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Energy Recovery Inc - ERII STOCK NEWS

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.

Overview of Energy Recovery Inc (ERII)

Energy Recovery Inc is an engineering-driven technology company known for its innovative approach to converting wasted pressure energy into valuable assets. With a focus on industrial efficiency and sustainable process optimization, the company designs and manufactures energy recovery devices and pump solutions that serve industries such as oil & gas, chemical processing, and water treatment, including reverse osmosis desalination. Its award-winning technology has been widely adopted, proving to be a reliable asset in complex industrial systems.

Core Business Segments

Energy Recovery Inc operates through three primary segments: Water, Emerging Technologies, and Corporate. The Water segment is particularly significant, as it caters to the global reverse osmosis desalination market by providing energy recovery devices (ERDs) that improve process efficiency and reduce operational costs. The Emerging Technologies segment focuses on exploring new industrial applications for energy recovery, while the Corporate segment consolidates strategic management and administrative functions, ensuring a unified direction in innovation and market deployment.

Technology and Product Innovation

At its core, Energy Recovery Inc excels in engineering solutions that capture and repurpose pressure energy. The company’s energy recovery devices are designed to simplify complex mechanical and hydraulic processes. By integrating these systems into industrial applications, ERII not only enhances productivity but also extends the operational lifespan of pumps exposed to harsh environments. This is achieved through innovative design principles that focus on durability, adaptability, and efficiency, ensuring that energy is not wasted but effectively redeployed to drive industrial processes forward.

Operational Excellence and Industry Applications

The company’s expertise in mechanical and process engineering puts it in a prominent position within industries that demand rugged and reliable equipment. In the oil & gas sector, Energy Recovery Inc products contribute by reducing the energy input required for extraction and processing activities. In the chemical processing field, the company’s solutions enhance the safe and efficient handling of fluids under high pressure. The water treatment industry, particularly in desalination, benefits greatly from the advanced engineering of ERII, leading to substantial cost savings and enhanced environmental performance through energy reutilization.

Global Reach and Market Presence

Headquartered in the Bay Area, Energy Recovery Inc has established a strong international presence with offices in strategic locations such as Ireland, Shanghai, and Dubai. This global operational footprint enables the company to engage effectively with diverse markets, leveraging regional expertise and local insights. By maintaining a close connection with emerging markets and established industrial hubs, ERII ensures that its technology meets the evolving demands of varied geographical regions while consistently reinforcing its reputation for innovation and reliability.

Engineering Excellence and Product Reliability

One of the key strengths of Energy Recovery Inc is its commitment to engineering excellence. The company’s research and development teams work continuously to refine existing technologies and develop new applications for energy recovery. This engineering prowess not only results in products that endure in hostile processing conditions but also contributes significantly to improved system efficiencies and cost effectiveness. By emphasizing durability and efficiency in every design, the company underscores its commitment to high-quality engineering standards and customer-focused solutions.

Competitive Position and Industry Differentiation

In a competitive industrial landscape, Energy Recovery Inc differentiates itself through its deep technical expertise, innovative design approach, and the ability to deliver robust energy recovery solutions that simplify the complexity of modern industrial processes. Rather than relying on speculative claims, the company demonstrates its position by addressing the core challenges faced by pump-intensive industries. Its unique value proposition lies in the combination of engineered reliability and measurable cost savings which has made it an integral part of the operational strategies for many global industrial players.

Industrial Impact and Efficiency Enhancements

The adoption of ERII technology across multiple sectors has led to substantial improvements in process efficiency and operational reliability. By effectively transforming wasted energy into a usable form, the company helps reduce overhead costs and enhances productivity. This performance is validated by the consistent performance of its devices in high-demand environments, leading to significant annual operational savings for its clients. The reliability of its products ensures that even under the most challenging conditions, industrial processes can operate smoothly and sustainably.

Integration of Expertise and Sustainable Practices

Energy Recovery Inc stands as a testament to how engineering innovation can drive sustainability in industrial operations. The company’s solutions are grounded in rigorous technical research and seasoned practical experience, which together create systems that are both efficient and resilient. Its approach to engineering is methodical, combining theoretical analysis with real-world applications to address the specific needs of industries that operate under extreme conditions. The firm’s sustained commitment to quality and technical excellence underlines its long-standing reputation for delivering products that optimize energy utilization and enhance process reliability.

Conclusion

In summary, Energy Recovery Inc (ERII) is a technology innovator in the field of industrial process optimization, known for its sophisticated methods of energy recovery. By leveraging its engineering expertise and a deep understanding of market needs, the company has cemented its importance in industrial sectors such as oil & gas, chemical processing, and water desalination. Its comprehensive product portfolio and global operational footprint underscore a commitment to enhancing industrial efficiency and sustainable practices through technically advanced solutions that consistently deliver operational benefits.

