Consolidated Water: Q2 2024 Earnings Make A Splash, But Miss The Mark

Grassroots Trading
1.93K Followers

Summary

  • Consolidated Water Co. Ltd. missed earnings and revenue targets in Q2, but saw growth in the Retail segment and operations and maintenance contracts.
  • Consolidated Water operates in water treatment projects, with recent expansions in the Caribbean and U.S., including desalination plants and long-term contracts.
  • Despite solid financials and growth opportunities, Consolidated Water faces risks from project timing and revenue dependence on big projects, leading to caution in investing.

Aerial view of coastline of Grand Cayman, Cayman Islands

JodiJacobson

Thesis

In the latest Q2 2024 results from Consolidated Water Co. Ltd. (NASDAQ:CWCO), they missed the mark. GAAP EPS came in at $0.26, falling short by $0.02. Revenue hit $32.48 million, missing by $4.82 million. The Retail segment saw an 8% bump, and operations and maintenance

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