Consolidated Water Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Consolidated Water (NASDAQ:CWCO) Full Year 2024 Results

Key Financial Results

• Revenue: US$134.0m (down 26% from FY 2023).
• Net income: US$17.9m (down 42% from FY 2023).
• Profit margin: 13% (down from 17% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.13 (down from US$1.95 in FY 2023).

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

Consolidated Water EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US.

Performance of the American Water Utilities industry.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Consolidated Water's balance sheet.

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