Consolidated Water Co. Ltd. Earnings Per Share Disclosure
12. 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:
| Year Ended December 31, | ||||||||
| 2025 | | 2024 | | 2023 | ||||
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | $ | 18,627,308 | $ | 17,882,370 | $ | 30,672,135 | |||
Less: preferred stock dividends |
| (22,572) |
| (18,595) |
| (15,513) | |||
Net income from continuing operations available to common shares in the determination of basic earnings per common share |
| 18,604,736 |
| 17,863,775 |
| 30,656,622 | |||
Income (loss) from discontinued operations |
| (290,635) |
| 10,355,184 |
| (1,086,744) | |||
Net income available to common shares in the determination of basic earnings per common share | $ | 18,314,101 | $ | 28,218,959 | $ | 29,569,878 | |||
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Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders |
| 15,923,032 |
| 15,832,328 |
| 15,739,056 | |||
Plus: |
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Weighted average number of preferred shares outstanding during the period |
| 41,907 |
| 44,257 |
| 39,885 | |||
Potential dilutive effect of unexercised options and unvested stock grants |
| 43,124 |
| 59,377 |
| 86,956 | |||
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders |
| 16,008,063 |
| 15,935,962 |
| 15,865,897 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 27, 2024 | |
| 2022 | Mar 30, 2023 | |
| 2021 | Mar 29, 2022 | |
| 2020 | Mar 31, 2021 | |
| 2019 | Mar 16, 2020 | |
| 2018 | Mar 18, 2019 | |
| 2017 | Mar 16, 2018 | |
| 2016 | Mar 16, 2017 | |
| 2015 | Mar 15, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.