Energy Recovery (ERII) reported a 60% revenue collapse in 2Q26, with Desalination down 80% and significant weakness beyond the Middle East. Unexplained revenue declines in Europe and Asia raise concerns about potential structural or competitive issues beyond the Iran conflict. ERII's balance sheet strength is overstated due to depleted receivables; much of current cash will be needed to rebuild working capital if business recovers.
Energy Recovery, Inc. (ERII) Q2 2026 Earnings Call Transcript
Energy Recovery (ERII) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.07 per share a year ago.
| Energy Equipment & Services Industry | Energy Sector | Alexander J. Buehler CEO | XSTU Exchange | 29270J100 CUSIP |
| US Country | 230 Employees | - Last Dividend | - Last Split | 2 Jun 2008 IPO Date |
Energy Recovery, Inc. stands as a prominent entity devoted to designing, manufacturing, and marketing solutions aimed at enhancing energy efficiency. This corporation, along with its subsidiaries, offers its services across various global regions including the Americas, the Middle East, Africa, Asia, and Europe. It conducts its operations through two main segments: Water and Emerging Technologies. Since its incorporation in 1992, Energy Recovery, Inc. has established its headquarters in San Leandro, California, and has built a reputation for innovating in the field of energy efficiency, focusing especially on the needs of seawater and brackish desalination, and wastewater treatment.
The company’s portfolio is rich with a variety of products and services tailored to meet the demands of energy efficiency in different sectors. Below are some of its key offerings:
The company markets its products under various brands such as ERI, PX, Pressure Exchanger, PX Pressure Exchanger, Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold. Its customer base includes original equipment manufacturers, supermarket chains, cold storage facilities, refrigeration system installers, desalination plant owners, project developers, and various consultants and engineering firms, showcasing its wide reach and versatility in addressing the energy efficiency needs across multiple industries.