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. (NASDAQ: CWCO) news covers developments in seawater desalination, water infrastructure projects, and utility operations across the Caribbean and Indonesia. As a specialized water infrastructure company, CWCO generates news related to contract awards, project milestones, quarterly earnings, and dividend announcements.
Investors tracking CWCO typically monitor news about new desalination plant contracts, expansion into additional markets, and water supply agreements with government entities. The company's engineering services segment produces news about project wins for designing and managing water treatment facilities.
Quarterly earnings reports detail water production volumes, revenue from each business segment, and updates on construction projects. Dividend announcements reflect the company's policy of returning capital to shareholders. Corporate governance news includes board appointments and executive changes.
Bookmark this page to follow Consolidated Water's business developments, including new water supply contracts, project completions, and financial results that affect the stock.
Consolidated Water Co. Ltd. (CWCO), a notable provider of water treatment solutions, announced the passing of long-time director Richard L. Finlay on March 14, 2023, due to a brief illness. Finlay, who joined the board in 1995, played a crucial role in guiding the company from a local utility to a multinational entity serving millions across the Caribbean and the U.S. The company's chairman expressed deep condolences for Finlay's loss, highlighting his legal expertise and dedication to the board. Consolidated Water continues to focus on developing and operating water treatment plants and distribution systems in multiple regions.
Consolidated Water Co. Ltd. (CWCO) reported its 2022 financial results, achieving a record revenue of $94.1 million, up 41% year-over-year. Key drivers include a 206% surge in services revenue and a 71% increase in fourth-quarter total revenue. Net income from continuing operations rose 138% to $8.2 million, reflecting robust performance across segments and a cash dividend of $0.085 per share. Major contracts secured include an $82 million project in Arizona and a $20 million seawater desalination plant in the Cayman Islands. The company is optimistic about future growth trends in tourism and substantial multi-year projects valued over $150 million.
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