Energy Recovery

Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water, and Oil and Gas segments. The Water segment in sea, brackish, and contaminated water reverse osmosis desalination solutions. The Oil and Gas segment delivers hydraulic fracturing, gas processing, and chemical processing services. Its products include PX Pressure Exchanger, pumping systems, turbochargers, PX PowerTrain, Ultra PX, and VorTeq. The company was founded in April 1992 and is headquartered in San Leandro, CA.

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Energy Recovery reports robust 2022 performance, eyes growth opportunities

Energy Recovery's strong 2022 performance, driven by revenue growth and margin improvements, sets a positive tone for 2023. The company's focus on product innovation and market expansion in key sectors positions it well for future growth. However, challenges in managing expenses and market risks require careful navigation.

Energy Recovery reports Q1 revenue growth and targets $200M desalination revenue

Energy Recovery's Q1 performance reflects a focus on desalination and industrial wastewater sales, with a revenue of $13.4 million.
The company's strategic initiatives, like the Power Model Pro platform and distribution agreements, position it for future growth.
While facing challenges in managing expenses, Energy Recovery remains optimistic about achieving profitability in the latter half of 2023.

Energy Recovery reports $20.7M revenue in Q2, eyes growth in water-stressed regions

Energy Recovery's Q2 2023 Earnings Call showcased strong revenue performance, progress in core water business and CO2 technology, while addressing challenges in revenue recognition and project timelines. The company is optimistic about growth opportunities in water-stressed regions and remains focused on meeting financial targets for the year.

Energy Recovery excels in Q3, eyes CO2 market growth

Energy Recovery's Q3 performance reflects strong revenue and strategic progress in the CO2 business under new leadership. While facing challenges related to global shipments and industry dynamics, the company is well-positioned to capitalize on the growing opportunities in the CO2 market. With a focus on cost reduction and revenue targets, Energy Recovery aims to leverage the transition to CO2 refrigeration systems for future growth.

Energy Recovery (ERII) reports record Q4 revenue and growth plans

Energy Recovery (ERII) delivered strong financial performance and outlined growth plans under new leadership.
Challenges include project delays and balancing expenses with revenue growth for sustained profitability.
Opportunities lie in market expansion, product performance, and strategic capital allocation decisions.
Overall, the company is focused on enhancing shareholder value and achieving key milestones for growth.

Energy Recovery meets Q1 revenue, focuses on PX diversification

Energy Recovery's Q1 performance met revenue guidance, with a focus on PX diversification for growth. Losses expected in Q1 and Q2 due to one-time expenses.
The company secured a significant project in Brazil for 2025 and sees opportunities in wastewater and CO2 markets. CFO transition is in progress.
Challenges include managing increased OpEx and addressing future revenue expectations. Positive developments in wastewater and CO2 markets are key strengths.

Energy Recovery posts strong Q2 results, eyes growth opportunities

Energy Recovery's Q2 performance reflects strong margins and revenue guidance.
New CFO appointment and strategic planning shift position the company for growth.
Challenges in managing expenses highlight the need for cost control measures.

Energy Recovery achieves record Q3 revenue, eyes global expansion

Energy Recovery's Q3 performance reflects strong revenue growth, margin improvement, and strategic advancements in key markets. While facing challenges in wastewater revenue, the company's strengths in desalination projects and innovation position it well for future opportunities and sustained growth.

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Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water and Emerging Technologies segment. The Water segment deals with the development, sales, and support of the PX, Turbochargers and pumps used in seawater desalination and industrial wastewater activities. The Emerging Technologies segment is composed of the development of the PX G1300 used in industrial and commercial refrigeration applications. The company was founded in April 1992 and is headquartered in San Leandro, CA.

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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 day of EuroShop 2023, the world's number one retail trade fair located in Düsseldorf, Germany.

Energy Recovery's PX G1300 Technology Unveiled as Key Component in Epta Group's Next-Generation CO2 Refrigeration System

Energy Recovery, Inc. (NASDAQ:ERII ) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Jim Siccardi - Vice President of Investor Relations Bob Mao - Chairman, President & Chief Executive Officer Joshua Ballard - Chief Financial Officer Conference Call Participants Graham Price - Raymond James Nils Thommesen - Fearnley Securities Ryan Pfingst - B. Riley Securities Wally Walker - Hana Road Capital Operator Greetings, and welcome to Energy Recovery Fourth Quarter and Full year 2022 Conference Call.

Energy Recovery, Inc. (ERII) Q4 2022 Earnings Call Transcript

Energy Recovery (ERII) delivered earnings and revenue surprises of 52.94% and 3.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Energy Recovery (ERII) Beats Q4 Earnings and Revenue Estimates

Signing Celebration to be Held at EuroShop 2023 Trade Fair SAN 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 distribution agent in the Benelux region. The parties entered into an exclusive distribution agreement, Energy Recovery's first for its PX G1300TM energy recovery device in Europe, which grants Fieuw exclusive rights to sell the PX G1300 within the Benelux region for two years and requires set volume purchase of PX G1300s.

