Energy Recovery Reports its Fourth Quarter 2024 Financial Results
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
Company Research
Source: Business Wire
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2024.Fourth Quarter HighlightsRevenue of $67.1 million, an increase of 17% as compared to Q4’2023 and resulting in full-year revenue at the midpoint of guidance.Gross margin of 70.2%, an increase of 110 bps, as compared to Q4’2023, due primarily to benefits from our manufacturing transformation.Operating expenses of $21.5 million, an increase of 13.9%, as compared to Q4’2023, due primarily to $2.5 million of restructuring costs related to our announced workforce reduction and executive transition costs.Income from operations of $25.6 million, an increase of 24.3%, as compared to Q4’2023, mainly due to higher revenue and higher gross margin.Net income of $23.5 million and adjusted EBITDA(1) of $31.3 million.Cash and investments of $99.9 million, which includes cash, cash equivalents, a
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ERII
Earnings
- 11/5/25 - Beat
ERII
Sec Filings
- 12/8/25 - Form 4
- 12/5/25 - Form 144
- 12/4/25 - Form 144
- ERII's page on the SEC website