Energy Recovery authorizes $50M share repurchase program over 12 months

Energy Recovery, Inc.

Board authorized up to $50M of common stock repurchases over the next 12 months starting November 2024.
Repurchases may be executed via open market, block trades, or privately negotiated transactions.
Program funded by cash on hand; management discretion on timing and amounts.
CEO David Moon cites completed strategic plan and ability to return capital while funding growth.
Program may be expanded, extended, modified, or discontinued at any time without notice.

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