Energy Recovery, Inc. (ERII) Energy Recovery, Inc. (ERII) is a global technology firm that engineers, manufactures, and distributes cutting-edge solutions predominantly for the seawater reverse osmosis (SWRO) desalination and industrial wastewater treatment industries. The company manages its operations through two distinct divisions: Water and Emerging Technologies. Its extensive product range includes advanced energy recovery devices, high-pressure feed and recirculation pumps, and hydraulic turbochargers and boosters. Beyond hardware, ERII also offers crucial support services such as spare parts, repair, field technical assistance, and commissioning. Furthermore, the company develops specialized solutions aimed at minimizing energy consumption in natural gas processing and in refrigeration systems that employ carbon dioxide. These various offerings are commercialized under recognized brand names including ERI, Ultra PX, PX, Pressure Exchanger, PX PowerTrain, VorTeq, IsoBoost, AT, and AquaBold. Its diverse customer base encompasses large engineering, procurement, and construction (EPC) companies, direct end-users, industry consultants, original equipment manufacturers (OEMs), and aftermarket clients. Founded in 1992, Energy Recovery, Inc. is headquartered in San Leandro, California.
Sector: Special Industry Machinery, NEC
Industry: Industrial - Pollution & Treatment Controls
Energy Recovery, Inc. NASDAQ:ERII Industrials · Industrial - Pollution & Treatment Controls
Close $7.15 -0.84%AH $7.09 +1.41%Now $7.19 PM VOL 861 $ Vol ≈ $6K RVOL 4.15x
Close $7.15 +6.56% AH $7.09 +1.41% since
Mkt Cap $362.96M
PM VOL 861 sh
$ Vol ≈$6K
RVOL 4.15×
Press Release ● Major ⚠ 4
Energy Recovery Reports its Third Quarter 2026 Financial Results
Energy Recovery reported Q3 2026 revenue of $11.2 million, down 65% year-over-year from $32.0 million, with megaproject revenue down 95%.
Gross margin compressed to 37.5% from 64.2%, and the company swung from $3.7 million in operating income to a $9.8 million loss, which management attributes primarily to lower revenue due to the war in Iran.
Net loss was $6.3 million (diluted EPS -$0.12) with adjusted EBITDA loss of $7.8 million; the company retains $85.6 million in cash and investments.
• 4d ago AI analysis › Press Release ⚠ 1
Energy Recovery Secures Contract to Supply New PX Q650 Energy Recovery Device to Major Saudi Arabia Desalination Plant
Energy Recovery won a contract to supply its new PX Q650 energy recovery devices to a major Saudi Arabia seawater desalination plant that will rank among the world's top 10 largest when complete.
The win follows earlier PX Q650 contracts in Asia and the Middle East this year, indicating rapid adoption since the product's March 2026 launch.
No contract value was disclosed; the deal supports the company's push to open a Saudi manufacturing facility serving the Kingdom and the wider MENA region.
• 1mo ago AI analysis › Press Release
Energy Recovery to Release Third Quarter 2026 Financial Results
Energy Recovery (NASDAQ: ERII) will release its third quarter 2026 financial results on Wednesday, November 4, 2026, after market close.
A live conference call to discuss the results will be held the same day at 2 p.m. PT / 5 p.m. ET, with a replay available through December 4, 2026.
The release contains no financial figures; it is purely a scheduling and webcast logistics announcement.
• 1mo ago AI analysis › Press Release ● Major ⚠ 3
Energy Recovery Reports its Second Quarter 2026 Financial Results
Energy Recovery reported Q2 revenue of $12.0 million, down 57% year-over-year, swinging to a net loss of $3.2 million.
Management attributed the revenue decline primarily to the 'war in Iran,' which significantly impacted its desalination projects.
Despite the top-line miss, gross margin expanded to 74.7% and the company maintains a strong balance sheet with $98.1 million in cash and investments.
• 3mo ago AI analysis › Press Release
Energy Recovery Signs Lease for New Manufacturing Facility Near Dammam, Saudi Arabia
Energy Recovery finalized a lease for a new manufacturing facility near Dammam, Saudi Arabia, marking its first in-Kingdom operation with a targeted operational date of 2027.
The 3,750 square meter facility will handle key manufacturing stages for the proprietary PX Pressure Exchanger, serving customers in the Kingdom and across the MENA region.
