{"filings":[{"id":1610877,"accession_number":"0001421517-26-000069","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2026-07-13T20:32:37+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints John Mitchell to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John Mitchell appointed to the Board on July 9, 2026, expanding board to six directors.","Mitchell brings 30+ years of global leadership from TE Connectivity and other tech firms.","He will receive standard non-employee director compensation, pro-rated for service.","No arrangements or family relationships with officers or directors reported."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":999963,"accession_number":"0001421517-26-000061","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K/A","filed_at":"2026-06-11T20:05:35+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery discloses compensation for Interim CEO Alex Buehler: $645K salary, $150K bonus","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Annual salary of $645,000 for Interim CEO Alex Buehler, effective May 26, 2026.","One-time success bonus of $150,000 payable 30 days after permanent CEO starts, conditional on continued service.","Standard benefits include DTO, medical/dental/vision, and insurance.","Employment is at-will; offer contingent on background check and I-9 verification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":899661,"accession_number":"0001421517-26-000058","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2026-06-05T21:35:57+00:00","items":["5.07"],"status":"ready","headline":"Annual meeting passes; incentive plan approved with tight 53.5% vote; CEO vacancy remains","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All four proposals passed at June 4, 2026 annual meeting with 85.3% quorum.","Amendment to 2020 Incentive Plan approved with 53.5% for, 44.9% against – unusually close.","Say-on-pay approved 83.3%; auditor Deloitte ratified 99.3%.","All five director nominees elected; votes ranged from 84.5% to 95.2% support.","CEO David Moon resigned May 26, 2026; board has one vacancy not filled at meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.15,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":721797,"accession_number":"0001421517-26-000050","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2026-05-28T20:05:45+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery CEO David Moon accelerates retirement; Alex Buehler named interim CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Moon resigned as President, CEO and board member effective May 26, 2026 for personal reasons; no disagreement with management.","Board member Alex Buehler appointed Interim President and CEO; Buehler was Energy Recovery CFO (2011-2014) and board member since 2015.","Buehler steps down from Audit and Compensation Committees; Arve Hanstveit named new Audit Committee Chair.","Board has engaged a leading executive search firm to conduct a permanent CEO search, evaluating internal and external candidates.","Buehler's interim compensation has not yet been determined; amendment to 8-K will disclose terms when set."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92764,"accession_number":"0001421517-26-000040","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["2.02","5.02","8.01","9.01"],"status":"ready","headline":"Energy Recovery reports Q1 2026 results, CEO David Moon to retire, CFO resigns, board authorizes $25M share repurchase","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Revenue increased 20% to $9.7M in Q1 2026 from $8.1M in Q1 2025; net loss was $12.3M.","CEO David Moon announced intention to retire after successor appointed; search underway.","CFO Mike Mancini resigned effective May 6, 2026; Aidan Ryan appointed Interim CFO.","Board authorized new $25M share repurchase program over next 12 months, adding to $130M total announced since Nov 2024.","Gross margin fell to 27.8% from 55.3% due to restructuring charges and higher costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103869,"accession_number":"0001421517-26-000021","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["2.02","2.05","2.06","9.01"],"status":"ready","headline":"ERII Q4: net income $26.9M (+15% YoY); operating margin 46.8%; winds down CO2 grocery segment","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $66.9M (down $0.2M YoY); gross margin 67.2% (down 300 bps); operating margin 46.8% (up 860 bps).","Net income $26.9M, diluted EPS $0.50, up from $0.41 YoY; adjusted EBITDA $33.6M.","Full-year 2025 revenue $135.0M (down 7%); net income $23.0M flat; cash/investments $83.3M.","Company winds down CO2 retail grocery business within Emerging Technologies; expects $4.5-5.5M one-time costs, including $1-2M cash severance, substantially complete by Q1 2026.","Exit driven by long adoption timeline and capital allocation criteria; non-cash items include inventory reserve and goodwill impairment."],"consensus_eps_estimate":null,"consensus_eps_actual":0.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":134987000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120143,"accession_number":"0001421517-25-000133","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q3 revenue down 17% to $32M; net income falls 54% to $3.