Energy Recovery to Host Second Quarter 2024 Financial Results Conference Call on July 31, 2024

Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter Highlights Revenue of $67.1 million, an increase of 17% as compared to Q4'2023 and resulting in full-year revenue at the midpoint of guidance. Gross margin of 70.2%, an increase of 110 bps, as compared to Q4'2023, due primarily to benefits from our manufacturing transformation. Operating expenses of $21.5 million, an increase of 13.9%, as compared to Q4'2023, due primarily to $2.5 million of restructuring costs related to our announced workforce reduction and executive transition costs. Income fro

New $30 million program follows Q4 2024 completion of share repurchase announced in November 2024 Board authorization underscores balance sheet strength and free cash flow generation as company executes growth strategy Continued cost management and margin improvement initiatives driving confidence in long-term strategic operating plan Energy Recovery, Inc. (NASDAQ:ERII) today announced its Board of Directors approved a share repurchase program to purchase up to $30 million of the company's outstanding common stock over the next 12 months, beginning in February 2025. The new program is in addition to a $50 million share repurchase program announced in November and completed in Q4

Dr. Ram Ramanan, with more than three decades in product innovation leadership at companies including Bloom Energy, to become Chief Technology Officer Dr. Ramanan to assume duties following the handover and retirement of Dr. Farshad Ghasripoor, who will serve as an executive advisor through October 2025 After six years with Energy Recovery, David Kim-Hak was promoted to new Vice President, Wastewater role focused on accelerating wastewater revenue growth Appointments advance strategy and focus on technical, operational, and cultural excellence   Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of a new Chief Technology Officer and Vice President, Wastewater

Seaport Research Partners initiated coverage of Energy Recovery with a rating of Buy and set a new price target of $22.00

Raymond James upgraded Energy Recovery from Outperform to Strong Buy and set a new price target of $21.00

B. Riley Securities initiated coverage of Energy Recovery with a rating of Buy and set a new price target of $28.00

4 - Energy Recovery, Inc. (0001421517) (Issuer)

4 - Energy Recovery, Inc. (0001421517) (Issuer)

4 - Energy Recovery, Inc. (0001421517) (Issuer)

4 - Energy Recovery, Inc. (0001421517) (Issuer)

4 - Energy Recovery, Inc. (0001421517) (Issuer)

3 - Energy Recovery, Inc. (0001421517) (Issuer)

10-K - Energy Recovery, Inc. (0001421517) (Filer)

8-K - Energy Recovery, Inc. (0001421517) (Filer)

8-K - Energy Recovery, Inc. (0001421517) (Filer)

Dr. Ram Ramanan, with more than three decades in product innovation leadership at companies including Bloom Energy, to become Chief Technology Officer Dr. Ramanan to assume duties following the handover and retirement of Dr. Farshad Ghasripoor, who will serve as an executive advisor through October 2025 After six years with Energy Recovery, David Kim-Hak was promoted to new Vice President, Wastewater role focused on accelerating wastewater revenue growth Appointments advance strategy and focus on technical, operational, and cultural excellence   Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of a new Chief Technology Officer and Vice President, Wastewater

Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of Michael (Mike) Mancini as Chief Financial Officer (CFO). He will join Energy Recovery on August 5, 2024. Mr. Mancini is an experienced CFO and business strategist with extensive operational and capital markets experience. "From Mike's extensive experience with high-growth engineering and technology businesses to his expertise in capital allocation, he possesses all the qualities we have been seeking in a new CFO," said David Moon, President and CEO of Energy Recovery. "Mike's analytical horsepower and collaborative approach will be tremendous assets as we advance our growth strategy and move further into new markets."

Energy Recovery, Inc. (NASDAQ:ERII) today announced key hires in support of the company's growth strategy with the appointment of Ricardo Freitas as Vice President and General Manager of the company's CO2 refrigeration business and Matt Hostetler as Chief Human Resources Officer (CHRO). "Energy Recovery is entering a new phase, and optimizing our product, processes, and talent is critical to fueling our future growth plans," said David Moon, Energy Recovery President and CEO. "Ricardo and Matt are proven global leaders with unique experience and skills that will help us capture the opportunities before us. Both will play an integral role in executing our strategy and accelerating our grow

Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter Highlights Revenue of $67.1 million, an increase of 17% as compared to Q4'2023 and resulting in full-year revenue at the midpoint of guidance. Gross margin of 70.2%, an increase of 110 bps, as compared to Q4'2023, due primarily to benefits from our manufacturing transformation. Operating expenses of $21.5 million, an increase of 13.9%, as compared to Q4'2023, due primarily to $2.5 million of restructuring costs related to our announced workforce reduction and executive transition costs. Income fro

Energy Recovery, Inc. (NASDAQ:ERII) announced today it will release its financial results for the quarterly period and full year ending December 31, 2024. The Company will host a conference call to discuss the results and related matters on February 26, 2025, after market close. EARNINGS RELEASE Wednesday, February 26, 2025 (after market close) LIVE CONFERENCE CALL Wednesday, February 26, 2025, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Listen-only, Local / International: +1 (201) 689-8354 CONFERENCE CALL REPLAY Expiration: March 26, 2025 US / Canada Toll-Free: +1 (877) 660-6853 Local / International Toll: +1 (201) 612-7415 Access code: 13751124 Inve

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, 2024. Third Quarter Highlights Revenue of $38.6 million, reaching the upper end of our guidance of $35 - $39 million. Gross margin of 65.1%, a decrease of 480 bps, as compared to Q3'2023, due primarily to higher manufacturing costs and higher costs related to product mix. Operating expenses of $18.1 million, an increase of 7.8%, as compared to Q3'2023, due primarily to higher consulting costs related to enhancement of our corporate growth strategy and higher employee costs. Income from operations of $7.1 million, a

SC 13G/A - Energy Recovery, Inc. (0001421517) (Subject)

SC 13G - Energy Recovery, Inc. (0001421517) (Subject)

SC 13G/A - Energy Recovery, Inc. (0001421517) (Subject)