Last $54.08 USD
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american water works co inc (AWK) Key Developments

American Water Works Company, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Affirms Earnings Guidance for the Year of 2015

American Water Works Company, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenues of $731,378,000 against $706,242,000 a year ago. Operating income was $731,378,000 against $706,242,000 a year ago. Income from continuing operations before income taxes was $149,146,000 against $101,889,000 a year ago. Income from continuing operations was $93,946,000 or $0.52 per diluted share against $59,693,000 or $0.34 per diluted share a year ago. Net income was $93,501,000 or $0.52 per diluted share against $59,693,000 or $0.33 per diluted share a year ago. Adjusted income from continuing operations $94,131,000 or $0.52 per diluted share against $85,877,000 or $0.48 per diluted share a year ago. For the full year, the company reported operating revenues of $3,011,328,000 against $2,878,936,000 a year ago. Operating income was $1,002,576,000 against $948,316,000 a year ago. Income from continuing operations before income taxes was $709,814,000 against $607,937,000 a year ago. Income from continuing operations was $429,841,000 or $2.39 per diluted share against $370,844,000 or $2.07 per diluted share a year ago. Net income was $423,108,000 or $2.35 per diluted share against $369,264,000 or $2.06 per diluted share a year ago. Adjusted regulated operating revenues were $2,570,825,000 against $2,498,424,000 a year ago. Adjusted income from continuing operations $436,848,000 or $2.43 per diluted share against $395,600,000 or $2.21 per diluted share a year ago. The company affirmed its 2015 earnings guidance from continuing operations (a non-GAAP financial measure) to be in the range of $2.55 to $2.65 per diluted share.

American Water Appoints Karl F. Kurz as New Independent Member to Board of Directors

American Water announced that Karl F. Kurz has been appointed as an independent member of the company's board of directors effective February 18, 2015. Kurz is a former chief operating officer for Anadarko and also held management positions at Vastar Resources and ARCO Oil and Gas. Most recently, Kurz served as a managing director of CCMP Capital Advisors, LLC, from 2009 to 2012. Prior to CCMP, Kurz spent nine years with Anadarko Petroleum Corporation, last serving as chief operating officer from December 2006 to 2009. He was responsible for overseeing the companyâ s global exploration and production, marketing, midstream, land, technology and service businesses. Kurz also previously served as general manager of midstream and marketing for Vastar Resources, Inc. where he managed the company's marketing of oil, natural gas liquids, gas and gas processing. He also held management positions at ARCO Oil & Gas Company in several business units including reservoir engineering, production, operations, crude oil marketing, and financial trading. Kurz currently serves on the boards of WPX Energy Inc., SemGroup Corporation and Siluria Technologies. He previously served as a board member of the American Petroleum Institute, the Independent Petroleum Association of America, the Natural Gas Supply Association and Western Gas Partners LP.

American Water Appoints Michael A. Sgro as Senior Vice President, General Counsel and Secretary

American Water Works Company, Inc. announced that Michael A. Sgro has been named the Senior Vice President, General Counsel and Secretary effective Feb. 18, 2015. Sgro was most recently general counsel of American Water's Northeast Division, and has also been serving as American Water's interim general counsel since early January. Sgro joined American Water in 1993 as secretary and corporate counsel of New Jersey American Water, eventually becoming the Northeast Division's general counsel, which includes American Water's New Jersey and New York subsidiaries. In this role, he was responsible for all legal matters, including acquisitions and other business development opportunities, real estate and regulatory matters, various contract and commercial matters, and corporate governance. Sgro also led New Jersey American's government affairs efforts for the past six months. Prior to joining American Water, Sgro was an Associate with Dechert LLP. Sgro also held various business positions with CertainTeed Corporation.

American Water Works Company, Inc. to Report Q4, 2014 Results on Feb 24, 2015

American Water Works Company, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 24, 2015

American Water Works Company, Inc., Q4 2014 Earnings Call, Feb 25, 2015

American Water Works Company, Inc., Q4 2014 Earnings Call, Feb 25, 2015

 

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