Highest-materiality recent filing
Energy Recovery appoints John Mitchell to Board of Directors
John Mitchell appointed to the Board on July 9, 2026, expanding board to six directors.
Energy Recovery discloses compensation for Interim CEO Alex Buehler: $645K salary, $150K bonus
Annual salary of $645,000 for Interim CEO Alex Buehler, effective May 26, 2026.
Annual meeting passes; incentive plan approved with tight 53.5% vote; CEO vacancy remains
All four proposals passed at June 4, 2026 annual meeting with 85.3% quorum.
Energy Recovery CEO David Moon accelerates retirement; Alex Buehler named interim CEO
David Moon resigned as President, CEO and board member effective May 26, 2026 for personal reasons; no disagreement with management.
Revenue increased 20% to $9.7M in Q1 2026 from $8.1M in Q1 2025; net loss was $12.3M.
ERII Q4: net income $26.9M (+15% YoY); operating margin 46.8%; winds down CO2 grocery segment
Revenue $66.9M (down $0.2M YoY); gross margin 67.2% (down 300 bps); operating margin 46.8% (up 860 bps).
Energy Recovery Q3 revenue down 17% to $32M; net income falls 54% to $3.9M
Revenue $32.0M, down from $38.6M YoY, due to timing of contracted projects.
Energy Recovery reports Q2 net income of $2.1M; revenue up 3% YoY to $28.1M
Q2 revenue $28.1M (+3% YoY); net income $2.1M vs loss $0.6M in Q2 2024; EPS $0.04.
Energy Recovery authorizes $25M share repurchase; completes $50M prior program
Board authorized up to $25M share repurchase over next 12 months starting August 2025.
Energy Recovery announces 2025 annual meeting voting results; all proposals approved
Elected six directors with majority support: Buehler 95.5%, Chow 95.1%, Hanstveit 86.5%, Moon 98.8%, Sabol 96.6%, Tondreau 94.0%.
Energy Recovery Q1 revenue falls 33% to $8.1M; net loss widens to $9.9M
Revenue $8.1M, down 33% YoY from $12.1M, driven by timing of contracted projects.
Energy Recovery approves $30M share repurchase program over 12 months
Board authorized up to $30M in share repurchases starting February 2025 over 12 months.
Energy Recovery appoints Ram Ramanan as CTO; Farshad Ghasripoor to retire
Dr. Ram Ramanan becomes CTO effective March 3, 2025, succeeding retiring Dr. Farshad Ghasripoor.
Energy Recovery Q4 revenue $67.1M (+17% YoY); net income $23.5M; margin expands
Q4 2024 revenue of $67.1M, up 17% YoY; full-year revenue $144.9M at midpoint of guidance.
Energy Recovery authorizes $50M share repurchase program over 12 months
Board authorized up to $50M of common stock repurchases over the next 12 months starting November 2024.
Energy Recovery Q3 revenue $38.6M (upper end of $35-39M guide); net income $8.5M, down 12% YoY
Revenue of $38.6M, up 4% YoY, at top of $35-39M guidance range.
Energy Recovery appoints Michael Mancini as CFO effective August 5, 2024
Michael Mancini, age 43, joins as CFO; previously CFO of Astranis Space Technologies.
Energy Recovery beats Q2 revenue guidance; reports $27.2M revenue, up 31% YoY
Revenue of $27.2M exceeded guidance of $20-25M; up 31% YoY from $20.7M.
Energy Recovery appoints Brandon Young as interim Chief Accounting Officer
Brandon Young, 51, appointed interim CAO effective July 10, 2024.
Ballard resigns as CFO effective June 30, 2024; no disagreement with management cited.
Energy Recovery annual meeting: directors elected, say-on-pay approved, auditor ratified
All six director nominees elected: Buehler 95.4%, Chow 96.9%, Hanstveit 84.2%, Moon 99.6%, Sabol 98.5%, Tondreau 87.3%.
Energy Recovery reports Q1 2024 revenue of $12.1M, net loss of $8.3M, reaffirms full-year guidance
Revenue of $12.1 million in line with February 2024 guidance of $10-13 million.
Energy Recovery board member Robert Yu Lang Mao to step down at 2024 annual meeting
Mao's resignation accepted by Board effective end of his term at 2024 Annual Meeting.
Energy Recovery reports record FY 2023 revenue $128.3M, Q4 revenue up 35% YoY
Record annual revenue $128.3M, up 2% YoY; record Q4 revenue $57.2M, up 35% YoY.
Energy Recovery CFO Joshua Ballard to resign June 30, 2024; search underway
Joshua Ballard announced resignation as CFO effective June 30, 2024, citing desire for new challenges.
Energy Recovery finalizes CEO David Moon's compensation: $570K salary, bonus up to 150%
Annual base salary $570,000; eligible for annual bonus 0-150% of salary based on performance goals.
Energy Recovery appoints David Moon as President and CEO
David Moon named President and CEO effective January 16, 2024; previously interim since October 2023.
Energy Recovery Q3 revenue $37.0M (beat guidance), up 22% YoY; net income up 102% to $9.7M
Revenue $37.0M, beat upper end of guidance, up 22% YoY; gross margin 69.9% (up 80 bps).
Energy Recovery awards 21,762 RSU retention bonuses each to CTO and SVP Water, vesting in 1 year
Compensation Committee approved one-time equity retention bonuses of 21,762 RSUs each to CTO Farshad Ghasripoor and SVP Water Rodney Clemente.
Energy Recovery appoints David Moon as interim CEO; Bob Mao steps down
David Moon, a current Board member, appointed Interim President and CEO effective October 23, 2023.
