Energy Recovery

Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water, and Oil and Gas segments. The Water segment in sea, brackish, and contaminated water reverse osmosis desalination solutions. The Oil and Gas segment delivers hydraulic fracturing, gas processing, and chemical processing services. Its products include PX Pressure Exchanger, pumping systems, turbochargers, PX PowerTrain, Ultra PX, and VorTeq. The company was founded in April 1992 and is headquartered in San Leandro, CA.

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Energy Recovery reports robust 2022 performance, eyes growth opportunities

Energy Recovery's strong 2022 performance, driven by revenue growth and margin improvements, sets a positive tone for 2023. The company's focus on product innovation and market expansion in key sectors positions it well for future growth. However, challenges in managing expenses and market risks require careful navigation.

Energy Recovery reports Q1 revenue growth and targets $200M desalination revenue

Energy Recovery's Q1 performance reflects a focus on desalination and industrial wastewater sales, with a revenue of $13.4 million.
The company's strategic initiatives, like the Power Model Pro platform and distribution agreements, position it for future growth.
While facing challenges in managing expenses, Energy Recovery remains optimistic about achieving profitability in the latter half of 2023.

Energy Recovery reports $20.7M revenue in Q2, eyes growth in water-stressed regions

Energy Recovery's Q2 2023 Earnings Call showcased strong revenue performance, progress in core water business and CO2 technology, while addressing challenges in revenue recognition and project timelines. The company is optimistic about growth opportunities in water-stressed regions and remains focused on meeting financial targets for the year.

Energy Recovery excels in Q3, eyes CO2 market growth

Energy Recovery's Q3 performance reflects strong revenue and strategic progress in the CO2 business under new leadership. While facing challenges related to global shipments and industry dynamics, the company is well-positioned to capitalize on the growing opportunities in the CO2 market. With a focus on cost reduction and revenue targets, Energy Recovery aims to leverage the transition to CO2 refrigeration systems for future growth.

Energy Recovery (ERII) reports record Q4 revenue and growth plans

Energy Recovery (ERII) delivered strong financial performance and outlined growth plans under new leadership.
Challenges include project delays and balancing expenses with revenue growth for sustained profitability.
Opportunities lie in market expansion, product performance, and strategic capital allocation decisions.
Overall, the company is focused on enhancing shareholder value and achieving key milestones for growth.

Energy Recovery meets Q1 revenue, focuses on PX diversification

Energy Recovery's Q1 performance met revenue guidance, with a focus on PX diversification for growth. Losses expected in Q1 and Q2 due to one-time expenses.
The company secured a significant project in Brazil for 2025 and sees opportunities in wastewater and CO2 markets. CFO transition is in progress.
Challenges include managing increased OpEx and addressing future revenue expectations. Positive developments in wastewater and CO2 markets are key strengths.

Energy Recovery posts strong Q2 results, eyes growth opportunities

Energy Recovery's Q2 performance reflects strong margins and revenue guidance.
New CFO appointment and strategic planning shift position the company for growth.
Challenges in managing expenses highlight the need for cost control measures.

Energy Recovery achieves record Q3 revenue, eyes global expansion

Energy Recovery's Q3 performance reflects strong revenue growth, margin improvement, and strategic advancements in key markets. While facing challenges in wastewater revenue, the company's strengths in desalination projects and innovation position it well for future opportunities and sustained growth.

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Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water and Emerging Technologies segment. The Water segment deals with the development, sales, and support of the PX, Turbochargers and pumps used in seawater desalination and industrial wastewater activities. The Emerging Technologies segment is composed of the development of the PX G1300 used in industrial and commercial refrigeration applications. The company was founded in April 1992 and is headquartered in San Leandro, CA.

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc.(NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending March 31, 2024, and will host a conference call to discuss the results and related matters on May 1, 2024 after market close. EARNINGS RELEASE Wednesday, May 1, 2024 (after market close) LIVE CONFERENCE CALL Wednesday, May 1, 2024, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Listen-only, Local / Internatio.

