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.

NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- USA Rare Earth, LLC (“USARE” or the “Company”), announced today that Joshua Ballard has been named Chief Executive Officer effective December 17, 2024. USARE's mission is to establish a vertically integrated, domestic rare earth magnet supply chain that includes heavy rare earth elements and other critical minerals, such as gallium. USARE is developing a NdFeB magnet manufacturing plant in the United States, and establishing domestic rare earth elements and critical minerals supply, extraction, and processing capabilities to both supply its magnet manufacturing plant and market surplus materials to third-parties.

USA Rare Earth Appoints Joshua Ballard as Chief Executive Officer

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--At the 2024 IDRA World Congress show this week, Energy Recovery, Inc. (Nasdaq: ERII) was honored with The Breakthrough Innovation Award for Most Innovative Company in Desalination Technology. The award, announced at the IDRA World Congress Gala Dinner, “recognizes the pioneering efforts and transformative impact of a company, utility, or agency at the forefront of desalination technology.” Energy Recovery has been the trusted gold standard in en.

Energy Recovery Wins “Breakthrough Innovation Award” at IDRA World Congress

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced that its Board of Directors approved a share repurchase program to purchase up to $50 million of the company's outstanding common stock over the next 12 months, beginning in November 2024. “With our strategic plan, or Playbook, complete we now have a clear picture of the capital required to fund our growth,” said Energy Recovery's President and CEO David Moon. “As such, we are happy to return a large port.

Energy Recovery Announces Share Repurchase Program

Rising urbanization and stricter building codes are pushing commercial and residential sectors to adopt ERVs, as these systems effectively balance indoor temperature and humidity while reducing the load on heating, ventilation, and air conditioning (HVAC) systems, Says S&S Insider. Rising urbanization and stricter building codes are pushing commercial and residential sectors to adopt ERVs, as these systems effectively balance indoor temperature and humidity while reducing the load on heating, ventilation, and air conditioning (HVAC) systems, Says S&S Insider.

Energy Recovery Ventilator Market Size to Reach US$ 10.73 Billion by 2032, Driven by Increasing Awareness of Indoor Air Quality & The Need for Energy-Efficient Ventilation Solutions | Research by S&S Insider

Energy Recovery reported Q3 2024 results with much better performance in delivering products to their mega-projects and recording revenues. Still, about 50% of yearly revenue has to be delivered in Q4, leaving significant guidance-miss risk, which should not affect overall business profitability anyway. The company issued a white paper with positive data on the refrigeration technology, although it is still early to determine its value.

Energy Recovery Delivered In Q3 But Faces A Challenging Q4, Still A Hold

Energy Recovery, Inc. (NASDAQ:ERII ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Lionel McBee - Director, Investor Relations David Moon - President and Chief Executive Officer, Director Michael Mancini - Chief Financial Officer Conference Call Participants Ryan Pfingst - B. Riley Securities Pavel Molchanov - Raymond James Jason Bandel - Evercore ISI Jeffrey Campbell - Seaport Research Partners Operator Good day, ladies and gentlemen, and welcome to the Energy Recovery Third Quarter Earnings Call.

Energy Recovery, Inc. (ERII) Q3 2024 Earnings Call Transcript

Energy Recovery (ERII) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.20 per share a year ago.

Energy Recovery (ERII) Q3 Earnings and Revenues Surpass Estimates

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2024. Third Quarter Highlights Revenue of $38.6 million, reaching the upper end of our guidance of $35 - $39 million. Gross margin of 65.1%, a decrease of 480 bps, as compared to Q3'2023, due primarily to higher manufacturing costs and higher costs related to product mix. Operating expenses.

Energy Recovery Reports its Third Quarter 2024 Financial Results

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced new performance data for the PX G1300® pressure exchanger. The findings demonstrate its successful integration into several existing CO2 refrigeration systems to reduce energy consumption and increase cooling capacity and system stability. CO2 refrigeration is a leading replacement for harmful hydrofluorocarbon (HFC) systems because it is non-toxic, non-flammable, and has a low global warming potential th.

Energy Recovery Showcases Exceptional Performance of PX G1300 in Commercial CO2 Refrigeration Installations

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) (Energy Recovery or the Company) will host an investor webinar to present its strategic vision with senior management on November 18th, 2024 from 10 a.m. to about noon Eastern Time. This special event will include presentations by CEO, David Moon, CFO Mike Mancini, Sr. VP of Water, Rodney Clemente, and VP of CO2, Ricardo Freitas. Management's presentations will be followed by a live Q&A session for analysts and inves.

