Consolidated Water Q2 Profit Drops 23% as Manufacturing Revenue Halves
CWCO is trading near its 52-week low of $28.17 (7.3% above the low).
Summary
Consolidated Water's Q2 net income fell 23% to $4M as manufacturing revenue plunged 49%, wiping out gains in bulk and services. Revenue of $32.9M beat the lone analyst estimate by 7.5%. The manufacturing drop reflects tough comps against a large late-2024 order, not a structural decline — backlog supports a rebound. Hawaii desalination construction starting later this year offers a growth catalyst, and the 25-year Cayman license secured in June provides long-term stability.
At the time of this announcement, CWCO was trading at $30.24 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $483.8M. The 52-week trading range was $28.17 to $39.12. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.