Overview

* Consolidated Water ( CWCO ) Q2 revenue rises 3% to $33.6 mln, beating analyst expectations, per LSEG data

* Net income from continuing operations increases to $5.2 mln, $0.32/share

* Co raises quarterly dividend 27.3% to $0.14/share

Outlook

* Company expects to start Hawaii desalination plant construction early next year

* Company expects continued growth in manufacturing segment due to nuclear industry demand

Result Drivers

* RETAIL GROWTH - Retail revenue increased 6% due to higher water sales volumes from less rainfall and population growth

* MANUFACTURING BOOST - Manufacturing revenue rose 33%, driven by demand for water purification equipment for the nuclear industry

* SERVICES DECLINE - Services revenue decreased 4% due to lower construction activity, particularly in Hawaii

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $33.60 $32.80

Revenue mln mln (2

Analysts

)

Q2 Net $5.20

Income mln

from

Cont Ops

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the water & related utilities peer group is "buy."

* Wall Street's median 12-month price target for Consolidated Water Co Ltd ( CWCO ) is $38.50, about 23.9% above its August 8 closing price of $29.29

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)