Consolidated Water Q2 revenue falls on manufacturing segment weakness

Consolidated Water

10/08/2026 21:40

Overview
Water treatment operator Q2 revenue fell 2% yr/yr
Q2 net income from continuing operations dropped to $4.0 mln from $5.2 mln
Manufacturing segment revenue declined 49%, offsetting gains in retail, bulk, and services

Outlook
Company expects manufacturing revenue to improve in future periods based on current backlog
Construction on Hawaii desalination project expected to start later this year
Company sees growth opportunities in U.S. and Caribbean water infrastructure markets

Result Drivers
MANUFACTURING DECLINE - Co said manufacturing revenue fell 49% due to a decrease in new purchase orders compared to the prior year, which had benefited from a large late-2024 order
BULK REVENUE GROWTH - Bulk revenue increased 20% mainly due to higher energy-related revenue in the Bahamas and new desalination plants on Cat Island
RETAIL SEGMENT OFFSET - Retail revenue remained steady as a rate increase for a major non-potable water customer offset a 2% decline in water volume sold

Company press release: ID:nGNX529QJv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$32.90 mln
$30.60 mln (1 Analyst)
Q2 Gross Profit
 
$11 mln
 
Q2 Net Income from Cont Ops
 
$4 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the water & related utilities peer group is "buy"
Wall Street's median 12-month price target for Consolidated Water Co Ltd is $43.00, about 41% above its August 7 closing price of $30.49
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Aug 10 - CECO Environmental Q2 revenue slightly beats on increase in orders, backlog
Aug 10 - Almost three-quarters of England now in drought, UK government says
Aug 10 - Drought scorches Italy's rice belt as water supplies hit record lows​

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)