EarningsQ2 2026 Earnings Report
MX:CWCON Q2 2026 EPS Results
Actual EPS$4.57
Consensus EPS$3.66
Beat/MissBeat by +$0.91
One Year Ago EPS$5.85
MX:CWCON Q2 2026 Revenue Results
Actual Revenue$601.35M
Expected Revenue$559.81M
Beat/MissBeat by +$41.54M
YoY Revenue Growth-2.15%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
MX:CWCON Upcoming Earnings
Consolidated Water Co's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CWCON Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a cautiously optimistic but balanced outlook. Near-term financial results showed modest revenue decline (-2%), a sharp drop in manufacturing revenue (-49%), and margin/profitability compression (gross margin down 5 percentage points; net income down ~23%). Offsetting these headwinds, the company has a strong balance sheet (cash $132.6M, no significant debt), meaningful growth in bulk (revenue +20%, gross profit +27%), strategic wins and backlog (notably a $10.1M municipal order and procurement authorization of ~$6M for the Hawaii project), a 25-year Grand Cayman license that provides long-term regulatory certainty, and several service/construction wins that should support future revenues. Given the material near-term weaknesses but prominent longer-term catalysts and strong liquidity, the net takeaway is balanced and cautious.Company Guidance
Bulk Revenue Surge and Margin Improvement
Bulk revenue of $9.9M increased 20% year-over-year and bulk gross profit rose ~27%, driven primarily by higher energy pass-through charges to CW Bahamas and contributions from two newly commissioned Cat Island desalination plants (December and April commissioning).
25-Year Grand Cayman Retail License and Tourism Momentum
Received a new 25-year retail water utility license for Grand Cayman (effective Aug 1) that preserves exclusive production/distribution rights and provides long-term regulatory clarity; Grand Cayman stay-over tourism increased ~11.3% in H1 2026 versus H1 2025, supporting retail demand.
Strong Balance Sheet and Liquidity
Cash and cash equivalents of $132.6M (June 30, 2026), working capital $144.6M, stockholders' equity $225.6M and no significant debt, providing flexibility to pursue projects, M&A or return capital to shareholders.
Large Municipal Order & Manufacturing Backlog for 2027
Subsequent to Q2, received purchase orders totaling approximately $10.1M for municipal water treatment equipment in Florida (company's largest municipal membrane equipment order and largest horizontal cartridge filter), supporting a stronger manufacturing outlook for 2027 (delivery scheduled Nov 2027).
Kalaeloa Hawaii Project Progress (Limited NTP)
Received a limited notice to proceed to procure long-lead materials (~$6M) for a 1.7 MGD seawater desalination project in Kalaeloa, Hawaii; increased communications with permitting agencies and management expects construction could start later this year, representing a future revenue/earnings contributor.
Services Construction Revenue and New O&M Win
Services revenue $11.6M (+1% YoY) with construction revenue up $2.5M driven by two projects (a $3.9M Colorado drinking water expansion and an $11.7M California wastewater recycling plant) scheduled for substantial completion this year; signed a new Southern California municipal O&M contract expected to generate ~$4.5M over 3 years.
Cost Reductions and Operating Expense Improvements
Reported cost reductions and lower G&A expenses across retail, bulk and services segments, partially offsetting mix-driven margin pressure in Services.
Strengthened Commercial Leadership
Appointed Sachin Chawla as Senior Vice President of Business Development to expand opportunities in desalination, water reuse, industrial water and other markets.
MX:CWCON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed