Filing Flows › Consolidated Water (CWCO) › Q1 2025
Consolidated Water (CWCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Consolidated Water (CWCO) reported revenue of $33.7M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +19% from the quarter before. Operating margin was 13.7%, net earnings $4.8M (14.2% of revenue).
Consolidated Water, Q1 2025: revenue $33.7M (-15% year over year), operating margin 13.7%, net earnings $4.8M, operating cash flow $11.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.7M | +19% | -15% |
| Gross profit | $12.3M | +45% | -11% |
| Operating profit | $4.6M | +327% | -37% |
| Net earnings | $4.8M | +228% | -26% |
| Operating cash flow | $11.8M | — | +98% |
| Free cash flow | $10.2M | — | +88% |
What changed
Revenue was $33.7M in Q1 2025, down 15% year over year and up 19% from the previous quarter. Retail revenue was the largest line at 28% of revenue. Construction revenue lost $7.0M year over year (down 76%), 117% of the total change.
Gross margin was 36.5%, up 1.5 points from a year earlier. Operating profit was $4.6M, a 13.7% margin (down 4.8 points year over year). Operating expenses grew 17% against a revenue fall of 15%. Net earnings were $4.8M, down 26% year over year. The effective tax rate was 4.1%.
Operating cash flow was $11.8M (up 98% year over year), 237% of net income including minority interests. Non-cash charges added back $1.7M of depreciation and amortization and $299K of share-based compensation. Working capital and other items added $4.8M. Capital expenditures of $1.6M left free cash flow of $10.2M.
Questions
What was Consolidated Water's revenue in the first quarter 2025?
Consolidated Water (CWCO) reported revenue of $33.7M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +19% from the quarter before.
Was Consolidated Water profitable in the first quarter 2025?
Operating profit was $4.6M (13.7% of revenue) and net earnings $4.8M.
Source: Consolidated Water 10-Q on SEC EDGAR.