Consolidated Water Co. Ltd. (CWCO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for joining us today to discuss Consolidated Water Co.'s second quarter of 2026 operating and financial results. Hosting the call today is the Chief Executive Officer of Consolidated Water, Rick McTaggart, and the company's Chief Accounting Officer, Douglas Vizzini. Following their remarks, we'll open the call to your questions. At any time during the call, you may join the Q&A queue by pressing star, then 1 on your telephone keypad. Before we conclude today's call, I'll provide some important cautions regarding the forward-looking statements made by management during the call. I'd like to remind everyone that today's call is being recorded and it will be made available for telecom replay. Please see the instructions in yesterday's press release that has been posted to the investor relations section of the company's website. Now, I'd like to turn the call over to Consolidated Water's CEO, Rick McTaggart. Sir, please go ahead. Thanks, Nick. Good morning, everyone. I appreciate you joining us today. While our consolidated second quarter revenue reflected softness in manufacturing, we were pleased to see growth across our retail, bulk, and services segments, along with some important developments that support our outlook for the balance of this year and into 2027. Retail revenue increased modestly Despite wetter weather, which reduced Grand Cayman water sales volume by 2%, the increase in retail revenue is driven by a base water rate increase for a major non-potable water customer, and this was following the May 2026 expiration of its concessionary water purchase agreement. Our bulk revenue increased 20%, and bulk gross profit increased 27%. mainly due to higher energy pass-through charges by our Bahamas company. The results also benefited from t...