Energy Recovery Inc (ERII) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic ... [Yahoo! Finance]
Energy Recovery, Inc. (ERII)
Last energy recovery, inc. earnings: 4/30 04:02 pm
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US:NASDAQ Investor Relations:
ir.energyrecovery.com
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Source: Yahoo! Finance
Water Revenue: $38.3 million, a 4% increase compared to Q3 2023 and up 42% compared to Q2 2024. Gross Margin: 65.1%, above the guided range of 62% to 64% for Q3. Operating Expenses: $18.1 million, below the previously guided range of $21 to $22 million for the quarter. Net Income: $8.5 million, reflecting a substantial increase compared to the second quarter. Cash and Investments: $139.9 million at the end of Q3, compared to $138 million at the end of Q2. Full Year Revenue Guidance: Maintained at $140 to $150 million. Wastewater Revenue Guidance: Expected towards the lower end of $12 to $15 million. Operating Expense Guidance: Reduced to $76 to $78 million from the previous $78 to $80 million. Warning! GuruFocus has detected 5 Warning Signs with ERII. Release Date: October 30, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Energy Recovery Inc ( NASDAQ:ERII ) achieved a record third-quarter revenue of $38.
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ERII
News
- Energy Recovery, Inc. (NASDAQ: ERII) had its price target lowered by analysts at Evercore ISI from $23.00 to $20.00. They now have an "outperform" rating on the stock.MarketBeat
- Energy Recovery, Inc. (NASDAQ: ERII) had its price target lowered by analysts at B. Riley from $22.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- Energy Recovery Announces Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Energy Recovery Announces Share Repurchase ProgramBusiness Wire
- Energy Recovery, Inc.'s (NASDAQ:ERII) recent 5.9% pullback adds to one-year year losses, institutional owners may take drastic measures [Yahoo! Finance]Yahoo! Finance
ERII
Earnings
- 10/30/24 - Beat
ERII
Analyst Actions
- 11/19/24 - Evercore ISI Group
ERII
Sec Filings
- 11/20/24 - Form 8-K
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- ERII's page on the SEC website