Press Releases
Energy Recovery Signs $27.5 Million in Desalination Contracts in Morocco
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (Nasdaq: ERII) today announced the company has signed contracts to supply its PX® Pressure Exchanger® to seawater reverse osmosis (SWRO) desalination projects in Morocco, totaling $27.5 million. These contracts have previously been reported in the company’s financial guidance, and all orders are expected to be fulfilled in 2024. ...... read more
Energy Recovery Reports Its Second 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 second quarter and six months ended June 30, 2024. Second Quarter Highlights Revenue of $27.2 million, exceeding the upper end of our guidance of $20 - $25 million. Gross margin of 64.6%, a decrease of 80 bps, as compared to Q2’2023, due ...... read more
Energy Recovery Appoints Mike Mancini as Chief Financial Officer
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- 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 ...... read more
Energy Recovery to Host Second Quarter 2024 Financial Results Conference Call on July 31, 2024
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (ERII or the Company) (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending June 30, 2024, and host a conference call to discuss the quarter’s results and related matters on July 31, 2024 after market close. EARNINGS RELEASE Wednesday, July 31, 2024 (after market close) LIVE CONFERENCE ...... read more
Energy Recovery Announces Appointments of CO2 Refrigeration Leader and Chief Human Resources Officer
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- 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 ...... read more
Energy Recovery Announces $15 Million in SWRO Contracts in India
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (Nasdaq: ERII) today announced $15 million in contracts to supply its PX® Pressure Exchanger® energy recovery devices to seawater reverse osmosis (SWRO) desalination plants in India. All orders are expected to ship in 2024. All together, these plants will provide over 670,000 cubic meters of clean drinking water to communities in ...... read more
Energy Recovery Reports its First 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 first quarter ended March 31, 2024. First Quarter Highlights Revenue of $12.1 million, which is in-line with our February 2024 guidance. Gross margin of 59.0%, a decrease of 190 bps, as compared to Q1’2023, due primarily to higher ...... read more
Energy Recovery to Release First Quarter 2024 Financial Results
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 ...... read more
Energy Recovery Announces CFO Transition
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 ...... read more
Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023
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 ...... read more