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Energy Recovery, Inc. (ERII) announced its upcoming financial results release for the quarterly period ending March 31, 2024, with a conference call scheduled for May 1, 2024, after market close. The live call will be at 2 p.m. PT / 5 p.m. ET, with a replay available until May 31, 2024. Investors can access the call and replay via phone or webcast.
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Energy Recovery, Inc. (ERII) announces the resignation of Joshua Ballard as Chief Financial Officer by June 2024. A search for a new CFO is ongoing with Korn Ferry. Ballard's departure follows years of revenue and profit growth, strengthening the company's financial position. CEO David Moon expresses gratitude for Ballard's leadership and anticipates a smooth transition.
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Energy Recovery, Inc. (ERII) announces record annual revenue of $128.3 million for 2023, with a 79% growth in wastewater. The company achieved a record quarterly revenue of $57.2 million, a 35% year-on-year increase. Despite a delay in a project shipment affecting water revenue, Energy Recovery's gross margin was 67.8%, exceeding expectations. Operating expenses were $68.0 million, with income from operations at $19.1 million. Net income reached $21.5 million, and adjusted EBITDA was $31.2 million. Cash and investments totaled $122.4 million. CEO David Moon highlighted growth in desalination and wastewater sectors, aiming for market diversification and shareholder value in 2024.
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Energy Recovery, Inc. (ERII) has secured contracts worth over $28 million to supply its latest PX Q400 energy recovery device to mega desalination projects in the Gulf region. The PX Q400 is praised for its top-of-the-line performance and cost-effectiveness, making it the preferred choice for seawater desalination. The contracts highlight Energy Recovery's commitment to innovation and sustainability, with projected carbon emission savings equivalent to removing 130,000 cars from the road annually.
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Energy Recovery, Inc. (ERII) will release its financial results for the year and quarterly period ending December 31, 2023, and will host a conference call to discuss the results and related matters on February 21, 2024, after market close. The live conference call will take place on the same day at 2 p.m. PT / 5 p.m. ET. Investors can access the call and replay over the internet via webcast.
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Energy Recovery, Inc. (ERII) has appointed David Moon as President and CEO, who has extensive experience in commercial and industrial technologies. Moon will continue to serve on the Board of Directors and is focused on commercializing new applications of the PX technology platform. His previous work includes leadership roles at Carrier Commercial Refrigeration and Heatcraft Worldwide Refrigeration, with a track record of achieving double-digit earnings improvement. Moon's appointment is expected to drive the company's long-term growth and capitalize on growth opportunities in refrigeration and wastewater treatment.
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Energy Recovery Inc. (Nasdaq:ERII) reported its financial results for Q3 2023, with revenue of $37.0 million, exceeding guidance. Gross margin was 69.9%, higher than estimates, and operating expenses were $16.7 million. Net income was $9.7 million and adjusted EBITDA was $12.0 million. The company also issued its annual Sustainability Report, committing to reduce emissions by 65% by 2026.
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Energy Recovery, Inc. has appointed David Moon as interim CEO. A search process for a permanent CEO is underway. Moon brings senior leadership experience and will focus on scaling the commercialization of the company's offerings in refrigeration and wastewater treatment.
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Energy Recovery, Inc. announces contracts to supply the PX Pressure Exchanger to desalination projects in Algeria worth over $28 million.
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Energy Recovery, Inc. (NASDAQ: ERII) will release its financial results for the quarterly period ending September 30, 2023 on November 1, 2023 after market close. A conference call to discuss quarterly results will also be held. Investors can access the live call and replay over the internet via webcast.
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FAQ

What is the current stock price of Energy Recovery (ERII)?

The current stock price of Energy Recovery (ERII) is $15.85 as of April 1, 2025.

What is the market cap of Energy Recovery (ERII)?

The market cap of Energy Recovery (ERII) is approximately 868.3M.

What is the core business of Energy Recovery Inc?

Energy Recovery Inc specializes in engineering and manufacturing energy recovery devices that convert wasted pressure energy into usable assets, enhancing industrial efficiency.

How does Energy Recovery Inc improve industrial processes?

The company designs advanced energy recovery systems that capture unused energy, optimize pump performance, and simplify complex industrial operations across several sectors.

Which sectors benefit from Energy Recovery Inc's technology?

Industries such as oil & gas, chemical processing, and water treatment, particularly in reverse osmosis desalination, benefit from the company's technology.

What are the main business segments of the company?

The company operates primarily in three segments: Water, Emerging Technologies, and Corporate, with significant focus on the global reverse osmosis desalination market.

How does Energy Recovery Inc maintain product reliability in harsh environments?

Through meticulous engineering and innovative design, the company creates durable energy recovery devices that protect critical systems like pumps from hostile processing conditions.

What differentiates Energy Recovery Inc from its competitors?

Its differentiation lies in its deep technical expertise, integrated engineering solutions, and the ability to deliver robust, efficient, and cost-effective energy recovery systems.

How does the company support its global operations?

Headquartered in the Bay Area with offices in key international markets such as Ireland, Shanghai, and Dubai, Energy Recovery Inc maintains a strong global presence and regional expertise.

What makes Energy Recovery Inc solutions sustainable for industrial applications?

The company’s focus on capturing and converting wasted energy into usable forms not only improves operational efficiency but also contributes to more sustainable and cost-effective industrial practices.
Energy Recovery Inc

Nasdaq:ERII

ERII Rankings

ERII Stock Data

868.29M
53.45M
2.7%
87.99%
2.11%
Pollution & Treatment Controls
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United States
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