-----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, UogbX0Ucv5VvlUm2265AHPUU05EGM0i7eSxRdnxNaFTLvsV7DSKolcy/BTzNhesO Zs20c56W8M+QACmZKnNF9Q== 0000108985-04-000057.txt : 20040507 0000108985-04-000057.hdr.sgml : 20040507 20040507131533 ACCESSION NUMBER: 0000108985-04-000057 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040507 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040507 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: 04788045 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 mainbody052704.htm THE YORK WATER COMPANY 8K 05/07/04 The York Water Company 8k 05/07/04
 

UNITED STATES
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 May 7, 2004
Commission file number 0-690
(Date of earliest event reported)
 
 
 

 
THE YORK WATER COMPANY
(Exact name of registrant as specified in its charter)

 
 
 
PENNSYLVANIA
23-1242500
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
 
 
130 EAST MARKET STREET
YORK, PENNSYLVANIA
 
17401
(Address of principal executive offices)
(Zip Code)
 
 
 
 

(717) 845-3601
(Registrant's telephone number, including area code)
 

 
     
 
 

THE YORK WATER COMPANY


Item 7.
Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits

99.1   Press Release, May 7, 2004, issued by the York Water Company
 

Item 12.
Disclosure of Results of Operations and Financial Condition

On May 7, 2004, The York Water Company issued a press release announcing its first quarter 2004 financial results. The press release is being furnished with this Current Report on Form 8-K Exhibit 99.1 and is hereby incorporated herein by reference. This report (including the exhibit) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any filing made by the Registrant pursuant to the Securities Act of 1933, as amended, other than to the extent that such filing incorporates by reference any or all of such information by express reference thereto.
 
     
 

THE YORK WATER COMPANY

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 thereunto duly authorized.



 
THE YORK WATER COMPANY
 
 
 
 
 
/s/ Kathleen M. Miller         
Date: May 7, 2004
Kathleen M. Miller
Chief Financial Officer
 
 

 EX-99.1 2 pressrelease052704.htm EXHIBIT 99.1 PRESS RELEASE 052704 Exhibit 99.1 Press Release 052704
Exhibit 99.1
 
News Release
 
 
The York Water Company
 
 
130 East Market Street
 
 
York, PA 17401
Contact:
Jeffrey S. Osman, President
 
 
 
Or
Kathleen M. Miller, Chief Financial Officer
 
 
Phone:
717-845-3601
FOR IMMEDIATE RELEASE
 
 
 

YORK WATER COMPANY ANNOUNCES THREE MONTH EARNINGS

York, Pennsylvania, May 7, 2004: The York Water Company's (NASDAQ:YORW) President, Jeffrey S. Osman, announced today the Company's financial results for the first quarter of 2004.

President Osman reported that the operating revenues of $5,363,000 increased 12.7% over the first quarter of 2003 due to customer growth, higher consumption and the rate increase effective June 2003.

During the first quarter of 2004, the Company had a non-recurring after-tax gain on the sale of land of $491,000. After this item, net income was $1,086,181, an increase of 43.4% compared to the first quarter of 2003. The increase in net income is attributed to the increase in revenues and controlled costs.

During the first quarter of 2004, the Company incurred $6.6 million on construction projects, primarily on the Susquehanna River Pipeline Project, and additionally to expand its service territory. The Pipeline Project will increase capacity by 50%, or 12 million gallons per day, and will allow the Company to continue to meet the water needs of its customers, and will set aside the possibility of water rationing, plant closings and discontinued operations associated with drought emergencies and water restrictions.

 
Three Months Ended
March 31
In 000's (except per share)
 
2004
 
2003
Water Operating Revenues
$5,363
 
$4,758
Net Income
$1,577
 
$ 758
Average Number of Common Shares Outstanding
6,421
 
6,367
Basic Earnings per Common Share
$ 0.25
 
$ 0.12
Dividends Paid Per Common Share
$0.145
 
$0.135
 
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