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $32.0M, down from $38.6M YoY, due to timing of contracted projects.","Gross margin 64.2%, down 90 bps from 65.1% due to product mix and tariffs.","Net income $3.9M ($0.07 EPS) vs $8.5M ($0.15 EPS) in Q3'2024, down 54%.","Adjusted EBITDA $6.8M, down from $11.6M YoY.","Operating expenses down 6.4% to $16.9M; cash and investments $79.9M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":68116000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136714,"accession_number":"0001421517-25-000117","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Energy Recovery authorizes $25M share repurchase; completes $50M prior program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $25M share repurchase over next 12 months starting August 2025.","Prior $50M program (Nov 2024) completed Q4 2024: repurchased 3.2M shares at avg $15.39.","$30M program (Feb 2025) nearing completion: repurchased 1.6M shares in H1 2025 at avg $13.87.","Combined prior programs repurchased 4.8M shares at avg $14.90 per share.","CEO cites strong cash generation and confidence in growth strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136713,"accession_number":"0001421517-25-000116","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery reports Q2 net income of $2.1M; revenue up 3% YoY to $28.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $28.1M (+3% YoY); net income $2.1M vs loss $0.6M in Q2 2024; EPS $0.04.","Gross margin 64.0% (down 60 bps); operating income $1.5M (+173% YoY) driven by higher revenue and lower opex.","Adjusted EBITDA $4.4M; adjusted EPS $0.07 (down from $0.09 YoY); management says results in-line with internal expectations.","Cash & investments $93.7M; six-month net loss $7.8M improved from $8.9M loss.","Operating expenses down 15.8% YoY due to lower employee and consulting costs."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":36116000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153934,"accession_number":"0001421517-25-000100","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-06-11T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Energy Recovery announces 2025 annual meeting voting results; all proposals approved","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected six directors with majority support: Buehler 95.5%, Chow 95.1%, Hanstveit 86.5%, Moon 98.8%, Sabol 96.6%, Tondreau 94.0%.","Non-binding advisory vote on 2024 executive compensation approved with 86.1% for, 11.2% against.","Ratification of Deloitte & Touche as auditor for FY2025 approved with 98.8% for.","Meeting quorum of 84.2% representing 46,079,523 shares of 54,756,113 outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153933,"accession_number":"0001421517-25-000076","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q1 revenue falls 33% to $8.1M; net loss widens to $9.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $8.1M, down 33% YoY from $12.1M, driven by timing of contracted projects.","Gross margin 55.3%, down 370 bps from 59.0% due to lower revenue spread over fixed costs.","Net loss $9.9M ($0.18 per share) vs. $8.3M loss in Q1'24; operating loss $12.6M.","Adjusted EBITDA loss $8.7M; cash and investments $106.7M.","Operating expenses down 5.8% to $17.0M; includes $0.5M restructuring and $0.4M impairment."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":8065000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172583,"accession_number":"0001421517-25-000047","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q4 revenue $67.1M (+17% YoY); net income $23.5M; margin expands","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2024 revenue of $67.1M, up 17% YoY; full-year revenue $144.9M at midpoint of guidance.","GAAP net income $23.5M ($0.41 per share); adjusted net income $28.3M ($0.50 per share).","Gross margin improved to 70.2% (+110 bps YoY) due to manufacturing transformation benefits.","Operating expenses $21.5M, including $2.5M restructuring costs from workforce reduction and exec transition.","Cash and investments $99.9M; management to provide 2025 outlook in shareholder letter."],"consensus_eps_estimate":null,"consensus_eps_actual":0.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":144948000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172582,"accession_number":"0001421517-25-000046","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints Ram Ramanan as CTO; Farshad Ghasripoor to retire","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dr. Ram Ramanan becomes CTO effective March 3, 2025, succeeding retiring Dr. Farshad Ghasripoor.","Dr. Ghasripoor retires March 14, 2025, will serve as executive advisor through October 2025.","Ramanan receives $350K salary, up to 60% bonus, and equity awards totaling $1M (option, RSU, PSU).","David Kim-Hak promoted to VP, Wastewater, a new role to accelerate wastewater revenue growth.","Ramanan brings 30+ years of engineering leadership from Bloom Energy and Rondo Energy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172581,"accession_number":"0001421517-25-000045","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Energy Recovery approves $30M share repurchase program over 12 months","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $30M in share repurchases starting February 2025 over 12 months.","New program follows completion of $50M program in Q4 2024; 3.2M shares repurchased at $15.39 avg.","CEO David Moon cites strong balance sheet, free cash flow, and margin improvement initiatives.","Purchases may be made via open market, block trades, or private transactions at management's discretion.","Company expects to fund repurchases with cash on hand; program may be modified or discontinued anytime."