Consolidated Water Q2 revenue up 110% to $44.2M, net income $7.3M, secures $204M Hawaii desalination contract

Consolidated Water Co. Ltd.

2023-Q2 EPS reported $0.70 revenue$77,106,253

Revenue $44.2M (+110% YoY); net income $7.3M ($0.46 diluted EPS) vs $2.3M ($0.15) last year.
Services revenue surged 377% to $24.1M, driven by $17.6M from Goodyear, AZ water treatment plant construction.
Signed $204M contract to design, build, operate and maintain a seawater desalination plant in Hawaii.
Retail water volume in Grand Cayman increased 14% on tourism recovery; dividend maintained at $0.085/share quarterly.
Cash $47.7M; working capital $75.5M; 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 0.95

Consolidated Water Co. Ltd. reported the second quarter ended June 30, 2023 results: revenue $44.2 million, net income $7.3 million or $0.46 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $44.2 million
Net income: $7.3 million or $0.46 per diluted share
Result: reported results

Exact text from the filing

Consolidated Water Reports Second Quarter 2023 Revenue up 110% to $44.2 Million and Net Income of $7.3 Million or $0.46 per Diluted Share

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Consolidated Water Co. Ltd. filing history →

Source: SEC EDGAR

accession 0001558370-23-014599

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