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CWCO

Consolidated WaterF
Nasdaq / Utilities
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2026-06-02
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2026-05-15
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Earnings documents stored for CWCO.

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Investor releaseQuarter not tagged2026-05-15

Earnings Miss: Consolidated Water Co. Ltd. Missed EPS By 12% And Analysts Are Revising Their Forecasts

Simply Wall St.

Consolidated Water Co. Ltd. (NASDAQ:CWCO) just released its latest first-quarter report and things are not looking great. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at US$30m, statutory earnings missed forecasts by 12%, coming in at just US$0.23 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Taking into account the latest results, Consolidated Water's sole analyst currently expect revenues in 2026 to be US$127.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to sink 14% to US$0.94 in the same period. Before this earnings report, the analyst had been forecasting revenues of US$135.1m and earnings per share (EPS) of US$1.05 in 2026. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a real cut to earnings per share estimates. Check out our latest analysis for Consolidated Water The average price target climbed 8.9% to US$43.00despite the reduced earnings forecasts, suggesting that this earnings impact could be a positive for the stock, once it passes. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that revenue is expected to reverse, with a forecast 0.7% annualised decline to the end of 2026. That is a notable change from historical growth of 16% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 6.4% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Consolidated Water is expected to lag the wider industry. The biggest concern is that the analyst reduced thei...

Investor releaseQuarter not tagged2026-05-13

Consolidated Water Q1 Earnings Call Highlights

MarketBeat

Interested in Consolidated Water Co. Ltd.? Here are five stocks we like better. Q1 revenue and earnings fell as Consolidated Water reported $30 million in revenue, down 11% year over year, and diluted EPS of $0.24 from continuing operations versus $0.31 a year ago. The drop was driven mainly by weaker manufacturing and retail performance. Manufacturing and retail were pressured, while bulk and services grew. Manufacturing revenue plunged 76% due to fewer new purchase orders, and retail sales fell as wetter weather in Grand Cayman cut water volumes 10.2%; meanwhile, bulk revenue rose on Cat Island activity and services revenue increased 15% on stronger O&M contract work. The balance sheet remains strong and growth projects are advancing. Consolidated Water ended the quarter with $126.3 million in cash, no significant debt, and ongoing opportunities in Florida, Hawaii, and the Caribbean, including continued progress on the Hawaii desalination project and active acquisition interest. Top 3 Utilities Stocks Powering Up as Recession Fears Rise Consolidated Water (NASDAQ:CWCO) reported lower first-quarter revenue and earnings as weaker manufacturing activity and wetter weather in Grand Cayman weighed on results, while management pointed to continued growth in bulk water and operations-and-maintenance services. Chief Executive Officer Rick McTaggart said consolidated revenue declined in the quarter because of revenue decreases in the company’s manufacturing and retail segments. Manufacturing revenue was lower due to the timing and receipt of new purchase orders compared with the prior year, when a large purchase order received in late 2024 benefited first-quarter 2025 revenue. Retail revenue was affected by significantly wetter weather in Grand Cayman, which reduced the volume of water sold by 10.2%. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum McTaggart said the retail decline was partially offset by “record-breaking tourism” in the Cayman Islands during the quarter, while the company’s bulk and services segments continued to grow. Chief Financial Officer David W. Sasnett said first-quarter 2026 revenue totaled $30 million, down 11% from the first quarter of 2025. The decrease reflected a $4.4 million decline in manufacturing revenue and an $834,000 decline in retail revenue. Those decreases were partially offset by a $333,000 increase in bulk...

Investor releaseQuarter not tagged2026-05-12

Consolidated Water Co. Ltd. Q1 2026 Earnings Call Summary

Moby

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Revenue declines in the manufacturing and retail segments were partially offset by growth in bulk and services, highlighting the stability of the Caribbean bulk water business. Retail segment performance was primarily hindered by significantly wetter weather in Grand Cayman, which reduced water sales volume by 10.2% compared to a drought-impacted prior year. Record-breaking tourism in the Cayman Islands, including the single best month for visitation in history, served as a critical buffer against the negative impacts of increased rainfall. The services segment saw a 15% revenue increase driven by new municipal O&M contracts in Southern California and additional maintenance work on expiring contracts. Manufacturing revenue faced a sharp year-over-year decline due to the timing of large purchase orders and the shift of production capacity toward internal projects. Management is pivoting the manufacturing strategy toward Florida's municipal market, where evolving regulations are driving demand for advanced membrane-based treatment systems. The company maintains a strong liquidity position with $126.3 million in cash and no significant debt, providing flexibility for strategic acquisitions and infrastructure investments. Full-year 2026 manufacturing revenue is expected to be lower than the record 2025 levels due to the elimination of internal revenue from the Hawaii project in consolidation. Construction of the 1.7 million gallon per day desalination plant in Hawaii is anticipated to commence later in 2026, pending the resolution of a prerequisite permit delay. Management is actively pursuing strategic acquisitions in Florida to replicate the successful design-build business model established by PERC Water in the Western U.S. Retail water sales in Q2 are expected to be supported by continued record tourism and lower rainfall levels observed in April compared to the previous year. The company expects to realize more than $13 million in remaining revenue from ongoing construction projects in Colorado and Northern California primarily within the 2026 fiscal year. Delinquent accounts receivable from the Bahamas government increased to $23.9 million; while officials express intent to pay, the timing of collection re...