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189575,"accession_number":"0001421517-24-000203","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-11-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Energy Recovery authorizes $50M share repurchase program over 12 months","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $50M of common stock repurchases over the next 12 months starting November 2024.","Repurchases may be executed via open market, block trades, or privately negotiated transactions.","Program funded by cash on hand; management discretion on timing and amounts.","CEO David Moon cites completed strategic plan and ability to return capital while funding growth.","Program may be expanded, extended, modified, or discontinued at any time without notice."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189574,"accession_number":"0001421517-24-000190","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q3 revenue $38.6M (upper end of $35-39M guide); net income $8.5M, down 12% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $38.6M, up 4% YoY, at top of $35-39M guidance range.","Gross margin 65.1%, down 480bps due to higher manufacturing and product mix costs.","Net income $8.5M ($0.15/share) vs $9.7M ($0.17) in Q3'23; adjusted EBITDA $11.6M.","Cash and investments $139.9M; operating cash flow ($3.0M) vs $7.7M year ago.","CEO to host Nov 18 webinar detailing five-year strategic plan for desalination, wastewater, CO2 refrigeration."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":77873000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206079,"accession_number":"0001421517-24-000170","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery beats Q2 revenue guidance; reports $27.2M revenue, up 31% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $27.2M exceeded guidance of $20-25M; up 31% YoY from $20.7M.","Gross margin 64.6% down 80 bps YoY; operating expenses up 21.4% to $19.6M.","Net loss improved to $0.6M from $1.7M; adjusted EBITDA $5.2M.","Full-year revenue guidance reaffirmed at $140-150M; nine PX G1300 deployments commissioned.","Cash and investments $138M; free cash flow $7.9M in Q2."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.16,"consensus_revenue_estimate":null,"consensus_revenue_actual":39289000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206078,"accession_number":"0001421517-24-000167","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-07-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints Michael Mancini as CFO effective August 5, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael Mancini, age 43, joins as CFO; previously CFO of Astranis Space Technologies.","Base salary of $400,000; stock option grant with $1.5M fair value vesting over 4 years.","Mancini also served as CFO at Aerion Supersonic and held private equity/hedge fund roles.","He holds a bachelor's in finance and economics from Boston College; will be Bay Area-based."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206077,"accession_number":"0001421517-24-000144","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-07-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints Brandon Young as interim Chief Accounting Officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brandon Young, 51, appointed interim CAO effective July 10, 2024.","Young previously served as VP, Corporate Controller since May 2022.","Granted restricted stock units valued at $20,000 in connection with appointment.","Young joined Energy Recovery in 2012; prior experience at McKesson and E&Y."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206076,"accession_number":"0001421517-24-000140","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-07-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CFO Joshua Ballard to resign effective June 30; receives $400K severance and extended option exercise","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ballard resigns as CFO effective June 30, 2024; no disagreement with management cited.","Company to pay Ballard $400,000 lump sum severance, subject to tax deductions.","Ballard may exercise vested options through June 30, 2026 (two-year extension).","Severance conditioned on release of claims, return of property, and non-disparagement.","No replacement CFO announced; Ballard agreed to cooperate with transition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223109,"accession_number":"0001421517-24-000122","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Energy