Investor Relations

Latest Financial Results

Oct 30, 2024 • 4:05 PM EDT

Q3 2024 Quarterly Results

Quarter Ended Sep 30, 2024

Earnings Release
HTML PDF
Earnings Webcast
Audio
Prepared Remarks
PDF
10-Q Filing
HTML PDF
XBRL
ZIP

$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 News

Energy Recovery Reports its Third Quarter 2024 Financial Results

View Press Release View All News

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

View Press Release

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

View Press Release

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

View Press Release

Latest Presentation

November 2023 Investor Presentation

View Presentation
View All Presentations

Upcoming Event

Energy Recovery: Charting the Way Forward - Webinar

View Event
Add to Calendar View All Events

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

Report Links

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.

View Executive Team View Board of Directors

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 Program

IR 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