Investor releaseQuarter not tagged2026-05-12

Consolidated Water (CWCO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks

Consolidated Water (CWCO) reported $29.97 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 11.1%. EPS of $0.24 for the same period compares to $0.31 a year ago. The reported revenue represents a surprise of -10.26% over the Zacks Consensus Estimate of $33.4 million. With the consensus EPS estimate being $0.27, the EPS surprise was -11.11%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Consolidated Water performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Retail: $8.58 million versus $9.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.9% change. Revenue- Manufacturing: $1.4 million compared to the $4.93 million average estimate based on two analysts. The reported number represents a change of -75.9% year over year. Revenue- Services: $11.25 million versus $10.81 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change. Revenue- Bulk: $8.75 million compared to the $8.29 million average estimate based on two analysts. The reported number represents a change of +4% year over year. View all Key Company Metrics for Consolidated Water here>>> Shares of Consolidated Water have returned -6.8% over the past month versus the Zacks S&P 500 composite's +9.1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-05-12

Consolidated Water: Q1 Earnings Snapshot

Associated Press

GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Consolidated Water Co. (CWCO) on Monday reported net income of $3.8 million in its first quarter. On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had net income of 23 cents. Earnings, adjusted to account for discontinued operations, were 24 cents per share. The developer and operator of desalination plants posted revenue of $30 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWCO at https://www.zacks.com/ap/CWCO

Investor releaseQuarter not tagged2026-05-12

Consolidated Water Reports First Quarter 2026 Results

GlobeNewswire

GEORGE TOWN, Cayman Islands, May 11, 2026 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water treatment plants, reported results for the quarter ended March 31, 2026. 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 time tomorrow to discuss the results (see dial-in information below). First Quarter 2026 Financial Summary Total revenue decreased 11% to $30.0 million. Retail revenue decreased 9% to $8.6 million due to significantly greater rainfall on Grand Cayman during the quarter. Bulk revenue increased 4% to $8.7 million primarily due to new revenue from the recently commissioned seawater desalination facility in Cat Island, The Bahamas. Services revenue increased by 12% to $11.3 million. Manufacturing revenue decreased by 76% to $1.4 million primarily due to a decrease in the total dollar amount of new purchase orders and, to a lesser extent, the timing of the receipt and the commencement of work on these new orders. Net income from continuing operations attributable to company stockholders totaled $3.8 million or $0.23 per diluted share, compared to $4.9 million or $0.31 per diluted share in the first quarter of 2025. Including discontinued operations, net income attributable to company stockholders totaled $3.8 million or $0.23 per diluted share, compared to $4.8 million or $0.30 per diluted share in the first quarter of 2025. Cash and cash equivalents increased to $126.3 million and working capital increased to $144.3 million as of March 31, 2026. Management Commentary “In Q1, consolidated revenue declined due to revenue declines in our manufacturing and retail segments,” said Consolidated Water CEO Rick McTaggart. “Manufacturing revenue was lower due to the timing of receipt of new purchase orders for 2026 projects compared to last year. We had received a large purchase order in late 2024 which favorably impacted our first quarter revenue last year. Retail revenue was impacted by much wetter weather conditions this past quarter which reduced the water volume we sold in Grand Cayman by about 10%. However, revenue in our bulk and services segments continued to grow this past quarter, which partially offset the decline in our other two operating segments. Gross profit and...