Join Energy Recovery's Live Investor Webinar and Q&A Session on November 18, 2024

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (NASDAQ: ERII) today announced contract awards totaling over $12 million for its PX® Pressure Exchanger® (PX) energy recovery devices for three seawater reverse osmosis (SWRO) desalination projects in the United Arab Emirates. The plants include capacity totaling close to 1 million cubic meters per day, and the orders are expected to ship by Q4 2024. These contracts have previously been reported in the company's financial guidance. One of th.

Energy Recovery Awarded More Than $12 Million in Desalination Contracts in the United Arab Emirates

Wilmington, Delaware, United States, Transparency Market Research Inc. - Wilmington, Delaware, United States, Transparency Market Research Inc. -

Energy Recovery Ventilators Market Projected to Hit USD 9.8 billion at a 14.3% CAGR by 2031 - Transparency Market Research Inc.

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc.(NASDAQ: ERII or the Company) announced today it will release its financial results for the quarterly period ending September 30, 2024, and will host a conference call to discuss the results and related matters on October 30, 2024, after market close. In addition, the Company announced it will host an investor webinar to present its strategic vision with senior management on November 18th, 2024. EARNINGS RELEASE Wednesday, October 30, 2.

Energy Recovery to Release Third Quarter 2024 Financial Results and Announces an Investor Webinar

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. North Africa continues to present a strong demand for SWRO desalination. Morocco is facing a years long drou.

Energy Recovery Signs $27.5 Million in Desalination Contracts in Morocco

Energy Recovery, Inc. (NASDAQ:ERII ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants James Siccardi - VP, Investor Relations David Moon - President & CEO Conference Call Participants Pavel Molchanov - Raymond James Ryan Pfingst - B. Riley Securities Jason Bandel - Evercore ISI Operator Greetings, and welcome to the Energy Recovery 2Q '24 Earnings Call.

Energy Recovery, Inc. (ERII) Q2 2024 Earnings Call Transcript

Energy Recovery (ERII) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to break-even earnings per share a year ago.

Energy Recovery (ERII) Q2 Earnings and Revenues Top Estimates

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 primarily to higher manufacturing costs. Operating expenses of $19.6 million, an increase of 21.4%, as c.

Energy Recovery Reports Its Second Quarter 2024 Financial Results

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 and technology businesses to his expertise in capital allocation, he possesses all the qualities we have.

Energy Recovery Appoints Mike Mancini as Chief Financial Officer

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 CALL Wednesday, July 31, 2024, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150.

Energy Recovery to Host Second Quarter 2024 Financial Results Conference Call on July 31, 2024

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 product, processes, and talent is critical to fueling our future growth plans,” said David Moon, Energy Recover.

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 $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 India each day. As one of the most water stressed countries in the world, India continues to invest in desa.

Energy Recovery Announces $15 Million in SWRO Contracts in India

Energy Recovery, Inc. (NASDAQ:ERII ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants James Siccardi - Vice President of Investor Relations David Moon - President & Chief Executive Officer Joshua Ballard - Chief Financial Officer Conference Call Participants Pavel Molchanov - Raymond James Ryan Pfingst - B. Riley Securities Operator Greetings and welcome to the Energy Recovery First Quarter 2024 Earnings Call.

Energy Recovery, Inc. (ERII) Q1 2024 Earnings Call Transcript

Energy Recovery (ERII) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.08 per share a year ago.

Energy Recovery (ERII) Reports Q1 Loss, Lags Revenue Estimates

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 manufacturing costs and an increase in inventory scrap. Operating expenses of $18.1 million, an increase of 11%.

Energy Recovery Reports its First Quarter 2024 Financial Results

374Water Inc

DURHAM, NC / ACCESSWIRE / April 23, 2024 / 374Water Inc. (Nasdaq:SCWO), a global leader in cutting-edge, sustainable waste management technologies, today announced the appointment of Chris Gannon as its new President and Chief Executive Officer (CEO), effective immediately. Gannon brings a broad array of executive leadership experience in multiple disciplines and industries, including environmental technology development, highly engineered product, advanced manufacturing, and global customer support and service with customers in the municipal, industrial, commercial, defense, and medical spaces.

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