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Consolidated Water Co Ltd (CWCO)
NASDAQ:CWCO
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.65Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 1.42%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The call highlighted strong growth in specific segments such as retail revenue and manufacturing profit, a solid balance sheet, and promising project developments in Hawaii and the Bahamas. However, these positive developments were somewhat offset by a significant decrease in overall revenue, a decline in net income, and losses in discontinued operations.Company Guidance
During the third quarter of 2024 earnings call for Consolidated Water Company (CWCO), key financial metrics and future guidance were discussed. The company reported a revenue of $33.4 million, a 33% decrease from the same quarter last year, primarily due to a $20.6 million drop in construction revenue following the completion of major projects. Net income from continuing operations was $5 million, or $0.31 per diluted share, down from $8.8 million, or $0.55 per share, in the third quarter of 2023. Retail revenue increased by 4.2%, driven by more customer connections in Grand Cayman. In the Bulk segment, revenue from operations and maintenance contracts rose by 49%. The company continues to develop a $147 million seawater desalination project in Hawaii, with construction expected to begin in late 2025. The balance sheet remains robust with $104.9 million in cash, minimal debt, and $209.8 million in stockholders' equity. Looking ahead, CWCO anticipates growth through ongoing projects in the Bahamas and potential expansions in Grand Cayman, while also exploring opportunities for acquisitions.Retail Revenue Growth
Retail revenue increased due to a 4.2% increase in the volume of water sold, and a 4.8% increase in the number of customer connections in the license area.
Strong Balance Sheet
The company maintains a healthy level of liquidity with $104.9 million in cash and cash equivalents and a working capital of $133.9 million.
Manufacturing Segment Profit Growth
Despite a slight decline in revenue, the manufacturing segment's gross profit grew by 84%, reaching $1.6 million due to a focus on higher-margin products.
Hawaii Desalination Project Progress
Advancement on the $147 million project to design, construct, operate, and maintain a seawater desalination plant in Honolulu, Hawaii, with construction expected to start in late next year.
Expansion in the Bahamas
Progressing on a $7 million agreement to design, build, own, operate, and finance two seawater desalination plants on Cat Island in the Bahamas.
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CWCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $24.62 | $25.77 | +4.67% |
| Aug 14, 2024 | $26.47 | $26.76 | +1.10% |
| May 15, 2024 | $28.64 | $27.73 | -3.18% |
| Mar 27, 2024 | $29.82 | $29.08 | -2.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Consolidated Water Co Ltd (CWCO) report earnings?
Consolidated Water Co Ltd (CWCO) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Consolidated Water Co Ltd (CWCO) earnings time?
Consolidated Water Co Ltd (CWCO) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWCO EPS forecast?
CWCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.28.
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