Consolidated Water (CWCO) closed the most recent trading day at $23.89, moving -0.87% from the previous trading session. This change lagged the S&P 500's daily gain of 2.03%. Meanwhile, the Dow experienced a rise of 1.23%, and the technology-dominated Nasdaq saw an increase of 2.74%.The developer and operator of desalination plants's shares have seen a decrease of 0.74% over the last month, not keeping up with the Utilities sector's gain of 1.72% and outstripping the S&P 500's loss of 5.07%.The investment c ...

Consolidated Water (CWCO) closed the latest trading day at $24.10, indicating a -0.99% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.67% for the day. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 2.5%.The developer and operator of desalination plants's stock has climbed by 0.37% in the past month, falling short of the Utilities sector's gain of 1.72% and outpacing the S&P 500's loss of 6.57%.The investment community will b ...

Consolidated Water (CWCO) ended the recent trading session at $24.39, demonstrating a +0.04% swing from the preceding day's closing price. This change outpaced the S&P 500's 4.84% loss on the day. Elsewhere, the Dow lost 3.98%, while the tech-heavy Nasdaq lost 5.97%.Prior to today's trading, shares of the developer and operator of desalination plants had lost 10.57% over the past month. This has lagged the Utilities sector's gain of 2.06% and the S&P 500's loss of 4.7% in that time.Market participants will ...

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In the latest trading session, Consolidated Water (CWCO) closed at $24.14, marking a -0.58% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.Shares of the developer and operator of desalination plants witnessed a loss of 11.84% over the previous month, trailing the performance of the Utilities sector with its loss of 0.87% and the S&P 500's loss of 4.03%.Analysts and i ...

Group 1 - Consolidated Water (CWCO) is noted for having negative net debt, which is considered unusual for water utility companies [1] - The company has attracted attention due to its unique financial position compared to other companies in the water utility sector [1] Group 2 - The article does not provide specific financial metrics or performance data for Consolidated Water [2][3]

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Q4 2024 Earnings Conference Call March 18, 2025 11:00 AM ET Company Participants Rick McTaggart - CEO David Sasnett - CFO Operator Good morning. Thank you for joining us today to discuss the results for Consolidated Water's 2024 Full Year Operating and Financial Results. Hosting the call today is the Chief Executive Officer of Consolidated Water Company, Rick McTaggart; and the company's Chief Financial Officer, David Sasnett. Following their remarks, we will open t ...

Financial Performance - Consolidated Water Co. Ltd. (CWCO) reported full-year 2024 earnings per share (EPS) of $1.12, missing the Zacks Consensus Estimate of $1.29 by 13.2% and down 42% from $1.93 in the previous year [1] - Total revenues for 2024 were $134 million, a decrease of 25.6% from $180.2 million in 2023, and also missed the Zacks Consensus Estimate of $138.92 million by 3.5% [2] Segmental Performance - Retail revenues increased to $31.7 million, up 4.9% from $30.2 million in the previous year, driven by a 4.5% increase in the volume of water sold [3] - Bulk revenues decreased to $33.7 million, down 2.6% from $34.6 million, although this decline was partially offset by new revenues from the Red Gate desalination plant and an amendment to the North Sound contract [4] - Manufacturing revenues totaled $17.6 million, a slight increase of 0.6% from $17.5 million, while services revenues fell significantly to $50.9 million from $98 million, primarily due to a drop in plant construction revenue [5] Expense and Income Analysis - General and administrative expenses rose nearly 11.3% to $27.5 million, while net income from continuing operations was $18.5 million, down from $31.2 million in the previous year [6] Cash and Debt Position - As of December 31, 2024, cash and cash equivalents were $104.9 million, up from $99.4 million at the end of 2023, with working capital at $132.8 million [7] - Total long-term debt decreased to $0.07 million from $0.19 million at the end of 2023, indicating improved financial stability [7] Market Position - Consolidated Water currently holds a Zacks Rank 3 (Hold), reflecting a neutral outlook in the market [8]

