American Water Works Company, Inc. (AWK) Q1 2023 Earnings Call Transcript

American Water Works Company, Inc. (NYSE:AWK) Q1 2023 Earnings Call Transcript April 27, 2023 9:00 AM ET

Company Participants

Aaron Musgrave - Vice President, Investor Relations

Susan Hardwick - President and Chief Executive Officer

John Griffith - Executive Vice President and Chief Financial Officer

Cheryl Norton - Executive Vice President and Chief Operating Officer

Conference Call Participants

Richard Sunderland - JPMorgan

Angie Storozynski - Seaport Global Securities

Paul Zimbardo - Bank of America

Gregg Orrill - UBS

Jonathan Reader - Wells Fargo

Operator

Good morning, and welcome to American Water's First Quarter 2023 Earnings Conference Call. As a reminder, this call is being recorded and is also being webcast with an accompanying slide presentation through the Company's Investor Relations website. The audio webcast archive will be available for one year on American Water's Investor Relations website.

I would now like to introduce your host for today's call, Aaron Musgrave, Vice President of Investor Relations. Mr. Musgrave, you may begin.

Aaron Musgrave

Thank you, Betsy. Good morning, everyone, and thank you for joining us for today's call. At the end of our prepared remarks, we will open the call for your questions.

Let me first go over some safe harbor language. Today, we will be making forward-looking statements that represent our expectations regarding our future performance or other future events. These statements are predictions based on our current expectations, estimates and assumptions.

However, since these statements deal with future events, they are subject to numerous known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results indicated or implied by such statements.

Additional information regarding these risks, uncertainties and factors as well as a more detailed analysis of our financials and other important information is provided in the first quarter earnings release and in March 31st Form 10-Q, each filed yesterday with the SEC.

And finally, all statements during this presentation related to earnings and earnings per share refer to diluted earnings and earnings per share. Susan Hardwick, our President and CEO, will share highlights of results, 2023 EPS guidance and longer-term target and proposed PFAS rule recently announced by the USCPA.

John Griffith, our Executive Vice President and CFO, will cover our first quarter financial results in more detail, discuss our successful equity issuance and we'll close with an update on sizeable acquisitions announced so far this year.