8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

November 14, 2022

(Date of earliest event reported)

CONSOLIDATED WATER CO. LTD.

(Exact Name of Registrant as Specified in Charter)

Cayman Islands, B.W.I.	0-25248	98-0619652
(State or Other Jurisdiction of	(Commission File No.)	(IRS Employer Identification No.)
Incorporation)

Regatta Office Park

Windward Three, 4^th Floor

West Bay Road, P.O. Box 1114

Grand Cayman, KY1-1102

Cayman Islands

(Address of Principal Executive Offices)

(345) 945-4277

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, $0.60 par value	CWCO	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 2.02. Results of Operations and Financial Condition.

On November 14, 2022, Consolidated Water Co. Ltd. (the “Company”) issued a press release announcing its results of operations for the third quarter ended September 30, 2022. A copy of the press release is attached as Exhibit 99.1 to this report.

The information in this report, including the exhibit hereto, is being “furnished” in accordance with General Instruction B.2 of Form 8-K. As such, this information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filings with the Securities and Exchange Commission unless it is explicitly so incorporated in such filings.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Title
99.1	Press release issued by the Company on November 14, 2022
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CONSOLIDATED WATER CO. LTD.
	By:	/s/ David W. Sasnett
	Name:	David W. Sasnett
	Title:	Executive Vice President & Chief Financial Officer
Date: November 15, 2022

3

EX-99.1

Consolidated Water Reports Third Quarter 2022 Results

GEORGE TOWN, Grand Cayman, Cayman Islands, November 14, 2022 -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, reported results for the third quarter and nine months ended September 30, 2022. All comparisons are to the same year-ago period unless otherwise noted.

The company will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below).

Third Quarter 2022 Financial Highlights

● Total revenue increased 53% to $25.1 million.

● Retail revenue increased 20% to $6.3 million.

● Bulk revenue increased 26% to $8.7 million.

● Services revenue increased 172% to $8.7 million.

● Net income from continuing operations attributable to company stockholders was $824,000 or $0.05 per share.

● Paid quarterly cash dividend of $0.085 per share ($0.34 on an annualized basis), totaling $1.2 million in dividends in the third quarter of 2022.

● As of September 30, 2022, cash and cash equivalents totaled $51.1 million, up $2.0 million from $49.1 million as of June 30, 2022, with working capital at $71.1 million, debt of only $0.2 million, and stockholders’ equity totaling $158.8 million.

● Secured a $10 million revolving credit line with Scotia Bank to assist with short-term financing and working capital needs.

Third Quarter 2022 Operational Highlights

● Commenced construction of $82 million advanced water treatment plant in Goodyear, Arizona.

● Completed the design and preliminary construction permitting for the 2.64 million gallon per day seawater desalination plant in the Cayman Islands.

● In August, all COVID-related travel restrictions to enter the Cayman Islands were eliminated by the Cayman Islands government, indicating that the 2023 tourist season and the associated volume of water sold will return to more historical levels.

Management Commentary

“Our 53% increase in revenue in Q3 reflected strong growth across three of our four business segments,” commented Consolidated Water CEO, Rick McTaggart. “However, certain higher G&A expenses last quarter

1

affected net income, including employee bonus accruals resulting from our strengthened financial performance, higher salaries due to cost-of-living increases that were given earlier this year, and bank fees related to the transfer of our profits from our Bahamas subsidiary.

“Our retail water segment benefited from a 14% increase in the volume of water sold in Grand Cayman that was due to the continued return of tourist activity to the Cayman Islands. Our services segment revenue increased by $5.5 million, due primarily to PERC Water’s ongoing construction of an $82 million advanced water treatment plant in Goodyear, Arizona. We anticipate reporting additional revenue from this project in the fourth quarter and throughout 2023, and until the construction is completed by June 2024 as planned.

“Also in Q3, we completed the design and preliminary permitting activities for the new desalination plant we are constructing on Grand Cayman under the 10-year design, build and operate contract with the island’s water authority. While the revenue generated by the design phase of this project was minimal in Q3, we broke ground last month and expect to recognize significant additional revenue beginning in the fourth quarter.

“We expect revenue generated over the approximate 11.5-year term of the water authority contract to total about $20 million (based on January 2022 values). We expect the majority of the revenue to be generated by the construction and sale of the plant during the first 18 months, with the rest earned from bulk water sales over the following 10 years.

“We are finally seeing some increased activity in the Caribbean market for seawater desalination and are following some opportunities there. We are also awaiting the resolution of the design, build, operate bidding process for a 1.7 million gallon per day seawater plant in Honolulu, Hawaii, which has been extended to the end of this year.

