| Business Summary | | Artesian
Resources
Corporation
operates
as
the
parent
holding
company
of
Artesian
Water
Company,
Inc.,
its
principal
subsidiary
and
a
regulated
public
water
utility,
along
with
several
non-regulated
subsidiaries.
The
Company
distributes
and
sells
water
to
residential,
commercial,
industrial,
governmental,
municipal
and
utility
customers
throughout
the
State
of
Delaware.
As
of
December
31,
2000,
the
Company
had
approximately
65,000
metered
customers
and
served
a
population
of
approximately
214,000,
representing
approximately
28%
of
Delaware's
total
population.
Artesian
also
provides
water
for
public
and
private
fire
protection
to
customers
in
its
service
territories.
Its
gross
water
sales
revenue
for
2000
was
approximately
$27.1
million,
and
its
percentages
of
gross
water
sales
revenue
by
major
customer
classifications
were
60.6%
for
residential,
29.7%
for
commercial,
industrial,
governmental,
municipal
and
utility
and
9.7%
for
fire
protection
and
other. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Artesian
Resources
Corp.,
through
Artesian
Water
Company
Inc.,
provides
water
and
related
services
within
its
established
service
territory
in
portions
of
DE.
As
of
12/00,
the
Company
has
approximately
65,000
metered
customers.
For
the
six
months
ended
6/01,
revenues
rose
10%
to
$14.9
million.
Net
income
applicable
to
Common
fell
7%
to
$1.1
million.
Results
reflect
increased
water
rates
charged,
offset
by
higher
interest
costs
from
the
issuance
of
bonds. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Dian Taylor, 54 Chairman,
Pres, CEO | $477K | $28K | Joseph DiNunzio, 37 Sr.
VP, Sec. | 223K | -- | David Spacht, 40 VP,
CFO and Treasurer of Subsidiaries | 200K | -- | Bruce Kraeuter, 50 VP
of Engineering and Water Supply Operations | -- | -- | John Thaeder, 41 VP
of Planning and Distribution of Artesian Water Company, Inc | -- | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|