Consolidated Water Full Year 2023 Earnings: Beats Expectations

Consolidated Water Co. Ltd. -2.18% Post

Consolidated Water Co. Ltd.





0.00% Post

Consolidated Water (NASDAQ:CWCO) Full Year 2023 Results

Key Financial Results

  • Revenue: US$180.2m (up 92% from FY 2022).
  • Net income: US$30.7m (up 273% from FY 2022).
  • Profit margin: 17% (up from 8.7% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: US$1.95 (up from US$0.54 in FY 2022).
NasdaqGS:CWCO Earnings and Revenue History March 29th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Consolidated Water Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%.

Looking ahead, revenue is expected to decline by 6.1% p.a. on average during the next 2 years, while revenues in the Water Utilities industry in the US are expected to grow by 6.6%.

Performance of the American Water Utilities industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Consolidated Water (1 is significant!) that you need to take into consideration.

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