ERII Energy Recovery Inc.

Energy Recovery to Release Third Quarter 2024 Financial Results and Announces an Investor Webinar

(NASDAQ: ERII or the Company) announced today it will release its financial results for the quarterly period ending September 30, 2024, and will host a conference call to discuss the results and related matters on October 30, 2024, after market close. In addition, the Company announced it will host an investor webinar to present its strategic vision with senior management on November 18th, 2024.

EARNINGS RELEASE

Wednesday, October 30, 2024 (after market close)

LIVE CONFERENCE CALL

Wednesday, October 30, 2024, 2 p.m. PT / 5 p.m. ET

Listen-only, US / Canada Toll-Free: +1 (866) 682-6100

Listen-only, Local / International Toll: +1 (862) 298-0702

CONFERENCE CALL REPLAY

Expiration: November 30, 2024

US / Canada Toll-Free: +1 (877) 660-6853

Local / International Toll: +1 (201) 612-7415

Access code: 13749222

Investors may also access the live call and replay over the internet via . The replay will be available approximately three hours after the live call concludes.

ENERGY RECOVERY INVESTOR WEBINAR

Monday, November 18, 2024, 7 a.m. PT / 10 a.m. ET

Registration link and further details to be released prior to Third Quarter Results.

About Energy Recovery

Energy Recovery is a trusted global leader in energy efficiency technology. Building on our pressure exchanger technology platform, we design and manufacture reliable, high-performance solutions that generate cost savings, increase energy efficiency, and reduce carbon emissions across several industries. With a strong foundation in the desalination industry, Energy Recovery has delivered transformative solutions that increase operational efficiency and environmental sustainability to our customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing and R&D facilities across California and Texas, with sales and on-site technical support available globally. For more information, visit .

EN
07/10/2024

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 PRESS RELEASE

Energy Recovery Reports its Fourth Quarter 2024 Financial Results

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, 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 p...

 PRESS RELEASE

Energy Recovery Announces New Share Repurchase Program

SAN LEANDRO, Calif.--(BUSINESS WIRE)-- 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 and completed in Q4 2024. Under the previous program, the company repurchased 3.2 million shares for an average price of $15.39 per share. “With strong confidence in our growth strategy and ability to improve margins while reducing costs, we are ...

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