Consolidated Water Earnings Reports

Consolidated Water saw a decline in revenue due to the completion of major construction projects, but recurring operations and maintenance revenue grew significantly.

Consolidated Water Co. Ltd. reported a 33% decrease in total revenue to $33.4 million for the third quarter of 2024, primarily due to the completion of two major construction projects. This decline was partially offset by increases in retail and bulk revenue. Net income attributable to company stockholders was $4.5 million, or $0.28 per diluted share, compared to $8.6 million, or $0.54 per diluted share, in the same period last year.

Consolidated Water Co. Ltd. reported a decrease in total revenue by 27% to $32.5 million for Q2 2024. However, net income attributable to company stockholders increased to $15.9 million, or $0.99 per diluted share, compared to $7.3 million, or $0.46 per diluted share, in the same period last year, driven by a $12.1 million gain from the sale of a discontinued project in Mexico. Retail revenue saw an increase, while services revenue declined due to lower construction revenue.

Consolidated Water Co. Ltd. reported a strong first quarter in 2024, with a 21% increase in revenue to $39.7 million. This growth was driven by increases in the retail, services, and manufacturing segments. Net income from continuing operations attributable to company stockholders was $6.9 million, or $0.43 per diluted share, compared to $4.1 million, or $0.26 per diluted share, in the first quarter of 2023.

Consolidated Water Co. Ltd. reported a strong financial performance for the full year ended December 31, 2023, with revenue up 92% to $180.2 million and net income from continuing operations attributable to company stockholders reaching $30.7 million, or $1.93 per diluted share.

Consolidated Water Co. Ltd. reported a 99% increase in revenue to $49.9 million for the third quarter of 2023, driven by strong growth across its services, retail water, and manufacturing business segments. Net income attributable to Consolidated Water stockholders was $8.6 million, or $0.54 per diluted share, compared to $0.3 million, or $0.02 per diluted share, for the same period last year.

Consolidated Water Co. Ltd. reported a strong second quarter with a 110% increase in revenue to $44.2 million and net income of $7.3 million, or $0.46 per diluted share. The growth was driven by strong performance across all four business segments, particularly the services segment, and the progress of the water treatment plant construction in Goodyear, Arizona.

Consolidated Water reported a strong first quarter with a 68% increase in revenue to $32.9 million, driven by growth across all business segments. Net income attributable to Consolidated Water Co. Ltd. stockholders was $3.8 million, or $0.24 per basic and fully diluted share.

Consolidated Water Co. Ltd. reported a 71% increase in total revenue for Q4 2022, reaching $28.4 million. The company's financial position remains strong, with $50.7 million in cash and cash equivalents.

Consolidated Water Co. Ltd. reported a strong third quarter with a 53% increase in total revenue, driven by growth in retail, bulk, and services segments. However, net income was impacted by higher general and administrative expenses.

Consolidated Water Co. Ltd. reported a 26% increase in total revenue to $21.1 million for the second quarter ended June 30, 2022. Net income from continuing operations attributable to company stockholders was $2.7 million, or $0.18 per share.

Consolidated Water Co. Ltd. reported a 14% increase in total revenue to $19.6 million for the first quarter ended March 31, 2022, driven by improvements in the retail, bulk, and services segments. Net income from continuing operations attributable to company stockholders was $2.3 million, or $0.15 per share.

Consolidated Water Co. Ltd. reported results for the year ended December 31, 2021, with revenue at $66.9 million and net income from continuing operations attributable to company stockholders at $3.4 million or $0.23 per share.

Consolidated Water Co. Ltd. reported a 7% decrease in revenue for the third quarter of 2021, totaling $16.4 million compared to $17.7 million in the same period last year. This decline was attributed to decreases in the services and manufacturing segments, which was partially offset by increases in the retail and bulk segments. Net income attributable to Consolidated Water stockholders was $286,000, or $0.02 per basic and fully diluted share, compared to $1.4 million, or $0.09 per basic and fully diluted share, for the third quarter of 2020.

Consolidated Water Co. Ltd. reported a decrease in revenue for the second quarter of 2021, totaling $16.7 million, a 13% decline compared to the same period last year. This decrease was primarily due to the impact of the global pandemic on the retail segment and reduced orders from a major customer in the manufacturing segment, partially offset by improved performance in the bulk water and services segments. The company reported a net loss attributable to Consolidated Water stockholders of $1.7 million or $(0.11) per basic and fully diluted share.

Consolidated Water reported a decrease in total revenue for Q1 2021 to $17.1 million, compared to $20.7 million in Q1 2020. Net income from continuing operations attributable to Consolidated Water stockholders was $1.3 million, or $0.08 per basic and fully diluted share, down from $3.2 million, or $0.21 per share in the same quarter last year. The services segment showed growth, but retail, bulk, and manufacturing segments experienced declines.

Consolidated Water Co. Ltd. reported a 6% increase in revenue to $72.6 million for the year 2020. The company's net income was $8.6 million, or $0.56 per diluted share. Cash and cash equivalents totaled $43.8 million as of December 31, 2020.

Consolidated Water Co. Ltd. reported an 11.2% increase in revenue to $17.7 million for Q3 2020, driven by growth in the services and manufacturing segments, which was partially offset by a decrease in the retail and bulk segments. Net income from continuing operations was $1.8 million, or $0.12 per share.

Consolidated Water Co. Ltd. reported a 4% increase in revenue to $19.1 million for Q2 2020. However, the company experienced a net loss attributable to Consolidated Water stockholders of $1.1 million, or $(0.07) per basic and fully diluted share, compared to a net income of $2.5 million, or $0.16 per share, in the year-ago quarter. The decrease was due to a $3.0 million loss on asset dispositions and impairments.

Consolidated Water Co. Ltd. reported a 22% increase in revenue to $20.7 million for Q1 2020, driven by the acquisition of PERC Water and growth in the retail and manufacturing segments. Net income attributable to Consolidated Water stockholders decreased by 53% to $2.9 million, or $0.19 per share, due to the gain on the sale of discontinued Belize operations in Q1 2019.

Consolidated Water reported a record year in 2019, driven by strong progress across its business segments. Revenue increased by 5% to $68.8 million, and net income rose by 8% to $12.2 million. The company saw growth in its retail and manufacturing segments, along with the acquisition of PERC Water expanding its services offerings. Increased cash balances and working capital further strengthened the company's financial position.