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Consolidated Water's (CWCO) 2018 Earnings & Revenues Up Y/Y

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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%.

Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise

Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise | Consolidated Water Co. Ltd. Quote


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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