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.
Key figures
- Revenue
- 9700000
- Revenue Yoy
- 20%
- Fcf
- 20200000
- Gross margin
- 27.8%
- Cash and investments
- 92142000
AI analysis
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