Consolidated Water reports stable earnings in 2024

Consolidated Water Company Ltd. held its Q4 2024 earnings call on March 18, 2025. CEO Rick McTaggart and CFO David Sasnett discussed the company's financial performance over the past year. McTaggart noted that revenue and operating income aligned with expectations. This was largely due to the completion of two major projects early in the year. The company also saw gains in its retail and manufacturing segments, which it had anticipated. The growth in retail water sales was noteworthy. Consolidated Water reported selling a record volume of water to a record number of customers in Grand Cayman. This increase can be attributed to the rising population and business activity on the island. However, the bulk segment's revenue and profits remained steady compared to the previous year. In contrast, revenue from the Bahamas decreased. This decline occurred because lower energy pass-through charges reduced costs for their clients, affecting overall income. The call concluded with an invitation for questions from analysts and investors.