Energy Recovery: Charting the Way Forward – 2024 Investor Day Webinar
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Latest Financial Results
Q3 2024
Quarter Ended Sep 30, 2024
$38.6M
Revenue of $38.6 million, reaching the upper end of our guidance of $35 - $39 million.
65.1%
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.
$8.5M
Net income of $8.5 million and adjusted EBITDA(1) of $11.6 million.
$139.9M
Cash and investments of $139.9 million, which include cash, cash equivalents, and short- and long-term investments.
Source: Q2 2024 Earnings Release
For complete information regarding our financials, see our periodic filings
Latest Annual Filing
For Fiscal Year Ending Dec 31, 2023
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A trusted global leader in energy efficiency
Energy Recovery (Nasdaq: ERII) is a trusted global leader in energy efficiency technology. Building on our pressure exchanger technology platform, we design and manufacture reliable, high-performance solutions that generate cost savings, increase energy efficiency, and reduce carbon emissions across several industries. With a strong foundation in the desalination industry, Energy Recovery has delivered transformative solutions that increase operational efficiency and environmental sustainability to our customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing and R&D facilities across California and Texas, with sales and on-site technical support available globally.
Energy Recovery at a Glance
269
Employees
12
Countries with employees
$128M
Product Revenue
As of Dec. 31, 2023 • 2023 10-K
For complete information regarding our financials, see our periodic filings.
2023 Revenue Breakdown
Revenue by Operating Segment in FY2023
As of Dec. 31, 2023 • 10-K 2023
Revenue by Primary Geographic Markets in FY2023
As of Dec. 31, 2023 • 10-K 2023
YoY Product Revenue
(in thousands)
As of Dec. 31, 2023 • 10-K 2023
Environmentally and Socially Conscious with Every Decision
Sustainability is at the core of what we do. In addition to developing and manufacturing solutions that help our customers reduce their emissions, we are dedicated to applying the principles of sustainability to our own operations.
Explore our Sustainability ProgramIR Contacts
Corporate Office
Energy Recovery
1717 Doolittle Drive
San Leandro, CA 94577
United States
Investor Relations
Energy Recovery
1717 Doolittle Drive
San Leandro, CA 94577
United States
346-382-6927
ir@energyrecovery.com
Transfer Agent
AST Financial
800-937-5449
help@astfinancial.com