Recovery annual meeting: directors elected, say-on-pay approved, auditor ratified","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected: Buehler 95.4%, Chow 96.9%, Hanstveit 84.2%, Moon 99.6%, Sabol 98.5%, Tondreau 87.3%.","Non-binding advisory vote on exec compensation approved with 89.3% support (10.4% against).","Ratification of Deloitte & Touche as auditor approved with 98.7% of votes cast.","Quorum of 86.6% of outstanding shares represented at the meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223108,"accession_number":"0001421517-24-000092","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery reports Q1 2024 revenue of $12.1M, net loss of $8.3M, reaffirms full-year guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $12.1 million in line with February 2024 guidance of $10-13 million.","Gross margin 59.0%, down 190 bps from Q1 2023 due to higher manufacturing costs and inventory scrap.","Net loss of $8.3 million compared to $6.3 million loss in Q1 2023; adjusted EBITDA loss of $6.2 million.","Signed contracts with potential revenue equal to 60% of 2024 guidance midpoint, up 26% over same period in 2023.","CO2 business completed a 30-day field test of next-generation PX G1300 in Europe and testing with partner Vallarta in California."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":12090000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223107,"accession_number":"0001421517-24-000080","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-04-22T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Energy Recovery board member Robert Yu Lang Mao to step down at 2024 annual meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mao's resignation accepted by Board effective end of his term at 2024 Annual Meeting.","Mao decided not to seek re-election; no disagreement with Company cited.","No replacement named; term ends at upcoming shareholder meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242608,"accession_number":"0001421517-24-000057","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery CFO Joshua Ballard to resign June 30, 2024; search underway","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Joshua Ballard announced resignation as CFO effective June 30, 2024, citing desire for new challenges.","Company has engaged executive search firm Korn Ferry to identify next CFO.","Ballard joined Energy Recovery in 2018 and led finance through consecutive revenue and profit growth.","Resignation did not result from any disagreement with management or the Board; transition expected to be orderly."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242607,"accession_number":"0001421517-24-000054","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery reports record FY 2023 revenue $128.3M, Q4 revenue up 35% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record annual revenue $128.3M, up 2% YoY; record Q4 revenue $57.2M, up 35% YoY.","Wastewater revenue grew 79% YoY; PX Q400 expected to reach 50% of megaproject sales.","FY 2023 GAAP net income $21.5M ($0.37/share), down 11% from $24.0M; Q4 net income $19.8M up 44%.","Adjusted EBITDA for FY 2023 $31.2M, down from $36.8M; operating cash flow doubled to $26.1M.","Water revenue missed guidance due to single project delayed into 2024; FY gross margin 67.8% within expectations."],"consensus_eps_estimate":null,"consensus_eps_actual":0.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":128349000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242605,"accession_number":"0001421517-24-000019","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K/A","filed_at":"2024-01-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery finalizes CEO David Moon's compensation: $570K salary, bonus up to 150%","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Annual base salary $570,000; eligible for annual bonus 0-150% of salary based on performance goals.","Eligible for equity awards (options, RSUs, PSUs) under 2016 Incentive Plan, subject to Board/Committee approval.","Named participant in Company's Change in Control Plan and Severance Plan.","One-time relocation allowance of $100,000 plus tax gross-up for move from Texas to California.","Employment effective Jan 16, 2024; remains at-will."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242606,"accession_number":"0001421517-24-000005","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2024-01-22T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints David Moon as President and CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Moon named President and CEO effective January 16, 2024; previously interim since October 2023.","Moon will continue on Board; compensation not yet set (to be determined by Compensation Committee).","Over 25 years leadership in commercial/industrial tech; former President of Carrier Commercial Refrigeration.","Board Chair cites comprehensive search; Moon is right leader to drive growth and commercialize PX platform.","Moon intends to focus on growth in CO2 refrigeration and wastewater treatment applications."