Philadelphia Suburban Corp. expects to announce significantly higher earnings

Philadelphia Suburban Corp., is expected to report earnings for the quarter ended March 31, 2003 on Wednesday, May 7.


BRYN MAWR, Pa., April 29, 2003 -- Philadelphia Suburban Corp., is expected to report earnings for the quarter ended March 31, 2003 on Wednesday, May 7.

Due to strong revenue growth, the company expects first quarter diluted net income per share to be significantly higher than 2002 levels of $0.17 per share and also expects to meet the Thomson First Call consensus estimate.

The company's quarterly conference call with analysts will be held on May 7 at 11:00 a.m. Eastern Daylight Time. Interested parties may listen to the conference call over the Internet by logging onto www.suburbanwater.com. The call will be recorded and replayed beginning 12:00 p.m., Wednesday, May 7, 2003, and will run until 12:00 p.m., Friday, May 9, 2003.

The dial-in telephone number for the audio replay is (973) 341-3080 (pin number 3883019).

PSC is the largest U.S.-based investor-owned water utility serving two million residents in Pennsylvania, Ohio, Illinois, New Jersey, Maine, and North Carolina.

PSC is a publicly traded company listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol "PSC" and has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.


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