Consolidated Water(CWCO)
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Consolidated Water(CWCO) - 2024 Q3 - Earnings Call Transcript
2024-11-16 01:53
财务数据和关键指标变化 - 第三季度营收为3340万美元,较去年同季度下降33%,主要是由于建筑营收减少2060万美元[11] - 本季度持续运营的净收入为500万美元(摊薄后每股0.31美元),去年第三季度为880万美元(摊薄后每股0.55美元)[15] - 本季度综合毛利润为1160万美元,占总营收的34.8%,去年第三季度为1660万美元,占总营收的33%[15] - 本季度包括已终止业务的净收入为450万美元(摊薄后每股0.28美元),去年为860万美元(摊薄后每股0.54美元)[16] - 截至2024年9月30日,公司拥有现金及现金等价物1.049亿美元,营运资金1.339亿美元,债务约20万美元,股东权益总计2.098亿美元[17] 各条业务线数据和关键指标变化 零售业务 - 营收增加,售水量增长4.2%,客户连接数较去年增长4.8%[12] 大宗业务(Bulk) - 营收相对去年较为稳定,由于新的运营和维护合同,毛利率有所增加[5] 服务业务(Services) - 营收下降约一半,主要是由于建筑项目完工导致建筑营收减少[6] - 运营和维护(O&M)营收增加250万美元,其中210万美元来自科罗拉多州的REC子公司,其余来自PERC Water子公司的新增O&M合同[7] 制造业务(Manufacturing) - 营收减少36.2万美元至440万美元,但毛利润增长84%,达到160万美元,原因是专注于高利润产品[14] 各个市场数据和关键指标变化 - 在大开曼岛,零售水销售呈持续增长趋势,由于岛上商业和人口增长[5] - 在巴哈马,由于能源成本降低,能源成本转嫁费用减少,导致巴哈马业务营收下降[20] 公司战略和发展方向和行业竞争 - 继续推进夏威夷1.47亿美元的海水淡化项目,计划明年四季度开始建设阶段,该项目包括两年开发期、两年建设期,建成后将有20年运营维护协议,还有两个五年的可由客户选择的延期[8][9] - 在科罗拉多州,REC子公司整合良好,为公司带来新机遇,公司看好REC和PERC销售团队的协同效应,法定的废水排放要求变化为公司带来设计建造项目机会[22][23] - 在巴哈马,正在进行与水和污水公司的700万美元的15年协议项目,预计为1100多户家庭提供饮用水,还有可能在另外三个岛屿开展项目,每个项目每年可能产生100万美元的增量收入[24][40] - 公司处于大型建筑项目之间的时期,凭借优秀的工厂设计、高效的项目交付模式和丰富的行业经验争取新项目,强大的资产负债表有助于进行新的长期项目投资和潜在的收购[28] - 美国的项目投标市场竞争激烈,公司正在调整以提高竞争力[39] 管理层对经营环境和未来前景的评论 - 宏观层面,水资源稀缺使人们对先进的水处理和海水淡化解决方案兴趣增加,公司的专业能力需求上升[26] - 大开曼岛的水销售增长强劲、加勒比地区的大宗水业务和美国的运营维护业务带来长期经常性收入、制造业务发展趋势良好、夏威夷的海水淡化项目将提升未来营收和收益等因素将支持公司长期增长和盈利[26][27] 其他重要信息 - 预计明年第一季度末完成墨西哥子公司的正式解散,从而消除已终止业务的亏损[16] - 本季度已支付约180万美元股息,未来的流动性需求可能包括未来季度股息(如果董事会宣布)[17] 问答环节所有的提问和回答 问题: 夏威夷海水淡化项目的建设阶段计划何时开始,建设阶段成本占比多少 - 计划于2025年第四季度开始建设阶段,开发阶段约2700万美元,1.47亿美元中的其余部分为建设成本[31][32] - 设计阶段可支取2700万美元,但确认的营收将基于实际发生的成本,建设开始时实际建设价格将重新计算,因为合同中有根据材料和劳动力成本变化调整价格的条款[32] - 建设阶段的营收约占总营收的80%,建设时间两年,但不是平均分配[33][34][35] 问题: PERC、REC在美国的项目储备情况如何 - 公司正在积极投标和争取项目,目前有六七个项目在考虑范围内,过去一年失去了一些项目,但整体机会在增加,过去六到八个月获得了一些低于1000万美元的小项目[36][37][38] - 市场吸引了很多竞争对手的关注,公司正在调整以提高竞争力[39] 问题: 巴哈马的家庭岛屿有多大的机会,有多少潜在项目 - 巴哈马可能还有三个岛屿需要立即关注,这些项目规模较小,每个项目在15 - 20年的合同期内每年可轻松产生100万美元的增量收入[40] 问题: 拿骚接近产能和需求极限,是否有机会 - 公司希望拿骚方面要求增加产能,去年公司在拿骚的设备使用率高达90%以上,远高于向客户保证的数量[41]
Consolidated Water(CWCO) - 2024 Q3 - Quarterly Results
2024-11-15 23:30
营收情况 - 2024年第三季度总营收下降33%至3340万美元,因2023年进行的两个大型建筑项目于今年早些时候完成[3] - 零售营收增长5%至760万美元,销售量增加[3] - 批量营收增长3%至880万美元[3] - 制造营收减少36.2万美元至440万美元[4] - 服务营收下降57%(约1670万美元)至1270万美元[4] - 公司总营收为49854075美元其中零售7216574美元散装8488615美元服务29427664美元制造4721222美元[31] - 公司前九个月总营收为105559105美元[33] - 2024年前三季度营收105559105美元2023年同期为126960328美元[45] 利润情况 - 归属于公司股东的持续经营净收入总计500万美元,合稀释后每股0.31美元,2023年第三季度为880万美元,合稀释后每股0.55美元[5] - 公司成本为33239647美元[31] - 公司毛利润为16614428美元[31] - 公司运营收入为10741938美元[31] - 公司净收入为8605129美元[31] - 公司持续运营净收入为9001551美元[31] - 公司持续运营归属于股东净收入为8838123美元[31] - 2024年前三季度成本为68426210美元2023年同期为84323269美元[45] - 2024年前三季度毛利润为37132895美元2023年同期为42637059美元[45] - 2024年前三季度来自持续经营业务的净利润为16589867美元2023年同期为20906159美元[45] - 2024年前三季度归属于公司普通股股东的持续经营业务净利润为16141143美元2023年同期为20442384美元[45] - 2024年前三季度基本每股收益为1.02美元2023年同期为1.30美元[45] - 2024年前三季度稀释每股收益为1.68美元2023年同期为1.24美元[45] - 2024年前三季度宣布的每股股息为0.30美元2023年同期为0.265美元[45] 业务地区与项目 - 公司在大开曼岛公用事业服务区的零售售水量增长4.2%,客户连接数增长4.8%[7] - 夏威夷1.47亿美元的海水淡化厂项目继续推进,计划明年年底开始建设阶段[14] - 公司在开曼群岛巴哈马和英属维尔京群岛设计建造和运营海水淡化设施[38] - 公司在美国设计建造和运营水处理和回用设施[38] 财务资产情况 - 尽管制造营收小幅下降,但制造毛利润增长84%至160万美元[13] - 公司现金及现金等价物总计1.049亿美元,营运资金为1.339亿美元[6] - 2024年9月30日现金及现金等价物为104869627美元2023年12月31日为42621898美元[43] - 2024年9月30日总资产为238367728美元2023年12月31日为218437592美元[43]
Consolidated Water Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-11-15 21:50
