Investor Relations

Latest Financial Results

Feb 21, 2024 • 4:00 PM EST

FY 2023 Year End Results

Fiscal Year Ended Dec 31, 2023

$128.3M

Record annual revenue of $128.3 million, which includes a 79% growth in wastewater and represents nine consecutive years of revenue growth.

$57.2M

Record quarterly revenue of $57.2 million, representing a 35% year-on-year growth with strong performance in Energy Recovery’s primary desalination business and the continued rapid expansion of the company’s wastewater sector.

67.8%

Gross margin of 67.8%, within Energy Recovery’s expectations and above guidance.

$68.0M

Operating expenses of $68.0 million, in line with Energy Recovery’s expectations.

Source: Q4 2023 Earnings Release

For complete information regarding our financials, see our periodic filings

Latest Presentation

November 2023 Investor Presentation

Recent Event

Q4 2023 Earnings Conference Call

Latest Financial Results

$128.3M

Record annual revenue of $128.3 million, which includes a 79% growth in wastewater and represents nine consecutive years of revenue growth.

$57.2M

Record quarterly revenue of $57.2 million, representing a 35% year-on-year growth with strong performance in Energy Recovery’s primary desalination business and the continued rapid expansion of the company’s wastewater sector.

67.8%

Gross margin of 67.8%, within Energy Recovery’s expectations and above guidance.

$68.0M

Operating expenses of $68.0 million, in line with Energy Recovery’s expectations.

Source: Q4 2023 Earnings Release

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

Innovative Technology Made to Solve Complex Issues

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 and increase energy efficiency across several industries. With a strong foundation in the desalination industry, Energy Recovery has delivered transformative solutions that increase operational efficiency and provide a positive environmental impact to our customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research, and development facilities across California and Texas, with sales and on-site technical support available globally.

Energy Recovery at a Glance

222

Employees

11

Countries with employees

$125M

Product Revenue

As of Dec. 31, 2022 • 2022 10-K

For complete information regarding our financials, see our periodic filings.

2022 Revenue Breakdown

Revenue by Operating Segment in FY2022

As of Dec. 31, 2022 • 10-K 2022

Revenue by Primary Geographic Markets in FY2022

As of Dec. 31, 2022 • 10-K 2022

YoY Product Revenue

(in thousands)

As of Dec. 31, 2022 • 10-K 2022

Environmentally and Socially Conscious with Every Decision

Creating innovative and sustainable energy recovery solutions to positively contribute to our environment is at the core of our business. That is why we continue to prioritize our award-winning sustainability efforts in every part of our business.

Explore Our ESG Program

Dive Deeper into Energy Recovery Operations

Our energy recovery solutions have a broad range of uses across industries. Currently, our technology use and business is divided into three industries: desalination, industrial wastewater treatment, and CO2 systems.

Industries

Industries

The PX Pressure Exchanger is currently used in seawater reverse osmosis desalination. We are continually expanding uses to industries like wastewater treatment, and CO2 refrigeration.

Pressure Exchanger Technology

Pressure Exchanger Technology

Our pressure exchanger technology is at the heart of many of our products. It is designed to make industrial fluid flow processes more efficient and environmentally sustainable, lowering costs, saving energy, reducing waste, and minimizing emissions. This unique, versatile technology can operate in both high-pressure and low-pressure industrial fluid flow systems.

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