GEORGE TOWN, Cayman Islands, Nov. 05, 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, will hold a conference call on Friday, November 15, 2024 at 11:00 a.m. Eastern time to discuss its results for the third quarter ended September 30, 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 qu ...

Consolidated Water (CWCO) closed the most recent trading day at $24.65, moving +0.86% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.27%. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%. The developer and operator of desalination plants's stock has dropped by 2.9% in the past month, falling short of the Utilities sector's loss of 2.82% and the S&P 500's gain of 2%. Analysts and investors alike will be keeping a close eye on ...

Core Viewpoint - Consolidated Water Co. Ltd. (CWCO) is leveraging advanced technology for seawater conversion to potable water, enhancing its operational performance through acquisitions and organic growth [1][2]. Group 1: Company Operations and Technology - CWCO utilizes Reverse Osmosis Technology at all its water treatment plants, which is crucial for converting seawater to drinking water [2]. - The company operates 10 water production plants with a total capacity of 24.9 million gallons per day across four countries, and is actively seeking new market opportunities for drinking water and wastewater services [4]. Group 2: Expansion Strategies - CWCO aims to expand into complementary service industries, targeting businesses that operate advanced water-treatment plants under medium to long-term contracts with government entities [3]. - The company is pursuing growth opportunities through joint ventures, strategic alliances, and acquisitions [3]. Group 3: Financial Challenges - CWCO's Bahamas subsidiary faces significant delays in collecting accounts receivable, with $25.4 million owed as of June 30, 2024, of which nearly 79% is delinquent, impacting liquidity [5]. - Demand for water services is subject to fluctuations due to weather conditions and tourism levels, which can adversely affect operational results and cash flows [6]. Group 4: Stock Performance - Over the past three months, CWCO's stock has returned 1.9%, underperforming compared to the industry's growth of 12.9% [7]. - Since June 25, 2024, CWCO's stock growth has been significantly lower than the Utility-Water Supply Market [8].

Consolidated Water (CWCO) ended the recent trading session at $25.63, demonstrating a -0.12% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.15%. The the stock of developer and operator of desalination plants has fallen by 4.82% in the past month, lagging the Utilities sector's gain of 4.83% and the S&P 500's gain of 2%. Market participants will be closely following the financial results ...

GEORGE TOWN, Cayman Islands, Sept. 09, 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, has been invited to attend the Janney Water Utilities Conference being held virtually on September 19, 2024. Consolidated Water's CEO, Rick McTaggart, and its CFO, David Sasnett, are scheduled to meet with institutional analysts and investors in one-on-one virtual meetings on Thursday, Septembe ...

GEORGE TOWN, Cayman Islands, Aug. 27, 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, has increased its quarterly cash dividend and declared a dividend of $0.11 per share for the fourth quarter of 2024. This fourth quarter dividend represents an increase of 15.8% from the third quarter 2024 dividend of $0.095 per share. The cash dividend is payable on October 31, 2024 to sharehol ...

JodiJacobson Thesis In the latest Q2 2024 results from Consolidated Water Co. Ltd. (NASDAQ:CWCO), they missed the mark. GAAP EPS came in at $0.26, falling short by $0.02. Revenue hit $32.48 million, missing by $4.82 million. The Retail segment saw an 8% bump, and operations and maintenance contracts jumped 75%. But, overall revenue took a hit due to big project completions. I think CWCO is still solid, but the risk from big project cycles and timing issues could hurt future growth. About Consolidated Water ...

Core Insights - Consolidated Water Co. Ltd. (CWCO) reported second-quarter 2024 earnings per share of 26 cents, missing the Zacks Consensus Estimate of 34 cents by 23.5% and down 44.7% from 47 cents in the previous year [1] - Total revenues for the quarter were $32 million, falling short of the Zacks Consensus Estimate of $37 million by 12.5% and declining 27.3% from $44 million in the same quarter last year [2] Revenue Breakdown - Retail revenues increased to $8.18 million, up 8.1% from $7.57 million in the year-ago quarter, driven by an 8% increase in the volume of water sold [3] - Bulk revenues slightly decreased to $8.44 million, down 0.5% from $8.48 million in the prior year, attributed to lower energy costs affecting CW-Bahamas' rates [3] - Manufacturing revenues totaled $3.9 million, a decrease of 3.9% from $4.08 million in the previous year [4] - Services revenues significantly dropped to $11.9 million, down 50.6% from $24.1 million last year, primarily due to a $16.5 million decline in plant construction revenues [4] Financial Highlights - General and administrative expenses rose nearly 10.4% to $6.6 million [5] - Net income from continuing operations was $11.5 million, compared to $11.9 million in the year-ago quarter [5] - Cash and cash equivalents increased to $96.7 million as of June 30, 2024, from $42.6 million as of December 31, 2023 [7] - Working capital stood at $131.2 million as of the same date [7] - Total long-term debt was $0.15 million as of June 30, 2024, down from $0.19 million at the end of 2023 [7] - Cash flow from operating activities in the first half of 2024 was $26.9 million, compared to $4.5 million in the year-ago period [7] Operational Developments - The volume of retail water sold in Grand Cayman increased by 10% year over year [6] - The company completed the construction and commissioning of a new 2.6 million gallons per day desalination plant for the Water Authority of the Cayman Islands, operating under a 10-year operations and maintenance agreement [6]

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Q2 2024 Earnings Conference Call August 15, 2024 11:00 AM ET Company Participants Frederick McTaggart - CEO David Sasnett - CFO Conference Call Participants Gerard Sweeney - ROTH Capital Operator Good morning, everyone. Thank you for joining us today to discuss the results for Consolidated Water's Second Quarter of 2024. Hosting the call today is the Chief Executive Officer of Consolidated Water Company, Rick McTaggart; and the company's Chief Financial Officer, Dav ...

Exhibit 99.1 Exhibit 99.1 Consolidated Water Reports Second Quarter 2024 Operating Results GEORGE TOWN, Grand Cayman, Cayman Islands, August 14, 2024 -- 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 second quarter ended June 30, 2024. All comparisons are to the same prior year period unless otherwise noted. Consolidated Water will hold a conference call at 11:00 a.m. Eastern ti ...