Earnings per share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders	$	4,957,318	$	8,838,123	$	16,141,143	$	20,442,384
Less: preferred stock dividends		(4,912)		(4,295)		(13,754)		(11,305)
Net income from continuing operations available to common shares in the determination of basic earnings per common share		4,952,406		8,833,828		16,127,389		20,431,079
Income (loss) from discontinued operations		(502,854)		(232,994)		10,637,926		(699,858)
Net income available to common shares in the determination of basic earnings per common share	$	4,449,552	$	8,600,834	$	26,765,315	$	19,731,221
Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,833,715		15,742,854		15,830,599		15,734,234
Plus:
Weighted average number of preferred shares outstanding during the period		45,118		45,950		44,494		38,385
Potential dilutive effect of unexercised options and unvested stock grants		110,768		139,800		110,926		137,106
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,989,601		15,928,604		15,986,019		15,909,725