0000928340false00009283402025-03-172025-03-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

March 17, 2025

(Date of earliest event reported)

CONSOLIDATED WATER CO. LTD.

(Exact Name of Registrant as Specified in Charter)

Cayman Islands, B.W.I.

0-25248

98-0619652

(State or Other Jurisdiction of

(Commission File No.)

(IRS Employer Identification No.)

Incorporation)

Regatta Office Park

Windward Three, 4th Floor

West Bay Road, P.O. Box 1114

Grand Cayman, KY1-1102

Cayman Islands

(Address of Principal Executive Offices)

(345) 945-4277

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

   

Trading Symbol(s)

   

Name of each exchange on which registered

Class A common stock, $0.60 par value

CWCO

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Item 2.02. Results of Operations and Financial Condition.

On March 17, 2025, Consolidated Water Co. Ltd. (the “Company”) issued a press release announcing its results of operations for the year ended December 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this report.

The information in this report, including the exhibit hereto, is being “furnished” in accordance with General Instruction B.2 of Form 8-K. As such, this information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filings with the Securities and Exchange Commission unless it is explicitly so incorporated in such filings.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

    

Title

99.1

Press release issued by the Company on March 17, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CONSOLIDATED WATER CO. LTD.

By:

/s/ David W. Sasnett

Name:

David W. Sasnett

Title:

Executive Vice President & Chief Financial Officer

Date: March 18, 2025

3

Exhibit 99.1

Graphic


Consolidated Water Reports Full Year 2024 Results

GEORGE TOWN, Grand Cayman, Cayman Islands, March 17, 2025 -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported results for the year ended December 31, 2024. All comparisons are to the prior year period unless otherwise noted.

Consolidated Water will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below).

2024 Financial Highlights

Total revenue declined 26% to $134 million, due to two large construction projects that were underway in 2023 but were completed in June 2024. The company’s $204 million design-build-operate desalination plant project in Hawaii continues to progress towards the higher-revenue construction phase.
Retail revenue increased 5% to $31.7 million on higher sales volumes.
Bulk revenue decreased 3% to $33.7 million.
Manufacturing revenue increased by 1% to $17.6 million.
Services revenue declined by 48% to $51 million, due to a $60 million decline in construction revenue that was partially offset by a $9.9 million increase in recurring operations and maintenance (O&M) revenue and a $2.7 million increase in design and consulting revenue.
O&M recurring revenue increased 51% to $29.3 million. The increase was comprised of $6.1 million from REC, which was acquired in October 2023, and $3.9 million from PERC.
Net income from continuing operations attributable to company stockholders totaled $17.9 million or $1.12 per diluted share, compared to $30.7 million or $1.93 per diluted share in 2023.
Net income, including discontinued operations attributable to company stockholders, totaled $28.2 million or $1.77 per diluted share, compared to $29.6 million or $1.86 per diluted share in 2023.
Cash and cash equivalents totaled $99.4 million and working capital was $132.8 million as of December 31, 2024.

2024 Operational Highlights

Retail water sold by the company’s Grand Cayman water utility increased 4.5% to a record volume of 1.01 billion gallons. The increase was due to a record number of customer connections which were up 4.3% for the year.


Advanced through the piloting, design and permitting stages of a project to design, construct, operate and maintain a seawater desalination plant in Hawaii for the Honolulu Board of Water Supply.
Recognized $7.9 million in operations and maintenance revenue from the company’s REC subsidiary, which was acquired in October 2023 to provide a new channel for expansion in water-stressed regions of Colorado.

Dividend Increase

In August 2024, the company increased its quarterly dividend by 15.8% to $0.11 per share beginning in the fourth quarter of 2024.

Management Commentary

“Our revenue and operating income in 2024 from continuing operations were consistent with our expectations, particularly with the completion of the two major design-build projects early in the year,” commented Consolidated Water CEO, Rick McTaggart.

“We saw an improvement in profitability across our retail and manufacturing segments. Our strong retail water sales in our exclusive utility service area on Grand Cayman reflect a record volume of water sold to a record number of customers. This was primarily due to the ongoing growth in population and business activity on the island.

“Our bulk water segment revenue and gross profit remained relatively consistent from the previous year. Our services revenue declined due to the completion in the second quarter of the Liberty Utilities and Red Gate II construction projects which had a major impact on our 2023 revenue. The decline was partially offset by a 51% or nearly $10 million increase in recurring revenue from our operations and maintenance or O&M contracts.

