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 (NASDAQ: CWCO), a designer, builder and operator of advanced water supply and treatment plants, has announced a quarterly cash dividend of $0.11 per share for the first quarter of 2025. The dividend will be paid on January 31, 2025 to shareholders of record as of January 2, 2025.
Consolidated Water (NASDAQ: CWCO) reported Q3 2024 results with total revenue declining 33% to $33.4 million, primarily due to the completion of two large construction projects earlier in the year. Net income from continuing operations was $5.0 million or $0.31 per diluted share, compared to $8.8 million or $0.55 per share in Q3 2023. Retail revenue increased 5% to $7.6 million, while bulk revenue grew 3% to $8.8 million. The company's $147 million Hawaii desalination plant project continues to progress. Cash and cash equivalents stood at $104.9 million with working capital of $133.9 million as of September 30, 2024.
Consolidated Water (NASDAQ: CWCO), a designer, builder and operator of advanced water supply and treatment plants, has scheduled its Third Quarter 2024 earnings conference call for Friday, November 15, 2024, at 11:00 a.m. ET. The company will release its financial results for the quarter ended September 30, 2024, before the call. Management will host the call followed by a Q&A session. A replay will be available until November 22, 2024, through both toll-free and international numbers, as well as via the company's website.
Consolidated Water Co. (NASDAQ: CWCO), a leading designer, builder, and operator of advanced water supply and treatment plants, will participate in the Janney Virtual Water Utilities Conference on September 19, 2024. CEO Rick McTaggart and CFO David Sasnett will engage in one-on-one virtual meetings with institutional analysts and investors, discussing recent financial results, current projects, and growth opportunities.
The company recently announced a 15.8% increase in its quarterly cash dividend to $0.11 per share for the fourth quarter of 2024. Interested parties can schedule meetings through their Janney representative or contact CMA for company-related inquiries.
Consolidated Water Co. (NASDAQ: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, has increased its quarterly cash dividend by 15.8% to $0.11 per share for the fourth quarter of 2024. The dividend is payable on October 31, 2024 to shareholders of record as of October 1, 2024. CEO Rick McTaggart attributed the increase to improved sales from Caribbean-based businesses and the resolution of the Mexico arbitration, resulting in increased cash flow. The company recently reported Q2 2024 revenue of $32.5 million and earnings per share of $0.99. This dividend increase reflects the company's strong positive outlook and commitment to shareholder value.
Consolidated Water Co. (NASDAQ: CWCO) reported Q2 2024 results with total revenue declining 27% to $32.5 million. Retail revenue increased 8% to $8.2 million, while services revenue declined 51% to $11.9 million. Net income from continuing operations was $4.2 million or $0.26 per diluted share, compared to $7.5 million or $0.47 per diluted share in Q2 2023. Including discontinued operations, net income was $15.9 million or $0.99 per diluted share, up from $7.3 million or $0.46 per diluted share in Q2 2023.
Key operational highlights include a 10% increase in retail water volume sold in Grand Cayman, completion of the Red Gate desalination plant, and ongoing development of a $147 million project in Hawaii. The company also settled a dispute with Mexico, recognizing a $12.1 million gain from the sale of a discontinued project.
Consolidated Water Co. (NASDAQ: CWCO), a leading developer and operator of advanced water supply and treatment plants, has scheduled its second quarter 2024 investor conference call for Thursday, August 15, 2024, at 11:00 a.m. Eastern time. The company will discuss its financial results for the quarter ended June 30, 2024, which will be released prior to the call. Management will host the call, followed by a Q&A session.
Investors can join the call using the toll-free number 1-844-875-6913 (US) or 1-412-317-6709 (International) with Conference ID 3791392. A replay will be available until August 22, 2024, via phone and the company's website at www.cwco.com.
Consolidated Water (NASDAQ: CWCO) announced that its property and equipment in Grand Cayman sustained no damage from Hurricane Beryl, which passed about 40 miles south of the island. Despite reports of flooding and wave damage in other areas, particularly on the south side of Grand Cayman, the company's retail water service area was unaffected. CEO Rick McTaggart praised the operations team for maintaining water supply during the storm. The Cayman Islands National Emergency Operations Centre has issued an 'all clear,' and the company has resumed normal operations. The hurricane is not expected to impact other company operations.
Consolidated Water (NASDAQ: CWCO) will attend the 10th Annual ROTH London Conference from June 25-27, 2024, at the Four Seasons Hotel London. The event will feature one-on-one and small group meetings with executive management from around 80 companies across various sectors. Consolidated Water's EVP & COO, Ramjeet Jerrybandan, will discuss the company's growth drivers, including a significant project in Hawaii and robust bidding activity in the Western U.S. The company reported a strong Q1 2024 with a 21% revenue increase to $39.7 million and a net income of $6.9 million, or $0.43 per diluted share. Additionally, a dividend of $0.095 per share was declared for Q3 2024, payable on July 1, 2024.
Consolidated Water has declared a quarterly cash dividend of $0.095 per share for Q3 2024, payable on July 31, 2024. Shareholders on record by July 1, 2024, will be eligible to receive this dividend. This announcement highlights the company's commitment to rewarding its investors.