Consolidated Water(NASDAQ) CWCO

Consolidated Water Co. brings fresh water to dry regions. It turns seawater into clean drinking water for many people. The company also builds and runs government water systems.

From Filters to Faucets

• Retail Operations: Sells drinking water to homes and businesses in the Cayman Islands; accounts for 26% of revenue for the three months ended June 30, 2026.
• Bulk Water: Supplies large volumes of water to government-owned distributors; generated $9.9 million for the three months ended June 30, 2026.
• Services: Designs and manages water and wastewater treatment systems; earned $11.6 million for the three months ended June 30, 2026.
• Manufacturing: Produces specialized equipment for water treatment and desalination, the process of removing salt; brought in $2.7 million for the three months ended June 30, 2026.

Building the Future of Water

• Secured a new 25-year license in June 2026 to produce and sell potable water in the Cayman Islands.
• Completed construction of two new desalination plants on Cat Island in the Bahamas during 2026.
• Received a notice in July 2026 to begin buying equipment for a $204 million desalination project in Hawaii.
• Extended agreements to operate and maintain two water plants in the Cayman Islands through March 31, 2027.

Why This Water Business Matters

Consolidated Water uses reverse osmosis technology to remove salt and minerals from seawater. This process pushes water through special filters to create drinkable water for islands that lack natural fresh water.

By the Numbers

• Consolidated revenue reached $32.9 million for the three months ended June 30, 2026.
• Net income from continuing operations was $4.0 million for the three months ended June 30, 2026.
• Cash and cash equivalents totaled $132.6 million as of June 30, 2026.
• Working capital was $144.6 million as of June 30, 2026.
• Accounts receivable from a Bahamas government entity reached $18.8 million as of June 30, 2026.

The Bottom Line

Consolidated Water has expanded from a local utility into a developer of water infrastructure across the Caribbean and United States. The company relies on long-term government contracts and proprietary desalination technology to manage essential water supplies.