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. (CWCO) is a NASDAQ Global Select Market utilities company that develops and operates advanced water supply and treatment plants and water distribution systems. News about CWCO often centers on its seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, as well as its water treatment and reuse projects in the United States.
Investors following Consolidated Water’s news can track updates on its multi‑segment operations, including retail water utility activities in Grand Cayman, bulk potable water supply to government utilities, services for designing and constructing water infrastructure, and manufacturing of specialized water-related products. Company announcements discuss contract awards for drinking water plant expansions, wastewater recycling plants and other treatment facilities, along with progress on major projects such as the Hawaii desalination plant.
Regular press releases also cover quarterly and year‑to‑date financial results, segment performance, and developments in operations and maintenance (O&M) contracts. Corporate governance updates, such as the appointment of new independent directors with water infrastructure and finance experience, appear in CWCO news alongside disclosures about dividend declarations and changes in the quarterly cash dividend per share.
This news page aggregates these company-issued updates so readers can review earnings releases, project milestones, contract wins, board changes and dividend announcements related to Consolidated Water Co. Ltd. and its CWCO stock. For investors and observers of the water utilities and treatment sector, the CWCO news flow provides insight into how the company’s desalination, water treatment, reuse and manufacturing activities are developing over time.
Consolidated Water Co. Ltd. (CWCO) announced that its subsidiary, PERC Water Corporation, signed an agreement to construct a wastewater treatment facility with a capacity of four million gallons per day for Liberty Utilities in Goodyear, Arizona. The project is valued at approximately $82 million and is expected to be completed in 26 months. The facility aims to meet the growing demand in the region and will enable additional reclaimed water usage, promoting water conservation efforts.
Consolidated Water Co. Ltd. (CWCO) reported a 14% increase in Q1 2022 revenue, totaling $19.6 million, driven by strong growth in retail, bulk, and services sectors. Net income rose to $2.3 million or $0.15 per share. Cash reserves grew to $43.1 million, with minimal debt. The company secured significant contracts, including a $20 million seawater desalination project, and benefited from a rebound in tourism as COVID-19 restrictions eased. Despite challenges in the manufacturing segment due to global supply issues, the overall outlook remains optimistic, bolstered by a solid financial position.
Consolidated Water Co. Ltd. (CWCO) has signed a definitive agreement with the Cayman Islands Water Authority to build a seawater reverse osmosis plant in George Town. The facility, designed to produce 2.64 million gallons of potable water daily, is expected to generate approximately $20 million in revenue over 11.5 years. Construction is projected to take 18 months, with the plant becoming the ninth desalination plant on Grand Cayman. The construction fee and operating fees will adjust for inflation, bolstering future revenue estimates.
Consolidated Water Co. Ltd. (CWCO) will host a conference call on May 13, 2022, at 11:00 a.m. Eastern time to discuss its Q1 2022 financial results, concluding on March 31, 2022. The call will be managed by company executives and will include a question-and-answer session. Interested participants can join using the provided toll-free or international dial-in numbers. A replay will be available post-conference through the company's website until May 20, 2022.
Consolidated Water operates water supply and treatment facilities across several Caribbean regions and the U.S.
Consolidated Water Co. Ltd. (NASDAQ: CWCO) reported its 2021 financial results, highlighting a 10.2% increase in bulk revenue to $26.8 million. Total revenue was $66.9 million, down 7.9% from 2020, attributed to declines in retail and manufacturing segments. Net income from continuing operations was $3.4 million, or $0.23 per share. Cash and equivalents stood at $40.4 million. The company anticipates a recovery in retail water sales with the return of tourism and is pursuing growth opportunities in water-short regions.
Consolidated Water Co. Ltd. (CWCO) will hold a conference call on March 30, 2022, at 11:00 a.m. Eastern time to discuss its financial results for the year ended December 31, 2021. The results will be announced in a press release prior to the call. Interested parties can dial into the call using toll-free numbers or join via the company’s website for additional details and a replay available after the call. Consolidated Water develops and operates advanced water supply and treatment facilities across several regions including the Caribbean and the U.S.
Consolidated Water Co. Ltd. (CWCO) anticipates a significant boost as tourism returns to the Cayman Islands, with the first cruise ships in two years set to arrive this month. The Cayman Islands' tourism ministry approved an initial 21 cruise ships to dock from March 21 to April 17, allowing around 75,000 passengers, approximately half of pre-COVID levels. The company's CEO stated that this resurgence is crucial for returning retail water sales to normal as tourism recovers. Recent government policy changes also eased COVID-19 restrictions, further supporting tourism recovery.
Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share, payable on April 29, 2022, to shareholders of record as of April 1, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders. Consolidated Water specializes in the development and operation of advanced water supply and treatment facilities across the Caribbean and the United States, enhancing its position in the water supply and treatment sector.
Consolidated Water Co. Ltd. (CWCO) reports a surge in water demand in the Cayman Islands, driven by the easing of COVID-19 restrictions under the Phase 5 reopening plan. The company, which operates seven seawater desalination plants, anticipates a return to normal retail water sales as tourism resumes with hotels and restaurants reopening. Major airlines have resumed flights, and bookings for the winter holiday season are promising, with predictions of 80% occupancy by summer. Increased tourism is expected to boost the company's sales.
On February 22, 2022, Consolidated Water Co. Ltd. (CWCO) announced its participation in the 34th Annual ROTH Conference, scheduled for March 13-15, 2022, in Dana Point, California. The conference includes online presentations, one-on-one meetings, and thematic panels. CEO Rick McTaggart and CFO David Sasnett will discuss CWCO's growth strategy, focusing on expanding recurring revenue through additional water and wastewater contracts. This event has previously hosted over 550 companies, attracting more than 5,000 investors and analysts.