-----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, SfH0uJQOedlS2r/bFuDj5XicchCb8vicafStMGqqJ3mOcQK/m6X8s1d1Dctwjfav hfbqWAxzz8qlxK+bJGb35Q== 0000108985-04-000105.txt : 20040806 0000108985-04-000105.hdr.sgml : 20040806 20040806134310 ACCESSION NUMBER: 0000108985-04-000105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040806 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040806 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: 04957237 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 mainbody080604.htm THE YORK WATER COMPANY 8K 08-06-04 The York Water Company 8k 08-06-04
 

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 August 6, 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, August 6, 2004, issued by the York Water Company
 

Item 12.
Disclosure of Results of Operations and Financial Condition

On August 6, 2004, The York Water Company issued a press release announcing its second quarter and first half 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: August 6, 2004
Kathleen M. Miller
Chief Financial Officer
 
 
 EX-99.1 2 pressrelease080604.htm EXHIBIT 99.1 PRESS RELEASE 080604 Exhibit 99.1 Press Release 080604
Exhibit 99.1
 
News Release
 
 
The York Water Company
 
 
130 East Market Street
 
 
York, PA 17401
Contact:
Jeffrey S. Osman, President
 
[Graphic]
 
or
Kathleen M. Miller, Chief Financial Officer
 
 
Phone:
717-845-3601
FOR IMMEDIATE RELEASE
 
 
 

YORK WATER COMPANY
REPORTS IMPROVED SIX MONTH EARNINGS

York, Pennsylvania, August 6, 2004: The York Water Company’s (Nasdaq: YORW) President, Jeffrey S. Osman, announced today the Company’s financial results for the second quarter and the first six months of 2004.

President Osman reported that quarterly operating revenues of $5,498,000 increased 8.9% over the second quarter of 2003, and that quarterly net income of $1,050,000 was the same as the second quarter of 2003. Second quarter 2004 net income was reduced by approximately $93,000 due to a non-recurring termination settlement. President Osman also reported that the first six months’ operating revenues of $10,861,000 increased 10.8% over the first six months of 2003, and that net income of $2,627,000 increased 45.4% compared to the first six months of 2003. The increase in net income is attributed to a non-recurring after-tax gain on the sale of land, increased revenues and controlled costs.

During the first half of 2004, the Company incurred $15.4 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 meet the water needs of its current and future customers, and will set aside the possibility of water rationing, plant closings and discontinued operations associated with drought emergencies and water restrictions.

 
Period Ended June 30
 
In 000's (except per share)
 
Quarter
Six Months
 
2004
2003
2004
2003
Water Operating Revenues
$5,498
$5,048
$10,861
$9,806
Net Income
$1,050
$1,050
$2,627
$1,807
Average Number of Common Shares Outstanding
6,427
6,373
6,427
6,373
Basic Earnings Per Common Share
$0.16
$0.16
$0.41
$0.28
Dividends Paid Per Common Share
$0.145
$0.135
$0.290
$0.270

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