Consolidated Water Q3 revenue up 99% to $49.9M; EPS $0.55 vs $0.05 YoY

Consolidated Water Co. Ltd.

2023-Q3 EPS reported $1.24 revenue$126,960,328

Total revenue rose 99% to $49.9M; net income from continuing ops of $8.8M ($0.55/diluted share) vs $0.8M ($0.05) a year ago.
Services segment revenue surged 237% to $29.4M, driven by $20M from Arizona water treatment plant construction.
Retail water volume in Grand Cayman increased 16%; quarterly dividend raised 11.8% to $0.095/share for Q4.
Received notice to proceed on $204M Hawaii desalination plant (24-year base term); PERC started contracts at Edwards AFB ($1.3M/yr) and Avalon ($2.1M/18mos).
Acquired Ramey Environmental Compliance (REC), expanding O&M footprint in Colorado; terms not disclosed.

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 third quarter ended September 30, 2023 results: revenue $49.9 million, net income $8.6 million, EPS $0.54 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $49.9 million
Net income: $8.6 million
EPS: $0.54 per diluted share
Result: reported results

Exact text from the filing

Consolidated Water Reports Third Quarter 2023 Revenue up 99% to $49.9 Million and Net Income of $8.6 Million or $0.54 per Diluted Share

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Consolidated Water Co. Ltd. filing history →

Source: SEC EDGAR

accession 0001558370-23-018615

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