“Our California-based subsidiary, PERC Water, has been working on some exciting wastewater recycling projects in the Southwestern U.S. In October, we announced that PERC was awarded an expanded 10-year, $49.2 million contract to operate and maintain two advanced water treatment facilities in Southern California.

“This milestone win is the longest-term operation and maintenance contract PERC has ever signed, and represents an affirmation of the world-class services that PERC provides. This win also supports our plans for growing this segment of our business in the Western U.S., a region that has been experiencing unprecedented drought conditions.

“Also in October, we exercised our option to purchase the remaining 39% minority interest in PERC. The purchase price will be based upon a third-party valuation which is currently underway.

“While we saw some quarterly and year-over-year growth in our manufacturing segment in Q3, it continued to be held back by supply chain constraints as well as challenging economic conditions that increased costs. However, we began to see improvement last month, which allowed us to advance more of our large order backlog through the manufacturing process. Our contracted manufacturing backlog increased over the past three months to a record $20 million, and we anticipate most of this will be booked as revenue next year.

“Looking ahead with our retail water operations, while visitor numbers to the Cayman Islands remain below pre-COVID-19 levels, we are encouraged by recent indications that the 2023 tourist season will return to more historical levels. In August, all COVID-related restrictions for travel to the Cayman Islands were eliminated by the Cayman Islands government. Then earlier this month, Cayman Airlines resumed its nonstop flights from Los Angeles to Grand Cayman.

“In all, we see many positive factors driving continued growth for Consolidated Water over the coming quarters, from continued recovery of tourism in Grand Cayman and ongoing construction projects there and in the U.S., to our manufacturing backlog and the increased project bidding activity in the U.S. and the Caribbean. We expect that the more than $150 million in major multi-year projects that we secured this year will have a greater positive impact to our earnings in future quarters, while supporting our outlook for continued growth in our services segment. All of these activities and trends represent strong catalysts for growth and positive returns ahead.”

2

Third Quarter 2022 Financial Summary

Revenue for the third quarter of 2022 was $25.1 million, up 53% compared to $16.4 million in the same year-ago period. The increase was primarily driven by increases of $1.0 million in the retail segment, $1.8 million in the bulk segment, $5.5 million in the services segment and $291,000 in the manufacturing segment.

The increase in retail revenue reflects a 14% increase in the volume of water sold. The retail revenue also increased as a result of higher energy costs that increased the energy pass-through component of the company’s water rates, as well as a more favorable rate mix.

The increase in bulk segment revenue was attributable to an increase in energy costs for CW-Bahamas, which increased the energy pass-through component of CW-Bahamas’ rates.

The increase in services segment revenue was due to increases in both plant design and construction revenue and operating and maintenance revenue, with most of the revenue increase resulting from PERC’s progress on its contract with Liberty Utilities for the construction of a water treatment plant in Goodyear, Arizona.

The increase in manufacturing segment revenue wasdue to slightly greater project activity.

Gross profit for the third quarter of 2022 was $6.8 million or 27.3% of total revenue, up 20% from $5.7 million or 34.7% of total revenue for the same year-ago period.

Net income from continuing operations attributable to Consolidated Water stockholders for the third quarter of 2022 was $824,000 or $0.05 per basic and diluted share, compared to net income of $1.4 million or $0.09 per basic and diluted share for the same year-ago period.

Net income attributable to Consolidated Water stockholders for the third quarter of 2022, which includes the results of discontinued operations, was $318,000 or $0.02 per basic and fully diluted share, up from net income of $286,000 or $0.02 per basic and fully diluted share for the same year-ago period.

Cash and cash equivalents totaled $51.1 million as of September 30, 2022, as compared to $49.1 million as of June 30, 2022. The increase was due to cash generated from operating activities.

First Nine Months 2022 Financial Summary

Revenue for the first nine months of 2022 was $65.7 million, up 31% compared to $50.2 million in the same year-ago period. The increase was primarily driven by increases of $2.5 million in the retail segment, $4.6 million in the bulk segment, $8.0 million in the services segment and $345,000 in the manufacturing segment.

Retail revenue increased primarily due to a 10% increase in the volume of water sold. The retail revenue also increased as a result of higher energy costs that increased the energy pass-through component of the company’s water rates, as well as a more favorable rate mix.

The increase in bulk segment revenue was due to an increase in energy costs for CW-Bahamas, which increased the energy pass-through component of CW-Bahamas’ rates and, to a lesser extent, an increase of 4% in the volume of water sold by CW-Bahamas.

