Consolidated Water Stock Price, News & Analysis

Consolidated Water Co. Ltd. (CWCO) announced that its subsidiary, PERC Water Corporation, received the 'Outstanding Membrane Plant Award – Large Plant' from the Southwest Membrane Operator Association for the Albert Robles Center for Water Recycling & Environmental Learning. Additionally, PERC's lead operator, Steve Sato, won the 'Outstanding Operator Award - Large Plant.' The ARC facility, operational since 2019, purifies approximately 15 million gallons of water daily, addressing severe water shortages in California and Arizona. Consolidated Water acquired PERC in October 2019.

Consolidated Water Co. Ltd. (CWCO) is set to hold a conference call on November 16, 2021, at 11:00 a.m. Eastern time to discuss financial results for Q3 2021. The results will be released before the call. Participants can join via toll-free and international numbers. A replay will be available after the call and can also be accessed on the company's website until November 23, 2021. Consolidated Water develops and operates advanced water supply and treatment plants, serving markets including the Cayman Islands and the U.S.

Consolidated Water Co. Ltd. (CWCO) will present at the Janney Water Utilities Conference on September 14, 2021. CEO Rick McTaggart and CFO David Sasnett will hold one-on-one meetings with institutional analysts and investors to discuss the company's recent second quarter 2021 results and future growth opportunities. The subsidiary, PERC Water, has shown significant performance, especially in California and Arizona, focusing on cost-effective wastewater treatment solutions amid regional drought challenges.

Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share, set to be paid on October 29, 2021. Shareholders of record must hold shares by the close of business on October 1, 2021. The company, which operates advanced water supply and treatment plants across the Cayman Islands, The Bahamas, British Virgin Islands, and the U.S., continues to strengthen its position in the water industry.

Consolidated Water reported a revenue decline of 13% in Q2 2021, totaling $16.7 million, driven by lower retail and manufacturing revenues. Retail revenue decreased by 5% to $5.7 million, while manufacturing plunged 85% due to a major customer's reduced orders. Conversely, bulk and services revenues rose, with bulk revenue increasing by 14.4% to $6.7 million. The company experienced a net loss of $1.5 million in Q2, compared to a net income of $2.6 million a year prior. As of June 30, 2021, cash reserves stood at $41.2 million, with a positive outlook for growth in the second half.

Consolidated Water Co. Ltd. (CWCO) announced a conference call on August 17, 2021, at 11:00 a.m. ET to discuss its financial results for the quarter ending June 30, 2021. Details of the call will be shared in a press release prior to the event. Participants can join using toll-free and international dial-in numbers. A replay will be available shortly after the call, lasting until August 24, 2021. Consolidated Water develops and operates water treatment and supply facilities in several regions, including the Caribbean and the U.S.

Consolidated Water Co. Ltd. (CWCO) has declared a quarterly cash dividend of $0.085 per share, payable on July 30, 2021, to shareholders on record by July 1, 2021. The company operates advanced water supply and treatment plants across the Cayman Islands, The Bahamas, British Virgin Islands, and the United States, focusing on water production, supply, and wastewater treatment.

This dividend reflects the company's confidence in its financial health and commitment to returning value to shareholders.

Consolidated Water Co. Ltd. (CWCO) reported Q1 2021 results showing a total revenue of $17.1 million, down 17.5% from $20.7 million in Q1 2020. Services revenue increased by 13.7% to $3.5 million, accounting for 21% of consolidated revenue. Net income attributable to shareholders dropped 65.8% to $989,000, or $0.06 per share. Cash and cash equivalents stood at $42.8 million. The company expects future growth in its services segment, particularly from PERC Water contracts, amid ongoing challenges from declining retail revenue due to the pandemic.

Consolidated Water Co. Ltd. (CWCO) will hold a conference call on May 18, 2021, at 11:00 a.m. Eastern time to discuss its quarterly results ending March 31, 2021. A press release with the financial results will precede the call. Interested parties can join by dialing the toll-free number 1-844-875-6913 or the international number 1-412-317-6709, using Conference ID: 10155785. A replay of the call will be available after 1:00 p.m. on the same day via their website, www.cwco.com.