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":259989,"accession_number":"0001421517-23-000189","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q3 revenue $37.0M (beat guidance), up 22% YoY; net income up 102% to $9.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $37.0M, beat upper end of guidance, up 22% YoY; gross margin 69.9% (up 80 bps).","Net income $9.7M (+102% YoY); adjusted EBITDA $12.0M; cash/investments $105.9M.","CO2 business: multiple new PX G1300 installations planned in Q4; repeat orders; advanced talks with supermarket chains.","Awarded Refrigeration Innovation of the Year for XTE with partner Epta.","Management sees growth in desalination and potential to double wastewater revenue in 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":71160000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":259988,"accession_number":"0001421517-23-000176","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-10-27T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery awards 21,762 RSU retention bonuses each to CTO and SVP Water, vesting in 1 year","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Compensation Committee approved one-time equity retention bonuses of 21,762 RSUs each to CTO Farshad Ghasripoor and SVP Water Rodney Clemente.","RSUs granted on October 24, 2023; 100% vest on first anniversary of grant date.","Retention bonuses contingent on continued full-time employment and best efforts.","Grants made under the 2020 Incentive Plan; RSUs settled in shares upon vesting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":259987,"accession_number":"0001421517-23-000162","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-10-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints David Moon as interim CEO; Bob Mao steps down","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Moon, a current Board member, appointed Interim President and CEO effective October 23, 2023.","Bob Mao departed as President and CEO but remains on the Board; Pamela Tondreau elected Chairperson.","Moon will receive $550k base salary plus ~$280k one-time equity award, pro-rated for service duration.","Moon previously led Carrier Commercial Refrigeration and Heatcraft Worldwide Refrigeration.","Comprehensive search for permanent CEO underway with executive search firm."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":259986,"accession_number":"0001421517-23-000160","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-10-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints David Moon and Colin Sabol to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Moon, former President of Carrier Commercial Refrigeration, joins Board.","Colin Sabol, former President of Xylem Measurement & Control Solutions, joins Board.","Board expands to 7 members; Moon on Audit and Nominating; Sabol on Compensation and Nominating.","Compensation and indemnification same as other non-employee directors, pro-rated."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277262,"accession_number":"0001421517-23-000147","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q2 rev $20.7M, net loss $1.7M; reaffirms FY2023 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $20.7M (up 2% YoY) within lower end of guidance; $5.7M megaproject shipment delayed to Q3.","Gross margin 65.4% at upper end of 64%-66% guidance range.","Loss from operations $2.6M; net loss $1.7M ($0.03 loss per share).","Adjusted EBITDA $0.2M; cash and investments $97.5M.","Company affirms full-year 2023 revenue guidance; desalination and wastewater on track."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":34124000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295153,"accession_number":"0001421517-23-000106","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-06-12T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Energy Recovery shareholders elect all directors, approve proposals at 2023 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Five directors elected with 91.9% to 99.2% of votes cast in favor (broker non-votes excluded).","Advisory vote on executive compensation passed: 89.4% for, 5.4% against, 5.2% abstain.","Ratification of Deloitte & Touche as auditor approved with 99.4% of votes for.","Shareholders selected annual frequency for say-on-pay (98.1%); company will hold annual votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295152,"accession_number":"0001421517-23-000081","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q1 revenue $13.4M (-59% YoY); net loss $6.3M vs profit $7.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $13.4M (-59% YoY); gross margin 60.9% vs 70.8% (down 990 bps).","Operating loss $8.1M (margin -60.5%) vs prior-year income $8.2M; net loss $6.3M ($0.11 EPS) vs net income $7.9M ($0.14 EPS).","Adjusted EBITDA negative $4.8M vs positive $11.1M; operating cash flow $8.7M vs ($1.6M).","Desalination full-year growth guided 3-7%, revenue weighted to H2; CO2 refrigeration revenue >$100k in Q1."