Energy Recovery appoints David Moon and Colin Sabol to Board of Directors
David Moon, former President of Carrier Commercial Refrigeration, joins Board.
Energy Recovery Q2 rev $20.7M, net loss $1.7M; reaffirms FY2023 guidance
Revenue $20.7M (up 2% YoY) within lower end of guidance; $5.7M megaproject shipment delayed to Q3.
Energy Recovery shareholders elect all directors, approve proposals at 2023 annual meeting
Five directors elected with 91.9% to 99.2% of votes cast in favor (broker non-votes excluded).
Energy Recovery Q1 revenue $13.4M (-59% YoY); net loss $6.3M vs profit $7.9M
Revenue $13.4M (-59% YoY); gross margin 60.9% vs 70.8% (down 990 bps).
Energy Recovery board members Sherif Foda and Lisa Pollina to depart at 2023 Annual Meeting
Board accepted resignations of Sherif Foda and Lisa Pollina, effective at 2023 Annual Meeting.
Energy Recovery reports record Q4 revenue $42.3M; FY2022 EPS up 75% to $0.42
Q4 revenue $42.3M (record), up 26% YoY; FY revenue $125.6M, up 21% YoY.
Energy Recovery Q3 revenue $30.5M (+47% YoY); net income $4.8M
Revenue $30.5M, up 47% YoY; gross margin 69.1% vs 70.6% prior year.
Energy Recovery Q2 revenue $20.3M, net loss $2.4M; reaffirms FY revenue $130M
Revenue $20.3M, down 2% YoY; net loss per share $0.04 vs. income $0.02 in Q2 2021.
All five director nominees elected: Joan Chow (98.1% for), Lisa Pollina (98.8%), Sherif Foda (99.1%), Arve Hanstveit (90.2%), Pamela Tondreau (97.8%).
Energy Recovery Q1 revenue $32.5M (+12% YoY); net income $0.14 EPS (+17%)
Revenue $32.5M (+12% YoY); operating income $8.2M (+34%); net income $7.9M ($0.14 EPS).
Energy Recovery board member Olav Fjell to retire at 2022 annual meeting
Olav Fjell notified board on March 7, 2022 of his plan to retire at the end of his term at the 2022 Annual Meeting.
Q4 diluted EPS $0.09 vs $0.06 YoY; FY diluted EPS $0.24 vs $0.47 (prior year included $26.9M license revenue).
Energy Recovery enters $50M revolving credit facility with JPMorgan, replaces prior Citibank line
$50M revolving credit facility; matures Dec 21, 2026; secured by substantially all assets.
Energy Recovery appoints Joan K. Chow as Class III director effective Dec 17, 2021
Joan K. Chow appointed to Energy Recovery's Board as a Class III director on December 17, 2021.
Energy Recovery Q3 product revenue down 24% YoY, EPS $0.02, signs PX G1300 deal
Product revenue $20.8M (-24% YoY); net income $1.1M ($0.02 diluted EPS) vs $5.4M ($0.10) in Q3 2020.
Energy Recovery appoints Lisa Pollina to Board of Directors
Appointed as Class I director effective September 16, 2021; board expands to 7 members.
Product revenue $20.6M (+7% YoY); total revenue $20.6M (-53%) due to prior-year VorTeq license termination.
On July 9, 2026, the Board of Directors (the “Board”) of Energy Recovery, Inc (the “Registrant”) appointed Mr. John Mitchell to its Board.
On May 26, 2026, the Board appointed Mr. Alex Buehler, age 51, to serve as the Company’s Interim President and Chief Executive Officer to serve in these positions until a permanent successor is appointed by the Board.
On May 25, 2026, Mr. David Moon informed the Board of Directors (the “Board”) of Energy Recovery, Inc. (the “Company”) of his intention to accelerate his previously announced retirement and resign from all positions within the Company, including as President, Chief Executive Officer and as a member of the Board, effective on May 26, 2026.
On May 25, 2026, Mr. David Moon informed the Board of Directors (the “Board”) of Energy Recovery, Inc. (the “Company”) of his intention to accelerate his previously announced retirement and resign from all positions within the Company, including as President, Chief Executive Officer and as a member of the Board, effective on May 26, 2026.
David Moon, President and Chief Executive Officer of the Company, has notified the Board of Directors (the “Board”) of his intention to retire following the appointment of his replacement.
On May 4, 2026, Mike Mancini, Chief Financial Officer of the Company, submitted his resignation to the Company effective as of May 6, 2026.
On May 6, 2026, the Company announced that Aidan Ryan, 42, has been appointed as the Interim Chief Financial Officer.
the Board of Directors (the “Board”) of the Company announced the appointment of Dr. Ram Ramanan, age 64, as the Company’s Chief Technology Officer, effective March 3, 2025.
Dr. Farshad Ghasripoor, the Chief Technology Officer of Energy Recovery, Inc. (the “Company”), will be retiring from the Company effective March 14, 2025.
On July 31, 2024, Energy Recovery, Inc. (the “Company”) announced the hiring of Mr. Michael Mancini, age 43, as the Chief Financial Officer (“CFO”) of the Company.
On July 10, 2024, the Board of Directors (the “Board”) of Energy Recovery, Inc. (the “Company”) appointed Mr. Brandon Young, age 51, as the Company’s interim Chief Accounting Officer.
Mr. Joshua Ballard resigned from his position as Energy Recovery, Inc.’s (the “Company”) Chief Financial Officer, effective June 30, 2024.
Max materiality 0.80 · Median 0.60 · Most common event earnings