Revenue Performance - Total revenue declined 15% to $33.7 million, primarily due to a $7.3 million decrease in services revenue[5] - Retail revenue increased 9% to $9.4 million, driven by a 13% increase in the volume of water sold[5][14] - Total revenue for Q1 2025 was $33,715,385, a decrease of 15% from $39,689,390 in Q1 2024[23] - Revenue for Q1 2025 was $33,715,385, a decrease of 15.5% compared to $39,689,390 in Q1 2024[33] - Services revenue significantly decreased to $10,078,268, down 42% from $17,417,611 in Q1 2024[24] Income and Profitability - Net income from continuing operations attributable to company stockholders was $4.9 million or $0.31 per diluted share, down from $6.9 million or $0.43 per diluted share in Q1 2024[19] - Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders was $4,924,110 in Q1 2025, down from $6,941,414 in Q1 2024[23] - Gross profit for Q1 2025 was $12,306,287, compared to $13,878,023 in Q1 2024, reflecting a decline of 11%[23] - Gross profit for Q1 2025 was $12,306,287, down from $13,878,023 in Q1 2024, reflecting a gross margin of 36.5%[33] - Net income attributable to Consolidated Water Co. Ltd. stockholders for Q1 2025 was $4,791,029, a decline of 26.1% from $6,474,348 in Q1 2024[33] - Basic earnings per share for Q1 2025 was $0.30, compared to $0.41 in Q1 2024, representing a decrease of 26.8%[33] Cash and Assets - Cash and cash equivalents increased to $107.9 million, with working capital rising to $136.2 million as of March 31, 2025[21] - Total assets increased to $250,368,965 as of March 31, 2025, up from $243,313,181 at the end of 2024[32] - Total current assets rose to $165,061,588, an increase of 4.1% from $157,788,165 at December 31, 2024[32] - Cash and cash equivalents as of March 31, 2025, were $107,852,232, up from $99,350,121 at December 31, 2024, indicating a growth of 8.5%[32] Liabilities and Expenses - Total liabilities increased to $31,557,366, compared to $28,003,534 at the end of 2024, marking an increase of 9.1%[32] - General and administrative expenses for Q1 2025 were $7,723,959, an increase of 17.7% from $6,564,029 in Q1 2024[33] - Contract liabilities increased to $12,401,797 in Q1 2025, up from $9,126,654 in Q1 2024, reflecting a growth of 36.8%[32] Segment Performance - Manufacturing segment revenue increased by 10% to $5.8 million, with operating income rising by approximately 44% due to higher production activity[9] - Operations and maintenance (O&M) revenue increased 9% to $7.7 million, reflecting growth from both PERC and REC subsidiaries[17] - Operations and maintenance revenue increased to $7,725,298 in Q1 2025, up from $7,099,354 in Q1 2024[24] - Services revenue declined by 42% to $10.1 million, largely due to a $7.0 million drop in construction revenue[5] - Construction revenue within services dropped to $2,218,230 in Q1 2025 from $9,203,662 in Q1 2024, a decline of 76%[24] Future Outlook - The company completed pilot testing for a seawater desalination plant project in Hawaii, valued at $204 million, with construction expected to begin early next year[10][11] - The company anticipates design/build services revenue to improve in the second half of the year, with three smaller projects valued at approximately $20 million set to begin construction[12] - The company is entering the U.S. desalination market with a new contract in Hawaii[27] Corporate Events - The Annual General Meeting of Shareholders is scheduled for May 27, 2025[25]

Core Insights - Consolidated Water Co. Ltd. has achieved a significant milestone with its subsidiary, Kalaeloa Desalco LLC, for a $204 million seawater desalination project in Hawaii, which will produce 1.7 million gallons of water per day [1][3] - The Honolulu Board of Water Supply has approved the pilot test results, confirming that the desalinated water meets existing supply standards and will not harm current infrastructure [2] - The project includes a two-year development phase followed by two years of construction, with a 20-year operations and maintenance agreement in place post-completion [3] Company Overview - Consolidated Water Co. Ltd. specializes in designing, constructing, and operating advanced water supply and treatment facilities, including seawater desalination plants in various regions [4] - The company has recently entered the U.S. desalination market with the Hawaii project, expanding its operational footprint [4][5] - In addition to desalination, the company provides a range of services related to water production, supply, treatment, and wastewater management [5]