Investor releaseQuarter not tagged2026-05-12

Consolidated Water Q1 Earnings Miss Estimates, Revenues Decrease Y/Y

Zacks

Consolidated Water Co. Ltd. CWCO delivered first-quarter 2026 earnings per share of 24 cents, which missed the Zacks Consensus Estimate of 27 cents by 11.11%. The bottom line also declined 22.58% from the year-ago period’s earnings of 31 cents. CWCO’s total revenues for first-quarter 2026 were $30 million, missing the Zacks Consensus Estimate of $33.4 million by 10.18%. The top line also decreased 11.1% from the year-ago figure of $33.7 million. Consolidated Water Co. Ltd. price-consensus-eps-surprise-chart | Consolidated Water Co. Ltd. Quote Retail revenues for the quarter decreased 8.86% to $8.6 million. The decrease was primarily due to a 10.2% decline in water sales volume because of significantly higher rainfall in Grand Cayman during the quarter compared with 2025. Bulk revenues increased 3.96% to $8.7 million. The slight growth was driven by new revenue contributions from the recently commissioned seawater desalination facility in Cat Island, the Bahamas. Manufacturing revenues decreased 76% to $1.4 million. The decline was mainly due to the lower total value of new purchase orders and, to a lesser extent, delays in the receipt and commencement of work related to these orders. Services revenues increased 11.64% to $11.3 million. The increase was mainly attributed to revenues generated under O&M contracts, which amounted to $8.9 million for the first quarter of 2026, up 15% from the prior-year quarter. The company’s first-quarter 2026 revenues decreased due to lower contributions from its manufacturing and retail segments. These declines were partly offset by growth in the bulk water and services segment revenues. Gross profit for the first quarter of 2026 was $10.91 million, down 11.30% from $12.31 million in the first quarter of 2025. Total general and administrative expenses increased nearly 3.95% to $7.42 million. Cash and cash equivalents totaled $126.3 million as of March 31, 2026, compared with $123.8 million as of Dec. 31, 2025. Total long-term debt was $0.005 million as of March 31, 2026, down from $0.03 million at 2025-end. Cash flow from operating activities during first-quarter 2026 totaled $6.5 million compared with $11.8 million in the year-ago period. Consolidated Water currently has a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Atmos Energy ATO posted second-quarter fisca...

Investor releaseQuarter not tagged2026-05-12

Consolidated Water (CWCO) Shares Slip After Quarterly Results Miss Expectations

InvestorsHub

Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) declined in after-hours trading on Monday after the water utility and desalination company reported first-quarter results that came in below analyst forecasts. The stock fell 2.3% following the earnings release. Adjusted earnings per share totaled $0.24, missing consensus estimates of $0.41, while quarterly revenue reached $30.0 million, well below market expectations of $55 million. Revenue declined 11% year-on-year from $33.7 million in the first quarter of 2025. The decline was driven primarily by weakness in the company’s manufacturing and retail operations. Manufacturing revenue dropped 76% year-on-year to $1.4 million, reflecting lower volumes of new purchase orders and differences in project timing compared with the previous year. Retail revenue also fell 9% to $8.6 million after unusually heavy rainfall in Grand Cayman reduced water demand, leading to a 10.2% decline in water volumes sold. “In Q1, consolidated revenue declined due to revenue declines in our manufacturing and retail segments,” said CEO Rick McTaggart. “Manufacturing revenue was lower due to the timing of receipt of new purchase orders for 2026 projects compared to last year.” Despite the weaker overall results, several business areas posted growth during the quarter. Bulk revenue increased 4% to $8.7 million, supported by operations at a new seawater desalination facility located on Cat Island in The Bahamas. Services revenue rose 12% to $11.3 million, while operations and maintenance revenue climbed 15% to $8.9 million. The company said growth in its maintenance segment was partly driven by a new three-year contract secured with a California municipality in November 2025. Net income from continuing operations attributable to shareholders came in at $3.8 million, or $0.24 per diluted share, compared with $4.9 million, or $0.31 per diluted share, in the same period last year. Gross profit declined to $10.9 million, representing 36% of total revenue, versus $12.3 million, or 37% of revenue, in the prior-year quarter. As of March 31, 2026, Consolidated Water reported cash and cash equivalents of $126.3 million and working capital totaling $144.3 million. Consolidated Water Company stock price

TranscriptFY2026 Q12026-05-12

FY2026 Q1 earnings call transcript

Earnings source - 47 paragraphs
Operator

Morning. Thank you for joining us today to discuss Consolidated Water Company's first quarter of 2026 operating and financial results. Hosting the call today is the Chief Executive Officer of Consolidated Water, Rick McTaggart, and the Company Chief Financial Officer, David Sasnett. Following the remark, we will open the call to your questions. Before we conclude today's call, I will provide some important caution regarding the forward-looking statement made by management during the call. I would like to remind everyone that today's call is being recorded, and it will be made available for telecom replay. Please see the instruction in yesterday's press release that has been posted to the investor relations section of the Company's website. I'd like to turn the call over to Consolidated Water CEO, Rick McTaggart. Please go ahead.

