Energy Recovery authorizes $25M share repurchase; completes $50M prior program

Energy Recovery, Inc.

Board authorized up to $25M share repurchase over next 12 months starting August 2025.
Prior $50M program (Nov 2024) completed Q4 2024: repurchased 3.2M shares at avg $15.39.
$30M program (Feb 2025) nearing completion: repurchased 1.6M shares in H1 2025 at avg $13.87.
Combined prior programs repurchased 4.8M shares at avg $14.90 per share.
CEO cites strong cash generation and confidence in growth strategy.

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