Core Insights - Consolidated Water reported a revenue of $33.72 million for the quarter ended March 2025, reflecting a decrease of 15.1% year-over-year, while EPS was $0.31 compared to $0.43 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $32.37 million by 4.16%, and the EPS surpassed the consensus estimate of $0.22 by 40.91% [1] Revenue Breakdown - Manufacturing revenue was $5.81 million, exceeding the average estimate of $4.78 million by two analysts, representing a year-over-year increase of 9.6% [4] - Services revenue was reported at $10.08 million, slightly below the average estimate of $10.30 million, showing a significant decline of 42.1% year-over-year [4] - Retail revenue reached $9.41 million, surpassing the estimated $8.57 million, marking a year-over-year increase of 9.1% [4] - Bulk revenue was $8.41 million, in line with the average estimate of $8.42 million, indicating a modest year-over-year increase of 0.8% [4] Stock Performance - Over the past month, shares of Consolidated Water have returned -2.2%, contrasting with the Zacks S&P 500 composite's increase of 3.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Consolidated Water Co. Ltd. reported a 15% decline in total revenue for Q1 2025, primarily due to a significant drop in services revenue following the completion of major construction projects in the previous year. However, growth was observed in retail, bulk, and manufacturing segments, indicating a mixed performance across different business areas [5][11][17]. Financial Summary - Total revenue for Q1 2025 was $33.7 million, down from $39.7 million in Q1 2024, with services revenue decreasing by $7.3 million [5][11]. - Retail revenue increased by 9% to $9.4 million, bulk revenue rose by 1% to $8.4 million, and manufacturing revenue grew by 10% to $5.8 million [5][21]. - Net income from continuing operations was $4.9 million or $0.31 per diluted share, compared to $6.9 million or $0.43 per diluted share in the same quarter last year [17][34]. Operational Highlights - The services segment experienced a 42% decline in revenue to $10.1 million, attributed to a $7.0 million drop in construction revenue and a $980,000 decrease in design and consulting revenue [5][22]. - Operations and maintenance (O&M) revenue increased by 9% to $7.7 million, driven by growth in the PERC Water subsidiary in California and Arizona, and the REC acquisition in Colorado [4][15]. - Retail water sales in Grand Cayman increased by 13%, reflecting population growth and increased business activity [6][12]. Segment Performance - The manufacturing segment's revenue increased by 10%, with operating income rising by approximately 44% due to higher production activity and a favorable product mix [7][11]. - The bulk water segment's revenue remained stable, indicating the long-term, stable income-generating nature of this business [7][11]. - The company anticipates improved design/build services revenue in the second half of 2025, with three smaller projects valued at approximately $20 million set to begin construction [10][11]. Strategic Developments - The company completed pilot testing for a seawater desalination plant project in Hawaii, with the Honolulu Board of Water Supply approving the pilot test reports, paving the way for construction to begin early next year [8][9]. - Consolidated Water received a new concession from the Cayman Islands government, granting exclusive rights to produce and supply potable water in its service area [5][11].

