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American Water Works

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BUSINESS
July 19, 1999 | By Harold Brubaker, INQUIRER STAFF WRITER
Compensation in the most recent fiscal year for which data are available of selected corporate officers at Philadelphia-area companies required to report this information to the SEC. Total includes salary, bonus, restricted stock awards, incentive plan payouts and, for executives marked with an asterisk, profits from options granted in previous years. The key to the position abbreviations is on the next page. NAME TITLE TOTAL A.C. Moore Arts & Crafts, Blackwood, Retail Jack Parker CEO 300,000 Rex Rambo COO 300,000 Patricia A. Parker EVP 215,000 Leslie H. Gordon CFO 207,000 William Kaplan Ch 150,000 Acrodyne Communications, Blue Bell, Communications equipment A. Robert Mancuso CEO 150,000 Daniel D. Traynor GM 126,500 Timothy P. Hulick VP 113,000 Advanta, Spring House, Financial services Dennis Alter CEO 10,293,590 Olaf Olafsson P 7,446,171 William A. Rosoff VCh 6,842,081 Philip M. Browne CFO 1,959,704 Charles H. Podowski CEO/S 722,072 Airgas, Radnor, Distribution Herman Knieling GP 939,019 Peter McCausland CEO 550,000 William A. Rice Jr. COO 285,356 Ted R. Schulte VP 273,390 Samuel H. Goldstein CIO 225,000 Air Products & Chemicals, Allentown, Chemicals Harold A. Wagner CEO 4,301,191 Joseph J. Kaminski EVP 1,908,765 John P. Jones 3d COO 1,678,040 James H. Agger GC 1,588,988 Robert E. Gadomski EVP 1,514,937 Alliance...
BUSINESS
April 30, 1994 | THE INQUIRER STAFF
American Water Works Co., the nation's largest water utility, reported a modest increase in first-quarter earnings. Revenues were substantially higher because the company acquired four new Midwestern water utilities last year. AMER. WATER WORKS (AWK) NYSE 1 QTR. '94 1 QTR. '93 PCT. END 3/31 END 3/31 CHG. Sales (millions) $177.7 $155.5 +14 Net income (millions) $9.43 $9.16 +3 Per share $0.30 $0.30 - KULICKE & SOFFA. Net income and income per share were up substantially in its second 1994 quarter, the firm announced yesterday.
BUSINESS
February 3, 1995 | By Andrew Maykuth, INQUIRER STAFF WRITER
American Water Works Co. Inc. yesterday reported robust fourth-quarter earnings that salvaged what had been a stagnant year. Profits for the last three months of 1994 jumped 22 percent largely because of reductions in operating expenses, said George W. Johnstone, president and CEO of the Voorhees company, which operates water utilities in 21 states. The fourth-quarter boost accounted for almost all the company's 5 percent increase in annual earnings and more than atoned for a third-quarter sag that the company blamed on mild weather.
NEWS
January 3, 2013
Pennsylvania American Water announced Wednesday that it purchased two small "tuck-in" water systems in northeastern Pennsylvania in the final days of 2012 for $1.2 million. The company, a subsidiary of American Water Works Co. Inc. of Voorhees, acquired the water system serving the Fernwood Resort in Monroe County, which consists of about 570 time-share units and six commercial customers, including a hotel complex, a convenience store, and restaurants built around Fernwood's golf course.
BUSINESS
September 28, 2009 | By Andrew Maykuth INQUIRER STAFF WRITER
American Water Works Co. Inc. is like a ship emerging from an eight-year storm. Smoother sailing is forecast. But the company is still emptying its bilge after taking on some water in the tempest. The Voorhees company, the nation's largest investor-owned water utility, has weathered quite a corporate adventure since German utility giant RWE AG initiated a $7.6 billion buyout in 2001. RWE paid a 36.5 percent premium to acquire American and merge it with its British water utility, investing two years getting regulatory approval for the deal.
