Consolidated Water Reports Q2 2019 Results; Revenues up 22% to $18.3 million, Net Income up 13% to $2.5 million or $0.16 per Share
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Consolidated Water Co. (CWCO) Reports In-Line Q2 EPS, Revenues Beat
August 12, 2019 8:32 AM EDTConsolidated Water Co. (NASDAQ: CWCO) reported Q2 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $18.3 million versus the consensus estimate of $16.8 million.
Q2 2019 Financial Highlights
Total revenues increased 22% to $18.3 million.Manufacturing revenue increased 332% to $4.3 million.Gross profit up 22% to $7.6 million.Net income attributable to stockholders increased 13% to $2.5 million or $0.16 per diluted share.$1.3 million in dividends paid.Q2 2019 Operational Highlights
Appointed Jamie Bryan to the new position of Vice President of Manufacturing. Bryan brings to Consolidated Water more than 22 years of... More