Highest-materiality recent filing
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 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 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 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 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 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 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 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 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 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 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.
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).
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 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.
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