BUSINESS
April 29, 1995 | By Andrew Maykuth, INQUIRER STAFF WRITER
Water certainly looks like a liquid asset these days. American Water Works Co. Inc. yesterday reported a surge in first-quarter profits that it attributed to reductions in expenses and strong sales because of the mild winter. Earnings per share increased 27 percent to 38 cents. Three analysts survey by Zacks Investment Research had forecast earnings for the company in a range of 30 cents to 35 cents per share. The Voorhees utility, which announced on Wednesday that it was buying the water operations of Wilkes Barre-based Pennsylvania Gas & Water Co., also said its sales should increase this year if regulators approve the dozen rate increases it has pending across the country.
BUSINESS
April 27, 1995 | By Andrew Maykuth, INQUIRER STAFF WRITER
American Water Works Co. Inc., of Voorhees, yesterday said it was buying the troubled water operations of Pennsylvania Gas & Water Co. for $409 million in what it called the most expensive water-utility acquisition ever. PG&W serves about 133,000 water customers in 62 communities in northeastern Pennsylvania, including Scranton and Wilkes-Barre. It was forced to invest heavily in filtration systems in the 1980s after its reservoirs became contaminated and customers got sick. "A lot of people in Scranton to this date won't drink the water," said Pennsylvania Consumer Advocate Irwin A. Popowski.
BUSINESS
October 26, 1999 | By Wendy Tanaka, INQUIRER STAFF WRITER
While high interest rates this year have boosted yields from conservative CDs and bonds, they have caused many usually reliable utility stocks to lose as much as 25 percent of their value. "Stocks have to compete with other stocks for investor dollars," said Tom Hamlin, an analyst at First Union Securities. "Utilities don't offer as much upside as others. " Despite weaker performances, experts say, some utility stocks are worth buying now if you can wait for them to rebound.
BUSINESS
November 5, 2005 | FROM INQUIRER WIRE SERVICES
German utility RWE AG said yesterday that it will sell its U.S. operation, American Water Works Co., of Voorhees, N.J., and its British business. The sale of American Water and Thames Water, of London, marks RWE's abandonment of a five-year, $17 billion expansion. The company, based in Essen, said it hopes to complete the sale of American Water and Thames Water by 2007. RWE bought American Water, the largest nonmunicipal U.S. water company, in 2003 for $7.5 billion. It serves 18 million customers in 29 states, Puerto Rico and Canada.
BUSINESS
September 19, 1991 | By Julia C. Martinez, Inquirer Staff Writer
When thirsty Pennsylvanians opened their taps during the steamy summer of '91, American Water Works opened its pipelines. When Illinois farmers pumped up their irrigation systems, American Water Works moistened their dry crops. And when Arizona parks filled up their public swimming holes, American Water Works soaked the fun spots. All through the summer, revenues at American Water Works Co. Inc. gushed. The Voorhees, N.J., holding company is in the business of water - pumping it out of rivers and underground reservoirs, making it potable and delivering it to homes, offices, factories and firehouses.
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NEWS
January 3, 2013
Pennsylvania American Water announced Wednesday that it purchased two small "tuck-in" water systems in northeastern Pennsylvania in the final days of 2012 for $1.2 million. The company, a subsidiary of American Water Works Co. Inc. of Voorhees, acquired the water system serving the Fernwood Resort in Monroe County, which consists of about 570 time-share units and six commercial customers, including a hotel complex, a convenience store, and restaurants built around Fernwood's golf course.
BUSINESS
December 24, 2012 | Mike Armstrong, INQUIRER STAFF WRITER
Triumph Group Inc. of Berwyn has a market value of $3.2 billion and it generated $3.4 billion in revenue in its most recent fiscal year. Its global workforce numbers about 12,000, and it more than doubled in size in the last two years. Why doesn't this aerospace company appear on the Philly 50 list? I've heard that question - or similar ones involving locally based companies such as Airgas, American Water Works, and others - in the five weeks since the debut of the list of 50 public companies with large workforces in the Philadelphia area.
