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 (ERII) delivers innovative pressure energy conversion solutions for industrial efficiency across water desalination, oil & gas, and chemical processing sectors. This news hub provides investors and industry professionals with centralized access to the company's latest strategic developments.
Track official press releases covering quarterly earnings, product launches, and operational milestones. Our curated collection features updates on ERII's energy recovery devices, emerging technology applications, and global market expansion efforts.
Key content includes analysis of reverse osmosis innovations, partnerships in sustainable industrial solutions, and regulatory developments impacting energy recovery technologies. Bookmark this page for real-time updates on ERII's engineering advancements and industry leadership.
Energy Recovery (NASDAQ:ERII) reported its Q2 2025 financial results with revenue of $28.1 million, up 3% from Q2 2024. The company achieved a gross margin of 64.0%, slightly down 60 basis points year-over-year. Notable improvements include a 173.2% increase in operating income to $1.5 million and a significant turnaround in net income to $2.1 million from a loss in the previous year.
Operating expenses decreased by 15.8% to $16.5 million due to reduced employee and consulting costs. The company maintained a strong financial position with $93.7 million in cash and investments. Year-to-date performance shows revenue of $36.1 million, down 8% compared to 2024, with an improved net loss position of $7.8 million versus $8.9 million in the previous year.
[ "Operating income increased 173.2% to $1.5 million in Q2 2025", "Net income improved to $2.1 million from a $0.6 million loss in Q2 2024", "Operating expenses reduced by 15.8% through lower employee and consulting costs", "Strong cash position of $93.7 million maintained", "Cash provided by operations increased slightly year-to-date to $14.8 million" ]Energy Recovery (NASDAQ:ERII) has announced a new $25 million share repurchase program for the next 12 months starting August 2025. This follows two recent buyback programs: a completed $50 million program from November 2024 where 3.2M shares were repurchased at $15.39/share, and an ongoing $30 million program from February 2025 with 1.6M shares bought at $13.87/share.
In total, ERII has repurchased 4.8 million shares at an average price of $14.90 per share across both programs. The company's management indicates strong cash generation above capital requirements, demonstrating confidence in their long-term growth strategy while maintaining ability to return capital to shareholders.
Energy Recovery (NASDAQ: ERII) has scheduled its second quarter 2025 financial results release and conference call. The company will announce its Q2 2025 results on August 6, 2025, after market close, followed by a conference call at 2 p.m. PT / 5 p.m. ET the same day.
Investors can access the conference call through toll-free numbers for US/Canada (+1 888-645-4404) or international lines (+1 862-298-0702). A replay will be available until September 6, 2025, accessible via telephone or webcast, with access code 13755031.
- Net loss of $9.9 million, deteriorating from $8.3 million in Q1 2024
- Operating loss of $12.6 million, a 14.9% decrease year-over-year
- Operating expenses decreased 5.8% to $17.0 million
- Adjusted EBITDA loss of $8.7 million
- Strong cash position of $106.7 million in cash and investments
Energy Recovery (NASDAQ: ERII) has announced it will release its financial results for Q1 2025 on May 7, 2025 after market close. The company will host a conference call the same day at 2 p.m. PT / 5 p.m. ET to discuss the results.
Investors can access the live call through US/Canada toll-free number (+1 888-645-4404) or international number (+1 862-298-0702). A replay will be available until June 7, 2025 via toll-free (+1 877-660-6853) or international (+1 201-612-7415) numbers using access code 13753398. The call and replay will also be accessible via webcast.
Energy Recovery (ERII) has reported strong Q4 2024 financial results, with revenue reaching $67.1 million, marking a 17% increase compared to Q4'2023. The company achieved a gross margin of 70.2%, up 110 basis points year-over-year, primarily due to manufacturing transformation benefits.
Operating expenses increased 13.9% to $21.5 million, including $2.5 million in restructuring costs related to workforce reduction and executive transition. Income from operations grew 24.3% to $25.6 million, driven by higher revenue and improved gross margin. The company reported net income of $23.5 million and adjusted EBITDA of $31.3 million. The company's cash and investments position stood at $99.9 million.
Energy Recovery (ERII) has announced a new $30 million share repurchase program starting February 2025, following the completion of its previous $50 million buyback program in Q4 2024. Under the completed program, the company repurchased 3.2 million shares at an average price of $15.39 per share.
The new 12-month buyback program will be executed through open market trades, block trades, and private transactions. The company's President and CEO David Moon emphasized their confidence in growth strategy, margin improvement, and cost reduction initiatives. Management expects to continue generating cash flow exceeding capital expenditures and growth requirements in 2025, maintaining their track record of recent years.
Energy Recovery (ERII) announced key leadership changes with Dr. Ram Ramanan appointed as new Chief Technology Officer (CTO) and David Kim-Hak promoted to Vice President, Wastewater. Dr. Ramanan, bringing over 30 years of product innovation experience from companies like Bloom Energy, will assume CTO duties on March 3, 2024.
Current CTO Dr. Farshad Ghasripoor will retire after 12 years with the company but continue as an executive advisor through October 2025. The new VP Wastewater role was created to capitalize on growth opportunities in municipal and industrial wastewater treatment.
Dr. Ramanan holds a doctorate from Ohio State University, completed postdoctoral work at Stanford, and has over 50 patents. Kim-Hak, previously Senior Director of Product Management and Technical Support, has been with Energy Recovery for six years and played a key role in the company winning the Most Innovative Company in Desalination Technology award at the 2024 IDRA World Congress.
Energy Recovery (NASDAQ: ERII) has announced it will release its financial results for Q4 and full year 2024 after market close on February 26, 2025. The company will host a conference call to discuss the results on the same day at 2 p.m. PT / 5 p.m. ET.
The earnings call will be accessible via toll-free numbers for US/Canada (+1 877-709-8150) and international listeners (+1 201-689-8354). A replay will be available until March 26, 2025, accessible through both telephone and webcast. The replay access code is 13751124.
Energy Recovery (NASDAQ: ERII) has announced it will release its fourth quarter and full year 2024 financial results on February 26, 2025, after market close. The company will host a conference call to discuss the results on the same day at 2 p.m. PT / 5 p.m. ET.
A live conference call will be available via toll-free numbers for US/Canada (+1 877-709-8150) and international callers (+1 201-689-8354). A replay will be accessible until March 26, 2025, through both telephone and webcast. The replay access code is 13751124.
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