“Most of this additional O&M revenue was generated by REC, our new Colorado subsidiary, that has provided us a new channel to expand our design-build and O&M businesses into water-stressed regions of Colorado. Other U.S.-based O&M contracts managed by our PERC Water subsidiary also contributed meaningfully to the increase.

“Our $204 million project to design, construct, operate and maintain a 1.7 million gallons per day seawater desalination plant for the Honolulu Board of Water Supply has been steadily advancing through the pilot, design and permitting stage. Due to delays unrelated to us, we now expect to begin the construction of this project early next year. We expect the construction phase to generate the largest portion of revenue from the project.

“Also important to note, about 80% of the plant’s construction fee is subject to adjustments for inflation from the date the contract was executed to the date construction begins. This will help protect our gross margin and profitability against most increases in the cost of goods and services.

“As announced last month, our wholly owned subsidiary, Cayman Water Company, received a new concession from the Cayman Islands government, granting it continued exclusive rights to produce and supply potable water within its service area on Grand Cayman. Discussions with the Cayman Islands utility regulator for the required license are anticipated to begin soon. Our existing operating license will remain in effect until the new one is received.

“Looking ahead, we remain excited about the future of Consolidated Water for many reasons. This includes the continued growth in water sales in Grand Cayman; the long-term, stable recurring revenue from our

2


Caribbean-based bulk water business; and the growth potential of our U.S.-based manufacturing, design-build and O&M businesses.

“Supported by an exceptionally strong balance sheet, we will continue to invest in new infrastructure like the expansion of our West Bay plant to serve the growing water needs of our utility customers in Grand Cayman. We also plan to add additional manufacturing space for Aerex. We expect these investments to ultimately drive future retail and manufacturing revenue growth. Our strong balance sheet also enables us to move quickly and strategically on any potential acquisitions.

“We expect our construction revenue to remain below the record level set in 2023 until we commence construction of the desalination project in Hawaii. However, we see this major construction phase substantially adding to our revenue and earnings growth in 2026 and 2027.”

2024 Financial Summary

Revenue totaled $134 million, declining 26% from $180.2 million in 2023. The decrease was due to decreases of $47 million in the services segment and $922,000 in the bulk segment. The decreases were partially offset by increases of $1.6 million in the retail segment and $104,000 in the manufacturing segment.

Retail revenue increased due to a 4.5% increase in the volume of water sold. The volume of water sold increased due to a 4.3% increase in the number of customer accounts in the company’s license area during the year.

The decrease in bulk segment revenue was due to a decrease in the price of energy for CW-Bahamas which decreased the energy pass-through component of CW-Bahamas’ rates. The decrease in bulk segment revenue was partially offset by the revenue generated by the commencement on May 1, 2024, of the operations and maintenance contract for the new Red Gate desalination plant on Grand Cayman. The decrease also was partially offset by the additional revenue generated by the amendment of the company’s North Sound contract which also became effective on May 1, 2024.

The decrease in services segment revenue was due to plant construction revenue decreasing from $77.3 million in 2023 to $17.6 million in 2024 as the result of two construction projects being completed in 2024. Revenue generated under operations and maintenance contracts totaled $29.3 million in 2024, an increase of 51% from 2023. Newly acquired REC contributed $6.1 million to the increase, with the remainder related to incremental PERC contracts.

Manufacturing segment revenue increased by $104,000 to $17.6 million as compared to $17.5 million in 2023.

Gross profit for 2024 was $45.6 million (34.1% of total revenue), as compared to $61.9 million (34.4% of total revenue) in 2023.

Net income from continuing operations attributable to Consolidated Water stockholders for 2024 was $17.9 million or $1.12 per diluted share, compared to net income of $30.7 million or $1.93 per diluted share in 2023.

3


Including discontinued operations, net income attributable to Consolidated Water stockholders for 2024 was $28.2 million or $1.77 per diluted share, compared to net income of $29.6 million or $1.86 per diluted share in 2023.

Cash and cash equivalents totaled $99.4 million as of December 31, 2024, with working capital of $132.8 million, debt of $0.2 million, and stockholders’ equity of $210 million.

