---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-005212"
form_type: "8-K"
ticker: "CWCO"
cik: "0000928340"
company_name: "Consolidated Water Co. Ltd."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:47:33.600338+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-005212
- form_type: 8-K
- ticker: CWCO
- cik: 0000928340
- company_name: Consolidated Water Co. Ltd.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928340/000155837023005212/0001558370-23-005212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928340/000155837023005212/cwco-20230330x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-005212
- JSON: https://secwatch.observer/filing/0001558370-23-005212.json
- Plain text: https://secwatch.observer/filing/0001558370-23-005212.txt

## Key facts
- Earnings Releases
  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
  source text: 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:
  evidence_url: https://www.sec.gov/Archives/edgar/data/928340/000155837023005212/0001558370-23-005212-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.