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Dec 31, 2022
Consolidated Water Q4 2022 Earnings Report
Consolidated Water's Q4 2022 earnings increased significantly, driven by strong revenue growth across all segments.
Key Takeaways
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.
Total revenue increased by 71% to $28.4 million.
Retail revenue increased by 25% to $6.8 million.
Bulk revenue increased by 23% to $8.5 million.
Services revenue increased by 206% to $10.3 million.
Consolidated Water
Consolidated Water
Consolidated Water Revenue by Segment
Consolidated Water Revenue by Geographic Location
Forward Guidance
Consolidated Water anticipates continued growth, driven by tourism recovery in Grand Cayman, ongoing construction projects, and increased bidding activity in the U.S. and Caribbean.
Positive Outlook
- Continued recovery of tourism in Grand Cayman.
- Ongoing construction projects in Grand Cayman and the U.S.
- Increased project bidding activity in the U.S. and the Caribbean.
- More than $150 million in major multi-year projects secured in 2022 expected to positively impact future earnings.
- Positive outlook for continued growth in the services segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income