Consolidated Water Reports Q3 2026 Revenue Decline Amid Lower Services and Manufacturing Volume
Consolidated Water (CWCO) reported a decline in third-quarter 2026 financial results, with total revenue falling 11.9% year-over-year to $30.9 million. Net income dropped significantly to $2.3 million ($0.14 per diluted share) compared to $5.5 million in the prior-year period. The downturn was primarily driven by sharp decreases in services and manufacturing revenue, alongside higher diesel and maintenance costs that compressed gross profit margins to 31.8%. Despite these headwinds, the company saw growth in its retail and bulk segments due to increased energy pass-through charges and new desalination plant revenue in Cat Island. Looking ahead, Consolidated Water maintains a strong liquidity position with $129.2 million in cash and no outstanding debt. Future growth is anchored by a significant $150 million backlog for the Kalaeloa facility in Hawaii and upcoming municipal projects in Florida.
Topics: Financial results Net income decrease Revenue decline Segment performance