Consolidated Water Co. Ltd. (CWCO) Earnings Call Transcripts

Consolidated Water Co. Ltd.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Consolidated Water Co. Ltd. reported a revenue of $30 million, reflecting an 11% decline year-over-year, primarily due to decreased manufacturing and retail segment revenues. Net income attributable to shareholders decreased to $3.8 million, or $0.24 per diluted share, compared to $4.9 million, or $0.31 per diluted share in the prior year. Management indicated that while manufacturing revenue is expected to remain below 2025 levels, growth in the bulk and services segments, driven by strong tourism and new contracts, could provide support for future performance.

Reported metrics

Guidance from management

Management expects manufacturing revenue for the full fiscal year 2026 to be less than the record levels achieved in 2025, but anticipates growth in the bulk and services segments to support overall performance.

What management said

So I wouldn't say there's any friction. It's just taken a painfully long time to get through this process with one particular permit. And there's other -- that permit is a prerequisite for a number of other important permits. We don't see any like problems other than the delay. I mean they haven't come back to us and said that we have to make changes to the project or anything like that at this point. So I mean that'...

Yes. I think this year is closer to representative, yes. I think last year was incredibly dry. It was like a 30-year sort of drought there. So there is more rain this year. You can't really predict...

What analysts pressed on

Analysts expressed concerns regarding the delays in the Hawaii desalination project and its potential impact on revenue recognition. There were also questions about the sustainability of retail revenue given the variability in rainfall and tourism.

Main topics on the call

• Revenue Decline in Key Segments — Consolidated Water's revenue decreased by $4.4 million in the manufacturing segment and $834,000 in the retail segment, leading to an overall revenue drop of 11%. CEO Rick McTaggart noted that the retail revenue decline ...
• Growth in Bulk and Services Segments — Despite the overall revenue decline, the bulk and services segments showed growth, with services revenue increasing by 15% due to new O&M contracts. Management highlighted that 'gross profit and operating income in our b...
• Impact of Tourism on Retail Sales — Record-breaking tourism in the Cayman Islands, with a reported '11.1% growth in stay-over visitor arrivals,' partially offset the retail revenue decline. Management expects that lower rainfall in April will support retai...
• Manufacturing Revenue Outlook — Management projected that manufacturing revenue for the full fiscal year 2026 will be less than the record levels achieved in 2025. CFO David Sasnett stated, 'we believe that manufacturing revenue for the full 2026 fisca...

Read the full Consolidated Water Co. Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Consolidated Water Co. Ltd. earnings call transcripts on record, spanning March 16, 2020 to May 12, 2026. Based on this history, Consolidated Water Co. Ltd. reports quarterly. The most recent call on file is dated May 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CWCO

Exchange

NasdaqGS

Country

US

Sector

Utilities

Industry

Water Utilities

Calls on record

27

First call

March 16, 2020

Most recent

May 12, 2026

Reporting cadence

quarterly