Earnings per share

6 Months Ended

Jun. 30, 2024

Earnings per share

Earnings per share

4. Earnings per share

Earnings per share (“EPS”) is computed on a basic and diluted basis. Basic EPS is computed by dividing net income (less preferred stock dividends) available to common stockholders by the weighted average number of common shares outstanding during the period. The computation of diluted EPS assumes the issuance of common shares for all potential common shares outstanding during the reporting period and, if dilutive, the effect of stock options as computed under the treasury stock method.

The following summarizes information related to the computation of basic and diluted EPS:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders	$	4,242,411	$	7,531,472	$	11,183,825	$	11,604,261
Less: preferred stock dividends		(4,660)		(4,087)		(8,843)		(7,010)
Net income from continuing operations available to common shares in the determination of basic earnings per common share		4,237,751		7,527,385		11,174,982		11,597,251
Income (loss) from discontinued operations		11,607,846		(207,701)		11,140,780		(466,864)
Net income available to common shares in the determination of basic earnings per common share	$	15,845,597	$	7,319,684	$	22,315,762	$	11,130,387
Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,829,120		15,736,041		15,829,024		15,729,852
Plus:
Weighted average number of preferred shares outstanding during the period		44,176		34,695		44,178		34,540
Potential dilutive effect of unexercised options and unvested stock grants		110,375		136,704		110,952		135,531
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,983,671		15,907,440		15,984,154		15,899,923