---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-23-000045"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:33:07.424321+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery reports record Q4 revenue $42.3M; FY2022 EPS up 75% to $0.42

## Summary
- 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.

## SEC filing metadata
- accession: 0001421517-23-000045
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000045/0001421517-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000045/erii-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-23-000045
- JSON: https://secwatch.observer/filing/0001421517-23-000045.json
- Plain text: https://secwatch.observer/filing/0001421517-23-000045.txt

## Key facts
- Earnings Releases
  Energy Recovery, Inc. reported the year ended December 31, 2022 results: revenue $125.6, net income $24.0, EPS $0.42.
  - Period: the year ended December 31, 2022
  - Revenue: $125.6
  - Net income: $24.0
  - EPS: $0.42
  - Result: reported results
  source text: Revenue $42.3 $33.6 up 26% $125.6 $103.9 up 21% Gross margin 70.7% 68.9% up 180 bps 69.6% 68.6% up 100 bps Operating margin 34.5% 17.8% up 1670 bps 19.8% 13.3% up 650 bps Net income $13.7 $5.3 up 161% $24.0 $14.3 up 69% Net income per share $0.24 $0.09 up 167% $0.42 $0.24 up 75%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000045/0001421517-23-000045-index.htm
- Earnings Releases
  Energy Recovery, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $42.3, net income $13.7, EPS $0.24.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $42.3
  - Net income: $13.7
  - EPS: $0.24
  - Result: reported results
  source text: Revenue $42.3 $33.6 up 26% $125.6 $103.9 up 21% Gross margin 70.7% 68.9% up 180 bps 69.6% 68.6% up 100 bps Operating margin 34.5% 17.8% up 1670 bps 19.8% 13.3% up 650 bps Net income $13.7 $5.3 up 161% $24.0 $14.3 up 69% Net income per share $0.24 $0.09 up 167% $0.42 $0.24 up 75%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000045/0001421517-23-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.