Consolidated Water ( (CWCO) ) has released its Q4 earnings. Here is a breakdown of the information Consolidated Water presented to its investors.
Consolidated Water Co. Ltd., a prominent player in the water supply and treatment industry, specializes in designing, building, and operating advanced desalination and water treatment plants across the Cayman Islands, The Bahamas, and the United States.
In its 2024 earnings report, Consolidated Water reported a 26% decline in total revenue to $134 million, primarily due to the completion of two major construction projects. Despite this, the company saw growth in retail revenue and a significant increase in operations and maintenance revenue.
Key financial highlights include a 5% increase in retail revenue to $31.7 million, a 48% decline in services revenue to $51 million, and a net income from continuing operations of $17.9 million. The company’s cash position remains strong with $99.4 million in cash and cash equivalents. Operationally, the company achieved record water sales in Grand Cayman and advanced its Hawaii desalination project.
Looking forward, Consolidated Water remains optimistic about its growth prospects, driven by ongoing projects and strategic expansions. The company anticipates revenue growth from its Hawaii desalination project and continued expansion in water-stressed regions in the U.S., supported by a robust balance sheet.