Energy Recovery to Release First Quarter 2024 Financial Results

Energy Recovery, Inc. (ERII) Q4 2023 Earnings Call Transcript

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced Joshua Ballard has made the decision to step down from his position as Chief Financial Officer at the end of June 2024. A search to identify Energy Recovery's next CFO is underway with the executive search firm Korn Ferry. “I want to thank Josh for his tremendous leadership and contributions to the success of Energy Recovery. He is leaving a strong.

Energy Recovery Announces CFO Transition

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2023. Fiscal Year 2023 Highlights Record annual revenue of $128.3 million, which includes a 79% growth in wastewater and represents nine consecutive years of revenue growth. Record quarterly revenue of $57.2 million, representing a 35% year-on-year growth with strong performance in Energy Recovery'.

Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced the award of contracts totaling over $28 million to supply its newest top-of-the-line PX® Pressure Exchanger® energy recovery device (ERD), the PX Q400, to mega desalination projects in the Gulf region. These facilities will produce nearly 1.5 million cubic meters of water for municipal use in the Gulf, a significantly water-stressed region, and the awards demonstrate confidence in Energy Recovery's lates.

Energy Recovery Announces $28 Million in Desalination Contracts for Flagship PX Q400 Energy Recovery Device

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2023, and will host a conference call to discuss the results and related matters on February 21, 2024 after market close. EARNINGS RELEASE Wednesday, February 21, 2024 (after market close) LIVE CONFERENCE CALL Wednesday, February 21, 2024, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150.

Energy Recovery to Release Full Year and Fourth Quarter 2023 Financial Results

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced David Moon has been named President and Chief Executive Officer of the Company. Mr. Moon has served as interim President and CEO since October 2023 and will continue serving on the Board of Directors. “David is the right leader to drive our long-term growth,” said Board Chair Pamela Tondreau. “The Board conducted a comprehensive search and has unan.

Energy Recovery Appoints David Moon as President and CEO

Energy Recovery (ERII) dominates the global industrial desalination industry, having a 90% global market share. ERII is now trying to copy its technology into a new global segment - industrial air-conditioning and refrigeration. Due to Kigali protocol, all greenhouse gas industrial air-conditioning and refrigeration systems need to be replaced with CO2 systems.

Energy Recovery: Most Important Takeaways From The Q3 Call

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2023. Third Quarter Highlights Revenue of $37.0 million, exceeding the upper end of our guidance which was attributed to an increase in megaproject revenues. Gross margin of 69.9%, higher than our estimates due to a change in product mix coupled with an increase in sales of our PX®. Operatin.

Energy Recovery Achieves 22% Year-on-Year Quarterly Revenue Growth, Beating Guidance

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced Mr. David Moon, a current member of the Energy Recovery Board of Directors, has been appointed interim Chief Executive Officer, effective immediately. Mr. Bob Mao will remain a member of the Board, and Ms. Pamela Tondreau, current Lead Independent Director, has been elected as the new Chairperson of the Board. A comprehensive search process to identify a permanent President and Chief Executive Officer, wh.

Energy Recovery Announces Leadership Transition

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced several contracts to supply the PX® Pressure Exchanger® (“PX”) to desalination projects in Algeria totaling over $28 million. Desalination plays a large role in Algeria's strategy to combat water scarcity. Desalination provides 17% of Algeria's water, and the country has prioritized increasing desalination's share to 50% of the water supply by 2030, in response to climate change and a severe drought in 20.

Energy Recovery Awarded Desalination Contracts in Algeria Totaling $28 Million

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending September 30, 2023, and will host a conference call to discuss quarterly results and related matters on November 1, 2023 after market close. EARNINGS RELEASE Wednesday, November 1, 2023 (after market close) LIVE CONFERENCE CALL Wednesday, November 1, 2023, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Liste.