The increase in services segment revenue was due to increases in both plant design and construction revenue and operating and maintenance revenue, with most of the revenue increase resulting from PERC’s progress on its contract with Liberty Utilities for the construction of a water treatment plant in Goodyear, Arizona.

3

The increase in manufacturing segment revenue was due to slightly greater project activity.

Gross profit for the first nine months of 2022 was $21.5 million or 32.7% of total revenue, up 20% from $17.9 million or 35.6% of total revenue in the same year-ago period.

Net income from continuing operations attributable to stockholders for the first nine months of 2022 was $5.9 million or $0.38 per basic and diluted share, compared to net income of $1.2 million or $0.07 per basic and diluted share in the same year-ago period.

Net income attributable to Consolidated Water stockholders for the first nine months of 2022, which includes the results of discontinued operations, was $4.3 million or $0.28 per basic and fully diluted share, up from a net loss of $390,000 or $(0.03) per basic and fully diluted share in the same year-ago period.

Third Quarter Segment Results

	Three Months Ended September 30, 2022
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	6,274,650	$	8,667,931	$	8,731,124	$	1,378,000	$	25,051,705
Cost of revenue		3,231,973		6,446,549		7,333,982		1,195,428		18,207,932
Gross profit		3,042,677		2,221,382		1,397,142		182,572		6,843,773
General and administrative expenses		3,818,459		473,534		936,708		381,949		5,610,650
Gain on asset dispositions		1,499		2,000		—		—		3,499
Income (loss) from operations	$	(774,283)	$	1,749,848	$	460,434	$	(199,377)		1,236,622
Other income (loss), net										(168,980)
Income before income taxes										1,067,642
Income tax provision										26,616
Net income from continuing operations										1,041,026
Income from continuing operations attributable to non-controlling interests										217,415
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										823,611
Loss from discontinued operations										(505,917)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	317,694

4

	Three Months Ended September 30, 2021
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	5,247,042	$	6,868,134	$	3,210,584	$	1,087,386	$	16,413,146
Cost of revenue		2,745,796		4,628,386		2,410,430		937,935		10,722,547
Gross profit		2,501,246		2,239,748		800,154		149,451		5,690,599
General and administrative expenses		3,067,696		313,420		758,540		219,384		4,359,040
Gain on asset dispositions		612		—		—		—		612
Income (loss) from operations	$	(565,838)	$	1,926,328	$	41,614	$	(69,933)		1,332,171
Other income, net										152,168
Income before income taxes										1,484,339
Income tax benefit										(11,230)
Net income from continuing operations										1,495,569
Income attributable to non-controlling interests										131,609
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										1,363,960
Loss from discontinued operations										(1,078,367)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	285,593

First Nine Months Segment Results

	Nine Months Ended September 30, 2022
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	19,114,653	$	24,442,324	$	18,530,427	$	3,589,333	$	65,676,737
Cost of revenue		9,404,124		16,781,251		14,849,029		3,177,299		44,211,703
Gross profit		9,710,529		7,661,073		3,681,398		412,034		21,465,034
General and administrative expenses		10,613,975		1,187,909		2,554,721		1,046,853		15,403,458
Gain on asset dispositions		2,699		2,000		16,538		—		21,237
Income (loss) from operations	$	(900,747)	$	6,475,164	$	1,143,215	$	(634,819)		6,082,813
Other income, net										548,729
Income before income taxes										6,631,542
Income tax provision										83,041
Net income from continuing operations										6,548,501
Income from continuing operations attributable to non-controlling interests										691,042
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										5,857,459
Loss from discontinued operations										(1,533,064)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	4,324,395

5

	Nine Months Ended September 30, 2021
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	16,633,137	$	19,826,075	$	10,514,669	$	3,244,106	$	50,217,987
Cost of revenue		8,235,699		13,170,333		8,010,767		2,919,226		32,336,025
Gross profit		8,397,438		6,655,742		2,503,902		324,880		17,881,962
General and administrative expenses		9,757,179		994,779		2,152,145		943,727		13,847,830
Gain (loss) on asset dispositions and impairments, net		(246,028)		1,500		(433)		(2,900,000)		(3,144,961)
Income (loss) from operations	$	(1,605,769)	$	5,662,463	$	351,324	$	(3,518,847)		889,171
Other income, net										699,890
Income before income taxes										1,589,061
Income tax benefit										(20,735)
Net income from continuing operations										1,609,796
Income from continuing operations attributable to non-controlling interests										457,540
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										1,152,256
Loss from discontinued operations										(1,542,540)
Net loss attributable to Consolidated Water Co. Ltd. stockholders									$	(390,284)

Conference Call

Consolidated Water management will host a conference call tomorrow to discuss these results, followed by a question-and-answer period.

