Welcome to our dedicated page for Consolidated Water Co news (Ticker: CWCO), a resource for investors and traders seeking the latest updates and insights on Consolidated Water Co stock.
Consolidated Water Co. Ltd., trading under the symbol CWCO, is a premier developer and operator of seawater desalination plants and water distribution systems. The company was founded in 1973 and has since expanded from its Cayman Islands origins to a robust international presence. Consolidated Water operates in the Cayman Islands, Belize, the British Virgin Islands, the Commonwealth of the Bahamas, and Bali, Indonesia, ensuring access to potable water in regions where it is scarce or unavailable.
With over 35 years of expertise, Consolidated Water specializes in Sea Water Reverse Osmosis (SWRO) technology. The company's operations are divided into three main segments:
- Retail Water Operations: Provides water utility services to the Seven Mile Beach and West Bay areas of Grand Cayman Island.
- Bulk Water Operations: Supplies potable water to government utilities in the Cayman Islands and The Bahamas under long-term contracts.
- Engineering & Management Services: Designs, constructs, and sells water infrastructure, offering management and operating services to third parties.
In addition to these core segments, Consolidated Water also has a manufacturing division that produces and services a variety of specialized water-related products for commercial, municipal, and industrial water production and treatment applications.
Consolidated Water recently made headlines with its strategic acquisition of Ramey Environmental Compliance (REC) for $4.2 million in cash, expanding its footprint into Colorado. REC serves over 100 water and wastewater treatment customers, marking a significant growth opportunity for CWCO in water-stressed regions of the U.S.
On the financial front, Consolidated Water reported robust growth for Q3 2023 with revenue nearly doubling to $49.9 million, driven by increased tourist activity in Grand Cayman and significant progress in plant construction projects. The company also saw a substantial increase in net income and declared a dividend increase of 11.8% for the fourth quarter of 2023.
Continuing its expansion, the company has entered the U.S. desalination market with a contract to design, build, operate, and maintain a seawater desalination plant in Hawaii, expected to generate approximately $204 million in revenue over the project's 24-year base term.
For more detailed financial results and future projections, Consolidated Water Co. Ltd. will hold a conference call on November 10, 2023. For information on how to join the call, visit their official website at www.cwco.com.
Consolidated Water Co. Ltd. (CWCO) has announced a quarterly cash dividend of $0.085 per share, set to be paid on January 31, 2022. Shareholders of record as of January 3, 2022 will be eligible to receive this dividend. The company operates advanced water supply and treatment facilities across multiple regions, including the Cayman Islands and the United States, emphasizing its role in providing critical water resources.
Consolidated Water Co. Ltd. (CWCO), a key player in advanced water supply and treatment, will present at the Bank of America 2021 Water Conference on December 6, 2021. CEO Rick McTaggart and CFO David Sasnett will discuss the company's third quarter 2021 results and future growth opportunities, including expansion in PERC Water's recurring revenue through additional contracts. They will also address the positive impact of the Cayman Islands' tourism reopening on retail water operations.
Consolidated Water Co. Ltd. (CWCO) reported Q3 2021 results with a 7% revenue decline to $16.4 million compared to Q3 2020. Retail revenue rose 5% to $5.2 million with a slight increase in sales volume, while bulk revenue increased 13% to $6.9 million. Year-to-date revenue reached $50.2 million, down 13% year-over-year. Net income from continuing operations decreased to $1.4 million, or $0.09 per share. The company highlights an expanding backlog and improved bidding activity for water treatment projects, anticipating growth catalysts in 2022.
Consolidated Water Co. Ltd. (CWCO) announced that its subsidiary, PERC Water Corporation, received the 'Outstanding Membrane Plant Award – Large Plant' from the Southwest Membrane Operator Association for the Albert Robles Center for Water Recycling & Environmental Learning. Additionally, PERC's lead operator, Steve Sato, won the 'Outstanding Operator Award - Large Plant.' The ARC facility, operational since 2019, purifies approximately 15 million gallons of water daily, addressing severe water shortages in California and Arizona. Consolidated Water acquired PERC in October 2019.
Consolidated Water Co. Ltd. (CWCO) is set to hold a conference call on November 16, 2021, at 11:00 a.m. Eastern time to discuss financial results for Q3 2021. The results will be released before the call. Participants can join via toll-free and international numbers. A replay will be available after the call and can also be accessed on the company's website until November 23, 2021. Consolidated Water develops and operates advanced water supply and treatment plants, serving markets including the Cayman Islands and the U.S.
Consolidated Water Co. Ltd. (CWCO) will present at the Janney Water Utilities Conference on September 14, 2021. CEO Rick McTaggart and CFO David Sasnett will hold one-on-one meetings with institutional analysts and investors to discuss the company's recent second quarter 2021 results and future growth opportunities. The subsidiary, PERC Water, has shown significant performance, especially in California and Arizona, focusing on cost-effective wastewater treatment solutions amid regional drought challenges.
Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share, set to be paid on October 29, 2021. Shareholders of record must hold shares by the close of business on October 1, 2021. The company, which operates advanced water supply and treatment plants across the Cayman Islands, The Bahamas, British Virgin Islands, and the U.S., continues to strengthen its position in the water industry.
Consolidated Water reported a revenue decline of 13% in Q2 2021, totaling $16.7 million, driven by lower retail and manufacturing revenues. Retail revenue decreased by 5% to $5.7 million, while manufacturing plunged 85% due to a major customer's reduced orders. Conversely, bulk and services revenues rose, with bulk revenue increasing by 14.4% to $6.7 million. The company experienced a net loss of $1.5 million in Q2, compared to a net income of $2.6 million a year prior. As of June 30, 2021, cash reserves stood at $41.2 million, with a positive outlook for growth in the second half.
Consolidated Water Co. Ltd. (CWCO) announced a conference call on August 17, 2021, at 11:00 a.m. ET to discuss its financial results for the quarter ending June 30, 2021. Details of the call will be shared in a press release prior to the event. Participants can join using toll-free and international dial-in numbers. A replay will be available shortly after the call, lasting until August 24, 2021. Consolidated Water develops and operates water treatment and supply facilities in several regions, including the Caribbean and the U.S.
Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share, payable on July 30, 2021, to shareholders on record by July 1, 2021. The company operates advanced water supply and treatment plants across the Cayman Islands, The Bahamas, British Virgin Islands, and the United States, focusing on water production, supply, and wastewater treatment.
This dividend reflects the company's confidence in its financial health and commitment to returning value to shareholders.
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