Consolidated Water Co. Ltd. (CWCO - Free Report) reported 2018 earnings of 68 cents per share, beating the year-ago figure of 34 cents by 100%.
Total Revenues
The company’s total revenues in 2018 came in at $65.7 million, surpassing the year-ago figure of $59.4 million. The year-over-year improvement can be attributed to better contribution from all its business segments.
Segment Details
Retail revenues in 2018 increased 10.3% year over year to $25.6 million.
Bulk revenues came in at $31 million in 2018, up 8% from the prior-year figure.
Manufacturing revenues amounted to nearly $7.3 million, up 4.3% year over year.
Services revenues of $1.8 million were up from the year-ago level by 260%.
Highlights of the Release
In 2018, total cost of revenues increased 9.9% year over year to $38 million, owing to increase in costs from all the segments (except manufacturing) of the company.
General and administrative expenses increased marginally by 0.1% from a year ago to $18.7 million.
As of Dec 31, 2018, Consolidated Water’s cash and cash equivalents totaled $31.3 million, down from $45.8 million in the corresponding period of 2017.
Zacks Rank
Currently, Consolidated Water carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Water Supply Utilities’ Release
Here are some players from the water utility space that have reported fourth-quarter earnings. California Water Service Group (CWT - Free Report) , SJW Group (SJW - Free Report) and Middlesex Water Company (MSEX - Free Report) beat the Zacks Consensus Estimate by 14.3%, 25% and 2.4%, respectively.
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Consolidated Water Co. Ltd. (CWCO - Free Report) reported 2018 earnings of 68 cents per share, beating the year-ago figure of 34 cents by 100%.
Total Revenues
The company’s total revenues in 2018 came in at $65.7 million, surpassing the year-ago figure of $59.4 million. The year-over-year improvement can be attributed to better contribution from all its business segments.
Segment Details
Retail revenues in 2018 increased 10.3% year over year to $25.6 million.
Bulk revenues came in at $31 million in 2018, up 8% from the prior-year figure.
Manufacturing revenues amounted to nearly $7.3 million, up 4.3% year over year.
Services revenues of $1.8 million were up from the year-ago level by 260%.
Highlights of the Release
In 2018, total cost of revenues increased 9.9% year over year to $38 million, owing to increase in costs from all the segments (except manufacturing) of the company.
General and administrative expenses increased marginally by 0.1% from a year ago to $18.7 million.
As of Dec 31, 2018, Consolidated Water’s cash and cash equivalents totaled $31.3 million, down from $45.8 million in the corresponding period of 2017.
Zacks Rank
Currently, Consolidated Water carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Water Supply Utilities’ Release
Here are some players from the water utility space that have reported fourth-quarter earnings. California Water Service Group (CWT - Free Report) , SJW Group (SJW - Free Report) and Middlesex Water Company (MSEX - Free Report) beat the Zacks Consensus Estimate by 14.3%, 25% and 2.4%, respectively.
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
Click to get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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