CWCO News & Events

Reports Q3 revenue $35.12M, consensus $32.9M. "In Q3, our diversified water business model, which includes regulated utility operations, design and construction services, O&M services and manufacturing, continued to perform well," commented Consolidated Water CEO, Rick McTaggart. "As a result, our consolidated revenue increased by 5% and our fully diluted earnings per share from continuing operations increased 10% compared to the same year-ago period."

Consolidated Water has been awarded a contract valued at $11.7 million to construct a wastewater recycling plant with 200,000 gallons-per-day capacity and 600,000 gallons of treated water storage for a San Francisco Bay Area golf club. The contract was secured by the company's California-based subsidiary, PERC Water Corporation, which develops, designs, builds, operates, and manages water infrastructure facilities in the Southwestern U.S. The plant will receive untreated wastewater diverted from a nearby sewer and will treat the wastewater using membrane bioreactor technology-a process that combines biological wastewater treatment with advanced filtration, resulting in high-quality recycled water suitable for irrigation.

Reports Q2 revenue $33.6M, two estimates $32.8M. "All four of our business segments performed well this past quarter with revenue growth of 6% in our retail segment and 33% in our manufacturing segment compared to the same period last year," commented Consolidated Water CEO, Rick McTaggart. "Services segment revenue from recurring O&M contracts increased by 17%, which partially offset decreases in construction revenue and design and consulting revenue. While bulk segment revenue decreased slightly this past quarter due to lower fuel passthrough charges, bulk profitability increased in dollar terms and gross profit percentage due to lower costs of revenue. Our diversified water business model - spanning regulated utility operations, O&M services and manufacturing - continues to serve the company and its shareholders well, with our consolidated revenue increasing by 3% and our fully diluted earnings per share from continuing operations increasing 23% compared to the same period in 2024."