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.

Energy Recovery is a fascinating company that has built itself around a unique type of product. This technology should make the world healthier in a lot of ways, but that doesn't make it a great investment.

Energy Recovery: A Novel Solution But At An Unreasonable Price

SAN LEANDRO, CA / ACCESSWIRE / June 14, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced three contract awards totaling over $8.2 million to supply its PX® Pressure Exchanger® energy recovery devices to seawater reverse osmosis (SWRO) desalination facilities in Asia. The orders are expected to be fulfilled by the end of Q3 of 2022.

Energy Recovery Awarded Over $8.2 Million in SWRO Contracts in Asia

Here is how Energy Recovery (ERII) and Mitsui & Co. (MITSY) have performed compared to their sector so far this year.

Has Energy Recovery (ERII) Outpaced Other Industrial Products Stocks This Year?

Energy Recovery, Inc. (NASDAQ:ERII ) Q1 2022 Results Conference Call May 4, 2022 5:00 PM ET Company Participants James Siccardi - VP, IR Bob Mao - Chairman, President and CEO Joshua Ballard - CFO Conference Call Participants Pavel Molchanov - Raymond James Ray Deacon - Petro Lotus Wally Walker - Hana Road Operator Greetings and welcome to Energy Recovery First Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode.

Energy Recovery, Inc. (ERII) CEO Bob Mao on Q1 2022 Results - Earnings Call Transcript

Energy Recovery (ERII) delivered earnings and revenue surprises of 220% and 25.18%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Energy Recovery (ERII) Tops Q1 Earnings and Revenue Estimates

SAN LEANDRO, CA / ACCESSWIRE / May 4, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the first quarter ended March 31, 2022. News Summary Revenue of $32.5 million, an increase of 12% year-over-year ("YoY").

Energy Recovery Achieves Record-Breaking First Quarter 2022 Revenue

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ERII: Because There Is A Global Water Crisis

SAN LEANDRO, CA / ACCESSWIRE / April 8, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending March 31, 2022, on May 4, 2022 after market close. The Company will host a conference call to discuss first quarter results and related matters on Wednesday, May 4, 2022 at 2:00 PM PT / 5:00 PM ET.

Energy Recovery to Host First Quarter 2022 Financial Results Conference Call on May 4, 2022

SAN LEANDRO, CA / ACCESSWIRE / April 7, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced multiple contract awards in the Gulf region totaling over $20 million for its PX® Pressure Exchanger® energy recovery devices. The orders are expected to be fulfilled by Q4 of 2023 and altogether, the desalination plants will be able to provide over one million cubic meters of water each day in this water-scarce region of the world.

Energy Recovery Awarded SWRO Contracts Totaling Over $20 Million in the Gulf Region

Energy Recovery, Inc. (ERII) CEO Bob Mao on Q4 2021 Results - Earnings Call Transcript

SAN LEANDRO, CA / ACCESSWIRE / February 24, 2022 / Energy Recovery, Inc. (Nasdaq:ERII) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2021. The Company achieved 13% product revenue growth for the fiscal year 2021 across all business segments.

Energy Recovery Achieves Record-Breaking Fourth Quarter and Fiscal Year 2021 Product Revenue

SAN LEANDRO, CA / ACCESSWIRE / February 17, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced two awards to supply its PX® Pressure Exchanger® (PX) energy recovery devices and an array of pumps to support industrial wastewater treatment operations at a battery-grade lithium carbonate manufacturing facility in Tibet, China and a textile wastewater treatment facility in Rajasthan, India. Both projects will utilize Energy Recovery's flagship PX in the seawater reverse osmosis (SWRO) desalination portion of their industrial wastewater treatment operations.

Energy Recovery Receives Industrial Wastewater Treatment Contracts Totaling $885K in New Market Verticals in Asia

SAN LEANDRO, CA / ACCESSWIRE / January 25, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2021, on February 24, 2022 after market close. The Company will also host a conference call to discuss the fourth quarter and year-end financial results and related matters on Thursday, February 24, 2022 at 2:00 PM PT / 5:00 PM ET.

