The Q1 miss and weak manufacturing outlook suggest near-term downside. Watch for the Q2 2026 Cat Island second plant commissioning and Hawaii permit progress as potential catalysts. The strong balance sheet ($126M cash) provides downside protection, but the stock may drift lower until manufacturing orders recover.
Price Chart
Executive Summary
Consolidated Water reported Q1 2026 revenue of $30.0M (-11% YoY) and diluted EPS from continuing ops of $0.24, missing the $0.26 consensus. The miss was driven by a 76% plunge in manufacturing revenue due to order timing and a 9% retail decline from heavy rainfall, partially offset by 12% services growth. The stock will likely trade down on the headline miss and weak manufacturing outlook.
Key Financial Metrics
Key Facts
- Total revenue decreased 11% YoY to $30.0M vs $33.7M in Q1 2025
- Diluted EPS from continuing ops was $0.24 vs $0.31 YoY, missing consensus of $0.26
- Manufacturing revenue collapsed 76% to $1.4M from $5.8M due to order timing
- Retail revenue fell 9% to $8.6M on 10.2% lower water volume from heavy rainfall
- Bulk revenue grew 4% to $8.7M on new Cat Island desalination plant
- Services revenue rose 12% to $11.3M, driven by 15% O&M contract growth
- Gross margin slipped to 36% from 37% YoY
- Cash and equivalents rose to $126.3M; working capital $144.3M
- Management guided manufacturing revenue for full-year 2026 to be below 2025's record
Financial Impact
EPS miss of ~8% vs consensus; revenue miss of ~6% vs consensus; manufacturing segment revenue down $4.4M
Risk Factors
- Further manufacturing revenue weakness if order timing doesn't normalize
- Hawaii desalination project permitting delays pushing revenue recognition further out
- Retail revenue volatility from weather patterns in Grand Cayman
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-059050 |
| Document: cwco-20260511x8k.htm | 0001104659-26-059050 |
| Document: 0001104659-26-059050-index-headers.html | 0001104659-26-059050 |
| Document: 0001104659-26-059050-index.html | 0001104659-26-059050 |
| Document: 0001104659-26-059050.txt | 0001104659-26-059050 |
| 8-K Data (Synthetic) | 0001104659-26-059050 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 24, 2026 14w ago | 8-K | $29.08 $28.20 | ▼ −3.03% | ▼ −6.76% | $29.87 (+2.72%) |
Jun 8, 2026 16w ago | Press Release | $29.44 $28.92 | ▼ −1.77% | ▼ −4.82% | $29.87 (+1.46%) |
Jun 5, 2026 17w ago | Press Release | $29.92 $29.77 | ▼ −0.50% | ▼ −4.50% | $29.87 (−0.17%) |
May 26, 2026 18w ago | DEFA14A | $30.18 $29.69 | ▼ −1.62% | ▼ −4.35% | $29.87 (−1.03%) |
May 12, 2026 20w ago | 8-K | $30.34 $29.92 | ▲ +1.38% | ▲ +5.77% | $29.87 (+1.55%) |
May 11, 2026 20w ago | Press Release | $30.34 $29.92 | ▲ +1.38% | ▲ +5.77% | $29.87 (+1.55%) |
Apr 27, 2026 22w ago | Press Release | $33.80 $29.40 | ▲ +13.02% | ▲ +17.80% | $29.87 (+11.63%) |
Apr 22, 2026 23w ago | DEFA14A | $33.52 $29.17 | ▼ −12.98% | ▼ −17.76% | $29.87 (−10.89%) |
Mar 16, 2026 28w ago | Press Release | $31.22 $30.16 | ▼ −3.39% | ▼ −13.25% | $29.87 (−4.32%) |
Mar 2, 2026 30w ago | Press Release | $37.87 $30.18 | ▼ −20.30% | ▼ −29.63% | $29.87 (−21.12%) |
US Market Status
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