Entering text into the input field will update the search result below

Consolidated Water's (CWCO) CEO Rick McTaggart on Q4 2020 Results - Earnings Call Transcript

Apr. 01, 2021 3:43 PM ETConsolidated Water Co. Ltd. (CWCO)
SA Transcripts profile picture
SA Transcripts

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Q4 2020 Earnings Conference Call April 1, 2021 11:00 AM ET

Company Participants

Rick McTaggart – President and Chief Executive Officer

David Sasnett – Executive Vice President and Chief Financial Officer

Conference Call Participants

Gerry Sweeney – Roth Capital

John Bair – Ascend Wealth Advisors


Good morning. Thank you for joining us today to discuss Consolidated Water Company's Full Year 2020 Results.

Hosting the call today is the Chief Executive Officer of Consolidated Water Company, Rick McTaggart, and the company's Chief Financial Officer, David Sasnett.

Following their remarks, we'll open the call to your questions. [Operator Instructions]

Before we conclude today's call, I'll provide some important cautions regarding the forward-looking statements made by management during the call.

I'd like to remind everyone that today's call is being recorded and will be made available for telecom replay via instructions in yesterday's press release, which is available in the Investor Relations of the company's website.

Now I'd like to turn the call over to Consolidated Water Company’s CEO, Rick McTaggart. Sir, please go ahead.

Rick McTaggart

Thank you, Tom. And good morning, everyone. I hope everyone is staying safe and healthy.

Despite the unprecedented challenges caused by the pandemic in 2020, we increased our total revenue by 6% to a record $72.6 million. Our services segment was the biggest contributor with services revenues up to $12.9 million with $12.5 million of that amount generated by our PERC Water subsidiary that we acquired in October 2019.

Likewise, services gross profit increased to $3.2 million versus just about a $0.5 million in 2019.

PERC Water provides design, engineering, construction, and management services for water treatment infrastructure in the arid Southwestern U.S. It provides a platform upon which we can expand our core business of designing, constructing, and operating desalination plants to North America. PERC also

Recommended For You


To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.