York Water Co (YORW) 2014年年度报告「NASDAQ」.pdf

1、2014 Annual ReportOurService,Growth&Performance for 199 YearsPumping Station Circa 1914York Waters original pumping station was built in 1896 with steam pumps coming on line in 1897.The station provided reliable steam power to operate our water pumps until 1981 when they were fully replaced with ele

2、ctric and diesel pumps.Although the chimney,coal bins,and steam boilers have been removed over the years,the pumping station still provides uninterrupted service to our customers.2014 Annual Report“For almost Two Centuries,The York Water Company Tradition of Service,Growth and Performance Has Result

3、ed in Success-a Tradition Worth Celebrating!Many companies celebrate milestones and next year The York Water Company will celebrate the 200th Anniversary of uninterrupted service.There are only a handful of public companies in America that can make that claim.In fact the average American company sel

4、dom lasts more than 40 years.Since well be celebrating 200 years in our next annual report,this year weve highlighted previous milestone annual reports.A look back into the past confirms that the determination,effort,and foresight that served our predecessors,our customers,and our shareholders,is pr

5、opelling us forward to success far beyond 200 years!100th125th150th175.thDear Shareholders,I am pleased to report that 2014 was a record year which continues our199-year tradition of service,growth,and performance.Record Financial PerformanceDue to our continued growth,an increase in rates,and some

6、beneficialchanges to tax regulations,2014 results were the best in our history.Operating revenues grew by 8.3%to$45.9 million in 2014.Operating incomeincreased 6.3%to$22.1 million.Our net income increased by 19.0%to$11.5million in 2014.Earnings per share increased 18.7%to$0.89.The implementation of