secwatch.observer — SEC 8-K summary
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Issuer:     Consolidated Water Co. Ltd. (CWCO)
CIK:        0000928340
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001558370-23-005212
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928340/000155837023005212/0001558370-23-005212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928340/000155837023005212/cwco-20230330x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-005212

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