Energy Recovery, Inc. (ERII) Q4 2024 Earnings Call Transcript
Energy Recovery, Inc. (NASDAQ:ERII ) Q4 2024 Earnings Call February 26, 2025 5:00 PM ET Company Participants David Moon - President and Chief Executive Officer Mike Mancini - Chief Financial Officer Conference Call Participants Jeffrey Campbell - Seaport Research Partners Ryan Pfingst - B. Riley Securities Operator Good day, ladies and gentlemen and welcome to Energy Recovery's Fourth Quarter and Full Year 2024 Earnings Call.
Energy Recovery (ERII) Q4 Earnings Surpass Estimates
Energy Recovery (ERII) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.39 per share a year ago.
Energy Recovery: Riding Megatrends With Lowered Ambitions
Energy Recovery leverages population growth, water scarcity, and environmental protection trends, with a strong market position in desalination and emerging opportunities in CO2 refrigeration and wastewater treatment. Despite past overpromises, Energy Recovery's new leadership aims to execute revised targets, focusing on market penetration and product iterations to drive growth. The company boasts a strong balance sheet, with over $100 million in net cash and a significant share repurchase program, enabling growth investments.
Energy Recovery Delivered In Q3 But Faces A Challenging Q4, Still A Hold
Energy Recovery reported Q3 2024 results with much better performance in delivering products to their mega-projects and recording revenues. Still, about 50% of yearly revenue has to be delivered in Q4, leaving significant guidance-miss risk, which should not affect overall business profitability anyway. The company issued a white paper with positive data on the refrigeration technology, although it is still early to determine its value.
Energy Recovery, Inc. (ERII) Q3 2024 Earnings Call Transcript
Energy Recovery, Inc. (NASDAQ:ERII ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Lionel McBee - Director, Investor Relations David Moon - President and Chief Executive Officer, Director Michael Mancini - Chief Financial Officer Conference Call Participants Ryan Pfingst - B. Riley Securities Pavel Molchanov - Raymond James Jason Bandel - Evercore ISI Jeffrey Campbell - Seaport Research Partners Operator Good day, ladies and gentlemen, and welcome to the Energy Recovery Third Quarter Earnings Call.
Energy Recovery (ERII) Q3 Earnings and Revenues Surpass Estimates
Energy Recovery (ERII) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.20 per share a year ago.
Energy Recovery, Inc. (ERII) Q2 2024 Earnings Call Transcript
Energy Recovery, Inc. (NASDAQ:ERII ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants James Siccardi - VP, Investor Relations David Moon - President & CEO Conference Call Participants Pavel Molchanov - Raymond James Ryan Pfingst - B. Riley Securities Jason Bandel - Evercore ISI Operator Greetings, and welcome to the Energy Recovery 2Q '24 Earnings Call.
Energy Recovery (ERII) Q2 Earnings and Revenues Top Estimates
Energy Recovery (ERII) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to break-even earnings per share a year ago.
