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. reports developments tied to its water utility, desalination, treatment, reuse, services and manufacturing businesses. The company develops and operates advanced water treatment plants and water distribution systems, including seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and water treatment and reuse facilities in the United States.
Recurring news includes segment operating results, quarterly cash dividends, investor conference activity, water infrastructure contract awards and updates on design, construction, management and operating services. Coverage also includes the company’s Cayman Islands retail utility operations, Caribbean bulk water supply activities, U.S. services work through subsidiaries such as PERC Water Corporation, and governance changes affecting the board and senior management.
Consolidated Water Co. Ltd. (NASDAQ: CWCO) has declared a quarterly cash dividend of $0.085 per share. This dividend is scheduled for payment on October 30, 2020, to shareholders of record as of October 1, 2020. The company, known for developing and operating advanced water supply and treatment plants, continues to reinforce its commitment to returning value to shareholders through consistent dividend payments, indicating confidence in its business model amid ongoing operations across the Cayman Islands, Bahamas, and British Virgin Islands.
Consolidated Water Co. Ltd. (CWCO) reported Q2 2020 revenue of $19.1 million, a 4% increase, and a 13% rise to $39.8 million for the first half. However, a net loss of $1.1 million was reported for Q2 compared to a net income of $2.5 million in Q2 2019. The company's cash reserves stood at $35 million. The growth in revenue was driven primarily by its services segment, boosted by the PERC Water acquisition. Yet, reductions in retail and bulk segments due to COVID-19 restrictions were noted. Management remains optimistic about future growth opportunities despite current challenges.
Consolidated Water Co. Ltd. (CWCO) will hold a conference call on August 17, 2020, at 11:00 a.m. ET to discuss its second quarter financial results ended June 30, 2020. The financial results will be released prior to the call. Interested parties can join via toll-free or international dial-in numbers. A replay will be available after the call and through August 24, 2020, accessible via the company's website. Consolidated Water develops and operates advanced water supply and treatment plants across several regions.