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) has been invited to the 35th Annual ROTH Conference from March 12-14, 2023, at The Ritz Carlton in Laguna Niguel, California. CEO Rick McTaggart, along with EVP and COO Ramjeet Jerrybandan, will engage in one-on-one meetings with investors and analysts. The management will highlight future growth drivers, including over $150 million in major multi-year projects secured in the previous year. In Q3 2022, the company reported a 53% revenue increase to $25.1 million and a net income of $824,000 ($0.05 per share). CWCO also announced a quarterly dividend of $0.085, payable on April 3, 2023.
Consolidated Water Co. Ltd. (CWCO) declared a quarterly cash dividend of $0.085 per share, scheduled for payment on April 28, 2023. Shareholders on record as of April 3, 2023 will qualify for the dividend. The company, based in the Cayman Islands, specializes in the development and operation of advanced water treatment and supply facilities across various locations, including the Bahamas and the United States.
Consolidated Water Co. Ltd. (CWCO) has exercised its option to acquire the remaining 39% equity stake in its subsidiary, PERC Water Corporation, for approximately $7.8 million. The deal, finalized on January 4, 2023, includes $2.44 million in cash and 368,383 shares of common stock. PERC, which focuses on water infrastructure in the Western U.S., generated roughly $17.8 million in revenue in the first nine months of 2022. This acquisition is expected to enhance shareholder value and support growth in the region facing critical water shortages.
Consolidated Water Co. Ltd. (CWCO) will present at the Bank of America 2022 Water Conference on December 6, 2022. Executive Vice President and CFO, David Sasnett, will lead the presentation and engage in one-on-one meetings with institutional analysts and investors. The discussion will focus on the company’s recent results and future growth, particularly over $150 million in major multi-year projects secured this year. The PERC Water subsidiary is also expanding its recurring revenue through new contracts in the Southwest U.S.
Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share, payable on January 31, 2023. Shareholders of record must hold the shares by the close of business on January 3, 2023. The company specializes in advanced water supply and treatment solutions, operating across the Cayman Islands, The Bahamas, and the British Virgin Islands, with additional facilities in the United States.
Consolidated Water Co. Ltd. (CWCO) reported a 53% increase in third-quarter revenue to $25.1 million, with net income at $824,000 or $0.05 per share. Retail revenue rose 20% to $6.3 million, while services revenue surged 172%. Cash and equivalents reached $51.1 million, and the company secured a $10 million credit facility. However, higher general and administrative expenses impacted net income. Significant projects include an $82 million treatment plant in Arizona and a new desalination plant in the Cayman Islands, with expectations of continued revenue growth from these initiatives.
Consolidated Water Co. Ltd. (NASDAQ: CWCO) will host a conference call on November 15, 2022, at 11:00 a.m. Eastern to discuss third-quarter results ended September 30, 2022. A press release with financial details will be issued prior to the call, which will include a question-and-answer session. Participants can join via a toll-free dial-in number or the international number provided. A replay will be accessible post-call until November 22, 2022. The company specializes in advanced water supply and treatment solutions across several regions.
Consolidated Water Co. Ltd. (CWCO) has secured a contract extension valued at $49.2 million to operate and maintain two advanced water treatment facilities in Southern California, beginning in 2023. The contract, held by its subsidiary PERC Water Corporation, extends for 10 years with two optional 5-year extensions. The facilities include the Albert Robles Center and the Leo J. Vander Lans Facility, which purify nearly 15 million and 8 million gallons per day, respectively. This milestone is expected to bolster CWCO's growth amid ongoing drought conditions in the region.
Consolidated Water Co. Ltd. (NASDAQ: CWCO) reported no damage to its property following Hurricane Ian, which passed 95 miles from Grand Cayman. Minor coastal flooding occurred, but an "all clear" was issued by the National Emergency Operations Centre. The company anticipates no material impact on its operations due to the hurricane's projected path. Consolidated Water develops and operates water supply and treatment facilities across the Cayman Islands, Bahamas, British Virgin Islands, and the U.S.
Consolidated Water Co. Ltd. (CWCO) has announced a quarterly cash dividend of $0.085 per share, payable on October 31, 2022, to shareholders of record by the close of business on October 3, 2022. This dividend reflects the company's commitment to providing returns to its shareholders while engaging in the development and operation of advanced water supply and treatment facilities across the Cayman Islands, The Bahamas, and the British Virgin Islands, as well as in the United States.