Consolidated Water: Q2 2024 Earnings Make A Splash, But Miss The Mark
Consolidated Water(CWCO) Seeking Alpha·2024-08-20 14:57JodiJacobson 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 ...