Consolidated Water reports record 2022 revenue $94.1M (+41%), net income $8.2M (+138%)

Consolidated Water Co. Ltd.

2023-Q1 EPS reported $0.24 revenue$32,868,990

Full-year revenue $94.1M, up 41% from $66.9M; net income from continuing ops $8.2M ($0.54/diluted share) vs $3.4M ($0.23) in 2021.
Services segment revenue surged 108% to $28.8M, driven by PERC Water construction contracts and new desalination plant in Cayman.
Secured over $150M in multi-year projects in 2022, including $82M Arizona water reuse facility and $49.2M O&M contract in California.
Acquired remaining 39% of PERC Water in Jan 2023, making it wholly owned; evaluating two potential complementary acquisitions.
Quarterly cash dividend maintained at $0.085/share ($0.34 annualized); cash and equivalents $50.7M, debt only $0.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Consolidated Water Co. Ltd. reported year ended December 31, 2022 results: revenue $94.1 million, net income $8.2 million, EPS $0.54 per basic and diluted share.

Period: year ended December 31, 2022
Revenue: $94.1 million
Net income: $8.2 million
EPS: $0.54 per basic and diluted share
Result: reported results

Exact text from the filing

Commission unless it is explicitly so incorporated in such filings. --- EX-99.1 (EX-99.1) --- Consolidated Water Reports Record 2022 Revenue up 41% to $94.1 Million, Driving Net Income of $8.2 Million or $0.54 per Share GEORGE TOWN, Grand Cayman, Cayman Islands, March 30, 2023 -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market:

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Source: SEC EDGAR

accession 0001558370-23-005212

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