4


Full Year Segment Results

Year Ended December 31, 2024

    

Retail

    

Bulk

    

Services

    

Manufacturing

    

Corporate

    

Total

Revenue

$

31,741,343

$

33,673,387

$

50,956,489

$

17,595,414

$

    

$

133,966,633

Cost of revenue

 

14,199,088

 

23,360,360

 

38,511,535

 

12,271,202

 

 

88,342,185

Gross profit

 

17,542,255

 

10,313,027

 

12,444,954

 

5,324,212

 

 

45,624,448

General and administrative expenses

 

3,263,593

 

1,564,975

 

6,055,409

 

2,456,807

 

14,196,652

 

27,537,436

Gain on asset dispositions and impairments, net

 

2,286

 

 

2,714

 

 

192,786

 

197,786

Income (loss) from operations

14,280,948

8,748,052

6,392,259

2,867,405

(14,003,866)

 

18,284,798

Interest income

 

198,180

 

865,584

 

458,732

 

4

571,690

2,094,190

Interest expense

(93,368)

(8,409)

(70)

(101,847)

Income from affiliates

16,701

252,754

269,455

Other

78,647

39,625

(5,634)

11,993

7,247

131,878

Other income, net

183,459

905,209

444,689

28,698

831,621

2,393,676

Income (loss) before income taxes

 

14,464,407

 

9,653,261

 

6,836,948

 

2,896,103

(13,172,245)

 

20,678,474

Provision for income taxes

 

 

 

1,528,398

 

672,040

18,076

 

2,218,514

Net income (loss) from continuing operations

 

14,464,407

 

9,653,261

 

5,308,550

 

2,224,063

(13,190,321)

 

18,459,960

Income from continuing operations attributable to non-controlling interests

 

 

577,590

 

 

 

577,590

Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

$

14,464,407

$

9,075,671

$

5,308,550

$

2,224,063

$

(13,190,321)

 

17,882,370

Net income from discontinued operations

 

  

 

  

 

  

 

  

 

10,355,184

Net income attributable to Consolidated Water Co. Ltd. stockholders

 

  

 

  

 

  

 

  

$

28,237,554

 

Year Ended December 31, 2023

    

Retail

    

Bulk

    

Services

    

Manufacturing

Corporate

    

Total

Revenue

$

30,158,051

$

34,595,058

$

97,966,650

$

17,491,474

    

$

$

180,211,233

Cost of revenue

 

13,891,229

 

24,128,132

 

66,797,762

 

13,467,005

 

 

118,284,128

Gross profit

 

16,266,822

 

10,466,926

 

31,168,888

 

4,024,469

 

 

61,927,105

General and administrative expenses

 

2,978,164

 

1,737,264

 

4,271,808

 

1,838,284

 

13,926,846

 

24,752,366

Gain (loss) on asset dispositions and impairments, net

 

(21,716)

 

12,720

 

 

2,233

 

(349)

 

(7,112)

Income (loss) from operations

13,266,942

8,742,382

26,897,080

2,188,418

(13,927,195)

 

37,167,627

Interest income

 

181,468

 

362,422

 

151,706

 

4

808

696,408

Interest expense

(123,867)

(21,417)

(145,284)

Income from affiliate

169,728

169,728

Other

93,795

10,793

1,024

2,020

(171)

107,461

Other income, net

151,396

373,215

131,313

2,024

170,365

828,313

Income (loss) before income taxes

 

13,418,338

 

9,115,597

 

27,028,393

 

2,190,442

(13,756,830)

 

37,995,940

Provision (benefit) for income taxes

 

 

 

6,388,457

 

440,111

(78,554)

 

6,750,014

Net income (loss) from continuing operations

 

13,418,338

 

9,115,597

 

20,639,936

 

1,750,331

(13,678,276)

 

31,245,926

Income from continuing operations attributable to non-controlling interests

 

 

573,791

 

 

 

573,791

Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

$

13,418,338

$

8,541,806

$

20,639,936

$

1,750,331

$

(13,678,276)

 

30,672,135

Net loss from discontinued operations

 

  

 

  

 

  

 

  

 

(1,086,744)

Net income attributable to Consolidated Water Co. Ltd. stockholders

 

  

 

  

 

  

 

  

$

29,585,391

5


Revenue earned by major geographic region was:

Year Ended December 31, 

    

2024

    

2023

    

2022

Cayman Islands

$

37,137,424

$

41,728,340

$

30,375,985

The Bahamas

 

29,675,947

 

31,221,633

 

29,943,615

United States

 

66,662,406

 

106,768,621

 

33,338,466

Revenue earned from management services agreement with OC-BVI

 

490,856

 

492,639

 

446,906

$

133,966,633

$

180,211,233

$

94,104,972

The following table presents the company’s revenue disaggregated by revenue source.

