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Consolidated Water Co Ltd (CWCO)
NASDAQ:CWCO
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.43Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: -17.26%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook. While there are significant achievements such as record water sales, increased recurring revenue, and a strong balance sheet, these are offset by declines in overall revenue, net income, and bulk segment revenue. The company's expansion plans and future projects provide potential for growth, but the current financial figures indicate challenges that need addressing.Company Guidance
During the call, Consolidated Water Company discussed their 2024 fiscal year results, highlighting a total revenue of $134 million, down from $180 million in 2023, primarily due to a $47 million decrease in service segment revenue following the completion of major construction projects. Retail revenue increased by $1.6 million to $31.7 million, driven by a 4.5% rise in water volume sold, reflecting a 4.3% increase in customer accounts. Bulk segment revenue slightly declined from $34.6 million to $33.7 million, impacted by lower energy prices in the Bahamas. Recurring revenue in the services segment rose by 51% to $29.3 million, bolstered by the acquisition of REC in Colorado. Net income from continuing operations was $17.9 million or $1.12 per diluted share, while total net income reached $28.2 million or $1.77 per diluted share. The company's cash equivalents increased significantly by $57 million to $99.4 million, with working capital reaching $132.8 million. Looking forward, the company plans capital expenditures of approximately $10.3 million in 2025 and anticipates significant future revenue from ongoing projects, such as the $204 million desalination project in Hawaii.Record Volume of Water Sold
The retail water sales in Grand Cayman reflected a record volume of water sold to a record number of customers, driven by ongoing growth in population and business activity.
Significant Increase in Recurring Revenue
Recurring revenue from operations and maintenance contracts increased by 51% to $29.3 million, mainly due to contributions from the new REC subsidiary in Colorado and additional contracts by PERC Water.
Strong Balance Sheet
Cash equivalents increased by $57 million during the year to a total of $99.4 million, with stockholders' equity at $210 million and practically no debt on the balance sheet.
Expansion and Growth Potential
The company is expanding its West Bay plant and manufacturing facility to support future growth and improve margins. The Hawaii seawater desalination project is advancing and expected to significantly impact revenue and earnings in 2026 and 2027.
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CWCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 17, 2025 | $28.97 | $27.03 | -6.70% |
| Nov 14, 2024 | $24.40 | $25.54 | +4.67% |
| Aug 14, 2024 | $26.24 | $26.53 | +1.11% |
| May 15, 2024 | $28.39 | $27.49 | -3.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Consolidated Water Co Ltd (CWCO) report earnings?
Consolidated Water Co Ltd (CWCO) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Consolidated Water Co Ltd (CWCO) earnings time?
Consolidated Water Co Ltd (CWCO) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWCO EPS forecast?
CWCO EPS forecast for the fiscal quarter 2025 (Q1) is 0.22.
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