The York Water Company
30.90-1.56 (-4.81%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · YORW · USD
Key Stats
Market Cap
445.61MP/E (TTM)
22.55Basic EPS (TTM)
1.37Dividend Yield
0.03%Recent Filings
8-K
COO appointment announced
The York Water Company appointed Matthew J. Scarpato as Chief Operating Officer effective October 1, 2025, promoting him from his Vice President of Operations role since July 2023. Scarpato brings prior experience as CFO and operations VP at Homestead Village Enhanced Senior Living and executive VP at York Jewish Community Center. This internal move strengthens operational leadership continuity. No related arrangements or transactions disclosed.
8-K
New independent director appointed
The York Water Company appointed William T. Yanavitch II as an independent director, effective September 1, 2025, following a board meeting on August 25. Yanavitch, a retired Chief Human Resources Officer from Kinsley Enterprises and owner of a HR consulting firm, brings expertise in compensation and governance, joining the Executive Committee with a term until the 2026 shareholder meeting. No related arrangements or transactions exist. This bolsters board oversight in human resources.
8-K
Q2 revenues up, six-month net income down
The York Water Company reported second-quarter 2025 operating revenues of $19.2 million, up $0.4 million from 2024, with net income steady at $5.1 million and EPS at $0.35. For the first six months, revenues rose $1.3 million to $37.7 million, yet net income fell $0.6 million to $8.7 million, EPS dropping to $0.60 from $0.65, as higher operation costs and interest outpaced customer growth and DSIC gains. Capital investments hit $22.2 million in the period, with $23.8 million more planned for infrastructure upgrades. Forward-looking estimates carry risks from uncertainties.
10-Q
Q2 FY2025 results
The York Water Company posted steady Q2 results, with operating revenues up 2.4% y/y to $19.2M from customer growth and a $0.5M DSIC boost, while operating income edged 0.3% higher to $7.1M amid rising depreciation and insurance costs offset by lower maintenance. For the half-year, revenues climbed 3.5% y/y to $37.7M, but net income dipped 6.8% to $8.7M due to higher interest on debt and reduced AFUDC, with diluted EPS flat at $0.60 on 14.4M shares. Operating cash flow strengthened 5.9% y/y to $13.6M, funding $22.2M in utility plant additions; free cash flow not disclosed in the 10-Q. Long-term debt stood at $218.1M with $28.5M on the line of credit due September 2026, and cash at a nominal $1. Pending acquisitions will add ~585 customers by mid-2026. A pending rate case seeks $24.2M in hikes effective no later than March 2026. Yet regulatory delays can crimp returns.
8-K
Shareholders approve elections, audits
The York Water Company shareholders convened their annual meeting on May 5, 2025, electing Paul R. Bonney, Jody L. Keller, Steven R. Rasmussen, and Robert F. Lambert to three-year board terms amid strong support, with votes for ranging from 8.16 million to 8.60 million shares. They ratified Baker Tilly US, LLP as auditors for 2025 with 10.98 million shares in favor, approved executive compensation advisory and the 2025 Long-Term Incentive Plan, both passing handily. Continuity strengthens governance. Yet broker non-votes hit 2.78 million shares.
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