Press Releases
Energy Recovery Reports First Quarter 2023 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, 2023. First Quarter Highlights Revenue of $13.4 million, and within February 2023 guidance. Lower gross margin of 60.9%, as compared to Q1’2022, driven mainly by an increase in pump and hydraulic turbocharger ...... read more
Energy Recovery Awarded Over $8 Million in Desalination Contracts in Chile
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery (NASDAQ: ERII) today announced a collection of contracts totaling over $8 million to supply PX® Pressure Exchanger® energy recovery devices and accessories to desalination facilities in Chile. These contracts are for mining applications and demonstrate the region's continuing investment in desalination. Chile is the world's No. 1 copper ...... read more
Energy Recovery to Host First Quarter 2023 Financial Results Conference Call on May 3, 2023
SAN LEANDRO, CA. — April 19, 2023 — Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending March 31, 2023, and host a conference call to discuss the quarterly results and related matters on May 3, 2023 after market close.... read more
Energy Recovery's PX G1300 Technology Unveiled as Key Component in Epta Group's Next-Generation CO2 Refrigeration System
SAN LEANDRO, CA / ACCESSWIRE / February 27, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced its PX G1300™ energy recovery device is a featured component in Epta Group (Epta)'s next-generation commercial CO2 refrigeration system, the XTE (Extra Transcritical Efficiency). Epta, independent global player and leader specialized in commercial refrigeration, unveiled the XTE on the first ...... read more
Energy Recovery Announces PX G1300 Exclusive Distribution Agreement for the Benelux Region with European Refrigeration Company Fieuw Koeltechniek
Signing Celebration to be Held at EuroShop 2023 Trade FairSAN LEANDRO, CA and ROESELARE, BELGIUM / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced the appointment of Fieuw Koeltechniek (Fieuw), a leading refrigeration cooling rack and service provider in Belgium, the Netherlands, and Luxembourg (the Benelux region), as Energy Recovery's exclusive ...... read more
Energy Recovery Reports Record Q4 Revenue, 75% Annual Earnings Per Share Growth
SAN LEANDRO, CA / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the fourth quarter ended December 31, 2022.Fiscal Year 2022 HighlightsRevenue growth of 21% over the prior year and within the November 2022 guidance.Achieved the highest revenue quarter in the company's history during the fourth ...... read more
Energy Recovery Receives SWRO Contracts Totaling Over $9 Million in Asia
SAN LEANDRO, CA / ACCESSWIRE / February 16, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced a set of contracts totaling over $9 million to supply its PX® Pressure Exchanger® energy recovery devices to desalination facilities in China, India, South Korea, and Indonesia. The orders are estimated to be fulfilled by the end of Q3 2023.These contracts represent a mix of industrial and ...... read more
Energy Recovery to Host Full Year and Fourth Quarter 2022 Financial Results Conference Call on February 22, 2023
SAN LEANDRO, CA / ACCESSWIRE / January 23, 2023 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2022, and host a conference call to discuss the results and related matters on Wednesday, February 22, 2023 after market close.EARNINGS RELEASEWednesday, February 22, 2023 (after market close)LIVE ...... read more
Energy Recovery Reports 47% Quarterly Product Revenue Growth in Third Quarter
SAN LEANDRO, CA / ACCESSWIRE / November 2, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the third quarter ended September 30, 2022.Third Quarter Highlights:Revenue of $30.5 million. Full year revenue guidance of $121-$125 million, or 16%-20% year-on-year growth, within gross margin expectations guided last year.Income ...... read more
Energy Recovery Launches PX Q400 Pressure Exchanger
The Next Evolution of Energy Recovery's PX® Pressure Exchanger® TechnologySAN LEANDRO, CA / ACCESSWIRE / October 11, 2022 / Energy Recovery, a market leader in energy recovery devices (ERDs), has announced the launch of the PX Q400 Pressure Exchanger. The PX Q400 is the next evolution of Energy Recovery's trusted and industry-leading PX® Pressure Exchanger® technology and will be the new ...... read more