Consolidated Water Q2 Earnings and Sales Surpass Estimates

Key Takeaways - Consolidated Water Co. Ltd. (CWCO) reported second-quarter 2025 earnings per share (EPS) of 32 cents, exceeding the Zacks Consensus Estimate of 20 cents by 60% and showing a 23.1% increase from the previous year's earnings of 26 cents [1][7] Total Revenues of CWCO - The total revenues for CWCO in the second quarter of 2025 were $33.6 million, surpassing the Zacks Consensus Estimate of $33 million by 2.76% and reflecting a year-over-year increase of 6.3% due to improved contributions from Retail and Manufacturing segments [2] CWCO's Q2 Segmental Details - Retail revenues increased by 6% to $8.6 million driven by higher sales volumes - Bulk revenues decreased by 2% to $8.3 million - Manufacturing revenues saw a significant decline of 33% to $5.2 million - Services revenues declined by 4% to $11.4 million, attributed to a $1.2 million decrease in construction revenues and a $0.5 million decrease in design and consulting revenues [3] Highlights of CWCO's Q2 Earnings Release - Retail water sales from the Grand Cayman utility rose by 7%, primarily due to reduced rainfall compared to the second quarter of 2024, along with population growth and increased business activity in the service area - Gross profit for the second quarter of 2025 was $12.83 million, up from $11.6 million in the same quarter of 2024 - Total general and administrative expenses increased nearly 14.7% to $7.6 million [4] CWCO's Financial Highlights - Cash and cash equivalents totaled $112.3 million as of June 30, 2025, compared to $99.4 million as of December 31, 2024 - Working capital amounted to $137.4 million as of June 30, 2025 - Total long-term debt was $0.05 million as of June 30, 2025, down from $0.07 million at the end of 2024 - Cash flow from operating activities during the first half of 2025 totaled $10.4 million, compared to $11.2 million in the year-ago period [5]