Frederick McTaggart

Danish. Good morning, everyone. In Q1, consolidated revenue declined due to revenue declines in our manufacturing and retail segments. Manufacturing revenue was lower due to the timing of receipt of new purchase orders for 2026 projects compared to last year. We had received a large purchase order in late 2024, which had favorably impacted our first quarter revenue last year. Retail revenue was impacted by much wetter weather conditions this past quarter, which reduced the water volume we sold in Grand Cayman by 10.2%. This decrease was partially offset by what turned out to be record-breaking tourism in the Cayman Islands during the quarter. Revenue in our bulk and service segments continued to grow this past quarter, which partially offset the decline in our other two operating segments.

Frederick McTaggart

Gross profit and operating income in our bulk and services segments also increased, underscoring the stable recurring nature of our Caribbean-based bulk water business and the momentum in our O&M services. Our services segment revenue increase was mainly due to a 15% increase in revenue from O&M contracts. The O&M revenue increase was partially due to revenue from a new municipal client in Southern California, which is contracted with us in November last year under a three-year contract that's expected to generate approximately $4.5 million. In revenue over the next three years. Before getting into more recent developments and our outlook for the rest of the year and beyond, I'd like to turn the call over to our CFO, David Sasnett, who will take us through the financial details for the quarter.

David Sasnett

Our 2026 revenue totaled $30 million. This is down 11% from the first quarter of last year. This revenue decrease was due to declines of $4.4 million in our manufacturing segment revenue and $834,000 in our retail segment revenue. These decreases were partially offset by increases of $333,000 in the bulk segment and $1.2 million in the service segment. Our retail revenue decreased due to a 10.2% decrease in the volume of water sold. The decrease for the Q1 of this year resulted from significantly greater rainfall on Grand Cayman during the quarter, as Q1 2025 rainfall was well below historical norms for the island.

David Sasnett

The slight increase in our bulk revenue was primarily due to new revenue from CW Bahamas' new Cat Island plant. The increase in services revenue was primarily due to revenue generated under O&M contracts that totaled $8.9 billion for the first quarter of 2026, an increase of 15% from the first quarter of 2025. A portion of the increase in O&M revenue was attributable to the new three-year contract mentioned previously by Rick for a California municipality obtained by PERC in November of last year. In addition, about $500,000 of the O&M revenue increase was due to additional construction work and maintenance services completed in 2026 for an O&M contract that expired at the end of March 2026. Our construction revenue remained relatively consistent at $2.1 million for the first quarter of 2026.

David Sasnett

Our manufacturing segment revenue decreased by $4.4 million or 76% to $1.4 million. As Rick mentioned, the decrease was due to a decrease in the total dollar volume of new purchase orders and to a lesser extent, the timing of the receipt and commencement of work on new purchase orders. We feel it important to mention that based on our current projections, we believe that manufacturing revenue for the full 2026 fiscal year will be less than the manufacturing revenue generated for the 2025 fiscal year, which really was a record amount of revenue for our manufacturing segment. Gross profit for 2026 was $10.9 million or 36% of total revenue as compared to $12.3 million or 37% of total revenue in the first quarter of 2025.

David Sasnett

The decrease was due to the declines in retail revenue and manufacturing revenue mentioned previously. Net income from continuing operations attributable to Consolidated Water shareholders for the first quarter of 2026 was $3.8 million or $0.24 per diluted share. These numbers compare to net income of $4.9 million or $0.31 per diluted share in the first quarter of 2025. Including discontinued operations, net income attributable to Consolidated Water shareholders for the first quarter of 2026 was $3.8 million, or $0.23 per diluted share as compared to net income of $4.8 million, or $0.30 per diluted share in the first quarter of 2025. Turning to our balance sheet.

David Sasnett

During the quarter, CW Bahamas accounts receivable balances increased to $23.9 million as of March 31, 2026 as compared to $20.7 million as of December 31, 2025. We continue to be in frequent contact with officials of the Bahamas government who continue to express their intention to significantly reduce CW Bahamas' delinquent accounts receivable balances. We're unable to determine if or when such reduction will occur. Our cash and cash equivalents totaled $126.3 million as of March 31, 2026. Our working capital grew to $144.3 million, and stockholders' equity has now reached $223.6 million.

David Sasnett

These amounts represent an $18.5 million increase in cash and an $8.1 million increase of working capital from the year-ago quarter. Our balance sheet continues to have no significant outstanding debt. Our projected liquidity requirements for the balance of 2026 include capital expenditures for existing operations of approximately $8.6 million. We paid approximately $2.3 million in dividends in April 2026. Our liquidity requirements may also include future quarterly dividends if such dividends are declared by our board. We continue to evaluate how to best utilize our ample cash balance to increase shareholder value. This includes our financial summary for the quarter, and I'll turn the call back over to Rick.