Financial Performance - Revenue for Q1 2025 was $33.72 million, a decrease of 15% compared to $39.69 million in Q1 2024[13] - Gross profit for Q1 2025 was $12.31 million, down from $13.88 million in Q1 2024, reflecting a gross margin of 36.5%[13] - Net income attributable to Consolidated Water Co. Ltd. stockholders for Q1 2025 was $4.79 million, a decline of 26% from $6.47 million in Q1 2024[13] - Basic earnings per share for Q1 2025 was $0.30, compared to $0.41 in Q1 2024, representing a decrease of 27%[13] - Total revenue for Q1 2025 was $33,715,385, down 15% from $39,689,390 in Q1 2024[35] - Net income from continuing operations attributable to stockholders decreased to $4,924,110 in Q1 2025 from $6,941,414 in Q1 2024, representing a decline of approximately 29%[64] - Net income attributable to Consolidated Water Co. Ltd. stockholders for 2025 was $4,791,029 ($0.30 per share), compared to $6,474,348 ($0.40 per share) for 2024, reflecting a decrease of approximately 26%[132] - Revenue for 2025 decreased to $33,715,385 from $39,689,390 in 2024, a decline of about 15% due to a significant decrease in services segment revenue[135] Assets and Liabilities - Total assets increased to $250.37 million as of March 31, 2025, up from $243.31 million at the end of 2024[11] - Total liabilities rose to $31.56 million as of March 31, 2025, compared to $28.00 million at the end of 2024[11] - Stockholders' equity increased to $218.81 million as of March 31, 2025, from $215.31 million at the end of 2024[11] - The company's total segment assets as of March 31, 2025, amounted to $250,199,258, an increase from $243,040,696 as of December 31, 2024[62] Revenue Segmentation - Retail revenue increased to $9,411,342 in Q1 2025, up 9% from $8,624,938 in Q1 2024[35] - Services revenue significantly decreased to $10,078,268 in Q1 2025, down 42% from $17,417,611 in Q1 2024[35] - The retail segment generated revenue of $9,411,342, while the bulk segment generated $8,411,716 for the three months ended March 31, 2025[57] - The manufacturing segment reported revenue of $5,814,059 for the three months ended March 31, 2025[57] - Retail water operations generated approximately 28% of consolidated revenue and 46% of consolidated gross profit for the three months ended March 31, 2025[171] Expenses - General and administrative expenses for Q1 2025 were $7.72 million, an increase of 17.6% from $6.56 million in Q1 2024[13] - General and administrative expenses increased to $7,723,959 for 2025 from $6,564,029 for 2024, primarily due to legal costs and added employee costs[136] - Corporate G&A expenses increased to $3,729,650 in 2025 from $3,337,634 in 2024, primarily due to employee costs and legal fees[150] Cash Flow and Liquidity - Cash and cash equivalents at the end of Q1 2025 were $107,852,232, an increase from $46,177,641 at the end of Q1 2024[17] - Net cash provided by operating activities for continuing operations was $12,163,994 in Q1 2025, compared to $6,351,760 in Q1 2024, representing a 92% increase[17] - Cash and cash equivalents increased to $107.9 million as of March 31, 2025, up from $99.4 million as of December 31, 2024[166] - Net cash provided by operating activities was $11,760,251 for the three months ended March 31, 2025, reflecting a net income of $4,956,456[167] Discontinued Operations - The company reported a net loss from discontinued operations of $133,081 in Q1 2025, compared to a loss of $467,066 in Q1 2024[13] - The company reported a loss from discontinued operations of $132,830 in Q1 2025, compared to a loss of $468,025 in Q1 2024[17] - Total assets of discontinued operations decreased to $169,707 as of March 31, 2025, down from $272,485 as of December 31, 2024, reflecting a decline of approximately 38%[75] - Total liabilities of discontinued operations decreased to $235,057 as of March 31, 2025, down from $509,745 as of December 31, 2024, a reduction of about 54%[75] Contracts and Future Revenue - The Company expects to earn approximately $18.6 million in revenue during the remainder of the year ending December 31, 2025, from contracts in progress[49] - As of March 31, 2025, the Company had unsatisfied or partially unsatisfied performance obligations representing approximately $149.3 million in aggregate transaction price for contracts with an original expected length of greater than one year[49] - The Company recognized revenue of approximately $1.4 million for the three months ended March 31, 2025, that was included in the contract liability balance as of December 31, 2024[49] Regulatory and Market Conditions - The company is currently negotiating a new retail license with OfReg, which may significantly reduce operating income and cash flows historically generated from retail operations[90] - Significant changes in legislation and regulation could adversely affect the company's business and financial condition[208] - Moody's downgraded The Bahamas' long-term issuer rating to B1 from Ba3, which could impact the company's financial condition[93] Impairments and Risks - The company recorded an impairment loss of $2.9 million for its manufacturing segment's goodwill due to updated projections of future cash flows[112] - The profitability of contracts is dependent on accurate cost estimation, with potential for significant adverse impacts on financial condition if costs exceed initial estimates[206] - The company cannot predict the impact of potential changes in tariffs or trade relations on its business operations and financial condition[97]

Core Insights - Consolidated Water (CWCO) is expected to report quarterly earnings of $0.22 per share, a decline of 48.8% year-over-year, with revenues forecasted at $32.37 million, reflecting an 18.4% decrease compared to the same period last year [1][2] Earnings Estimates - The consensus EPS estimate has been revised downward by 6.7% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts project 'Revenue- Manufacturing' to reach $4.78 million, indicating a year-over-year decline of 10% [5] - 'Revenue- Services' is expected to be $10.30 million, reflecting a significant decrease of 40.9% from the previous year [5] - 'Revenue- Retail' is forecasted at $8.57 million, showing a slight decline of 0.7% year-over-year [5] - 'Revenue- Bulk' is anticipated to reach $8.42 million, marking a year-over-year increase of 0.9% [6] Stock Performance - Shares of Consolidated Water have returned -2.1% over the past month, contrasting with the Zacks S&P 500 composite's increase of +10.6% [7] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [7]

