Energy Recovery Q1 revenue $32.5M (+12% YoY); net income $0.14 EPS (+17%)

Energy Recovery, Inc.

2022-Q1 EPS reported $0.14 revenue$32,546,000

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.

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