Frederick McTaggart

Thanks, David. As I mentioned in my opening remarks, demand for our water in the Cayman Islands is affected by variations in the level of tourism and rainfall. The greater rainfall in Grand Cayman during the quarter was partially offset by record-breaking tourism driven by strong air arrivals. In Q1, stayover visitor arrivals in the Cayman Islands grew by 11.1% compared to the first quarter of 2025. March of 2026 marked the single best month for visitation in the island's history. No official stayover numbers for April have been reported yet, but the Ministry of Tourism stated in late April that the run of record-breaking news is set to continue, specifically predicting that April will be a really great month for stayover numbers.

Frederick McTaggart

It's interesting to also note that Cayman Airways is scheduled to inaugurate a new seasonal nonstop service between Grand Cayman and Austin, Texas on May 24th. That's aimed at capturing summer travel demand. The opening of two major hotels in Grand Cayman, including the Grand Hyatt last week and the 1GT at the end of this month, adds new room inventory in anticipation of greater stayover visitors. We normally sell more water during the first half of the year when the number of tourists is greater and the weather is drier. Indications so far are that tourism and business activity continued to grow in April, and rainfall levels were lower in April this year than in 2025, which should support our retail water sales volumes in the second quarter.

Frederick McTaggart

Regarding our Cayman Water utility license, in February last year, we received a new concession from the government that authorizes and maintains the terms of our 1990 license until a new license from OfReg is negotiated and enacted. Negotiations between Cayman Water and OfReg for this new license have been more active than in previous quarters but remain ongoing. Looking at bulk, we're also pleased that our Caribbean-based bulk business continued to generate long-term, stable recurring revenue during the quarter. Our bulk segment revenue increase reflects contributions from one of two new desalination plants on Cat Island, The Bahamas, which supply potable water to the Water and Sewerage Corporation of The Bahamas. The second plant is expected to be commissioned this quarter.

Frederick McTaggart

In our manufacturing business, while manufacturing segment revenue decreased compared to Q1 last year, we expect based on current backlog that our manufacturing revenue for the rest of the year will improve. However, we also expect that manufacturing revenue for the full year will not be as high as we had last year in 2025, which David mentioned earlier was a record year. Some of our production capacity in manufacturing this year will be used to manufacture seawater reverse osmosis units and piping for our Hawaii project. Accounting rules require that this Hawaii-related manufacturing revenue is eliminated in consolidation, although it will eventually be recognized through our services segment as the Hawaii project advances. That has an impact on our outlook for the rest of the year, obviously.

Frederick McTaggart

For the remainder of this year and beyond, we are seeing a very active market for our manufacturing segment products and services, particularly for municipal water projects in Florida, which tend to have a longer lead time. A new market driver for our manufacturing business is a continued evolution of Florida water supply regulations and policies that are pushing utilities toward alternative sources, including deeper, more brackish groundwater. As more projects shift to these new sources, utilities often need membrane-based treatments such as reverse osmosis rather than traditional lime softening to reliably meet drinking water requirements. This supports demand for our membrane-based water treatment products in our manufacturing segment. We believe that our extensive experience manufacturing large-scale membrane-based water treatment systems, as well as our location in Fort Pierce, Florida, position us well to continue growing that part of the business in the Florida market.

Frederick McTaggart

We believe all these factors will positively impact 2026 and 2027 revenues. As we previously announced last year, we were awarded through PERC, two water treatment plant construction projects, including a $3.9 million drinking water plant expansion in Colorado and an $11.7 million wastewater recycling plant in Northern California. Both projects are progressing well, the remaining revenue of more than $13 million, attributable to these projects, is expected to be realized primarily this year in 2026. The drinking water plant expansion in Colorado is a good start and helps us to pursue other design and or build opportunities in Colorado. We recently bid a smaller project with the same Colorado customer for work on their wastewater plant, we are awaiting the results of this bidding process.

Frederick McTaggart

In California, although the number of new O&M opportunities is less than in the previous two years, there are a few interesting O&M as well as design-build opportunities that PERC Water is following, and we have a pipeline of potential projects for which we are in the process of submitting our qualifications and experience. PERC Water's Customized Design Report, or CDR, delivers comprehensive project-specific plans for water infrastructure, incorporating life cycle costs, schedule, and performance metrics. These reports ensure cost, schedule, and water quality certainty utilizing PERC Water's trademark CDR approach to minimize risk and optimize plant performance for clients. In Arizona, PERC continues to use the CDR program to pursue several design-build opportunities for developers in the Phoenix metropolitan area.

Frederick McTaggart

As was the case with the Liberty Utilities project in Arizona a few years ago, we believe that some or all of these CDRs will ultimately lead to a design-build contract for these important wastewater treatment facilities. We've received very positive feedback on outstanding CDRs, as well as continued positive feedback from the developer market in general. We're optimistic that these will lead to new projects. In Hawaii, our construction service segment revenue is anticipated to remain below the record achieved in 2023 until the initiation of the construction of the 1.7 million gallon per day desalination plant in Kalaeloa, Hawaii, for the Honolulu Board of Water Supply. We continue to focus on the permitting process and respond to regulatory inquiries and coordinate with the Honolulu Board of Water Supply to mitigate schedule impacts.

