Philadelphia Suburban Corporation Will Announce a Significant Increase in First Quarter 2001 Earnings On May 2, 2001
Philadelphia Suburban Corporation Will Announce a Significant Increase in First Quarter 2001 Earnings On May 2, 2001
April 27, 2001
First quarter 2001 earnings grew as a result of increased revenues enhanced by cost containment efforts, and were aided by the company's previously announced land disposition strategy to re-deploy non-earning assets to assets that will support the company's growth program. Net income per share is expected to exceed current consensus estimates.
The company's quarterly conference call with analysts will be held on Wednesday, May 2, 2001, at 10:00 a.m. Eastern Daylight Time. Interested parties may listen to the conference call over the Internet by logging onto www.suburbanwater.com.
PSC is one of the nation's most profitable investor-owned water utilities serving nearly two million residents in Pennsylvania, Ohio, Illinois, New Jersey, Maine, and North Carolina.
PSC is a publicly traded company listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol "PSC" and has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.
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CONTACT:
Philadelphia Suburban Corporation, Philadelphia
Keya W. Epps, 610/645-1084
or
Donna Alston, 610/645-1095