Date: Tuesday, November 15, 2022

Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)

Toll-free dial-in number: 1-844-875-6913

International dial-in number: 1-412-317-6709

Conference ID: 8640208

Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact CMA at 1-949-432-7566.

A replay of the call will be available after 1:00 p.m. Eastern time on the same day through November 22, 2022, as well as available for replay via the Investors section of the Consolidated Water website at www.cwco.com.

Toll-free replay number: 1-877-344-7529

International replay number: 1-412-317-0088

Replay ID: 8640208

About Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company operates water production facilities in the Cayman Islands, The Bahamas and the British Virgin Islands and operates water treatment facilities in the United States. The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment. For more information, visit www.cwco.com.

6

Cautionary Note Regarding Forward-Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "intend", "expect", "should", "will" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to (i) continued acceptance of the company's products and services in the marketplace; (ii) changes in its relationships with the governments of the jurisdictions in which it operates; (iii) the outcome of its negotiations with the Cayman government regarding a new retail license agreement; (iv) the collection of its delinquent accounts receivable in the Bahamas; (v) the possible adverse impact of the COVID-19 virus on the company’s business; and (vi) various other risks, as detailed in the company's periodic report filings with the Securities and Exchange Commission (“SEC”). For more information about risks and uncertainties associated with the company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the company’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting the company’s Secretary at the company’s executive offices or at the “Investors – SEC Filings” page of the company’s website at http://ir.cwco.com/docs. Except as otherwise required by law, the company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:David W. SasnettExecutive Vice President and CFOTel (954) 509-8200dsasnett@cwco.com

Investor Relations ContactRon Both or Grant StudeCMATel (949) 432-7566Email Contact

Media Contact:
Tim RandallCMATel (949) 432-7572Email Contact

7

CONSOLIDATED WATER CO. LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30,		December 31,
	2022		2021
	(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	51,085,289	$	40,358,059
Certificate of deposit		—		2,500,000
Accounts receivable, net		24,352,487		27,349,307
Inventory		4,053,662		2,504,832
Prepaid expenses and other current assets		4,696,845		2,558,822
Contract assets		1,658,912		489,961
Net asset arising from put/call options		157,000		128,000
Current assets of discontinued operations		500,661		1,173,741
Total current assets		86,504,856		77,062,722
Property, plant and equipment, net		50,236,746		52,946,539
Construction in progress		2,618,972		710,863
Inventory, noncurrent		4,882,659		4,733,010
Investment in OC-BVI		1,538,743		1,715,905
Goodwill		10,425,013		10,425,013
Intangible assets, net		2,959,166		3,401,666
Operating lease right-of-use assets		2,179,159		2,681,137
Other assets		2,525,864		2,204,013
Long-term assets of discontinued operations		21,139,574		21,146,186
Total assets	$	185,010,752	$	177,027,054
LIABILITIES AND EQUITY
Current liabilities
Accounts payable, accrued expenses and other current liabilities	$	6,332,647	$	2,831,925
Accounts payable - related parties		569,088		163,947
Accrued compensation		2,061,131		1,435,542
Dividends payable		1,377,540		1,320,572
Current maturities of operating leases		555,300		592,336
Current portion of long-term debt		85,533		62,489
Contract liabilities		3,753,488		513,878
Deferred revenue		408,534		583,646
Current liabilities of discontinued operations		237,675		182,322
Total current liabilities		15,380,936		7,686,657
Long-term debt, noncurrent		145,852		152,038
Deferred tax liabilities		1,114,809		1,236,723
Noncurrent operating leases		1,721,643		2,137,394
Other liabilities		141,000		141,000
Long-term liabilities of discontinued operations		691		7,819
Total liabilities		18,504,931		11,361,631
Commitments and contingencies
Equity
Consolidated Water Co. Ltd. stockholders' equity
Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and outstanding 34,409 and 28,635 shares, respectively		20,645		17,181
Class A common stock, $0.60 par value. Authorized 24,655,000 shares; issued and outstanding 15,292,108 and 15,243,693 shares, respectively		9,175,265		9,146,216
Class B common stock, $0.60 par value. Authorized 145,000 shares; none issued		—		—
Additional paid-in capital		88,614,319		87,812,432
Retained earnings		61,020,487		60,603,056
Total Consolidated Water Co. Ltd. stockholders' equity		158,830,716		157,578,885
Non-controlling interests		7,675,105		8,086,538
Total equity		166,505,821		165,665,423
Total liabilities and equity	$	185,010,752	$	177,027,054