Frederick McTaggart

Although we're still unable to provide a firm construction start date for the project, we made some progress to obtain a key permit for the project and are encouraged by recent meetings with the responsible governmental authority. The deferral of construction activities has shifted anticipated revenue recognition and associated cash flows related to this Hawaii project into future periods. We continue to anticipate that construction of the project will commence later this year, and we see the construction phase of this major project substantially adding to our revenue and earnings growth in later reporting periods. Looking ahead, we remain excited about CWCO's future for many reasons. At the macro level, growing water scarcity continues to build interest in advanced treatment and reuse and desalination solutions to utilize impaired water sources such as wastewater and brackish groundwater.

Frederick McTaggart

As water supply challenges increase, there is a rising demand for our specialized capabilities. We expect our diversified business to continue to deliver strong year-over-year results to shareholders, supported by our Grand Cayman retail operations, stable recurring revenue from our Caribbean bulk water business, and growth opportunities in our U.S. manufacturing and design-build and O&M businesses. With global demand for clean water rising, our strong balance sheet positions us to act quickly on desalination and water infrastructure opportunities in the Caribbean and North America, as well as potential strategic acquisitions or partnerships. In particular, we are actively looking at acquisitions to help us replicate PERC's very successful design-build business in the Florida market. As we move forward in 2026 and beyond, we anticipate that all of these factors will continue to support our long-term growth, enhance future profitability, and further strengthen shareholder value.

Frederick McTaggart

Now, with that, Danish, I'd like to open the call up for questions.

Operator

Thank you. We will now begin the question and answer session. At this time, we will pause momentarily to assemble our roster. Our first question come from Gerry Sweeney from ROTH Capital. Please go ahead.

Gerard Sweeney

Good morning, Frederick and David. Thanks for taking my call.

Frederick McTaggart

Hey, Gerry. Good morning.

Gerard Sweeney

On the Hawaii desalination plant, as much as you can discuss, you know, the delays, I'm assuming it's around some of the permitting that you discussed previously. I just wanted to see if that is still the case, and this is just general friction that occurs in some of these permitting processes, or if there's anything else we should be aware of that may be slowing things down.

Frederick McTaggart

I wouldn't say there's any friction. It's just taken a painfully long time to get through this process with one particular permit. That permit is a prerequisite for a number of other important permits. We don't see any like, problems other than the delay. I mean, they haven't come back to us and said that we have to make changes to the project or anything like that at this point.

Gerard Sweeney

Got it.

Frederick McTaggart

I mean, that's all I got for you, Gerry. I mean, it's just taken a long time to get through this one agency.

Gerard Sweeney

Yeah. I apologize. I didn't mean the friction with anybody. It's just generally the permitting problem. The permitting process sometimes is just slow in general. I apologize for my use of words there. On the manufacturing side, you know, you expanded the facility. You talked a little bit about, you know, burgeoning or growing opportunity in Florida. How should we look at that as an opportunity and maybe going forward and with some of the Hawaii plant being manufactured there? Is there more capacity they can grow into and grow this business, or will it be a little bit capacity constrained because of the Hawaii opportunity?

Frederick McTaggart

Well, you know, I mean, since we try to plan out when we build these units, just to give you a little background, we needed the expansion. We diversified our business over the last few years away from manufacturing these repetitive number of products for the nuclear industry, which don't, I mean, they take up some room, but not the amount of room on the manufacturing floor that these municipal projects take when we're assembling large RO skids and that sort of thing. We think that we have sufficient capacity to certainly grow beyond, you know, the revenues that we achieved last year. The Hawaii project is, I mean, that's just, it's part of the deal. I mean, we have to program that in.

Frederick McTaggart

Unfortunately, we can't recognize those revenues in the manufacturing segment, but they will be recognized on the Hawaii project eventually. Does that answer your question?

Gerard Sweeney

No, it does. I, you know, I just was a back way of just sort of asking, you know, can you continue to grow that business and et cetera. I think the answer is yes. I think there's just some little bit of variability in some of these purchase orders that may impact the revenue. Is that also fair?

Frederick McTaggart

Absolutely. I mean, the municipal projects, it's a much longer lead time, I guess, to get those projects into the manufacturer and then start recognizing revenues. They tend to be larger purchase orders. When we get them, and we start building, the contractors are ready for us to deliver the equipment and that sort of thing over maybe a two or three-year project window, then you're gonna see those revenues hit. It's a longer lead type business, I think. There's a lot of opportunities, as I mentioned on the call, Gerry. I mean, Florida is really doing very well now in the market.

