form8k080812.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report: August 8, 2012

(Date of earliest event reported)

THE YORK WATER COMPANY

(Exact name of registrant as specified in its charter)

PENNSYLVANIA	001-34245		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)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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 August 8, 2012, York Water Company issued a press release announcing its financial results for the second quarter and the first six months of 2012. 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.

(c) Exhibits.

Exhibit No.	Description of Exhibit

99.1	Press Release, August 8, 2012, issued by the York Water Company

THE YORK WATER COMPANY

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: August 8, 2012	By:	/s/Kathleen M. Miller
		Kathleen M. Miller
		Chief Financial Officer

News Release
		The York Water Company
		130 East Market Street
Contact:	Jeffrey R. Hines, President	York, PA 17401
Or	jeffh@yorkwater.com
	Kathleen M. Miller, Chief Financial Officer
	kathym@yorkwater.com
Phone:	717-845-3601	FOR IMMEDIATE RELEASE

YORK WATER COMPANY REPORTS 2nd QUARTER AND SIX MONTHS EARNINGS

AND CLOSING ON ASBURY POINTE WASTEWATER ACQUISITION

York, Pennsylvania, August 8, 2012: The York Water Company's (NASDAQ:YORW) President, Jeffrey R. Hines, announced today the Company's financial results for the second quarter and the first six months of 2012.

President Hines reported that second quarter operating revenues of $10,352,000 decreased $100,000 and net income of $2,204,000 decreased $254,000 compared to the second quarter of 2011. Earnings per share of $0.17 for the three-month period decreased $0.02 compared to the same period last year.

President Hines also reported that the first six months operating revenues of $20,021,000 decreased $76,000, and net income of $4,145,000 decreased $452,000 compared to the first six months of 2011. The first six months of 2011 benefited from favorable tax law changes and non-taxable life insurance proceeds, which did not recur during the first six months of 2012. Lower revenue, and increases in wages and benefits, depreciation and distribution system maintenance expenses contributed to a lesser extent to the decline in net income. The increased expenses were partially offset by a lower provision for doubtful accounts and reduced power costs. Earnings per share of $0.32 for the six-month period decreased $0.04 compared to the same period last year.

During the first six months of 2012, the Company invested $5.6 million in capital projects for upgrades to its enterprise software system and its distribution system, as well as various scheduled replacements of aging infrastructure. The Company estimates it will invest an additional $6.5 million in 2012 for expansion and improvements to its systems and infrastructure to continue providing excellent customer service and ensuring a safe, adequate, and reliable supply of drinking water for the Company’s growing customer base.

	Period Ended June 30
	In 000's (except per share)
	Quarter		Six Months
	2012	2011	2012	2011
Operating Revenues	$ 10,352	$ 10,452	$ 20,021	$ 20,097
Net Income	$ 2,204	$ 2,458	$ 4,145	$ 4,597
Average Number of Common Shares Outstanding	12,832	12,721	12,817	12,708
Basic Earnings Per Common Share	$ 0.17	$ 0.19	$ 0.32	$ 0.36
Dividends Paid Per Common Share	$ 0.1336	$ 0.1310	$ 0.2672	$ 0.2620

On July 31, 2012, the Company closed on the acquisition of the wastewater facilities of the Asbury Pointe Water & Sewer Company, in York County, Pennsylvania. The Company began operating the existing collection and treatment facilities on August 1, 2012. The acquisition resulted in the addition of approximately 240 wastewater customers at a purchase price of approximately $305,000. This acquisition represents York Water’s first wastewater asset purchase. Three water acquisitions are expected to close during the second half of the year.

This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.

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