Consolidated Water Reports Third Quarter 2025 Results

Core Insights - Consolidated Water Co. Ltd. reported a 5% increase in consolidated revenue for Q3 2025, totaling $35.1 million, and a 10% increase in fully diluted earnings per share from continuing operations, reaching $0.34 [4][12][16]. Financial Summary - Total revenue increased to $35.1 million from $33.4 million in Q3 2024, driven by growth in retail, services, and manufacturing segments [12][31]. - Retail revenue rose by 2% to $7.8 million, while bulk revenue decreased by 4% to $8.4 million [8][31]. - Services revenue increased by 13% to $14.3 million, with construction revenue up 50% to $6.4 million [6][31]. - Manufacturing revenue grew by 7% to $4.7 million, with a gross margin increase to 40% [8][9]. Operational Highlights - Retail water sold increased by 6% due to lower rainfall in Grand Cayman [5][12]. - The services segment saw a revenue increase of $1.6 million, attributed to construction projects and a slight rise in O&M contracts [6][14]. - A new contract valued at $11.7 million was secured for a wastewater recycling plant in California, expected to save significant potable water [7][12]. Management Commentary - The CEO highlighted the strength of the diversified business model, which includes regulated utility operations, design and construction services, and manufacturing [4]. - The company anticipates continued revenue and earnings growth from major projects, including a $204 million seawater desalination plant in Hawaii [10][12]. Balance Sheet and Cash Flow - Cash and cash equivalents increased to $123.6 million, with working capital rising to $141.7 million as of September 30, 2025 [17]. - Net income from continuing operations attributable to stockholders was $5.6 million, compared to $5.0 million in Q3 2024 [16][17]. Segment Results - Retail segment revenue was $7.8 million, bulk segment revenue was $8.4 million, services segment revenue was $14.3 million, and manufacturing segment revenue was $4.7 million for Q3 2025 [25][31]. - The services segment's construction revenue increased significantly, while O&M revenue also saw a modest rise [14][32].