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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Consolidated Water
Consolidated Water (CWCO) investor relations material
Consolidated Water Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
Q3 revenue fell 11.9% YoY to $30.9M; net income including discontinued operations was $2.3M, or $0.14 diluted EPS, as services and manufacturing declines outweighed retail and bulk growth.
Nine-month revenue and earnings also declined YoY; Pismo Beach and Florida orders and a substantial project pipeline support longer-term opportunities.
Financial highlights
Q3 revenue was $30.9M vs. $35.1M YoY; gross profit was $9.8M vs. $12.9M, and operating income was $2.1M vs. $5.8M.
Continuing-operations net income attributable to stockholders was $2.4M, or $0.15 diluted EPS; including discontinued operations, net income was $2.3M, or $0.14 diluted EPS, vs. $5.5M and $0.34.
9M revenue was $93.8M vs. $102.4M; gross profit was $31.7M vs. $38.1M, and operating income was $9.3M vs. $15.7M.
9M net income including discontinued operations was $10.0M, or $0.62 diluted EPS, vs. $15.4M and $0.96.
Outlook and guidance
FY 2026 manufacturing revenue is expected below FY 2025; Florida municipal orders and bid activity support a strong 2027 manufacturing outlook.
Kalaeloa construction is expected to begin in H1 2027, subject to permits and approvals; more than $150M of contracted design and construction backlog remains unrecognized as revenue.
Pismo Beach construction is anticipated to begin in spring 2027; design, permitting, construction, startup and commissioning are expected to span ~24 months.
~$10M of manufacturing bids are expected to be decided in Q4 2026; ~$45M of Florida municipal projects are expected to go to bid within six months.
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Latest events from Consolidated Water
- Strong recurring revenues and major project wins drive growth in global water markets.CWCO
Corporate presentation - Q2 2026 revenue down 2%, with strong bulk growth, weak manufacturing, and major new contracts secured.CWCOQ2 2026
- Shareholders are asked to approve a new, targeted employee stock plan with robust protections.CWCOProxy filing
- Strong financials and major U.S. projects drive growth in water infrastructure and services.CWCOCorporate presentation
- Q1 2026 saw an 11% revenue drop, but bulk/services growth and strong cash support future outlook.CWCOQ1 2026
- Key votes include board elections, share capital increase, and governance amendments.CWCOProxy filing
- Key votes on directors, equity plan, capital structure, and governance highlight strong oversight.CWCOProxy filing
- Recurring segments and margins improved despite a sharp revenue drop; liquidity remains strong.CWCOQ3 2024
- Revenue and net income fell, but gross margin, cash, and segment growth support future outlook.CWCOQ1 2025
Next Consolidated Water earnings date
Q4 202618 Mar, 2027
Consolidated Water
Next Consolidated Water earnings date
Q4 202618 Mar, 2027
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Frequently asked questions
Consolidated Water Co. Ltd. designs, constructs, manages, and operates water production and water treatment plants in areas where natural supplies of potable or non-potable water are scarce or nonexistent. Its systems typically convert seawater or waste-water into safe and reliable products for use by the public, so it can sell water to government utilities and private entities through long-term contracts. The company also offers reverse osmosis services to desalinate brackish groundwater sources.