Revenue Performance - Total revenue for 2024 declined 26% to $134 million, down from $180.2 million in 2023, primarily due to a $47 million decrease in the services segment[5]. - Total revenue for the year ended December 31, 2024, was $133,966,633, a decrease of 25.6% compared to $180,211,233 in 2023[24]. - Total revenue for 2024 was $133,966,633, a decrease of 25.7% compared to $180,211,233 in 2023[41]. - Retail revenue increased to $31,741,343 in 2024 from $30,158,051 in 2023, representing a growth of 5.2%[27]. - Services revenue significantly decreased to $50,956,489 in 2024 from $97,966,650 in 2023, a decline of 48%[27]. - Revenue from the Cayman Islands was $37,137,424 in 2024, down from $41,728,340 in 2023, a decrease of 11.5%[26]. Profitability - Net income from continuing operations attributable to stockholders was $17.9 million or $1.12 per diluted share, compared to $30.7 million or $1.93 per diluted share in 2023[21]. - Gross profit for 2024 was $45,624,448, down from $61,927,105 in 2023, reflecting a gross margin of approximately 34%[24]. - Net income attributable to Consolidated Water Co. Ltd. stockholders for 2024 was $28,237,554, compared to $30,672,135 in 2023, indicating a decline of 7.5%[24][25]. - Basic earnings per share for 2024 was $1.78, compared to $1.88 in 2023, indicating a decrease of 5.3%[41]. Operational Highlights - Operations and maintenance (O&M) recurring revenue increased 51% to $29.3 million, with $6.1 million contributed by the newly acquired REC subsidiary[5]. - The company reported a significant increase in operations and maintenance revenue to $29,307,405 in 2024 from $19,368,365 in 2023, a growth of 51%[27]. - Manufacturing revenue increased by 1% to $17.6 million, reflecting stable performance in the segment[5]. Cash and Assets - Cash and cash equivalents totaled $99.4 million, with working capital of $132.8 million as of December 31, 2024[22]. - Total assets increased to $243,313,181 in 2024 from $218,437,592 in 2023, representing an increase of 11.3%[39]. - Total current assets rose to $157,788,165 in 2024, up from $112,714,375 in 2023, a significant increase of 39.9%[39]. - Cash and cash equivalents significantly increased to $99,350,121 in 2024 from $42,621,898 in 2023, a growth of 133.2%[39]. Dividends and Shareholder Returns - The company increased its quarterly dividend by 15.8% to $0.11 per share starting in Q4 2024[6]. - The company declared dividends of $0.41 per share in 2024, up from $0.36 in 2023[41]. Future Outlook - The company expects construction revenue to remain below 2023 levels until the commencement of the desalination project in Hawaii, anticipated to significantly boost revenue and earnings in 2026 and 2027[17]. - The construction phase of the $204 million desalination plant project in Hawaii is expected to begin early next year, generating significant future revenue[11]. - The company recently entered the U.S. desalination market with a contract for a seawater desalination plant in Hawaii, indicating strategic market expansion[32]. - The Annual General Meeting of Shareholders is scheduled for May 27, 2025, to discuss future strategies and performance[28]. - The company will host a conference call on March 18, 2025, to discuss these results and future outlook[29]. Expansion Plans - The company is expanding its West Bay plant to meet growing water needs and plans to add manufacturing space for Aerex[16].

Core Viewpoint - Consolidated Water Co. Ltd. reported a significant decline in total revenue for 2024, primarily due to the completion of major construction projects, while maintaining a focus on growth in retail and recurring revenue segments [1][15]. Financial Highlights - Total revenue for 2024 was $134 million, a decrease of 26% from $180.2 million in 2023 [15][24]. - Net income from continuing operations attributable to stockholders was $17.9 million, or $1.12 per diluted share, down from $30.7 million, or $1.93 per diluted share in 2023 [19][36]. - Cash and cash equivalents stood at $99.4 million, with working capital of $132.8 million as of December 31, 2024 [20]. Operational Highlights - Retail revenue increased by 5% to $31.7 million, driven by a record volume of water sold, totaling 1.01 billion gallons, reflecting a 4.5% increase in sales volume [16][24]. - Bulk revenue decreased by 3% to $33.7 million, while manufacturing revenue increased by 1% to $17.6 million [15][24]. - Services revenue saw a significant decline of 48% to $51 million, primarily due to a $60 million drop in construction revenue [15][24]. Dividend Increase - In August 2024, the company raised its quarterly dividend by 15.8% to $0.11 per share, effective from the fourth quarter of 2024 [4]. Management Commentary - The CEO noted that revenue and operating income from continuing operations met expectations, particularly following the completion of two major design-build projects early in the year [5]. - The company experienced improved profitability in retail and manufacturing segments, attributed to population growth and increased business activity in Grand Cayman [6]. Future Outlook - The company anticipates that construction revenue will remain below 2023 levels until the commencement of the desalination project in Hawaii, expected to significantly contribute to revenue and earnings growth in 2026 and 2027 [15][10]. - Consolidated Water is optimistic about future growth driven by increasing water sales in Grand Cayman and stable recurring revenue from its Caribbean-based bulk water business [13][14].