The earnings miss and lowered manufacturing outlook are likely to pressure CWCO shares near-term. Watch for the Q2 2026 Cat Island plant commissioning and any Hawaii permit progress as potential catalysts. The strong balance sheet ($126M cash) provides downside protection but does not offset the fundamental weakness in manufacturing and retail.
Price Chart
Executive Summary
Consolidated Water reported Q1 2026 EPS of $0.23 (diluted, including discontinued ops), missing the $0.26 consensus by 11.5%, and revenue of $30.0M, missing the $31.9M estimate by 6.0%. The miss was driven by a 76% plunge in manufacturing revenue and a 9% retail decline due to wet weather, partially offset by growth in bulk and services segments. Management expects full-year manufacturing revenue to be below 2025's record, and the Hawaii project remains delayed, capping near-term upside.
Key Financial Metrics
Key Facts
- Q1 2026 EPS $0.23 vs consensus $0.26 (miss of 11.5%)
- Q1 2026 revenue $30.0M vs consensus $31.9M (miss of 6.0%)
- Manufacturing revenue fell 76% YoY to $1.4M from $5.8M
- Retail revenue down 9% YoY due to 10.2% lower water volume from heavy rainfall
- Bulk revenue up 4% to $8.7M on new Cat Island plant contributions
- Services revenue up 12% to $11.3M, driven by 15% O&M contract growth
- Gross margin contracted to 36% from 37% YoY
- Cash and equivalents $126.3M, working capital $144.3M, no debt concerns
- Management guided full-year 2026 manufacturing revenue below 2025 record
- Hawaii project construction start delayed; no firm date provided
Financial Impact
EPS miss of $0.03 vs consensus; revenue miss of $1.9M; manufacturing segment revenue decline of $4.4M YoY
Risk Factors
- Manufacturing revenue expected below 2025 record, signaling prolonged weakness
- Hawaii project construction start remains uncertain, delaying major revenue recognition
- Retail segment vulnerable to weather variability; wetter conditions could persist
- Heavy reliance on O&M contracts for growth; contract expirations could create gaps
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292415 |
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% | $29.83 (+2.60%) |
Jun 8, 2026 16w ago | Press Release | $29.44 $28.92 | ▼ −1.77% | ▼ −4.82% | $29.83 (+1.34%) |
Jun 5, 2026 17w ago | Press Release | $29.92 $29.77 | ▼ −0.50% | ▼ −4.50% | $29.83 (−0.28%) |
May 26, 2026 18w ago | DEFA14A | $30.18 $29.69 | ▼ −1.62% | ▼ −4.35% | $29.83 (−1.14%) |
May 12, 2026 20w ago | 8-K | $30.34 $29.92 | ▲ +1.38% | ▲ +5.77% | $29.83 (+1.66%) |
May 11, 2026 20w ago | Press Release | $30.34 $29.92 | ▲ +1.38% | ▲ +5.77% | $29.83 (+1.66%) |
Apr 27, 2026 22w ago | Press Release | $33.80 $29.40 | ▲ +13.02% | ▲ +17.80% | $29.83 (+11.73%) |
Apr 22, 2026 23w ago | DEFA14A | $33.52 $29.17 | ▼ −12.98% | ▼ −17.76% | $29.83 (−10.99%) |
Mar 16, 2026 28w ago | Press Release | $31.22 $30.16 | ▼ −3.39% | ▼ −13.25% | $29.83 (−4.43%) |
Mar 2, 2026 30w ago | Press Release | $37.87 $30.18 | ▼ −20.30% | ▼ −29.63% | $29.83 (−21.22%) |
US Market Status
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