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) reported strong second-quarter results for 2022, with total revenue up 26% year-over-year to $21.1 million. Key segments saw revenue growth: retail revenue increased 15%, bulk revenue rose 26%, and services revenue grew 34%. Net income attributed to stockholders was $2.7 million, or $0.18 per share. The company announced a significant $82 million wastewater project in Arizona and a $20 million desalination plant project in the Cayman Islands, enhancing revenue prospects. Cash equivalents stood at $49.1 million, reflecting strong operational cash flow.
Consolidated Water Co. Ltd. (CWCO) will announce its second-quarter results for the period ending June 30, 2022, in a press release before a conference call scheduled for August 12, 2022, at 11:00 a.m. Eastern time. This call will include a management discussion followed by a Q&A session. Interested participants can join using the toll-free number 1-844-875-6913 or the international line 1-412-317-6709. A replay will be accessible on the company’s website after 1:00 p.m. Eastern time on the same day, lasting until August 19, 2022.
Consolidated Water Co. Ltd. (NASDAQ: CWCO) announced a quarterly cash dividend of $0.085 per share. The dividend is payable on July 29, 2022, to shareholders on record as of July 1, 2022. The company specializes in developing and operating water supply and treatment plants across regions like the Cayman Islands, The Bahamas, and the British Virgin Islands.
Founded with a focus on advanced water solutions, Consolidated Water provides comprehensive services in water production, supply, and treatment.
Consolidated Water Co. Ltd. (CWCO) announced that its subsidiary, PERC Water Corporation, signed an agreement to construct a wastewater treatment facility with a capacity of four million gallons per day for Liberty Utilities in Goodyear, Arizona. The project is valued at approximately $82 million and is expected to be completed in 26 months. The facility aims to meet the growing demand in the region and will enable additional reclaimed water usage, promoting water conservation efforts.
Consolidated Water Co. Ltd. (CWCO) reported a 14% increase in Q1 2022 revenue, totaling $19.6 million, driven by strong growth in retail, bulk, and services sectors. Net income rose to $2.3 million or $0.15 per share. Cash reserves grew to $43.1 million, with minimal debt. The company secured significant contracts, including a $20 million seawater desalination project, and benefited from a rebound in tourism as COVID-19 restrictions eased. Despite challenges in the manufacturing segment due to global supply issues, the overall outlook remains optimistic, bolstered by a solid financial position.
Consolidated Water Co. Ltd. (CWCO) has signed a definitive agreement with the Cayman Islands Water Authority to build a seawater reverse osmosis plant in George Town. The facility, designed to produce 2.64 million gallons of potable water daily, is expected to generate approximately $20 million in revenue over 11.5 years. Construction is projected to take 18 months, with the plant becoming the ninth desalination plant on Grand Cayman. The construction fee and operating fees will adjust for inflation, bolstering future revenue estimates.
Consolidated Water Co. Ltd. (CWCO) will host a conference call on May 13, 2022, at 11:00 a.m. Eastern time to discuss its Q1 2022 financial results, concluding on March 31, 2022. The call will be managed by company executives and will include a question-and-answer session. Interested participants can join using the provided toll-free or international dial-in numbers. A replay will be available post-conference through the company's website until May 20, 2022.
Consolidated Water operates water supply and treatment facilities across several Caribbean regions and the U.S.
Consolidated Water Co. Ltd. (NASDAQ: CWCO) reported its 2021 financial results, highlighting a 10.2% increase in bulk revenue to $26.8 million. Total revenue was $66.9 million, down 7.9% from 2020, attributed to declines in retail and manufacturing segments. Net income from continuing operations was $3.4 million, or $0.23 per share. Cash and equivalents stood at $40.4 million. The company anticipates a recovery in retail water sales with the return of tourism and is pursuing growth opportunities in water-short regions.
Consolidated Water Co. Ltd. (CWCO) will hold a conference call on March 30, 2022, at 11:00 a.m. Eastern time to discuss its financial results for the year ended December 31, 2021. The results will be announced in a press release prior to the call. Interested parties can dial into the call using toll-free numbers or join via the company’s website for additional details and a replay available after the call. Consolidated Water develops and operates advanced water supply and treatment facilities across several regions including the Caribbean and the U.S.
Consolidated Water Co. Ltd. (CWCO) anticipates a significant boost as tourism returns to the Cayman Islands, with the first cruise ships in two years set to arrive this month. The Cayman Islands' tourism ministry approved an initial 21 cruise ships to dock from March 21 to April 17, allowing around 75,000 passengers, approximately half of pre-COVID levels. The company's CEO stated that this resurgence is crucial for returning retail water sales to normal as tourism recovers. Recent government policy changes also eased COVID-19 restrictions, further supporting tourism recovery.
