The York Water Company 8K 02-24-06

0000108985-06-000019.txt : 20060224 0000108985-06-000019.hdr.sgml : 20060224 20060224110342 ACCESSION NUMBER: 0000108985-06-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060224 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060224 DATE AS OF CHANGE: 20060224 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: 06641440 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 mainbody022406.htm THE YORK WATER COMPANY 8K 02-24-06 The York Water Company 8K 02-24-06

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 February 24, 2006

(Date of earliest event reported)

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)

(717) 845-3601

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

THE YORK WATER COMPANY

Item 2.02

Results of Operations and Financial Condition.

On February 24, 2006, The York Water Company issued a press release announcing its fourth quarter and annual 2005 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.

Item 9.01

Financial Statements and Exhibits.

99.1 Press Release, February 24, 2006, issued by the York Water Company

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

Date: February 24, 2006	By:	/s/ Kathleen M. Miller
		Kathleen M. Miller
		Chief Financial Officer

EX-99.1 2 exhibit991-022406.htm THE YORK WATER COMPANY PRESS RELEASE 2-24-06 The York Water Company Press Release 2-24-06

EXHIBIT 99.1

News Release
		The York Water Company
		130 East Market Street
		York, PA 17401
Contact:	Jeffrey S. Osman, President and CEO
or	Kathleen M. Miller, Chief Financial Officer

Phone:	717-845-3601	FOR IMMEDIATE RELEASE

YORK WATER COMPANY ANNOUNCES RECORD EARNINGS FOR 2005

York, Pennsylvania, February 24, 2006: The York Water Company’s (Nasdaq: YORW) President and CEO, Jeffrey S. Osman, announced today that the Company has achieved yet another all-time high financial performance in 2005. The Company posted the highest ever operating revenues, operating income, earnings and earnings per share. Improved revenues, operating income and earnings are attributed to customer growth and increased rates, which became effective November 9, 2004.

President and CEO Osman reported that the operating revenues of $26.8 million were up 19.1% and that earnings of $5.8 million increased 10.0% compared to 2004.

During the year, the Company incurred over $15.6 million on construction projects, primarily on its water facilities to expand its service territory and serve new customers. During 2005, the Company installed over 150,000 feet of pipe to extend its distribution system.

Operating revenues for the fourth quarter increased $0.6 million or 9.8% over the fourth quarter of 2004. Net income for the fourth quarter decreased $0.045 million or 3.1% compared to the fourth quarter 2004. Decreased earnings during the fourth quarter of 2005 compared to the fourth quarter of 2004 are attributed to increases in wages, the cost of employee benefits and depreciation expense.

	Period Ended December 31
	In 000's (except per share)
	Quarter		Twelve Months
	2005	2004	2005	2004
Water Operating Revenues	$6,669	$6,074	$26,805	$22,504
Net Income	$1,390	$1,435	$5,833	$5,301
Average Number of Common Shares Outstanding	6,922	6,874	6,906	6,625
Basic Earnings Per Common Share	$0.20	$0.21	$0.84	$0.80
Dividends Paid Per Common Share	$0.168	$0.156	$0.636	$0.591