American Water Reiterates Growth Strategy
American Water Works Corporation reported relatively stable first quarter earnings on 7 May 2014, with revenue climbing 7.2% to US$681.9 million. It reaffirmed its status as the largest investor-owned water utility in the US, present in 35 states, with the acquisition of three water systems in Indiana and Missouri– along with a pipeline of five other deals in California, Illinois and New York.
- Steady flow of tuck-in acquisitions sustains leading position
- Investments needed in US wastewater capacity offer new growth
- Water IOUs target military installations as strategic growth opportunity