Consolidated Water Co. Ltd. (CWCO) delivered third-quarter 2024 earnings per share (EPS) of 31 cents per share, which surpassed the Zacks Consensus Estimate of 26 cents by 19.2%. However, the bottom line decreased 43.6% from last year’s 55 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Total Revenues of CWCOThe company’s total revenues for the quarter were $33.4 million, which surpassed the Zacks Consensus Estimate of $32 million by 4.4%. However, the top line declined 32.9% ...
Consolidated Water (CWCO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-11-15 08:30
Consolidated Water (CWCO) reported $33.39 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 33%. EPS of $0.31 for the same period compares to $0.55 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $31.77 million, representing a surprise of +5.10%. The company delivered an EPS surprise of +19.23%, with the consensus EPS estimate being $0.26.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...
Consolidated Water Reports Third Quarter 2024 Operating Results
GlobeNewswire News Room· 2024-11-15 05:47
GEORGE TOWN, Cayman Islands, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported results for the third quarter ended September 30, 2024. All comparisons are to the same prior year period unless otherwise noted. Consolidated Water will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below). Third Quarter 2024 ...
Consolidated Water(CWCO) - 2024 Q3 - Quarterly Report
2024-11-15 05:09
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 0-25248 CONSOLIDATED WATER CO. LTD. (Exact name of registrant as specified in its chart ...
What Analyst Projections for Key Metrics Reveal About Consolidated Water (CWCO) Q3 Earnings
ZACKS· 2024-11-11 23:15
Analysts on Wall Street project that Consolidated Water (CWCO) will announce quarterly earnings of $0.26 per share in its forthcoming report, representing a decline of 52.7% year over year. Revenues are projected to reach $31.77 million, declining 36.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announ ...
Consolidated Water Sets Third Quarter 2024 Investor Conference Call for Friday, November 15, 2024 at 11:00 a.m. ET
GlobeNewswire News Room· 2024-11-05 21:31
GEORGE TOWN, Cayman Islands, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, will hold a conference call on Friday, November 15, 2024 at 11:00 a.m. Eastern time to discuss its results for the third quarter ended September 30, 2024. The financial results will be issued in a press release prior to the call. Consolidated Water management will host the call, followed by a qu ...
Consolidated Water (CWCO) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-10-29 07:21
Consolidated Water (CWCO) closed the most recent trading day at $24.65, moving +0.86% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.27%. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%. The developer and operator of desalination plants's stock has dropped by 2.9% in the past month, falling short of the Utilities sector's loss of 2.82% and the S&P 500's gain of 2%. Analysts and investors alike will be keeping a close eye on ...
Consolidated Water to Benefit From Usage of Latest Technology
ZACKS· 2024-09-24 21:11
Consolidated Water Co. Ltd. (CWCO) continues to benefit from the use of the most advanced technology to convert seawater to potable water to meet customer needs. Expansion of operations via acquisitions and organic projects is also boosting its performance. However, this Zacks Rank #3 (Hold) company faces risks related to delay in the collection of accounts receivables and weather fluctuations. CWCO's Tailwinds Nearly 97% of the earth's water is in the ocean. To harness this resource, Consolidated Water uti ...