---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-23-000189"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:18:26.481902+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery Q3 revenue $37.0M (beat guidance), up 22% YoY; net income up 102% to $9.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0001421517-23-000189
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2023-11-01T23:59:59+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/1421517/000142151723000189/0001421517-23-000189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/erii-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-23-000189
- JSON: https://secwatch.observer/filing/0001421517-23-000189.json
- Plain text: https://secwatch.observer/filing/0001421517-23-000189.txt

## Key facts
- Earnings Releases
  Energy Recovery, Inc. updated its nine months ended September 30, 2023 guidance (reaffirmed).
  - Period: nine months ended September 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On November 1, 2023, Energy Recovery, Inc. issued an earnings press release announcing its financial results for the third quarter and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/0001421517-23-000189-index.htm
- Earnings Releases
  Energy Recovery, Inc. reported third quarter ended September 30, 2023 results: revenue $37.0 million, net income $9.7 million, EPS $0.17.
  - Period: third quarter ended September 30, 2023
  - Revenue: $37.0 million
  - Net income: $9.7 million
  - EPS: $0.17
  - Result: reported results
  source text: (“Energy Recovery” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2023. Third Quarter Highlights • Revenue of $37.0 million, exceeding the upper end of our guidance which was attributed to an increase in megaproject revenues. • Gross margin of 69.9%, higher than our estimates due to a change in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/0001421517-23-000189-index.htm

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