Southwest Gas Holdings, Inc. (SWX) recently announced increased profits for its first quarter, compared to the same period last year. The firm's net income reached a total of $87.737 million, equating to $1.22 per share. This is in contrast to the $45.911 million, or $0.67 per share, reported in the first quarter of the previous year.
When excluding other variables, the adjusted profits for Southwest Gas Holdings, Inc. were reported as $98.461 million or $1.37 per share for this same period. Despite this increase in profit, the company's quarterly revenue saw a minor decline of 1.4%, falling from $1.603 billion last year to $1.580 billion.
To summarize the firm's earnings based on the Generally Accepted Accounting Principles (GAAP):
- First Quarter Earnings: $87.737 million, compared to $45.911 million last year.
- Earnings per Share (EPS) for the first quarter: $1.22, versus $0.67 from last year.
- Revenue for the first quarter: $1.580 billion, compared to $1.603 billion from the previous year.