Consolidated Water Q2 2022 Earnings Report
Key Takeaways
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.
Total revenue increased 26% to $21.1 million.
Retail revenue increased 15% to $6.5 million.
Bulk revenue increased 26% to $8.4 million.
Net income from continuing operations attributable to company stockholders was $2.7 million or $0.18 per share.
Consolidated Water
Consolidated Water
Consolidated Water Revenue by Segment
Forward Guidance
Consolidated Water sees many positive factors driving continued growth in 2022, including diminishing effects of the pandemic, return of tourism in Grand Cayman, increased project bidding activity in the United States and the Caribbean, and the dire situation in the Colorado River basin driving water utilities and agricultural users to implement extraordinary measures to meet their water demands.
Positive Outlook
- Further diminishing effects of the pandemic
- Continuing return of tourism in Grand Cayman
- Increased project bidding activity in the United States and the Caribbean
- Situation in the Colorado River basin driving water utilities to implement extraordinary measures
- All of these factors and trends will continue to drive growth across all of our business segments in the remainder of this year and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income