Energy Recovery Announces PX G1300 Exclusive Distribution Agreement for the Benelux Region with European Refrigeration Company Fieuw Koeltechniek

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 Highlights Revenue growth of 21% over the prior year and within the November 2022 guidance.

Energy Recovery Reports Record Q4 Revenue, 75% Annual Earnings Per Share Growth

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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.

Energy Recovery Receives SWRO Contracts Totaling Over $9 Million in Asia

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 RELEASE Wednesday, February 22, 2023 (after market close) LIVE CONFERENCE CALL Wednesday, February 22, 2023, 2 p.m.

Energy Recovery to Host Full Year and Fourth Quarter 2022 Financial Results Conference Call on February 22, 2023

Energy Recovery, Inc. (NASDAQ:ERII ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Jim Siccardi - Vice President of Investor Relations Bob Mao - Chairman, President & Chief Executive Officer Joshua Ballard - Chief Financial Officer Conference Call Participants Pavel Molchanov - Raymond James Operator Greetings, ladies and gentlemen, and welcome to Energy Recovery Third Quarter of 2022 Conference Call. At this time, all participants are in listen-only mode.

Energy Recovery, Inc. (ERII) Q3 2022 Earnings Call Transcript

Energy Recovery (ERII) delivered earnings and revenue surprises of 0% and 10.41%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Energy Recovery (ERII) Q3 Earnings Match Estimates

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.

Energy Recovery Reports 47% Quarterly Product Revenue Growth in Third Quarter

Energy Recovery specializes in making devices used to recover what otherwise would be lost energy during the salt-water reverse osmosis ("SWRO") process. Global warming, as well as population growth and pollution, is requiring many governments to find new sources of potable water. One obvious source is the ocean (through SWRO).

Energy Recovery: Global Warming, ESG And Salt-Water Reverse Osmosis

SAN LEANDRO, CA / ACCESSWIRE / October 4, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending September 30, 2022, and host a conference call to discuss the quarterly results and related matters on November 2, 2022 after market close. EARNINGS RELEASEWednesday, November 2, 2022 (after market close) LIVE CONFERENCE CALLWednesday, November 2, 2022, 2 p.m.

Energy Recovery to Host Third Quarter 2022 Financial Results Conference Call on November 2, 2022

Highlights: Energy Recovery's newly released ESG report discloses nearly $4 billion saved in energy costs and 14.5 million metric tons of emissions avoided annually for its customers. The company's pressure exchanger (PX) technology makes sustainable practices more economical, eliminating the difficult decision of "sustainability vs.

Energy Recovery's ESG Report Showcases Products to Drive Decarbonization in Critical Industries at Lower Cost

SAN LEANDRO, CA / ACCESSWIRE / September 1, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced a slate of contract awards totaling more than $12.6 million to supply its PX® Pressure Exchanger® energy recovery devices (PX) to seawater reverse osmosis (SWRO) desalination facilities in North Africa, with all orders to be fulfilled by the end of 2022. Energy Recovery estimates that across the four largest facilities in this group, the PX will prevent more than 130,000 metric tons of carbon emissions each year, the equivalent of removing over 28,000 passenger cars from the road.

Energy Recovery Awarded Over $12.6M in SWRO Contracts in North Africa

Energy Recovery (ERII) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Energy Recovery (ERII) Gain on Rising Earnings Estimates?

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Does Energy Recovery (ERII) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Energy Recovery (ERII) is a Great Momentum Stock to Buy

Energy Recovery (ERII) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Energy Recovery (ERII) a New Buy Stock

Finally, more than six years after the deal with Schlumberger was signed, Energy Recovery has pulled the plug on its ill-fated VorTeq commercialization effort. This is great news for ERII shareholders. The company can now focus on its core bread-n-butter: The global salt water reverse osmosis ("SWRO") market.

ERII: Investors Cheer IRA Bill And VorTeq's Exit

Energy Recovery, Inc. (NASDAQ:ERII ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants James Siccardi - Vice President, Investor Relations Bob Mao - Chairman, President and CEO Joshua Ballard - Chief Financial Officer Conference Call Participants Neil Thompsons - Family Securities Wally Walker - Hana Road Capital Operator Greetings. And welcome to Energy Recovery Second Quarter 2022 Conference Call.

Energy Recovery, Inc.'s (ERII) CEO Bob Mao on Q2 2022 Results - Earnings Call Transcript

SAN LEANDRO, CA / ACCESSWIRE / August 3, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the second quarter ended June 30, 2022. Second Quarter Highlights: Revenue of $20.3 million, as guided in the first quarter.

Energy Recovery Announces Second Quarter 2022 Financial Results and Commissioning of the First PX G1300(TM) for CO2 Refrigeration

Energy Recovery (ERII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Energy Recovery (ERII) Q2 Earnings Expected to Decline

SAN LEANDRO, CA / ACCESSWIRE / July 11, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending June 30, 2022, and host a conference call to discuss the quarter results and related matters on August 3, 2022 after market close. EARNINGS RELEASE Wednesday, August 3, 2022 (after market close) LIVE CONFERENCE CALL Wednesday, August 3, 2022, 2 p.m.

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