Ringing In Success
On May 20, 2019, Chesapeake Utilities Corporation made company history at the New York Stock Exchange (NYSE) Opening Bell Ringing. Jeff Householder, President and CEO, joined several employees and members of the Company’s leadership team in New York City for the ceremonial ringing which signifies the start of the day’s trading session.
A true cornerstone for our Company, ringing of the Opening Bell on the NYSE celebrated the contributions of our employees, 12 consecutive years of superior earnings growth and total shareholder return, and more than 25 years of being listed on the NYSE.
“I am honored to have the opportunity to take part in this historic tradition and stand with a group of our many key employees who have driven our growth over the last 10 years, which provides a strong foundation for our future growth,” said Jeff Householder, President and CEO.
Since being listed on the NYSE in early 1993, the Company’s market capitalization has grown from $45 million to approximately $1.5 billion in 2018. In 2016, Chesapeake had the honor of ringing the Closing Bell at the NYSE. At that time, the Company’s market capitalization was $912 million. Within that three-year timeframe, our Company’s market capitalization had grown approximately 65%.
“Chesapeake’s combination of strategic focus, financial discipline and engaged employees has led to our Company’s long track record of financial and operational success. 2018 represented the 25th anniversary of our listing on the NYSE and the bell ringing event represents an excellent time to recognize all of our employees’ many efforts in driving our past success and positioning us for the future.”
– Jeff Householder President and CEO
Over the last 10 years, Chesapeake has invested over $1.38 billion in capital expenditures. These capital expenditures have generated an earnings per share compound annual growth rate of approximately 10 percent, resulting in the Company doubling its size twice over this period.