earnings
confidence high
sentiment negative
materiality 0.75
Consolidated Water FY2021 EPS from continuing ops falls to $0.23 from $0.56; revenue down 7.9%
Consolidated Water Co. Ltd.
- Revenue $66.9M (-7.9% YoY); gross profit $23.5M (35.2% margin, down from 36.9% in 2020).
- Net income from continuing ops to shareholders $3.4M ($0.23/diluted share), down from $8.6M ($0.56) in 2020.
- Manufacturing segment revenue plunged 67% to $4.1M; segment recorded $2.9M impairment loss on assets.
- Cash $40.4M, debt $0.2M, working capital $69.2M; paid $0.085/quarter dividend ($0.34 annual).
- CEO cites tourism recovery in Cayman (Jan-Feb retail water sales +7% YoY, March production +15% vs prior year).