Consolidated Water Q1 2021 Earnings Report
Key Takeaways
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.
Total revenue reached $17.1 million.
Services revenue increased by 13.7% to $3.5 million.
Bulk segment gross profit rose by 11.5% to $2.1 million.
Net income from continuing operations attributable to Consolidated Water stockholders was $1.3 million, or $0.08 per share.
Consolidated Water
Consolidated Water
Consolidated Water Revenue by Segment
Forward Guidance
Consolidated Water expects to use its strong balance sheet to expand its business through organic growth, acquisitions, and new projects, broadening its water solution offerings and market area.
Positive Outlook
- Expand business through organic growth
- Expand business through acquisitions
- Expand business through new projects
- Broadening water solution offerings
- Broadening market area
Revenue & Expenses
Visualization of income flow from segment revenue to net income