American Water reports Q2 EPS $1.48, consensus $1.53

Reports Q2 revenue $1.276B, consensus $1.23B. “The company delivered solid results for the first half of the year,” said John Griffith, President and CEO of American Water (AWK). “We are excited about the outlook for growth in the business, the foundation of which is continued investment in the communities we currently serve. We are also pleased with the positive momentum in our acquisition growth strategy, including the recently announced transaction to purchase Nexus Water Group systems in eight of our existing regulated states,” added Griffith. “Through this and other announced transactions, we will grow and continue to leverage our scale and size to deliver safe, clean, reliable and affordable water and wastewater services to customers.”