Energy Recovery approves $30M share repurchase program over 12 months

Energy Recovery, Inc.

Board authorized up to $30M in share repurchases starting February 2025 over 12 months.
New program follows completion of $50M program in Q4 2024; 3.2M shares repurchased at $15.39 avg.
CEO David Moon cites strong balance sheet, free cash flow, and margin improvement initiatives.
Purchases may be made via open market, block trades, or private transactions at management's discretion.
Company expects to fund repurchases with cash on hand; program may be modified or discontinued anytime.

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