Consolidated Water Co. Ltd. (NASDAQ:CWCO) Q1 2024 Earnings Conference Call May 16, 2024 11:00 AM ET Company Participants Frederick McTaggart - CEO David Sasnett - CFO Conference Call Participants David Thomas - BoA Matthew Schwarz - Maze Investments Brandon Rogers - ROTH Capital John Bair - Ascend Wealth Advisors Operator Good morning, thank you for joining us today to discuss Consolidated Water Company's First Quarter 2024 Results. Hosting the call today is Chief Executive Officer of Consolidated Water Com ...

● Total revenue up 21% to $39.7 million. ● Retail revenue up 11% to $8.6 million. ● Services revenue increased 37% to $17.4 million, with recurring services revenue generated from operations and maintenance contracts up 93% to $7.1 million. ● Manufacturing revenue increased 57% to $5.3 million. ● Net income from continuing operations attributable to company stockholders was $6.9 million or $0.43 per diluted share, as compared to $4.1 million or $0.26 per diluted share in the first quarter of 2023. ● Cash an ...

Core Points - Consolidated Water Co. Ltd. (CWCO) reported first-quarter 2024 earnings per share (EPS) of 43 cents, exceeding the Zacks Consensus Estimate of 39 cents by 10.3% and showing a 65.4% increase from last year's 26 cents per share [1] - The company's total revenues for the quarter reached $39.7 million, surpassing the Zacks Consensus Estimate of $38.7 million by 2.7% and improving 20.7% from $32.9 million in the same quarter last year [2] Revenue Segmentation - Retail revenues amounted to $8.6 million, an 11% increase from $7.8 million in the year-ago quarter, driven by a 6% rise in the volume of water sold [3] - Bulk revenues were $8.3 million, down 8.4% from $9 million last year, primarily due to a 2% decrease in the volume of water sold by CW-Bahamas and lower energy costs affecting bulk water rates [3] - Manufacturing revenues totaled $5.3 million, a 57% increase from $3.4 million in the previous year, attributed to higher project activity [4] - Services revenues reached $17.4 million, up 37% from $12.7 million last year, with plant construction revenues increasing 6% to $9.2 million [4] Financial Highlights - General and administrative expenses decreased by nearly 37.7% to $6.6 million [5] - Net income from continuing operations was $7.1 million compared to $4.2 million in the year-ago quarter [5] - Cash and cash equivalents stood at $46.2 million as of March 31, 2024, up from $42.6 million as of December 31, 2023 [6] - Working capital was $95 million as of the same date [6] - Total long-term debt was $0.15 million as of March 31, 2024, down from $0.19 million at the end of 2023 [6] - Cash flow from operating activities during the first three months of 2024 totaled $5.9 million, compared to $5.3 million in the year-ago period [6]

GEORGE TOWN, Cayman Islands, May 15, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported results for the first quarter ended March 31, 2024. All comparisons are to the same prior year period unless otherwise noted. The company will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below). "Our 37% growth in services se ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q CONSOLIDATED WATER CO. LTD. Regatta Office Park Windward Three, 4th Floor, West Bay Road P.O. Box 1114 Grand Cayman KY1-1102 Cayman Islands N/A Table of Contents TABLE OF CONTENTS Note Regarding Currency and Exchange Rates The exchange rate for conversion of Bahamas dollars (B$) into US$, as determined by the Central Bank of The Bahamas, has been fixed since 1973 at US$1.00 per B$1.00. 3 PART I - FINANCIAL INFORMATION | --- | --- | --- | --- | |---- ...

Investors are always looking for stocks that are poised to beat at earnings season and Consolidated Water Co. Ltd. (CWCO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Consolidated Water is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible ...

Consolidated Water Co. Ltd. (CWCO) is scheduled to release first-quarter 2024 results on May 15 after market close.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderConsolidated Water’s diversified revenue stream is expected to have a positive impact on the overall results.During the fourth quarter of 2023, Consolidated Water’s wholly owned subsidiary, PERC Water Corporation (“PERC”), acquired a 100% ownership interest in Ramey Environmental Compl ...

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.The ability to identify stocks that are likely to ...

GEORGE TOWN, Cayman Islands, May 02, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, will hold a conference call on Thursday, May 16, 2024 at 11:00 a.m. Eastern time to discuss its results for the first quarter ended March 31, 2024. The financial results will be issued in a press release prior to the call. Consolidated Water management will host the call, followed by a question and answe ...

GEORGE TOWN, Cayman Islands, May 02, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, will hold a conference call on Thursday, May 16, 2024 at 11:00 a.m. Eastern time to discuss its results for the first quarter ended March 31, 2024. The financial results will be issued in a press release prior to the call. Consolidated Water management will host the call, followed by a question and answe ...