This expansion supports Saudi Vision 2030 and aligns with the company's strategy to diversify its manufacturing footprint and serve the world's largest desalination market.
• 3mo ago AI analysis › Press Release
Energy Recovery Technology to Help Deliver Water Security to One Million People Across Saudi Arabia's Mecca, Al-Baha, and Asir Regions
Energy Recovery secured a contract to supply its PX Pressure Exchanger devices for a new flagship seawater reverse osmosis desalination plant in Saudi Arabia, which will serve approximately one million people across the Mecca, Al-Baha, and Asir regions.
The project aligns with Saudi Arabia's Vision 2030 water security goals and builds on the company's existing footprint, where its installed base supports over 11 million cubic meters per day of fresh water production.
Senior Vice President Rodney Clemente emphasized that the contract reflects regional trust in the company's technology, noting that despite shifting timelines, the Kingdom is executing steadily against its water security objectives.
• 3mo ago AI analysis › Press Release
Energy Recovery to Release Second Quarter 2026 Financial Results
Energy Recovery announced it will release its financial results for the second quarter of 2026, ended June 30.
The report is scheduled for Wednesday, August 5, 2026, immediately after the market closes.
Management will host a conference call at 2 p.m. PT to discuss the results, with a webcast replay available until September 5.
• 3mo ago AI analysis › Press Release
John Mitchell Joins Energy Recovery Board of Directors
Energy Recovery appointed John Mitchell to its Board of Directors, bringing over three decades of experience in global industrial and technology businesses.
Mitchell most recently served as Senior Vice President and General Manager of Sensor Solutions at TE Connectivity and previously held senior financial leadership roles at TE Connectivity, JohnsonDiversey, and Tyco Electronics.
The Board expects his background in leading organizations through market transformation to be an asset as Energy Recovery addresses the changing water industry.
• 3mo ago AI analysis › Press Release
Energy Recovery Announces New Wastewater Project Wins Across India
Energy Recovery secured five new wastewater project contracts in India for its PX Pressure Exchanger technology. The orders span water-intensive industries like textile and steel manufacturing, driven by tightening ZLD regulations.
The new projects represent a cumulative capacity of 30,000 cubic meters per day. This increases the total industrial wastewater treatment capacity supported by the company's devices in India to over 230,000 cubic meters per day.
VP David Kim-Hak noted that the shift toward water reuse is pressuring energy economics, driving operators to adopt energy-efficient solutions from the design stage.
• 4mo ago AI analysis › Press Release ⚠ 2
Energy Recovery Announces Appointment of Alex Buehler as Interim President and Chief Executive Officer
Energy Recovery appointed current board member Alex Buehler as Interim President and CEO, effective immediately.
Outgoing CEO David Moon accelerated his previously announced retirement for personal reasons.
The board has engaged a search firm to find a permanent CEO and will evaluate both internal and external candidates.
• 5mo ago AI analysis › Press Release
Energy Recovery to Participate in Upcoming Investor Conference
Energy Recovery, Inc. will participate in the B. Riley Securities 26th Annual Investor Conference.
Interim CFO Aidan Ryan will engage in investor meetings on Thursday, May 21.
The company is a global leader in energy-efficient technology for water and emissions reduction, with operations in California and global sales support.
• 6mo ago AI analysis › Press Release ● Critical ⚠ 4
Energy Recovery Reports its First Quarter 2026 Financial Results and Organizational Updates
Energy Recovery reported Q1 revenue of $9.7 million, up 20% year-over-year, with free cash flow improving to $20.2 million.
However, the company faces significant leadership uncertainty as CEO David Moon announced his retirement and CFO Mike Mancini resigned immediately, with Aidan Ryan stepping in as interim CFO.
The board authorized a new $25 million share repurchase program, bringing total authorizations to $130 million since November 2024, while the company recorded goodwill impairment and restructuring charges related to winding down its CO2 retail grocery business.
• 6mo ago AI analysis › Press Release
SHARC Energy Selected by National Laboratory of the Rockies for Advanced Wastewater Energy Recovery Project
globenewswire.com • 6mo ago Press Release ● Major
Energy Recovery to Release First Quarter 2026 Financial Results
businesswire.com • 6mo ago 1 law-firm class-action alert