Cayman's Consolidated Water Q1 revenue falls on weaker manufacturing, retail sales

Consolidated Water Co

11/05/2026 22:44

Overview

Cayman Islands water treatment firm's Q1 revenue fell 11% yr/yr on lower manufacturing and retail sales

Q1 net income from continuing operations declined compared to prior year

Retail segment impacted by higher rainfall in Grand Cayman, reducing water sales volume

Outlook

Company expects manufacturing revenue for 2026 to be below 2025 record levels

Consolidated Water anticipates construction revenue to rise after Hawaii project begins later in 2026

Company expects remaining revenue from U.S. construction projects to be realized primarily in 2026

Result Drivers

MANUFACTURING REVENUE DROP - Co said manufacturing revenue fell 76% due to fewer and later purchase orders compared to last year, which included a large order in late 2024

RETAIL SALES IMPACTED BY RAINFALL - Retail revenue decreased 9% as significantly greater rainfall on Grand Cayman reduced water sales volume by about 10%

BULK AND SERVICES SEGMENT GROWTH - Bulk revenue rose due to new revenue from a recently commissioned Bahamas plant; services revenue increased 12% on higher O&M contract activity, including a new California municipal client

Company press release: ID:nGNXcclzLB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$30 mln
$31.90 mln (1 Analyst)
Q1 Cont Ops EPS
$0.24
Q1 Net Income from Cont Ops
$3.80 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 30.6% above its May 8 closing price of $32.92

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 24 three months ago

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(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.)