American Water (NYSE: AWK), the largest publicly-traded U.S.
water and wastewater utility company announced today that it will
host its 2018 earnings guidance conference call and audio webcast
with investors, analysts and other interested parties on Monday,
Dec. 11, 2017, at 9 a.m. EST.
The conference call will be hosted by Susan Story, president and
chief executive officer, Linda Sullivan, executive vice president
and chief financial officer, and Walter Lynch, chief operating
officer.
Interested parties may access a link to the webcast on the
Investor Relations homepage at ir.amwater.com. Presentation slides
and other materials used or referred to in conjunction with the
earnings guidance conference call will be available online and will
be furnished to the Securities and Exchange Commission as part of a
Current Report on Form 8-K. The company recognizes its website as a
key channel of distribution to reach public investors and as a
means of disclosing material non-public information to comply with
its obligations under SEC Regulation FD.
Following the conference call, an audio archive of the call will
be available through Dec. 18, 2017 by dialing 1-877-344-7529 for
U.S. and 1-412-317-0088 for international callers. The access code
for replay is 10114605. The online archive of the webcast will be
available through Jan. 11, 2018, by accessing the Investor
Relations page of the company’s website located at
www.amwater.com.
About American Water
With a history dating back to 1886, American Water is the
largest and most geographically diverse U.S. publicly-traded water
and wastewater utility company. The company employs more than 6,800
dedicated professionals who provide regulated and market-based
drinking water, wastewater and other related services to an
estimated 15 million people in 47 states and Ontario, Canada. More
information can be found by visiting www.amwater.com.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements in this press release are forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and the Federal
securities laws. In some cases, these forward-looking statements
can be identified by words with prospective meanings such as
“intend,” “plan,” “estimate,” “believe,” “anticipate,” “expect,”
“predict,” “project,” “propose,” “assume,” “forecast,” “outlook,”
“future,” “pending,” “goal,” “objective,” “potential,” “continue,”
“seek to,” “may,” “can,” “will,” “should” and “could” and or the
negative of such terms or other variations or similar expressions.
These forward-looking statements are predictions based on American
Water’s current expectations and assumptions regarding future
events. They are not guarantees or assurances of any outcomes,
financial results of levels of activity, performance or
achievements, and readers are cautioned not to place undue reliance
upon them. The forward-looking statements are subject to a number
of estimates and assumptions, and known and unknown risks,
uncertainties and other factors. Actual results may differ
materially from those discussed in the forward-looking statements
included in this press release as a result of the factors discussed
in the Company’s Annual Report on Form 10-K for the year ended Dec.
31, 2016, and subsequent filings with the SEC, and because of
factors such as: the decisions of governmental and regulatory
bodies, including decisions to raise or lower rates; the timeliness
and outcome of regulatory commissions’ actions concerning rates,
capital structure, authorized return on equity, capital investment,
permitting, and other decisions; changes in laws, governmental
regulations and policies, including environmental, health and
safety, water quality, and public utility and tax regulations and
policies, and impacts resulting from U.S., state and local
elections; potential costs and liabilities of American Water for
environmental laws and similar matters resulting from, among other
things, water and wastewater service provided to customers,
including, for example, water management solutions focused on
customers in the natural gas exploration and production market; the
outcome of litigation and similar government actions, including
matters related to the Freedom Industries chemical spill in West
Virginia, and the preliminarily approved global class action
settlement related to this chemical spill; weather conditions, and
events, climate change patterns, and natural disasters, including
drought or abnormally high rainfall, strong winds, coastal and
intercoastal flooding, earthquakes, landslides, hurricanes,
tornadoes, wildfires, electrical storms and solar flares; changes
in customer demand for, and patterns of use of, water, such as may
result from conservation efforts; its ability to appropriately
maintain current infrastructure, including its operational and
information technology (“IT”) systems, and manage the expansion of
its business; its ability to obtain permits and other approvals for
projects; changes in its capital requirements; its ability to
control operating expenses and to achieve efficiencies in its
operations; the intentional or unintentional acts of a third party,
including contamination of its water supplies or water provided to
its customers; exposure or infiltration of its critical
infrastructure, operational technology and IT systems, including
the disclosure of sensitive or confidential information contained
therein, through physical or cyber-attacks or other disruptions;
its ability to obtain adequate and cost-effective supplies of
chemicals, electricity, fuel, water and other raw materials that
are needed for its operations; its ability to successfully meet
growth projections and capitalize on growth opportunities,
including its ability to, among other things, acquire and integrate
water and wastewater systems into its regulated operations and
enter into contracts and other agreements with, or otherwise
obtain, new customers in its Market-based Businesses; cost overruns
relating to improvements in or the expansion of its operations; its
ability to maintain safe work sites; risks and uncertainties
associated with contracting with the U.S. government, including
ongoing compliance with applicable government procurement and
security regulations; changes in general economic, political,
business and financial market conditions; access to sufficient
capital on satisfactory terms and when and as needed to support
operations and capital expenditures; fluctuations in interest
rates; restrictive covenants in or changes to the credit ratings on
its current or future debt that could increase its financing costs
or funding requirements or affect its ability to borrow, make
payments on debt or pay dividends; fluctuations in the value of
benefit plan assets and liabilities that could increase its
financing costs and funding requirements; changes in Federal or
state income, general and other tax laws, including tax reform, the
availability of tax credits and tax abatement programs, and the
ability to utilize its U.S. and state net operating loss
carryforwards; migration of customers into or out of its service
territories; the use by municipalities of the power of eminent
domain or other authority to condemn its systems; difficulty in
obtaining, or the inability to obtain, insurance at acceptable
rates and on acceptable terms and conditions; its ability to retain
and attract qualified employees; labor actions including work
stoppages and strikes; the incurrence of impairment charges related
to American Water’s goodwill or other assets; civil disturbances,
terrorist threats or acts, or public apprehension about future
disturbances or terrorist threats or acts; and the impact of new
accounting standards or changes to existing standards.
These forward-looking statements are qualified by, and should be
read together with, the risks and uncertainties set forth above and
the risk factors included in the company’s annual and quarterly SEC
filings, and readers should refer to such risks, uncertainties and
risk factors in evaluating such forward-looking statements. Any
forward-looking statements speak only as of the date of this press
release. The company does not have or undertake any obligation or
intention to update or revise any forward-looking statement,
whether as a result of new information, future events, changed
circumstances or otherwise, except as otherwise required by the
Federal securities laws. Furthermore, it may not be possible to
assess the impact of any such factor on the company’s businesses,
either viewed independently or together, or the extent to which any
factor, or combination of factors, may cause results to differ
materially from those contained in any forward-looking statement.
The foregoing factors should not be construed as exhaustive.
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American WaterEdward VallejoVice President, Investor
Relations856-566-4005edward.vallejo@amwater.comorMaureen DuffyVice
President, Communications and Federal
Affairs856-309-4546maureen.duffy@amwater.com
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