 

Year Ended December 31, 

    

2024

    

2023

    

2022

Retail revenue

$

31,741,343

$

30,158,051

$

25,954,013

Bulk revenue

 

33,673,387

 

34,595,058

 

32,991,066

Services revenue

 

50,956,489

 

97,966,650

 

28,835,428

Manufacturing revenue

 

17,595,414

 

17,491,474

 

6,324,465

Total revenue

$

133,966,633

$

180,211,233

$

94,104,972

Services revenue consists of the following:

 

Year Ended December 31, 

    

2024

    

2023

    

2022

Construction revenue

$

17,637,432

$

77,306,704

$

11,616,274

Operations and maintenance revenue

 

29,307,405

 

19,368,365

 

14,152,158

Design and consulting revenue

 

4,011,652

 

1,291,581

 

3,066,996

Total services revenue

$

50,956,489

$

97,966,650

$

28,835,428

Annual General Meeting of Shareholders

The company has set May 27, 2025 as the date of its Annual General Meeting of Shareholders to be held at 3:00 p.m. Cayman Islands time (4:00 p.m. EDT) at the Westin Grand Cayman Seven Mile Beach Resort & Spa, Seven Mile Beach, Grand Cayman, Cayman Islands. Holders of record of the company’s stock as of March 28, 2025 will be entitled to vote at the meeting.

Conference Call

Consolidated Water management will host a conference call tomorrow to discuss these results, followed by a question-and-answer period.

Date: Tuesday, March 18, 2025

Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)

Toll-free dial-in number: 1-844-875-6913

International dial-in number: 1-412-317-6709

Conference ID: 1237348

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Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you require any assistance connecting with the call, please contact CMA at 1-949-432-7566.

A replay of the call will be available after 1:00 p.m. Eastern time on the same day through March 25, 2025, as well as available for replay via the Investors section of the Consolidated Water website at www.cwco.com.

Toll-free replay number: 1-877-344-7529

International replay number: 1-412-317-0088

Replay ID: 1237348

About Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company recently entered the U.S. desalination market with a contract to design, construct, operate and maintain a seawater desalination plant in Hawaii.

The company 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.

For more information, visit cwco.com.

Cautionary Note Regarding Forward-Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "intend", "expect", "should", "will" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to (i) continued acceptance of the company's products and services in the marketplace; (ii) changes in its relationships with the governments of the jurisdictions in which it operates; (iii) the outcome of its negotiations with the Cayman government regarding a new retail license agreement; (iv) the collection of its delinquent accounts receivable in the Bahamas; and (v) various other risks such as economic, operational, and industry-specific risks, as detailed in the company's periodic report filings with the Securities and Exchange Commission (“SEC”). For more information about risks and uncertainties associated with the company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the company’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting the company’s Secretary at the company’s executive offices or at the “Investors – SEC Filings” page of the company’s website at ir.cwco.com/docs. Except as otherwise required by law, the company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
Email Contact

Investor & Media Contact:
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email Contact

8


CONSOLIDATED WATER CO. LTD.

CONSOLIDATED BALANCE SHEETS

 

December 31, 

 

2024

    

2023

ASSETS

  

 

  

Current assets

  

 

  

Cash and cash equivalents

$

99,350,121

$

42,621,898

Accounts receivable, net

 

39,580,982

 

38,226,891

Inventory

 

8,960,350

 

6,044,642

Prepaid expenses and other current assets

 

5,153,984

 

4,056,370

Contract assets

 

4,470,243

 

21,553,057

Current assets of discontinued operations

 

272,485

 

211,517

Total current assets

157,788,165

 

112,714,375

Property, plant and equipment, net

 

52,432,282

 

55,882,521

Construction in progress

 

5,143,717

 

495,471

Inventory, noncurrent

 

5,338,961

 

5,045,771

Investment in affiliates

 

1,504,363

 

1,412,158

Goodwill

 

12,861,404

 

12,861,404

Intangible assets, net

 

2,696,815

 

3,353,185

Operating lease right-of-use assets

3,190,985

2,135,446

Other assets

 

2,356,489

 

3,407,973

Long-term assets of discontinued operations

 

 

21,129,288

Total assets

$

243,313,181

$

218,437,592

LIABILITIES AND EQUITY

 

  

 

  

Current liabilities

 

  

 

  

Accounts payable, accrued expenses and other current liabilities

$

9,057,179

$

11,604,369

Accrued compensation

 

3,336,946

 

3,160,030

Dividends payable

 

1,780,841

 

1,572,655

Current maturities of operating leases

634,947

456,865

Current portion of long-term debt

126,318

192,034

Contract liabilities

 

9,126,654

 

6,237,011

Deferred revenue

365,879

317,017

Current liabilities of discontinued operations

 

509,745

 

364,665

Total current liabilities

 

24,938,509

 

23,904,646

Long-term debt, noncurrent

70,320

191,190

Deferred tax liabilities

 

