Corporate Profile for Connecticut Water Service, dated July 9, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: July 9, 1999
Company Name: Connecticut Water Service Inc.
Address: 93 West Main Street
Clinton, CT 06413
Main Telephone
Number: 860/669-8630
Internet Home
Page Address
(URL) ctwater.com
Chief Executive
Officer: Marshall T. Chiaraluce
Chief Financial
Officer: David C. Benoit
Investor Relations
Contact: Michele G. DiAcri
Business number: 800/428-3985 x305
Public Relations
Contact: Dan Meaney
Business number: 800/428-3985 x302
Industry: Water Utility
Trading Symbol/
Exchange: CTWS/Nasdaq
Market Makers: (if public) Edward Jones, A. G. Edwards
Company description: Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). Water Service, Inc. is a non-operating holding company whose income is derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. entirely from its subsidiary. The principal business is water service to 63,000 residential, commercial, industrial and municipal customers throughout 35 towns in Connecticut The U.S. state of Connecticut is divided into 169 towns. The towns are grouped into eight counties. 19 of the towns are consolidated city-towns and one is a consolidated borough-town. These are indicated in the list below. (an estimated population of 220,000). CTWS CTWS Confederated Tribes of Warm Springs provides water service to more Connecticut towns than any other water company. Connecticut Water Service, Inc., founded in 1956, and its subsidiary, The Connecticut Water Company, has water distribution experience dating back to 1866, and represent the second-largest, investor-owned water system in Connecticut in terms of operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. and utility plant investment and is one of the 12 publicly-traded, investor-owned water utility stocks in the U.S. -0- HIGHLIGHTS Years Ended December 31, 1998 ---------------------------------------------------------------------- FINANCIAL (Thousands) Operating Revenues $37,924 Net Income Applicable to Common Stock $ 6,927 ---------------------------------------------------------------------- COMMON STOCK (Per Share Data)(b) Basic Earnings Per Average Share $ 1.53 Stock Price (End of Year) $ 27.00 Dividends Paid $ 1.167 Book Value Per Share (End of Year) $ 12.77 ---------------------------------------------------------------------- OPERATIONS Volumes Sold (Millions of Gallons) 5,560 Number of Customers (Year End) 63,780 Number of Employees (Year End) 156 |
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