CWCO Q1 2026 Earnings Transcript
Key takeaways
- Chief Executive Officer — Frederick W.
- Chief Financial Officer — David W.
- In Q1, consolidated revenue declined due to revenue declines in our manufacturing and retail segments.
Chief Executive Officer — Frederick W. Mc Taggart
Chief Financial Officer — David W. Sasnett
Frederick W. Mc Taggart: And good morning, everyone. In Q1, consolidated revenue declined due to revenue declines in our manufacturing and retail segments. Manufacturing revenue was lower due to the timing of receipt of new purchase orders for 26 projects compared to last year. We had received a large purchase order in late 24 which had favorably impacted our first quarter revenue last year. Retail revenue was impacted by much wetter weather conditions this past quarter, which reduced the water volume we sold in Grand Cayman by 10.2%. This decrease was partially offset by what turned out to be record breaking tourism in the Cayman Islands during the quarter.