Welcome to our dedicated page for Energy Recovery news (Ticker: ERII), a resource for investors and traders seeking the latest updates and insights on Energy Recovery stock.
Energy Recovery, Inc. (Nasdaq: ERII) is an energy efficiency technology company that regularly publishes detailed financial and corporate updates, making its news flow important for investors and observers of industrial and infrastructure markets. The company designs and manufactures energy-saving technology built on its proprietary pressure exchanger platform, with a long-standing focus on desalination and broader applications across multiple industries.
News about Energy Recovery frequently centers on quarterly and annual financial results. The company issues earnings press releases that include revenue, margin, and cash flow information, along with segment and channel data for its Water and Emerging Technologies segments and for megaproject, original equipment manufacturer, and aftermarket revenue. These releases are often accompanied by management commentary and letters to shareholders discussing business performance and outlook.
Another recurring theme in ERII news is capital allocation. The company has announced Board-authorized share repurchase programs, describing the size of each authorization, the intended time frame, and the flexibility management has in executing repurchases using cash on hand. Such announcements provide insight into how Energy Recovery balances growth investments with returning capital to shareholders.
Corporate news also includes leadership updates and strategic initiatives. For example, Energy Recovery has reported appointments to key roles such as Chief Technology Officer and Vice President, Wastewater, linking these changes to its strategy and focus on technical and operational excellence. Together, these news items offer a view into how the company manages its technology platform, cost structure, and long-term growth plans. Investors following ERII can use this page to review earnings releases, repurchase announcements, and leadership updates over time.
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Energy Recovery (NASDAQ: ERII) has secured contracts exceeding $8 million to provide PX® Pressure Exchanger® energy recovery devices to desalination facilities in Chile. These projects will produce over 350,000 cubic meters of fresh water daily, supporting the mining sector, which is crucial for copper and lithium production. The PX technology is anticipated to reduce carbon emissions by approximately 140,000 tons annually and cut energy consumption in desalination by up to 60%. Orders are expected to be fulfilled by Q4 2023, reaffirming Chile's leadership in the Latin American desalination market amidst ongoing water scarcity challenges.
Energy Recovery, Inc. (NASDAQ: ERII) will announce its financial results for the first quarter ending March 31, 2023, on May 3, 2023, after market close. The company will hold a live conference call to discuss these results at 2 p.m. PT / 5 p.m. ET the same day. Investors can join the call by dialing the toll-free number or by accessing it online. A replay will be available shortly after the call, lasting until June 2, 2023.
Energy Recovery designs technology solutions aimed at efficiency and sustainability in fluid-flow markets globally, with a strong focus on commercial and industrial processes.
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