Core Viewpoint - Consolidated Water Co. Ltd. will hold a conference call on May 13, 2025, to discuss its first-quarter financial results for the period ending March 31, 2025 [1][2]. Group 1: Conference Call Details - The conference call is scheduled for May 13, 2025, at 11:00 a.m. Eastern time [2]. - A press release with financial results will be issued prior to the call [2]. - Participants can join the call using a toll-free number or an international dial-in number, with a conference ID provided [2]. Group 2: Replay Information - A replay of the conference call will be available after 1:00 p.m. Eastern time on the same day and will remain accessible until May 20, 2025 [3]. - The replay can be accessed via the Investors section of the Consolidated Water website [3]. Group 3: Company Overview - Consolidated Water Co. Ltd. specializes in the development and operation of advanced water supply and treatment plants, including seawater desalination facilities in the Cayman Islands, The Bahamas, and the British Virgin Islands [3][4]. - The company has recently entered the U.S. desalination market with a contract for a seawater desalination plant in Hawaii [3]. - In addition to desalination, the company provides a range of services related to water production, supply, treatment, and wastewater management [4].

Company Performance - Consolidated Water (CWCO) closed at $23.89, down 0.87% from the previous trading session, underperforming the S&P 500's gain of 2.03% [1] - Over the last month, the company's shares decreased by 0.74%, while the Utilities sector gained 1.72% and the S&P 500 lost 5.07% [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of $0.22, reflecting a 48.84% decrease from the same quarter last year [2] - Revenue is projected at $32.37 million, down 18.44% from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $0.88 per share, a decline of 21.43%, with revenue expected to be $130.03 million, down 2.94% from the prior year [3] - Recent changes in analyst estimates indicate a shifting business landscape, with positive revisions suggesting optimism about the company's profitability [3] Valuation Metrics - Consolidated Water has a Forward P/E ratio of 27.49, which is higher than the industry average of 22.95 [6] - The Utility - Water Supply industry ranks in the top 16% of all industries, with a current Zacks Industry Rank of 38 [6] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Consolidated Water at 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate has decreased by 15.97% [5]

Group 1: Stock Performance - Consolidated Water (CWCO) closed at $24.10, reflecting a -0.99% change from the previous session, underperforming compared to the S&P 500's gain of 1.67% [1] - The stock has increased by 0.37% over the past month, lagging behind the Utilities sector's gain of 1.72% and outperforming the S&P 500's loss of 6.57% [1] Group 2: Earnings Forecast - The upcoming earnings report is expected to show earnings of $0.22 per share, representing a year-over-year decline of 48.84% [2] - The Zacks Consensus Estimate for revenue is projected at $32.37 million, down 18.44% from the previous year [2] Group 3: Annual Estimates - For the entire year, earnings are forecasted at $0.88 per share and revenue at $130.03 million, indicating declines of -21.43% and -2.94% respectively compared to the previous year [3] Group 4: Analyst Estimates - Recent changes to analyst estimates for Consolidated Water reflect shifting business dynamics, with positive adjustments indicating a favorable outlook on the company's health and profitability [4] - A significant 26.74% decline in the Zacks Consensus EPS estimate has been noted over the past month [6] Group 5: Valuation Metrics - Consolidated Water has a Forward P/E ratio of 27.76, which is a premium compared to the industry's average Forward P/E of 23.35 [7] - The Utility - Water Supply industry holds a Zacks Industry Rank of 50, placing it in the top 21% of over 250 industries [7][8]

Group 1 - Consolidated Water (CWCO) ended the recent trading session at $24.39, showing a +0.04% change from the previous day's closing price, outperforming the S&P 500's 4.84% loss on the same day [1] - Over the past month, shares of Consolidated Water have decreased by 10.57%, lagging behind the Utilities sector's gain of 2.06% and the S&P 500's loss of 4.7% [1] Group 2 - The upcoming EPS for Consolidated Water is projected at $0.23, indicating a 46.51% decline compared to the same quarter of the previous year, while revenue is expected to be $32.7 million, reflecting a 17.61% drop year-over-year [2] - For the full year, earnings are projected at $0.95 per share and revenue at $130.81 million, showing changes of -15.18% and -2.36% respectively from the previous year [3] Group 3 - The Zacks Consensus EPS estimate has decreased by 32.38% in the past month, and Consolidated Water currently holds a Zacks Rank of 5 (Strong Sell) [5] - The Forward P/E ratio for Consolidated Water is 25.75, which is higher than the average Forward P/E of 22.1 for its industry [6] Group 4 - The Utility - Water Supply industry, to which Consolidated Water belongs, has a Zacks Industry Rank of 214, placing it in the bottom 14% of over 250 industries [6][7]