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":13401000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295151,"accession_number":"0001421517-23-000065","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-04-24T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Energy Recovery board members Sherif Foda and Lisa Pollina to depart at 2023 Annual Meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board accepted resignations of Sherif Foda and Lisa Pollina, effective at 2023 Annual Meeting.","Both directors decided not to seek re-election; no disagreement with the Company.","Their departure will reduce board size from eight to six members."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":315725,"accession_number":"0001421517-23-000045","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2023-02-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery reports record Q4 revenue $42.3M; FY2022 EPS up 75% to $0.42","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $42.3M (record), up 26% YoY; FY revenue $125.6M, up 21% YoY.","FY net income $24.0M (+69%); GAAP EPS $0.42 (+75%); adjusted EPS $0.54 (+74%).","FY adjusted EBITDA $36.8M (+50%); gross margin 69.6% (+100 bps).","Core desalination business drove growth; industrial wastewater exceeded 2022 guidance by ~30%.","CO2 refrigeration PX G1300 received repeat orders; discussions for regional distribution agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":0.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":125591000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":334072,"accession_number":"0001421517-22-000149","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2022-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q3 revenue $30.5M (+47% YoY); net income $4.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $30.5M, up 47% YoY; gross margin 69.1% vs 70.6% prior year.","Net income $4.8M ($0.08 EPS) vs $1.1M ($0.02); adjusted EPS $0.12.","Adjusted EBITDA $7.7M, up 109% YoY.","FY 2022 revenue guidance $121-$125M (16-20% growth).","Installed PX G1300 at Vallarta Supermarkets; shipping units for refrigeration."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":83300000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351484,"accession_number":"0001421517-22-000120","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q2 revenue $20.3M, net loss $2.4M; reaffirms FY revenue $130M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $20.3M, down 2% YoY; net loss per share $0.04 vs. income $0.02 in Q2 2021.","Adjusted EBITDA $1.0M, down 64% YoY; operating loss $2.9M includes $1.3M VorTeq cessation expenses.","Full year revenue guidance reaffirmed at $130M (25% YoY growth); gross margin expectations unchanged.","First PX G1300 commissioned for CO2 refrigeration in southern Europe; second JDA signed with U.S. rack manufacturer.","Share repurchases of $18.6M (1.0M shares) completed July 1; cash & investments $86.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":52838000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368856,"accession_number":"0001421517-22-000090","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2022-06-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Energy Recovery shareholders elect all five director nominees and approve say-on-pay at 2022 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All five director nominees elected: Joan Chow (98.1% for), Lisa Pollina (98.8%), Sherif Foda (99.1%), Arve Hanstveit (90.2%), Pamela Tondreau (97.8%).","Non-binding advisory vote on executive compensation approved with 86.4% of votes cast in favor.","Ratification of Deloitte & Touche as auditor for FY2022 approved with 100% of votes cast."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368855,"accession_number":"0001421517-22-000067","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2022-05-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q1 revenue $32.5M (+12% YoY); net income $0.14 EPS (+17%)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $32.5M (+12% YoY); operating income $8.2M (+34%); net income $7.9M ($0.14 EPS).","Adjusted operating income $10.1M (+25%); adjusted EPS $0.16 (+23%).","Record Q1 revenue; FY 2022 revenue guidance reaffirmed at up to $130M.","Share repurchases $8.1M (0.4M shares) in Q1; cumulative $31.4M under March 2021 authorization.","Preparing CO2 refrigeration rack installation with PX G1300 for Vallarta Supermarkets in CA."],"consensus_eps_estimate":null,"consensus_eps_actual":0.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":32546000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":388102,"accession_number":"0001421517-22-000042","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2022-03-09T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Energy Recovery board member Olav Fjell to retire at 2022 annual meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Olav Fjell notified board on March 7, 2022 of his plan to retire at the end of his term at the 2022 Annual Meeting.","Retirement is not due to any disagreement with the company, according to the filing.","No replacement has been announced for the upcoming board vacancy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":388101,"accession_number":"0001421517-22-000036","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2022-02-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery