NEW JERSEY RESOURCES CORP
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
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Home Services and Other Business Operations
Home Services and Other
The financial results of HSO consist primarily of the operating results of NJRHS. NJRHS provides service, sales and installation of appliances to service contract customers and has been focused on growing its installation business and expanding its service contract customer base. HSO also includes organizational expenses incurred at NJR and home warranty contract income at NJR Retail.
The condensed financial results of HSO are summarized as follows:
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| (Thousands) | 2024 | 2023 | 2024 | 2023 |
| Operating revenues | $16,356 | $14,955 | $46,095 | $42,669 |
| Income before income taxes | $1,521 | $952 | $1,773 | $2,441 |
| Income tax provision | 640 | 429 | 1,108 | 1,134 |
| Net income | $881 | $523 | $665 | $1,307 |
Net income remained relatively consistent during the three and nine months ended June 30, 2024, compared with the three and nine months ended June 30, 2023.
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