Consolidated Water Co. Ltd. (CWCO) Q2 2024 Earnings Call Transcript Summary
Consolidated Water Co. Ltd. (CWCO) Q2 2024 Earnings Call Transcript Summary
Net income from continuing operations fell to $4.2 million, or $0.26 per share.The following is a summary of the Consolidated Water Co. Ltd. (CWCO) Q2 2024 Earnings Call Transcript:
以下是 Consolidated Water Co. Ltd. (consolidated water) 2024財季業績會的摘要：
Financial Performance:
金融業績：
Q2 2024 revenue dropped 27% to $32.5 million due to decreased construction revenue.
Net income from continuing operations fell to $4.2 million, or $0.26 per share.
由於施工收入減少，2024年Q2收入下降27％至3250萬美元。
持續經營的淨利潤下降至420萬美元，每股收益爲0.26美元。
Business Progress:
業務進展：
Completed $81 million water treatment plant in Goodyear, Arizona.
Acquired REC, adding $1.9 million to revenue, expanding presence in Colorado.
在亞利桑那州古迪爾（Goodyear）完成了一個8100萬美元的水處理廠。
收購REC，爲收入增加了190萬美元，擴大了在科羅拉多州的業務。
Opportunity:
機會：
Retail segment revenue grew 8% to $8.2 million in Grand Cayman.
Long-term contracts for desalination plants ensure stable revenue streams.
賣場部門的收入在大開曼島增長了8％，爲820萬美元。
淡化廠長期合同確保穩定的收入流。
Risk:
風險：
Timing of design-build projects causes revenue variability in Services segment.
Contract cancellation with Mexico government poses geopolitical risks.
設計施工合同執行時間導致服務部門收入變化。
與墨西哥政府的合同取消帶來地緣政治風險。
Financial Performance:
金融業績：
Consolidated Water Co. Ltd. reported Q2 2024 revenue of $32.5 million, a 27% decrease from the previous year, primarily due to a drop in construction revenue.
Net income from continuing operations was $4.2 million, or $0.26 per diluted share, down from $7.5 million or $0.47 per share last year.
Including discontinued operations, net income was $15.9 million, or $0.99 per diluted share, versus $7.3 million, or $0.46 per share, year-over-year.
High liquidity with cash and equivalents of $96.7 million as of June 30, 2024, boosted by a settlement from the Mexico government.
Consolidated Water Co. Ltd.報告2024財季營業收入爲3250萬美元，比去年同期下降了27％，主要是施工收入下降導致的。
持續經營的淨利潤爲420萬美元，每股攤薄收益爲0.26美元，低於去年的750萬美元或每股0.47美元。
包括停產業務，在攤薄後每股淨利潤爲1.59美元，低於去年同期的730萬美元或每股0.46美元。
截至2024年6月30日，現金及現金等價物達到9670萬美元，受到墨西哥政府的和解款的支持。
Business Progress:
業務進展：
Completed the $81 million water treatment plant in Goodyear, Arizona.
Completed the new 2.6 million gallon per day Red Gate desalination plant in Grand Cayman.
Revenue from operations and maintenance contracts increased by 75% to $7.1 million.
Acquired REC to expand in Colorado's water-stressed regions, contributing $1.9 million to revenue.
Development activities continue for the $147 million desalination plant project in Honolulu, Hawaii.
Received a 15-year agreement to design, build, and operate two desalination plants in the Bahamas.
在亞利桑那州古迪爾完成了一個8100萬美元的水處理廠。
在大開曼島完成了新的每日260萬加侖 Red Gate 淡化廠。
運營維護合同的收入增加了75％，達到710萬美元。
收購 REC 以擴大在科羅拉多州水資源緊張地區的業務，爲收入增加了190萬美元。
在夏威夷檀香山繼續開發14700萬美元的淡化廠項目。
獲得15年的協議，設計、建造和運營巴哈馬的兩個淡化廠。
Opportunities:
機會：
The growth in the retail segment revenue by 8% to $8.2 million due to increased water demand in Grand Cayman reflects potential for further expansion.
Long-term operations and maintenance contracts for new and existing desalination plants provide stable revenue streams.
The Hawaii project and upcoming projects in the Bahamas signify potential for major revenue from large-scale water infrastructure projects.
Expansion of operations in water-stressed regions like Colorado and potential industrial markets for water treatment equipment present new growth avenues.
在大開曼島銷售部門的收入增長了8％，達到820萬美元，這反映出未來可能進一步擴張的潛力。
新建和現有海水淡化廠的長期運營和維護合同提供穩定的營業收入。
夏威夷項目和即將在巴哈馬展開的項目，預示着大型水利基礎設施項目可能帶來重大的營業收入。
在缺水地區，比如科羅拉多州，以及水處理設備潛在的工業市場擴展運營，爲公司開拓了新的增長渠道。
Risks:
風險：
Revenue variability in the Services segment due to the timing of large design-build projects could impact consistent revenue streams.
The Mexico government contract cancellation, although settled, highlights geopolitical and contractual risks in international projects.
由於大型設計建造項目的時間差異，服務業績收入的變動可能會影響到持續的營收。
墨西哥政府合同被取消，雖然已經解決，但凸顯了國際項目中的地緣政治和合同風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
