Press Releases
Energy Recovery Announces Search for New Chief Sales Officer
SAN LEANDRO, Calif., Sept. 10, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, today announced that effective immediately, it has terminated the employment relationship with its Senior Vice President of Sales, Borja Sanchez-Blanco, for cause. The Company recently became aware that Mr. Blanco ...... read more
Energy Recovery Inc. to Present at the Jefferies 2014 Global Industrials Conference
SAN LEANDRO, Calif., Aug. 6, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, today announced that the Company will be presenting at the Jefferies 2014 Global Industrials Conference in New York City, August 11-14, 2014. Tom Rooney, Chief Executive Officer, will present to the group on Monday, ...... read more
Energy Recovery Reports Unaudited Financial Results for the Second Quarter of 2014
SECOND QUARTER SUMMARY: Total revenue decreased from $8.6 million in the second quarter of 2013 to $6.4 million in the second quarter of 2014 Gross profit margin decreased from 62% in the second quarter of 2013 to 48% in the current period, attributable to no mega-project revenue and a mix shift Operating expenses increased $1.0 million, or 16%, from $6.6 million in the second quarter of 2013 ...... read more
Energy Recovery to Release Earnings and Host Conference Call
SAN LEANDRO, Calif., July 2, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, will release its financial results for the quarter ended June 30, 2014 on Wednesday, August 6, 2014 after the market close. Tom Rooney, President and Chief Executive Officer, and Joel Gay, Chief Financial Officer, will ...... read more
Energy Recovery Appoints Joel Gay as Chief Financial Officer
SAN LEANDRO, Calif., June 27, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, today announced that it has promoted Mr. Joel Gay to Chief Financial Officer, replacing Alex Buehler, who will be leaving to pursue the next step in his career. Joel joined Energy Recovery in January 2012 and has held ...... read more
Energy Recovery Reports Unaudited Financial Results for the First Quarter of 2014
FIRST QUARTER HIGHLIGHTS: Reflective of continued manufacturing efficiencies, gross profit margin increased from 47% in the first quarter of 2013 to 58% in the current period despite a revenue decrease of 39% caused by lower OEM sales Operating expenses decreased $1.5 million, or 20%, from $7.5 million in the first quarter of 2013 to $6.0 million in the current period due to lower general and ...... read more
Energy Recovery to Release Earnings and Host Conference Call
SAN LEANDRO, Calif., April 3, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, will release its financial results for the quarter ended March 31, 2014 on Wednesday, May 7, 2014 after the market close. Tom Rooney, President and Chief Executive Officer, and Alex Buehler, Chief Financial Officer, ...... read more
Energy Recovery Reports Record Financial Results for Revenue and Net Income in the Fourth Quarter of 2013
FOURTH QUARTER HIGHLIGHTS: Net revenue was $23.2 million in the fourth quarter of 2013, up 54% from $15.1 million in the same period of 2012 and representing the strongest revenue quarter in the Company's history Gross profit margin was 63% in the fourth quarter of 2013, increased from 43% in the same period of 2012 and demonstrating the third consecutive quarter at or above 60% Operating ...... read more
Energy Recovery to Release Earnings and Host Conference Call
SAN LEANDRO, Calif., Jan. 31, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, will release its financial results for the fourth quarter and year ended December 31, 2013 on Wednesday, March 5, 2014 after the market close. Tom Rooney, President and Chief Executive Officer, and Alex Buehler, Chief ...... read more
Energy Recovery Reports Unaudited Financial Results for the Third Quarter of 2013
THIRD QUARTER HIGHLIGHTS Continued gains in manufacturing efficiency and strong prices achieved through market leadership drove gross profit margin to 60%, up from 55% in the third quarter of 2012 Disciplined cost management reduced operating expenses by 11% compared to the third quarter of 2012 Strong order flow and existing backlog reinforce expectations of full-year revenue for 2013 that is ...... read more