Frederick McTaggart

You know, the market's very good for us, so, you know, you should, investors should be satisfied over the medium term, on how the manufacturing business performs, so.

Gerard Sweeney

Got it. That's very helpful. Then, just one more question on the retail side. Was this year more representative in terms of rainfall and last year was low rainfall, or last year was low rainfall and this year was maybe, you know, a little bit more higher rainfall? I'm just trying to gauge what is sort of baseline.

Frederick McTaggart

I think this year is closer to representative. I think last year was incredibly dry. It was like a 30-year sort of drought there.

Gerard Sweeney

I gotcha.

Frederick McTaggart

You know, there is more rain this year. You can't really predict.

Gerard Sweeney

No, I just wanna make sure it didn't swing the other way too. Right? Got it. Then, I mean, you talked about just the overnight stays are quite going up, and I think in the past you talked about maybe there were, my words, not yours, maybe tearing down some like four-story hotels and putting up much larger ones. Is that development still going on? I mean, I know you just mentioned the opening of a new hotel last week, just in general, is there still opportunity to maybe expand some of the hotel stock by going up?

Frederick McTaggart

It's not the hotels, it's the old condominium projects that were built in the 1970s and the 1980s, and even in the early 1990s. I mean, they were all 3 stories, now they have a 10-story limit there. They're all being redeveloped. I mean, even some of the ones that are quite nice. I mean, they're redeveloping and knocking them down and then building these 10-story buildings there and utilizing that space more efficiently. There's ongoing projects all the time. One of our directors is in that industry and, you know, his indications are that it's gonna continue, so.

Gerard Sweeney

Got it. That's helpful. All right. I'll jump back to you. I appreciate it. Thanks, Rick and David.

Frederick McTaggart

Yep.

Operator

Thank you. Again, if you have a question, please press star then one. It appears we have no further question at this time. I would like to turn the call back over to Rick McTaggart for any further comments or closing remarks. Over to you, sir.

Frederick McTaggart

Thank you, Danish. Just like to thank everybody for joining us today. I look forward to speaking with you all in August again when we release our Q2 results. Take care, everybody.

Operator

Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Ladies and gentlemen, please wait. We need to read some disclaimer. I would like to remind that everyone today's call was recorded. Before we conclude today's call, I will provide some important caution regarding the forward-looking statement made by management during the call. I would like to remind everyone that today's call is being recorded and will be made available for telecom replay. Please see the instruction in yesterday's press release that has been posted to the investor relations section of the company's website. Thank you. Ladies and gentlemen, thank you. Before we conclude today's call, I would like to provide the company's safe harbor statement that includes caution regarding forward-looking statement made during today's call.

Operator

The information that we have provided in the conference call includes forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. Including but not limited to statement regarding the company future, revenue, future plan, objectives. Any forward-looking statement made during the conference call are not guarantee of future performance and involve certain risks and uncertainties and assumption which are difficult to predict. Actual outcomes and results may differ materially from what is expressed in such forward-looking statement factor that would cause or contribute to such differences included. Political and social condition of each country in which we conduct or plan to conduct business. Our relationship with the government entities and other customers we serve.

Operator

Regulatory matters, including resolution of the negotiation of the renewal of our retail license on Grand Cayman, our ability to successfully enter new markets and various other risks as detailed in the company's periodic report filing with the Securities and Exchange Commission. For more information about risks and uncertainties associated with the company business, please refer to the Management Discussion and Analysis of Financial Condition or Results of Operations and Risk Factors section of the company's section filing, including but not limited to its annual report on Form 10-K and quarterly report on Form 10-Q. Any forward-looking statement made during the conference call speak as of today's date.

Operator

The company expressly disclaim any obligation or undertaking or to update or revise any forward-looking statements made during the conference call to reflect any changes it is in expectation with the regard thereto or any changes it is event, condition or circumstances of which any forward-looking statement is based except as required by law. I would like to remind everyone that this call will be available for replay starting later this evening. Please refer to yesterday's earnings release for dial-in replay instruction available via the company website at cwco.com. Thank you for attending to this today's presentation. This concludes our conference call. You may now disconnect.

