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Consolidated Water Co ltd   (CWCO)
Other Ticker:  
 
    Sector  Utilities    Industry Water Supply
   Industry Water Supply
   Sector  Utilities
 
Price: $27.2800 $-0.65 -2.327%
Day's High: $28 Week Perf: -3.74 %
Day's Low: $ 27.24 30 Day Perf: -12.17 %
Volume (M): 83 52 Wk High: $ 38.29
Volume (M$): $ 2,256 52 Wk Avg: $26.37
Open: $27.88 52 Wk Low: $13.66



 Market Capitalization (Millions $) 435
 Shares Outstanding (Millions) 16
 Employees 119
 Revenues (TTM) (Millions $) 155
 Net Income (TTM) (Millions $) 22
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 9

Consolidated Water Co Ltd

We develop and operate seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. Through our subsidiaries and affiliates, we provide the following services to our customers in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands and Indonesia

Cayman Water Company Limited (“Cayman Water”). Cayman Water operates under an exclusive retail license granted by the Cayman Islands government to provide water to customers within a prescribed service area on Grand Cayman that includes the Seven Mile Beach and West Bay areas, two of the three most populated areas in the Cayman Islands. The only non-government owned public water utility on Grand Cayman is Cayman Water which owns and operates four desalination plants.

Ocean Conversion (Cayman) Limited (“OC-Cayman”). OC-Cayman provides bulk water under various licenses and agreements to the Water Authority-Cayman, a government-owned utility and regulatory agency, which distributes the water to properties located outside our exclusive retail license service area in Grand Cayman. OC-Cayman operates three desalination plants owned by the Water Authority-Cayman.

Consolidated Water (Bahamas) Limited (“CW-Bahamas”). We own a 90.9% equity interest in CW-Bahamas, which provides bulk water under long-term contracts to the Water and Sewerage Corporation of The Bahamas, a government agency. CW-Bahamas owns and operates our largest desalination plant and two other desalination plants.

Consolidated Water (Belize) Limited (“CW-Belize”). CW-Belize owns and operates one desalination plant and has an exclusive contract to provide bulk water to Belize Water Services Ltd., a water distributor that serves residential, commercial and tourist properties in Ambergris Caye, Belize.

Aquilex, Inc. This subsidiary, a United States company, provides financial, engineering and supply chain management support services to our subsidiaries and affiliates.

Ocean Conversion (BVI) Ltd. (“OC-BVI”). We own 50% of the voting stock of our affiliate, OC-BVI, a British Virgin Islands company, which sells bulk water to the Government of the British Virgin Islands Water and Sewerage Department. We own an overall 43.5% equity interest in OC-BVI’s profits and certain profit sharing rights that raise our effective interest in OC-BVI’s profits to approximately 45%. OC-BVI also pays our subsidiary DesalCo Limited fees for certain engineering and administrative services. We account for our investment in OC-BVI under the equity method of accounting.

DesalCo Limited (“DesalCo”). A Cayman Islands company, DesalCo provides management, engineering and construction services for desalination projects.

Consolidated Water (Bermuda) Limited (“CW-Bermuda”). In January 2007, our affiliate, Consolidated Water (Bermuda) Limited (“CW-Bermuda”) entered into a design, build, sale and operating agreement with the Government of Bermuda for a desalination plant to be built in two phases at Tynes Bay along the northern coast of Bermuda. Under the agreement, CW-Bermuda constructed and operated the plant from the second quarter of 2009 through the expiration of the agreement on June 30, 2011. We do not expect to receive any future fees or revenues from CW-Bermuda.

Consolidated Water Cooperatief, U.A. (“CW-Cooperatief”) and N.S.C. Agua, S.A. de C.V. (“NSC”). CW-Cooperatief is a wholly-owned Netherlands subsidiary organized in 2010. CW-Cooperatief owns a 99.9% interest in NSC, a Mexican company. NSC has been formed to pursue a project encompassing the construction, ownership and operation of a 100 million gallon per day seawater reverse osmosis desalination plant to be located in northern Baja California, Mexico and accompanying pipeline to deliver water to the Mexican potable water system and the U.S. border. The project is currently in the development stage and NSC does not generate any operating revenues.

Consolidated Water (Asia) Pte. Limited (“CW-Asia”) and PT Consolidated Water Bali (“CW-Bali”). During 2012 we formed CW-Asia, a 95% owned Singapore company and CW-Bali, an Indonesian company, which is 95% owned by CW-Asia. During 2013, CW-Bali completed construction of a 264,000 gallon per day desalination plant and in 2014 we expanded the capacity of this plant to 790,000 gallons per day. This plant provides water to resort properties in the Nusa Dua area of Bali, Indonesia.

Our strategy is to provide water services in areas where (i) the supply of potable water is scarce and (ii) the production of potable water by reverse osmosis desalination is, or will be, economically viable for customers in those areas. We focus primarily on markets with the following characteristics that make them attractive for our business:

inadequate sources of potable water.
favorable regulatory and tax environments.
a large proportion of tourist properties (which historically have generated higher volume sales than residential properties).
growing populations and economies.


