What factors drove the changes in Consolidated Water's revenue and profit?

What does Consolidated Water do and what are its main business segments?

Did Consolidated Water beat or miss consensus estimates last quarter?

What guidance did Consolidated Water's management provide for the next earnings period?

What is the revenue and EPS growth rate for Consolidated Water year over year?

What is Consolidated Water's gross profit margin?

What were the key takeaways from Consolidated Water’s earnings call?

What were the key takeaways from Consolidated Water's earnings call?

- **Revenue Growth**: Q3 2025 revenue up 5% to $35.1M, driven by 6% retail water sales and 7% manufacturing rise.
- **Project Wins**: Secured $11.7M California wastewater plant and $3.9M Colorado drinking water expansion.
- **Margins & Expansion**: 37% gross profit margin vs. 35% prior year; new 17,500 sq. ft. facility enables parallel project execution.
- **Hawaii Project**: $15.6M contracted revenue with Q1 2026 construction start.
- **Florida Growth**: Aligns with 1.5M population rise and stricter water regulations.

**【CEO Summary Section】**
- Q3 2025 revenue grew 5% year-over-year to $35.1 million, driven by 6% increase in retail water sales and 7% rise in manufacturing output. Key projects include a $11.7 million wastewater recycling plant in California and a $3.9 million drinking water expansion in Colorado.
- Gross margin improved in bulk utilities despite 3.7% revenue decline, reflecting cost optimization and higher-margin manufacturing products for nuclear and municipal clients.
- New 17,500 sq. ft. manufacturing facility expansion enables parallel project execution, aligning with Florida's 1.5 million population growth and stricter water regulations.

**【CFO Financial Commentary】**
- GAAP net income of $5.6 million ($0.34/share) vs. $4.5 million ($0.28/share) in Q3 2024, with 37% gross profit margin (vs. 35% prior year). Retail revenue up 6% on 1.84M gallons sold, offsetting 6% bulk decline from lower fuel pass-throughs.
- Services segment grew 22% to $6.4M from construction projects, while manufacturing rose 7% on specialized nuclear and municipal orders.

**【Q&A Highlights】**
- Hawaii seawater desalination project secured all regulatory approvals, set to begin construction Q1 2026 with $15.6M in contracted revenue.
- Colorado Lochbuie plant won first design-build contract, signaling expansion into $3.9M market. Arizona CDRs for $11.7M wastewater plant reflect 36M gallons/year potable water savings.
- Manufacturing margins vary by product mix, but $17.5M facility expansion supports Florida's growth and saline water treatment needs.

Consolidated Water Co. Ltd. (CWCO) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CWCO

CWCO fundamentals

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