Energy Recovery Inc (OQ:ERII)

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 1717 Doolittle Dr
SAN LEANDRO CA 94577-2231
Tel: N/A
Website: https://energyrecovery.com
IR: See website
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Key People
David W. Moon
President, Chief Executive Officer, Director
Joshua D. Ballard
Chief Financial Officer
Rodney Clemente
Senior Vice President - