The Southern Company reports growth with 2022 financial earnings
On February 16, 2023, The Southern Company released its results from the fiscal year 2022. While the company cited that the inflation rose and interest costs elevated in the period, the company reported growth in its revenue, earning $3.5 billion in the full-year, a growth from last year where it earned $2.4 billion. As the company cited inflated fuel costs in the time along with growing usage of the company's services had helped the company in the year grow its margins especially during the winter seasons.
Balance SheetIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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