posts record Q4 product revenue of $33.6M, up 27% YoY; FY product revenue $103.9M (+13%)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 diluted EPS $0.09 vs $0.06 YoY; FY diluted EPS $0.24 vs $0.47 (prior year included $26.9M license revenue).","FY product gross margin 68.6%; operating expenses fell to 55% of product revenue from prior year.","Signed new $50M credit agreement with JPMorgan Chase to fund growth and emerging market expansion.","Announced first Ultra PX contracts for Chinese lithium-ion battery wastewater treatment and PX G1300 for U.S. supermarket CO2 refrigeration.","Megaproject channel revenue grew 28% in Q4 and 13% for the year; aftermarket up 15% YoY."],"consensus_eps_estimate":null,"consensus_eps_actual":0.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":103904000.0,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":388100,"accession_number":"0001421517-22-000005","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2022-01-06T23:59:59+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"Energy Recovery enters $50M revolving credit facility with JPMorgan, replaces prior Citibank line","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$50M revolving credit facility; matures Dec 21, 2026; secured by substantially all assets.","Replaces existing Jan 2017 Citibank loan and pledge agreement.","Interest: base rate + 0.25-0.50% or LIBOR + 1.25-1.50%, based on leverage ratio.","$25M sublimit for letters of credit; custom affirmative/negative covenants included."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":406036,"accession_number":"0001421517-21-000151","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2021-12-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints Joan K. 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Chow appointed to Energy Recovery's Board as a Class III director on December 17, 2021.","The Board now consists of 8 directors; Chow will receive standard pro-rated non-employee director compensation.","Chow brings marketing and retail expertise; former CMO of ConAgra Foods and Greater Chicago Food Depository.","No arrangements, family relationships, or reportable transactions between Chow and the company.","Chow also serves on boards of Welbilt, High Liner Foods, and Spectrum Brands."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":406035,"accession_number":"0001421517-21-000139","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2021-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q3 product revenue down 24% YoY, EPS $0.02, signs PX G1300 deal","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Product revenue $20.8M (-24% YoY); net income $1.1M ($0.02 diluted EPS) vs $5.4M ($0.10) in Q3 2020.","Megaproject channel -36%; OEM +19%, aftermarket +2%; received sixth industrial wastewater order.","Agreement to deploy PX G1300 in Vallarta Supermarkets California; LOI with European grocery chain.","Cash & investments $108.4M; mgmt expects Q4 to be a historic revenue quarter despite supply chain."],"consensus_eps_estimate":null,"consensus_eps_actual":0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":70328000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":425050,"accession_number":"0001421517-21-000122","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2021-09-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Energy Recovery appoints Lisa Pollina to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Appointed as Class I director effective September 16, 2021; board expands to 7 members.","Pollina brings expertise from Ares Management (private equity advisory) and as former Vice Chair of RBC Capital Markets.","Previously appointed to Federal Reserve's Working Group on Financial Markets; named among 'Top 25 Most Powerful Women in Finance'.","No reportable transactions or family relationships with existing officers or directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":425049,"accession_number":"0001421517-21-000107","cik":1421517,"company_name":"Energy Recovery, Inc.","ticker":"ERII","form_type":"8-K","filed_at":"2021-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Energy Recovery Q2 product revenue up 7% to $20.6M; net income $1.1M vs $16.9M year-ago on VorTeq termination","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Product revenue $20.6M (+7% YoY); total revenue $20.6M (-53%) due to prior-year VorTeq license termination.","Net income $1.1M ($0.02 diluted EPS) vs $16.9M ($0.30) which included $17.2M VorTeq-related gain.","Product gross margin 65.1% vs 66.0% YoY; operating cash flow $11.5M.","Cash and investments $120.7M, up 25% YoY; $12M in share buybacks during H1 2021.","Desalination growth driven by megaproject and OEM channels; testing PX G1300 for CO2 refrigeration."],"consensus_eps_estimate":null,"consensus_eps_actual":0.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":49547000.0,"consensus_period":"2021-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":442258325.06682026,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}