income from continuing operations before income taxes was $40,094,000 against $47,961,000 a year ago. Net income from continuing operations was $25,078,000 against $31,270,000 a year ago. Net income attributable to Avista Corp. shareholders was $25,246,000 against $100,871,000 a year ago. Earnings diluted per common share from continuing operations were $0.40 against $0.52 a year ago. Total earnings diluted per common share attributable to Avista Corp. were $0.40 against $1.67 a year ago. For the six months, the company's operating revenues were $783,822,000 against $759,158,000 a year ago. Income from continuing operations was $146,935,000 against $153,073,000 a year ago. Income from continuing operations before income taxes was $112,803,000 against $122,709,000 a year ago. Net income from continuing operations was $71,540,000 against $78,736,000 a year ago. Net income attributable to Avista Corp. shareholders was $71,695,000 against $149,370,000 a year ago. Earnings diluted per common share from continuing operations were $1.14 against $1.31 a year ago. Total earnings diluted per common share attributable to Avista Corp. were $1.14 against $2.48 a year ago. For the full year 2015, the company continues to expect EPS of $1.86 to $2.06 per share. The company expects Avista Utilities to contribute between $1.81 to $1.95 per share. Due to significantly warmer than normal weather and reduced heating loads in the first quarter of 2015, the company expects a reduction to annual consolidated earnings of approximately $0.08 per diluted share, including the impact of decoupling in Washington. The company expects this to be partially offset by a benefit under the term of about $0.06 per diluted share. in addition, because the company did not reach the targeted level of repurchases for stock repurchase programs, the company expects earnings dilution of approximately $0.03 per diluted share in 2015.

Avista Corp. Announces Executive Changes

On July 30, 2015, Avista Corporation announced that Christy Burmeister-Smith, the current Vice President, Controller and Principal Accounting Officer is planning to retire effective September 30, 2015 and that Ryan Krassselt, Director of Risk Management and Assistant Treasurer, has been appointed Vice President, Controller and Principal Accounting Officer effective October 1, 2015. From May 5, 2014, Mr. Krasselt has been the Director of Risk Management and Assistant Treasurer and from 2011 to 2014 he was the Director of Finance and Assistant Treasurer.

Avista Corp. to Report Q2, 2015 Results on Aug 05, 2015

Avista Corp. announced that they will report Q2, 2015 results at 10:30 AM, US Eastern Standard Time on Aug 05, 2015

Avista Corp., Q2 2015 Earnings Call, Aug 05, 2015

Avista Corp., Q2 2015 Earnings Call, Aug 05, 2015

Avista Corp. Presents at UBS West Coast Mini-Conference, Jun-03-2015

Avista Corp. Presents at UBS West Coast Mini-Conference, Jun-03-2015 . Venue: Los Angeles and San Francisco, California, United States.

 

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