Consolidated Water Co Ltd
NASDAQ:CWCO
Consolidated Water Co Ltd
Consolidated Water Co. Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. The firm operates water production facilities in the Cayman Islands, The Bahamas and the British Virgin Islands and operates water treatment facilities in the United States. Its segments include retail, bulk, services and manufacturing. The firm also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment and industrial water and wastewater treatment. The firm produces potable water from seawater using reverse osmosis technology and sells this water to a variety of customers, including public utilities, commercial and tourist properties, residential properties and government facilities.
Consolidated Water Co. Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. The firm operates water production facilities in the Cayman Islands, The Bahamas and the British Virgin Islands and operates water treatment facilities in the United States. Its segments include retail, bulk, services and manufacturing. The firm also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment and industrial water and wastewater treatment. The firm produces potable water from seawater using reverse osmosis technology and sells this water to a variety of customers, including public utilities, commercial and tourist properties, residential properties and government facilities.
Revenue Growth: Consolidated Water reported Q3 2025 revenue of $35.1 million, up 5% year-over-year, driven by increases in retail services and manufacturing.
Profitability: Net income from continuing operations rose to $5.6 million ($0.34 per diluted share), up from $5 million ($0.31 per diluted share) last year.
Segment Performance: Retail and manufacturing segments performed strongly, while bulk segment revenue declined due to lower energy prices but achieved higher profitability.
Major Projects: The Hawaii desalination plant is ready for construction pending permit approvals, with revenue expected in 2026 and 2027. Two new construction projects totaling $15.6 million were also secured in Colorado and California.
Manufacturing Capacity: A new 17,500 sq. ft. facility expansion supports increased throughput and larger projects, especially in the growing Florida municipal market.
Balance Sheet: The company has $123.6 million in cash, $141.7 million in working capital, and no significant debt.
Outlook: Management is optimistic for continued growth due to a strong project pipeline, ample liquidity, and opportunities in key US markets.
