secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001421517-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000045/0001421517-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000045/erii-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001421517-23-000045

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