Summary
American Water Works Company, Inc. (AWK) filed an 8-K on February 24, 2021, to announce its fourth quarter and full-year 2020 financial results. The filing also provided forward-looking guidance for the 2021 fiscal year and long-term financial projections, which were further detailed in their Investor Day presentation. Investors should note that this 8-K primarily serves to furnish press releases and presentations containing financial information and guidance. While the results for 2020 are reported, the key focus for investors is the outlook provided for 2021 and beyond. The company is also hosting a virtual Investor Day event to elaborate on these forward-looking statements.
Key Highlights
- 1AWK announced its fourth quarter and full-year 2020 financial results via press release on February 24, 2021.
- 2The company provided earnings per share (EPS) guidance for the 2021 fiscal year.
- 3AWK also offered certain other 2021 and long-term financial guidance.
- 4A virtual 2021 Investor Day presentation, included as an exhibit, provides further details on the company's financial outlook.
- 5The press release and Investor Day presentation materials are furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, which is standard for such disclosures.
- 6The event date for the results announcement was February 23, 2021, with the filing date of February 24, 2021.
Frequently Asked Questions
This 8-K primarily announces American Water Works Company's financial results for the fourth quarter and full year ended December 31, 2020. The specific details of these results are contained within the furnished press release (Exhibit 99.1).
The filing provides the company's earnings per share (EPS) guidance for the 2021 fiscal year, along with other 2021 and long-term financial guidance. More comprehensive details are expected to be found in the Investor Day presentation (Exhibit 99.2).
American Water Works Company hosted a virtual 2021 Investor Day on February 25, 2021, where they elaborated on their 2021 and long-term financial guidance. The presentation materials for this event are included as Exhibit 99.2 in this 8-K filing.
No, the information furnished in Item 2.02 (financial results) and Item 7.01 (guidance) of this Current Report, including the press release and Investor Day presentation, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. It will not be automatically incorporated by reference into future filings unless expressly stated.