Filing Flows › Consolidated Water (CWCO) › Q4 2024
Consolidated Water (CWCO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Consolidated Water (CWCO) reported revenue of $28.4M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and -15% from the quarter before. Operating margin was 3.8%, net earnings $1.5M (5.1% of revenue).
Consolidated Water, Q4 2024: revenue $28.4M (-47% year over year), operating margin 3.8%, net earnings $1.5M, operating cash flow −$742K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.4M | -15% | -47% |
| Gross profit | $8.5M | -27% | -56% |
| Operating profit | $1.1M | -78% | -91% |
| Net earnings | $1.5M | -67% | -85% |
| Operating cash flow | −$742K | — | — |
What changed
Revenue was $28.4M in Q4 2024, down 47% year over year and down 15% from the previous quarter. Services revenue was the largest line at 31% of revenue.
Gross margin was 29.9%, down 6.3 points from a year earlier. Operating profit was $1.1M, a 3.8% margin (down 19.5 points year over year). Operating expenses grew 8% against a revenue fall of 47%. Net earnings were $1.5M, down 85% year over year. The effective tax rate was 2.6%. Non-operating items added $550K, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$742K. Non-cash charges added back $1.7M of depreciation and amortization and $487K of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$3.7M.
Questions
What was Consolidated Water's revenue in the fourth quarter 2024?
Consolidated Water (CWCO) reported revenue of $28.4M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and -15% from the quarter before.
Was Consolidated Water profitable in the fourth quarter 2024?
Operating profit was $1.1M (3.8% of revenue) and net earnings $1.5M.
Source: Consolidated Water 10-K on SEC EDGAR.