8

CONSOLIDATED WATER CO. LTD.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(UNAUDITED)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Revenue	$	25,051,705	$	16,413,146	$	65,676,737	$	50,217,987
Cost of revenue (including purchases from related parties of $685,481 and $104,813 for the three months ended, and $2,165,850 and $390,196 for the nine months ended, September 30, 2022 and 2021, respectively)		18,207,932		10,722,547		44,211,703		32,336,025
Gross profit		6,843,773		5,690,599		21,465,034		17,881,962
General and administrative expenses(including purchases from related parties of $24,231 and $24,231 for the three months ended, and $72,693 and $52,959 for the nine months ended, September 30, 2022 and 2021, respectively)		5,610,650		4,359,040		15,403,458		13,847,830
Gain (loss) on asset dispositions and impairments, net		3,499		612		21,237		(3,144,961)
Income from operations		1,236,622		1,332,171		6,082,813		889,171
Other income (expense):
Interest income		56,701		168,880		348,304		503,889
Interest expense		(2,042)		(2,216)		(8,847)		(7,714)
Profit-sharing income from OC-BVI		6,075		6,075		24,300		16,200
Equity in the earnings of OC-BVI		19,921		17,717		71,238		44,223
Net unrealized gain (loss) on put/call options		(247,000)		(54,000)		29,000		108,000
Other		(2,635)		15,712		84,734		35,292
Other income (expense), net		(168,980)		152,168		548,729		699,890
Income before income taxes		1,067,642		1,484,339		6,631,542		1,589,061
Income tax provision (benefit)		26,616		(11,230)		83,041		(20,735)
Net income from continuing operations		1,041,026		1,495,569		6,548,501		1,609,796
Income from continuing operations attributable to non-controlling interests		217,415		131,609		691,042		457,540
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders		823,611		1,363,960		5,857,459		1,152,256
Loss from discontinued operations		(505,917)		(1,078,367)		(1,533,064)		(1,542,540)
Net income (loss) attributable to Consolidated Water Co. Ltd. stockholders	$	317,694	$	285,593	$	4,324,395	$	(390,284)
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders
Continuing operations	$	0.05	$	0.09	$	0.38	$	0.07
Discontinued operations		(0.03)		(0.07)		(0.10)		(0.10)
Basic earnings (loss) per share	$	0.02	$	0.02	$	0.28	$	(0.03)
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders
Continuing operations	$	0.05	$	0.09	$	0.38	$	0.07
Discontinued operations		(0.03)		(0.07)		(0.10)		(0.10)
Diluted earnings (loss) per share	$	0.02	$	0.02	$	0.28	$	(0.03)
Dividends declared per common and redeemable preferred shares	$	0.085	$	0.085	$	0.255	$	0.255
Weighted average number of common shares used in the determination of:
Basic earnings per share		15,290,597		15,209,432		15,287,233		15,204,220
Diluted earnings per share		15,450,276		15,351,882		15,440,261		15,345,120

9

XML

Document and Entity Information	Nov. 14, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Nov. 14, 2022
Securities Act File Number	0-25248
Entity Registrant Name	CONSOLIDATED WATER CO. LTD.
Entity Incorporation, State or Country Code	KY
Entity Tax Identification Number	98-0619652
Entity Address, Address Line One	Regatta Office Park
Entity Address, Address Line Two	Windward Three, 4th Floor
Entity Address, Address Line Three	West Bay Road, P.O. Box 1114
Entity Address, City or Town	Grand Cayman
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	KY1-1102
City Area Code	345
Local Phone Number	945-4277
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common stock, $0.60 par value
Trading Symbol	CWCO
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0000928340
Amendment Flag	false

XML

N-2	Nov. 14, 2022
Cover [Abstract]
Entity Central Index Key	0000928340
Amendment Flag	false
Securities Act File Number	0-25248
Document Type	8-K
Entity Registrant Name	CONSOLIDATED WATER CO. LTD.
Entity Address, Address Line One	Regatta Office Park
Entity Address, Address Line Two	Windward Three, 4th Floor
Entity Address, Address Line Three	West Bay Road, P.O. Box 1114
Entity Address, City or Town	Grand Cayman
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	KY1-1102
City Area Code	345
Local Phone Number	945-4277
Entity Emerging Growth Company	false