Welcome to our dedicated page for Consolidated Water news (Ticker: CWCO), a resource for investors and traders seeking the latest updates and insights on Consolidated Water stock.
Consolidated Water Co. Ltd. (CWCO) specializes in advanced desalination and water infrastructure solutions for regions facing water scarcity. This page serves as the definitive source for official news and developments from the global leader in reverse osmosis technology.
Investors and industry stakeholders will find timely updates on quarterly earnings, government contract awards, and engineering project milestones. Our curated feed includes announcements about new desalination plant operations, manufacturing innovations, and strategic expansions across the Caribbean and Southeast Asia.
All content is sourced directly from company filings and verified channels, providing reliable insights into CWCO's retail water operations, bulk supply agreements, and infrastructure management services. Bookmark this page to monitor how the company addresses critical water challenges through sustainable technology and decades of operational expertise.
Consolidated Water Co. Ltd. (CWCO), a notable provider of water treatment solutions, announced the passing of long-time director Richard L. Finlay on March 14, 2023, due to a brief illness. Finlay, who joined the board in 1995, played a crucial role in guiding the company from a local utility to a multinational entity serving millions across the Caribbean and the U.S. The company's chairman expressed deep condolences for Finlay's loss, highlighting his legal expertise and dedication to the board. Consolidated Water continues to focus on developing and operating water treatment plants and distribution systems in multiple regions.
Consolidated Water Co. Ltd. (CWCO) reported its 2022 financial results, achieving a record revenue of $94.1 million, up 41% year-over-year. Key drivers include a 206% surge in services revenue and a 71% increase in fourth-quarter total revenue. Net income from continuing operations rose 138% to $8.2 million, reflecting robust performance across segments and a cash dividend of $0.085 per share. Major contracts secured include an $82 million project in Arizona and a $20 million seawater desalination plant in the Cayman Islands. The company is optimistic about future growth trends in tourism and substantial multi-year projects valued over $150 million.
Consolidated Water Co. Ltd. (CWCO) will hold a conference call on March 31, 2023, at 11:00 a.m. Eastern time, to discuss its 2022 financial results. A press release detailing these results will be issued prior to the call. Interested parties can participate via a toll-free number or internationally, with a replay available post-call through April 7, 2023. Consolidated Water specializes in developing and operating advanced water treatment facilities, primarily in the Cayman Islands, The Bahamas, and British Virgin Islands. The company is dedicated to providing essential water services and has manufacturing capabilities related to water production and treatment.
Consolidated Water Co. Ltd. (CWCO) has been invited to the 35th Annual ROTH Conference from March 12-14, 2023, at The Ritz Carlton in Laguna Niguel, California. CEO Rick McTaggart, along with EVP and COO Ramjeet Jerrybandan, will engage in one-on-one meetings with investors and analysts. The management will highlight future growth drivers, including over $150 million in major multi-year projects secured in the previous year. In Q3 2022, the company reported a 53% revenue increase to $25.1 million and a net income of $824,000 ($0.05 per share). CWCO also announced a quarterly dividend of $0.085, payable on April 3, 2023.