We believe that our potential market includes any location with a demand for, but a limited supply of, potable water that has access to seawater. The desalination of seawater is the most widely used process for producing potable water in areas with an insufficient natural supply. In addition, in many locations, desalination is the only commercially viable means to expand the existing water supply. We believe that our experience in the development and operation of reverse osmosis desalination plants provides us with the capabilities to successfully expand our operations beyond our existing markets and we expect to do so in the coming years.

Expanding our existing operations in the Cayman Islands, The Bahamas and Belize. We plan to continue to seek new water supply agreements and licenses, renewing our existing supply agreements, and increasing our production levels in our existing markets.

Penetrating new markets. We plan to continue to seek opportunities to profitably expand our operations into new markets that have significant unfulfilled demands for potable water. These markets include the rest of the Caribbean, Mexico, Asia and other areas where we can provide water on a profitable basis and in favorable regulatory environments. We may pursue these opportunities either on our own or through joint ventures and strategic alliances.

Broadening our existing and future operations into complementary services. We consider opportunities to leverage our water-related expertise to enter complementary service industries as viable complements to our existing business and will pursue such opportunities as they arise. We may pursue these opportunities either on our own or through joint ventures, strategic alliances and/or acquisitions.



   Company Address: Windward Three, 4th Floor, West Bay Road Grand Cayman 0
   Company Phone Number: 945-4277   Stock Exchange / Ticker: NASDAQ CWCO
   CWCO is expected to report next financial results on March 29, 2024. Next quarterly dividend pay out on April 30, 2024.


   

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GE        1.46% 
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Dividend

Diving into Success: Consolidated Water Co. Ltd. Declares Dividend Amid Striking Stock Performance

Published Tue, Feb 27 2024 1:31 PM UTC



Consolidated Water Co. Ltd., a leading developer and operator of advanced water supply and treatment plants, has recently announced the approval of a quarterly cash dividend of $0.095 per share for the second quarter of 2024. This news comes amidst the company's impressive stock performance, with a significant increase of 96.01% from a year ago. However, the stock ...

Dividend

Consolidated Water Co. Ltd. Rides the Waves of Success with Dividend Declaration amidst Skyrocketing Shares

Published Tue, Nov 28 2023 1:31 PM UTC


Introduction
GEORGE TOWN, Cayman Islands ? Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a prominent developer and operator of advanced water supply and treatment plants, made an exciting announcement today. The company's board of directors has approved a quarterly cash dividend of $0.095 per share for the first quarter of 2024. This proclamation ...

Consolidated Water Co Ltd

Water Supply Company Makes a Splash with Record-Breaking Profits in Q3 of 2023 Earnings Season

Consolidated Water Co Ltd, a leading developer and operator of advanced water supply and treatment plants, has seen a significant gain in its shares over the past week. With a solid increase of 5.76%, the company's shares have been performing well, reflecting the positive outlook for the company in the market. Furthermore, when compared to the previous year, the shares have seen a staggering growth of 132.3% in 2023.
One of the key factors contributing to this positive performance is the company's recent earnings report for the third quarter of 2023. The report revealed a remarkable increase in revenue, soaring by 99.005% to $49.85 million compared to the same period last year. Additionally, Consolidated Water Co Ltd's income per share experienced an impressive surge of 2600% to $0.54 per share. This is a substantial improvement from the previous reporting season. In the second quarter, revenue had advanced by 12.697% and income per share grew by 17.39%.
The net profits of $8.769 million in the fiscal period ending on September 30, 2023, have increased by a significant 1538.65% from the corresponding reporting season in the previous year. This demonstrates the company's strong financial performance and growth potential.
Another noteworthy aspect of Consolidated Water Co Ltd's performance is its improving profit margins. The company has seen its net margin rise to 17.59% in the fiscal period ending on September 30, 2023, and its operating margin has edged up to 21.55%. These figures highlight the company's effective management of costs and the ability to maximize profits.

Consolidated Water Co Ltd

Consolidated Water Co Ltd Surges with an Astonishing 118.18% Profit Increase in Q1 2023, But Investors Should Proceed with Caution

The Consolidated Water Co Ltd (CWCO) has announced very strong financial results for the January to March 31, 2023, time-frame. The company reported a 68.06% increase in revenue, which soared to $32.87 million, and its income per share advanced by a significant 118.18%. This is truly impressive when compared to the same period the year before. Additionally, the Q4 revenue recorded a 15.621% increase from $28.43 million, while earnings per share increased by 141% from $0.10 per share. The company's net earnings of $3.977 million increased by 103.08% from net earnings of $1.958 million reported in the same period the previous year.
While these figures are undoubtedly impressive, investors should approach this news with caution. While the company's profit margins have improved, with net margin rising to 12.1% and operating margin edging up to 13.78%, operating earnings only improved 97.56% to $4.528336 million. This suggests that the company may be having difficulties with its operations, and investors should be wary.






 

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