secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001421517-25-000045
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000045/0001421517-25-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000045/erii-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001421517-25-000045

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