Investor releaseQuarter not tagged2026-05-06

Gear Up for Consolidated Water (CWCO) Q1 Earnings: Wall Street Estimates for Key Metrics

Zacks

In its upcoming report, Consolidated Water (CWCO) is predicted by Wall Street analysts to post quarterly earnings of $0.27 per share, reflecting a decline of 12.9% compared to the same period last year. Revenues are forecasted to be $33.4 million, representing a year-over-year decrease of 0.9%. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective. That said, let's delve into the average estimates of some Consolidated Water metrics that Wall Street analysts commonly model and monitor. Analysts' assessment points toward 'Revenue- Manufacturing' reaching $4.93 million. The estimate suggests a change of -15.3% year over year. The collective assessment of analysts points to an estimated 'Revenue- Services' of $10.81 million. The estimate suggests a change of +7.2% year over year. The combined assessment of analysts suggests that 'Revenue- Retail' will likely reach $9.39 million. The estimate points to a change of -0.3% from the year-ago quarter. According to the collective judgment of analysts, 'Revenue- Bulk' should come in at $8.29 million. The estimate indicates a change of -1.5% from the prior-year quarter. View all Key Company Metrics for Consolidated Water here>>> Consolidated Water shares have witnessed a change of -3.3% in the past month, in contrast to the Zacks S&P 500 composite's +10.3% move. With a Zacks Rank #5 (Strong Sell), CWCO is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Rese...

Investor releaseQuarter not tagged2026-04-27

Consolidated Water Sets Investor Conference Call to Discuss First Quarter 2026 Results on Tuesday, May 12, 2026 at 11:00 a.m. ET

GlobeNewswire

GEORGE TOWN, Cayman Islands, April 27, 2026 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water treatment plants, will hold a conference call on Tuesday, May 12, 2026 at 11:00 a.m. Eastern time to discuss its results for the first quarter ended March 31, 2026. The financial results will be issued in a press release prior to the call. Consolidated Water management will host the call, followed by a question-and-answer period. Date: Tuesday, May 12, 2026 Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time) Toll-free dial-in number: 1-844-875-6913 International dial-in number: 1-412-317-6709 Participant web phone: click here Conference ID: 3191190 Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you require any assistance connecting with the call, please contact Encore at 1-949-432-7450. A replay of the call will be available after 1:00 p.m. Eastern time on the same day through May 19, 2026, as well as available for replay via the Investors section of the Consolidated Water website at www.cwco.com. Toll-free replay number: 1-855-669-9658 International replay number: 1-412-317-0088 Replay ID: 3191190 About Consolidated Water Co. Ltd. Consolidated Water Co. Ltd. develops and operates advanced water treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment. For more information, visit cwco.com. Company Contact: David W. Sasnett Executive Vice President and CFO Tel (954) 509-8200 Email Contact Investor & Media Contact: Ron Both or Grant Stude Encore Investor Relations Tel (949) 432-7450 Email Contact

Investor releaseQuarter not tagged2026-03-21

Consolidated Water Co Ltd (CWCO) Q4 2025 Earnings Call Highlights: Navigating Revenue ...

GuruFocus.com

This article first appeared on GuruFocus. Total Revenue: $132.1 million, a slight decrease of 1% from 2024. Retail Revenue: Increased 6.6% to $33.6 million. Bulk Segment Revenue: Decreased less than 1% due to a decline in energy prices. Services Segment Revenue: Decreased due to completion of major projects and permitting delays, partially offset by a 9% increase in O&M contracts revenue. Manufacturing Segment Revenue: Increased by 6% to $18.7 million. Gross Profit: $48.4 million, representing 30% of total revenue. Net Income from Continuing Operations: $18.6 million or $1.16 per diluted share. Net Income Including Discontinued Operations: $18.3 million or $1.14 per diluted share. Cash and Cash Equivalents: $123.8 million as of December 31, 2025. Working Capital: $141.9 million as of December 31, 2025. Stockholders' Equity: $221.7 million. Quarterly Cash Dividends: Increased by 27.3% to $0.14 per share. Warning! GuruFocus has detected 2 Warning Sign with CWCO. Is CWCO fairly valued? Test your thesis with our free DCF calculator. Release Date: March 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Consolidated Water Co Ltd (NASDAQ:CWCO) achieved significant project milestones for the Hawaii desalination project, including successful pilot testing and design completion. The company's retail water operations in Grand Cayman experienced growth due to increased population and low rainfall, resulting in record water sales. Gross profit increased across all business segments, reflecting strong attention to efficiency and cost control. The manufacturing segment improved revenue and gross margin, supported by the completion of a new facility and focus on higher-margin products. CWCO increased its quarterly cash dividends by 27.3% to $0.14 per share, demonstrating a commitment to returning value to shareholders. Services segment revenue decreased due to permitting delays in the Hawaii project and completion of major projects in 2024. Total revenue slightly declined by 1% compared to the previous year, primarily due to decreases in the services and bulk segments. The Hawaii project faced delays in obtaining necessary permits, impacting the timeline for construction and revenue recognition. The company experienced a decrease in Caribbean-based bulk segment revenue due to lower fuel-related charges passed throu...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook