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Dec 31, 2023
Consolidated Water Q4 2023 Earnings Report
Consolidated Water's Q4 2023 earnings were reported with a 92% increase in revenue and a net income of $30.7 million.
Key Takeaways
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.
Total revenue increased by 92% to $180.2 million.
Retail revenue grew by 16% to $30.2 million.
Services revenue surged by 240% to $98.0 million.
Net income from continuing operations attributable to company stockholders was $30.7 million, or $1.93 per diluted share.
Consolidated Water
Consolidated Water
Consolidated Water Revenue by Segment
Revenue by Segment
Retail Revenue
CapyFin.comBulk Water Revenue
CapyFin.comServices Revenue
CapyFin.comManufacturing Revenue
CapyFin.com Forward Guidance
Consolidated Water remains optimistic about its growth prospects, believing its efficient treatment plant designs and operational capabilities are superior. The company anticipates completing the Hawaii project's piloting, design, and permitting phases, with construction expected to commence in Q3 2025.
Positive Outlook
- Exceptional operational performance over the past several years.
- The company's designs are highly efficient and aesthetically pleasing.
- World-class operating and maintenance capabilities.
- Innovative project delivery models offer a competitive advantage.
- Bidding activity for O&M contracts and design-build projects has been robust.
Challenges Ahead
- Arizona and Cayman projects are winding down this quarter.
- The company faces risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
- The company's relationships with the governments of the jurisdictions in which it operates could change.
- The outcome of its negotiations with the Cayman government regarding a new retail license agreement is uncertain.
- The collection of its delinquent accounts receivable in the Bahamas is not guaranteed.
Revenue & Expenses
Visualization of income flow from segment revenue to net income