-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BDEvF6+xgDztyPyLcRXdVN7tbHs3MkF+lnRx2Nc86Tf5JXxybpddC9U3c9s9WRBO xNRwAK0Cy5Az2I9C09HuiA== 0000108985-03-000004.txt : 20030310 0000108985-03-000004.hdr.sgml : 20030310 20030310171502 ACCESSION NUMBER: 0000108985-03-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030310 ITEM INFORMATION: Other events FILED AS OF DATE: 20030310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YORK WATER CO CENTRAL INDEX KEY: 0000108985 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 231242500 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00690 FILM NUMBER: 03598466 BUSINESS ADDRESS: STREET 1: 130 E MARKET ST CITY: YORK STATE: PA ZIP: 17405 BUSINESS PHONE: 7178453601 MAIL ADDRESS: STREET 1: PO BOX 15089 8-K 1 march8k.txt EARNINGS RELEASE 2002 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 10, 2003 THE YORK WATER COMPANY (Exact name of Registrant as specified in its Charter) Pennsylvania 0-690 23-1242500 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 130 East Market Street, York, Pennsylvania 17401 (Address of principal executive offices) (Zip Code) Registrant's telephone number including Area Code 717-845-3601 (Former name or former address, if changed since last report.) THE YORK WATER COMPANY FORM 8-K ITEM 5. OTHER EVENTS YORK WATER COMPANY ANNOUNCES EARNINGS FOR 2002 York, Pennsylvania, March 10, 2003: The York Water Company's (NASDAQ: YORW)President, Jeffrey S. Osman, announced today the Company's financial results for 2002. President Osman reported that the operating revenues of $19,553,000 were up .8% and that net income of $3,790,000 decreased 5.4% compared to 2001. The decrease in net income is attributed predominately to the drought. The Company also incurred higher realty taxes, pension and insurance expenses. The Company has filed for a rate increase to recover the increase in these expenses. During the year the Company spent $6.3 million on construction projects, primarily on its water distribution system to expand its service territory. Three Months End Twelve Months Ended In 000's (except per share) December 31 December 31 2002 2001 2002 2001 Water Operating Revenues $4,721 $5,034 $19,553 $19,403 Net Income 878 983 3,790 4,006 Average Number of Common Shares Outstanding 6,330 6,153 6,330 6,153 Basic Earnings Per Common Share .14 .15 .60 .65 Dividends Paid Per Common Share .14 .13 .53 .51 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The York Water Company (Registrant) Dated: March 10, 2003 By: /s/ Kathleen M. Miller (Kathleen M. Miller) Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----