NEWS
September 26, 2012
Aqua America Inc., the Bryn Mawr water utility that has been consolidating its operations to states where it has a critical mass, has offered to sell all of its Florida operations to the Florida Governmental Utility Authority for $95 million. The authority, which has 90,000 customers in several locations, has until November 30 to accept or decline the offer for Aqua's 82 water and wastewater systems, which have 38,000 customers. The proposal requires the buyer to retain all nonexecutive employees as a condition of sale.
BUSINESS
February 28, 2012
In the Region Housing contracts on the rise Sales contracts for existing homes rose 2 percent nationally in January from December and were 8 percent above the first month of 2011, the National Association of Realtors said Monday. In the eight-county Philadelphia region, these "pending" sales, which typically go to settlement within 45 and 60 days of contract-signing, rose 20 percent from December and were 14 percent above January 2011, Prudential Fox & Roach HomExpert reported.
NEWS
September 19, 2011
American Water Works Co. Inc., Voorhees, on Monday raised its 2011 earnings guidance to a range of $1.75 to $1.82 per share from the previous range of $1.65 to $1.75 per share. The nationwide utility company said the change is due mainly to an increase in sales during the very hot and dry July in the company's East Coast systems, favorable weather in the Midwest, cost efficiencies, and the continued expectations of a low interest rate environment.    -Andrew Maykuth  
NEWS
June 17, 2011
American Water Works Co. Inc. of Voorhees on Friday increased its quarterly cash dividend payment by 5 percent, from $0.22 to $0.23 a share. The regular quarterly dividend is payable on Sept. 1 to shareholders of record as of Aug. 12. American Water's shares rose 28 cents, or 1 percent, to $29.06 in midday trading on the New York Stock Exchange.    - Andrew Maykuth
NEWS
June 16, 2011
Aqua America Inc., Bryn Mawr, on Thursday completed the $6 million acquisition of 51 water and five wastewater systems in Texas from American Water Works Co. Inc. of Voorhees. The systems serve 4,200 water and 1,100 wastewater customers in the greater Houston area. Aqua America last year purchased 10 systems and increased its customer base by about 6 percent in Texas.    - Andrew Maykuth
NEWS
May 19, 2011 | By Sally A. Downey, Inquirer Staff Writer
Michael E. Horan, 42, of West Chester, a director of campus operations for Campbell Soup in Camden who once rescued a neighbor from a burning building, died of multiple myeloma, Sunday, May 15, at the Hospital of the University of Pennsylvania. Mr. Horan graduated from Springfield High School in Delaware County. He earned a bachelor's degree in civil engineering from Pennsylvania State University and was a member of Tau Kappa Epsilon fraternity. He began his career as a construction engineer with Fluor Daniel, then was a construction manager for American Water Works, and was senior project manager for AMEC Earth & Environmental.
BUSINESS
January 25, 2011 | By Andrew Maykuth, Inquirer Staff Writer
American Water Works Co. Inc. of Voorhees on Monday said it was selling its operations in Arizona and New Mexico for $470 million, part of a strategic review of the company's utility assets under its new chief executive. American Water, the nation's largest investor-owned utility, is selling the water and wastewater operations to EPCOR Utilities Inc., a Phoenix company focused on utilities in the Southwest. Jeff Sterba, named in August as American Water's chief executive, said the revenue generated by the sale would go toward debt reduction.
BUSINESS
November 29, 2010
A. John Shoraka has been named the Small Business Administration's regional administrator for Region III, which has headquarters in King of Prussia and covers Pennsylvania, Delaware, Maryland, West Virginia, Virginia, and the District of Columbia. Shoraka had been vice president at the Aries Group, a consulting firm in Silver Spring, Md. Opportunity Finance Network, Philadelphia, said Cathy Dolan had joined as the new chief operating officer. Dolan had been senior vice president and director of community lending and investment for the eastern United States for Wells Fargo & Co. OFN is a network of private financial organizations assisting low-income people.
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