Energy Recovery to Host Year End and Fourth Quarter 2021 Financial Results Conference Call

Energy Recovery, Inc. (NASDAQ: ERII) has received contract awards totaling ~$25 million for its PX Pressure Exchanger energy recovery devices for desalination plants in the Kingdom of Saudi Arabia. The contract includes several of the company's PX PowerTrain solutions that simplify the integration of PX devices in a facility.

Energy Recovery Secures $25M In Contracts With SWRO Plants In Saudi Arabia

SAN LEANDRO, CA / ACCESSWIRE / January 19, 2022 / Energy Recovery (NASDAQ:ERII) today announced contract awards totaling nearly $25 million for its PX® Pressure Exchanger® (PX) energy recovery devices for desalination plants in the Kingdom of Saudi Arabia, as well as several of the company's PX PowerTrain™ solutions. The capacity for the combined plants will be 1 million cubic meters per day, and the orders are expected to be fulfilled by the close of Q1 2022.

Energy Recovery Awarded Nearly $25 Million in Contracts with SWRO Plants in Kingdom of Saudi Arabia

Here is how Energy Recovery (ERII) and Zebra Technologies (ZBRA) have performed compared to their sector so far this year.

Is Energy Recovery (ERII) Outperforming Other Industrial Products Stocks This Year?

SAN LEANDRO, CA / ACCESSWIRE / December 20, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of Joan Chow to its Board of Directors. "We are delighted to have Ms.

Joan Chow Joins Energy Recovery Board of Directors

SAN LEANDRO, CA / ACCESSWIRE / November 18, 2021 / Energy Recovery (NASDAQ:ERII) today announced an awarded contract to replace the Flowserve DWEER (Dual Work Exchanger Energy Recovery) in a desalination facility that serves the community of Palm Jumeirah, a man-made island off the coast of Dubai, United Arab Emirates (UAE). Energy Recovery will supply the facility with PX® Pressure Exchanger® (PX) devices along with several of the company's PX PowerTrain™ solutions.

Energy Recovery Announces Retrofit of Palm Jumeirah with PX PowerTrain(TM)

Energy Recovery, Inc. (ERII) CEO Bob Mao on Q3 2021 Results - Earnings Call Transcript

SAN LEANDRO, CA / ACCESSWIRE / November 4, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced its financial results for the third quarter ended September 30, 2021. "2021 is playing out as expected, and we are well positioned to end the year in record fashion.

Energy Recovery Reports Third Quarter Financial Results

Energy Recovery's (ERII) Q3 earnings are likely to have gained from strength in its businesses, solid operational productivity and liquidity position. High cost & expenses might have been a spoilsport.

Energy Recovery (ERII) to Post Q3 Earnings: What's in Store?

SAN LEANDRO, CA and SAN FERNANDO VALLEY, CA / ACCESSWIRE / November 2, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) and Vallarta Supermarkets, a California-based company with more than 50 locations, today announced an agreement to install Energy Recovery's PX G1300 (PX G) energy recovery device in Vallarta Supermarkets' store located in the City of Indio in Southern California. "As we've committed to doing all we can to reduce our impact on the environment, we have been hunting for new technology and solutions that will enable us to operate our current CO2 refrigeration unit more efficiently and use less energy," said Miguel Gonzalez, CEO for Vallarta.

Energy Recovery Signs Agreement with Vallarta Supermarkets for First Commercial PX G Deployment

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) Q3 Earnings Expected to Decline

SAN LEANDRO, CA / ACCESSWIRE / October 26, 2021 / Energy Recovery (NASDAQ:ERII) today announced contract awards totaling more than $21.9 million for its PX® Pressure Exchanger® (PX) energy recovery devices and related equipment and services for seawater reverse osmosis desalination (SWRO) plants in the Kingdom of Saudi Arabia. The orders are expected to ship through Q2 of 2022, and the plants will be able to produce a combined total over one million cubic meters of water per day (m3/day).

News for Energy Recovery Stock (ERII)