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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) reported Q1 2021 results showing a total revenue of $17.1 million, down 17.5% from $20.7 million in Q1 2020. Services revenue increased by 13.7% to $3.5 million, accounting for 21% of consolidated revenue. Net income attributable to shareholders dropped 65.8% to $989,000, or $0.06 per share. Cash and cash equivalents stood at $42.8 million. The company expects future growth in its services segment, particularly from PERC Water contracts, amid ongoing challenges from declining retail revenue due to the pandemic.
Consolidated Water Co. Ltd. (CWCO) will hold a conference call on May 18, 2021, at 11:00 a.m. Eastern time to discuss its quarterly results ending March 31, 2021. A press release with the financial results will precede the call. Interested parties can join by dialing the toll-free number 1-844-875-6913 or the international number 1-412-317-6709, using Conference ID: 10155785. A replay of the call will be available after 1:00 p.m. on the same day via their website, www.cwco.com.
Consolidated Water Co. Ltd. (CWCO) reported a 6% revenue increase to a record $72.6 million for the year ended December 31, 2020. The services segment rose to $12.9 million due to the acquisition of a 51% interest in PERC Water. Net income attributable to stockholders fell 20.9% to $8.6 million or $0.56 per diluted share. Cash and equivalents stood at $43.8 million. The company also announced plans for continued expansion in Florida and potential acquisitions, while addressing challenges in its retail and bulk segments.
Consolidated Water Co. Ltd. (CWCO) will host a conference call on April 1, 2021, at 11:00 a.m. Eastern time to discuss its financial results for the year ending December 31, 2020. The call will include a Q&A session following the management's presentation. Interested parties can join via toll-free (1-844-875-6913) or international (1-412-317-6709) numbers. A replay will be available post-call through April 8, 2021. Consolidated Water specializes in developing and operating advanced water supply and treatment facilities across various regions, including the Cayman Islands and the United States.
Consolidated Water Co. Ltd. (CWCO) has been invited to present at the 33rd Annual ROTH Growth Conference, scheduled for March 15-17, 2021. The virtual event will host presentations from over 550 companies, attracting more than 5,000 investors and analysts. CEO Rick McTaggart and CFO David Sasnett will engage in one-on-one meetings, discussing the company’s performance during COVID-19 and growth opportunities following the acquisition of PERC Water Corporation in California. For registration details, interested parties can contact ROTH representatives.
Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share, payable on April 30, 2021, to shareholders of record as of April 1, 2021. This decision reflects the company's ongoing commitment to return value to its shareholders while maintaining its position as a leading developer and operator of advanced water supply and treatment plants in the Caribbean and the United States. Consolidated Water continues to operate its facilities in the Cayman Islands, The Bahamas, and the British Virgin Islands, as well as providing a range of services in the water treatment sector.
Consolidated Water Co. Ltd. (CWCO) will participate in G.research's 31st Annual Pump, Valve & Water Symposium on February 25, 2021. The virtual event will include company presentations, fireside chats, and one-on-one meetings focused on infrastructure spending and global energy markets. Consolidated Water's CEO, Rick McTaggart, and CFO, David Sasnett, are scheduled to present at 4:00 p.m. Eastern time, discussing the company's Q3 2020 results and its acquisition of PERC Water. The presentation will be available for live streaming and replay on their website.
Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share. This dividend is set to be paid on February 1, 2021, to shareholders who are recorded by the end of the business day on January 4, 2021. Operating water supply and treatment facilities across the Cayman Islands, Bahamas, and British Virgin Islands, the company emphasizes its commitment to sustainable water management. Shareholders can look forward to regular dividends, showcasing the company's steady income potential.
Consolidated Water Co. Ltd. (CWCO) will present at the Bank of America 2020 Water Conference on December 10-11, 2020. President and CEO Rick McTaggart, along with CFO David Sasnett, will engage in virtual meetings with institutional analysts and investors. The company reported a revenue increase of 11.2% to $17.7 million for Q3 2020, marking a return to profitability. Additionally, they will discuss their new PERC Water subsidiary, which focuses on water treatment infrastructure in North America.
Consolidated Water Co. Ltd. (CWCO) reported Q3 2020 revenue of $17.7 million, up 11.2% YoY, with net income from continuing operations at $1.8 million, down from $2.3 million in Q3 2019. For the first nine months, revenue increased 12.3% to $57.5 million, while net income decreased to $7.6 million from $8.6 million YoY. The company faced a decline in its retail segment due to COVID-19 impacts on tourism but benefited from growth in its services segment, particularly through its PERC Water subsidiary. Cash reserves increased to $38.2 million, supporting ongoing operations.
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