secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001421517-22-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151722000067/0001421517-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151722000067/erii-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001421517-22-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer