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. (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.
Consolidated Water Co. Ltd. (CWCO) announced a conference call on November 17, 2020, at 11:00 a.m. ET to discuss its third quarter financial results for the period ending September 30, 2020. Investors can access the financial results through a press release prior to the call. The call will include a question-and-answer session. Replays of the call will be available until November 24, 2020. The company operates advanced water supply and treatment plants in various regions, including the Cayman Islands and the U.S.
Consolidated Water Co. Ltd. (CWCO) has announced the time and location for its 2020 annual general meeting of shareholders, set for November 18, 2020, at 3:00 p.m. Eastern time in Coral Springs, FL. Shareholders can attend in person or virtually via this link. Only holders of record as of September 15, 2020, are eligible to vote on meeting proposals. The company encourages virtual attendance for health and safety reasons. Relevant documents are accessible through the SEC and the company’s website.
Consolidated Water Co. Ltd. (CWCO) has been invited to present at the Janney Virtual Utilities Conference on September 16, 2020. President and CEO Rick McTaggart and CFO David Sasnett will engage with institutional analysts and investors in one-on-one virtual meetings to discuss business operations and growth opportunities, including the impact of COVID-19 and the recent acquisition of PERC Water.
The company operates advanced water supply systems in the Cayman Islands, Bahamas, and the U.S., focusing on innovative solutions for water treatment.
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.