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Consolidated Water Co. Ltd. — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue declined 11.9% to $30.9 million and net income from continuing operations fell 57% to $2.4 million ($0.15/share) compared to Q3 2025, driven by a 39.7% drop in manufacturing revenue and the expiration of three California O&M contracts.
  • Full-year 2026 manufacturing revenue is expected to remain below 2025 levels, though management anticipates a strong 2027 supported by the Hawaii Kalaeloa facility construction (H1 2027), Pismo Beach project start (Spring 2027), and $45 million in upcoming Florida bids.
  • Strategic progress includes a $39.8 million design-build agreement for the Pismo Beach facility, a $6 million procurement notice for Hawaii long-lead equipment, and a $10.1 million purchase order for Florida membrane equipment.
  • The new 25-year Cayman Water license effective August 2026 secures exclusive rights with an annual rate adjustment mechanism, while the company maintains a strong balance sheet with $129.2 million in cash and $150 million in contracted backlog for the Hawaii project.
Company
CONSOLIDATED WATER CO LTD
Sector
Utilities
Industry
Utilities - Regulated Water