210,893

 

530,780

Noncurrent operating leases

2,630,812

1,827,302

Other liabilities

 

153,000

 

153,000

Total liabilities

 

28,003,534

 

26,606,918

Commitments and contingencies

 

  

 

  

Equity

 

  

 

  

Consolidated Water Co. Ltd. stockholders' equity

 

  

 

  

Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and outstanding 44,004 and 44,297 shares, respectively

 

26,402

 

26,578

Class A common stock, $0.60 par value. Authorized 24,655,000 shares; issued and outstanding 15,846,345 and 15,771,545 shares, respectively

 

9,507,807

 

9,462,927

Class B common stock, $0.60 par value. Authorized 145,000 shares; none issued

 

 

Additional paid-in capital

 

93,550,905

 

92,188,887

Retained earnings

 

106,875,581

 

85,148,820

Total Consolidated Water Co. Ltd. stockholders' equity

 

209,960,695

 

186,827,212

Non-controlling interests

 

5,348,952

 

5,003,462

Total equity

 

215,309,647

 

191,830,674

Total liabilities and equity

$

243,313,181

$

218,437,592

9


CONSOLIDATED WATER CO. LTD.

CONSOLIDATED STATEMENTS OF INCOME

 

Year Ended December 31, 

 

2024

    

2023

 

2022

Revenue

$

133,966,633

$

180,211,233

$

94,104,972

Cost of revenue

 

88,342,185

 

118,284,128

 

63,749,849

Gross profit

 

45,624,448

 

61,927,105

 

30,355,123

General and administrative expenses

 

27,537,436

 

24,752,366

 

21,070,234

Gain (loss) on asset dispositions and impairments, net

 

197,786

 

(7,112)

 

(12,704)

Income from operations

 

18,284,798

 

37,167,627

 

9,272,185

Other income (expense):

 

  

 

  

 

  

Interest income

 

2,094,190

 

696,408

 

447,186

Interest expense

 

(101,847)

 

(145,284)

 

(46,545)

Equity in the earnings of affiliates

 

269,455

 

169,728

 

102,225

Loss on put/call options

 

 

 

(128,000)

Other

 

131,878

 

107,461

 

89,944

Other income, net

 

2,393,676

 

828,313

 

464,810

Income before income taxes

 

20,678,474

 

37,995,940

 

9,736,995

Provision for income taxes

 

2,218,514

 

6,750,014

 

396,739

Net income from continuing operations

 

18,459,960

 

31,245,926

 

9,340,256

Income from continuing operations attributable to non-controlling interests

 

577,590

 

573,791

 

1,112,913

Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

 

17,882,370

 

30,672,135

 

8,227,343

Net income (loss) from discontinued operations

10,355,184

(1,086,744)

(2,371,049)

Net income attributable to Consolidated Water Co. Ltd. stockholders

$

28,237,554

$

29,585,391

$

5,856,294

Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders

 

  

 

  

 

  

Continuing operations

$

1.13

$

1.95

$

0.54

Discontinued operations

0.65

(0.07)

(0.16)

Basic earnings per share

$

1.78

$

1.88

$

0.38

Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders

 

  

 

  

 

  

Continuing operations

$

1.12

$

1.93

$

0.54

Discontinued operations

0.65

(0.07)

(0.16)

Diluted earnings per share

$

1.77

$

1.86

$

0.38

Dividends declared per common and redeemable preferred shares

$

0.41

$

0.36

$

0.34

Weighted average number of common shares used in the determination of:

 

  

 

  

 

  

Basic earnings per share

 

15,832,328

 

15,739,056

 

15,290,509

Diluted earnings per share

 

15,935,962

 

15,865,897

 

15,401,653

10


v3.25.1
Document and Entity Information
Mar. 17, 2025
Document and Entity Information [Abstract]  
Document Type 8-K
Document Period End Date Mar. 17, 2025
Entity File Number 0-25248
Entity Registrant Name CONSOLIDATED WATER CO. LTD.
Entity Incorporation, State or Country Code KY
Entity Tax Identification Number 98-0619652
Entity Address, Address Line One Regatta Office Park
Entity Address, Adress Line Two Windward Three, 4th Floor
Entity Address, Address Line Three West Bay Road, P.O. Box 1114
Entity Address, City or Town Grand Cayman
Entity Address, State or Province KY
Entity Address, Postal Zip Code KY1-1102
City Area Code 345
Local Phone Number 945-4277
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A common stock, $0.60 par value
Trading Symbol CWCO
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0000928340
Amendment Flag false

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