Consolidated Water(CWCO) Newsfilter·2025-03-17 21:30Core 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 180.2 million in 2023 [15][24]. - Net income from continuing operations attributable to stockholders was 1.12 per diluted share, down from 1.93 per diluted share in 2023 [19][36]. - Cash and cash equivalents stood at 132.8 million as of December 31, 2024 [20]. Operational Highlights - Retail revenue increased by 5% to 33.7 million, while manufacturing revenue increased by 1% to 51 million, primarily due to a 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].