Energy Recovery to Release Third Quarter 2023 Financial Results

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (NASDAQ: ERII) and Epta Group (Epta) were together awarded Refrigeration Innovation of the Year for the XTE (Extra Transcritical Efficiency), Epta's next-generation commercial CO2 refrigeration system. The award for Refrigeration Innovation of the Year recognizes systems, products, or processes that utilize new technology to provide definitive innovations to refrigeration. The innovative and patent pending XTE solution utilizes the energy sa.

Energy Recovery and Epta Win Refrigeration Innovation of the Year at RAC Cooling Industry Awards 2023

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII), a trusted global leader in energy efficiency technology, today released its fourth annual Sustainability Report, underscoring the strong connection between the company's business goals and its sustainability efforts. Energy Recovery has set its first corporate emissions reduction target, committing to reduce its emissions in relation to revenue by 65% by 2026 from a 2021 baseline. “Energy Recovery's role in helping our.

Energy Recovery Establishes Corporate Emissions Reduction Target; Surpasses $5.9 Billion in Energy Savings for Customers According to Latest Sustainability Report

Energy Recovery, Inc. (NASDAQ:ERII ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants James Siccardi – Vice President of Investor Relations Bob Mao – Chairman, President and Chief Executive Officer Joshua Ballard – Chief Financial Officer Conference Call Participants Ryan Pfingst – B. Riley Securities Pavel Molchanov – Raymond James Operator Greetings, and welcome to the Energy Recovery Second Quarter 2023 Earnings Conference Call.

Energy Recovery, Inc. (ERII) Q2 2023 Earnings Call Transcript

Energy Recovery (ERII) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.02. This compares to break-even earnings per share a year ago.

Energy Recovery (ERII) Reports Break-Even Earnings for Q2

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the second quarter and six months ended June 30, 2023. Second Quarter Highlights Revenue of $20.7 million, within the lower end of guidance. Revenue was lower due to a timing delay of a $5.7 million megaproject shipment that will subsequently be recognized in the third quarter. Gross margin of 65.4%, within the upper range of our guidance of 64.

Energy Recovery Affirms FY 2023 Guidance, Continues Investments in Wastewater and CO2 Business Growth

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SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending June 30, 2023, and will host a conference call to discuss quarterly results and related matters on August 2, 2023 after market close. EARNINGS RELEASE Wednesday, August 2, 2023 (after market close) LIVE CONFERENCE CALL Wednesday, August 2, 2023, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Listen-only, Loc.

Energy Recovery to Release Second Quarter 2023 Financial Results

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Energy Recovery (ERII) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.16 per share a year ago.

Energy Recovery (ERII) Reports Q1 Loss, Tops Revenue Estimates

Energy Recovery, Inc. (NASDAQ:ERII ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants James Siccardi - Vice President of Investor Relations Bob Mao - Chairman, President, and Chief Executive Officer Joshua Ballard - Chief Financial Officer Conference Call Participants Ryan Pfingst - B. Riley Securities Pavel Molchanov - Raymond James Operator Greetings, and welcome to Energy Recovery First Quarter 2023 Earnings Call.

Energy Recovery, Inc. (ERII) Q1 2023 Earnings Call Transcript

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2023. First Quarter Highlights Revenue of $13.4 million, and within February 2023 guidance. Lower gross margin of 60.9%, as compared to Q1'2022, driven mainly by an increase in pump and hydraulic turbocharger revenue in the original equipment manufacturer and aftermarket channels, and a decrease PX® Pressure Ex.

Energy Recovery Reports First Quarter 2023 Financial Results

Does Energy Recovery (ERII) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Energy Recovery (ERII) a Strong Momentum Stock: Buy Now?

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending March 31, 2023, and host a conference call to discuss the quarterly results and related matters on May 3, 2023, after market close. EARNINGS RELEASE Wednesday, May 3, 2023 (after market close) LIVE CONFERENCE CALL Wednesday, May 3, 2023, 2 p.m. PT / 5 p.m.

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