Loading...
•
Mar 31, 2022
Consolidated Water Q1 2022 Earnings Report
Consolidated Water's Q1 2022 results showed improvements across retail, bulk, and services segments, with total revenue increasing by 14% and net income from continuing operations at $2.3 million, or $0.15 per share.
Key Takeaways
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.
Total revenue increased 14% to $19.6 million.
Retail revenue increased 11% to $6.3 million.
Bulk revenue increased 18% to $7.4 million.
Services revenue increased 34% to $4.7 million.
Consolidated Water
Consolidated Water
Consolidated Water Revenue by Segment
Revenue by Segment
Retail Revenue
CapyFin.comServices Revenue
CapyFin.comManufacturing Revenue
CapyFin.com Forward Guidance
Consolidated Water is optimistic about the future, planning to expand services revenue in the wastewater reuse market, supported by a strong balance sheet and growing pipeline of potential projects.
Positive Outlook
- Strong advancements made in other areas of business resulted in an improved first quarter and set the stage for future earnings growth.
- Return of tourism to the Cayman Islands is encouraging as the country’s COVID-19 reopening plan continues.
- Experienced an 8% year-over-year increase in water sales in Grand Cayman retail service area during the first quarter of 2022.
- Bulk segment results in the quarter improved on higher revenues and continued to operate efficiently and stably.
- Plans to expand services revenue in the wastewater reuse market is supported by a strong balance sheet and growing pipeline of potential projects.
Challenges Ahead
- Manufacturing segment came in below last year’s levels, largely due to adverse global economic conditions that caused raw material and equipment delivery delays and increased costs.
- Adverse conditions also resulted in order delays from existing and prospective customers.
- Global economic conditions caused raw material and equipment delivery delays and increased costs.
- Order delays from existing and prospective customers.
- Unspecified risks detailed in the company's periodic report filings with the Securities and Exchange Commission (“SEC”).
Revenue & Expenses
Visualization of income flow from segment revenue to net income