ERII Energy Recovery Inc.

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

(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

Listen-only, Local / International Toll: +1 (201) 689-8354

CONFERENCE CALL REPLAY

Expiration: Friday, March 22, 2024

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

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

Access code: 13743738

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.

About Energy Recovery

Energy Recovery (NASDAQ:ERII) creates technologies that solve complex challenges for commercial and industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make commercial and industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing and research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, visit .

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24/01/2024

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Reports on Energy Recovery Inc.

Jonathan Moreland
  • Jonathan Moreland

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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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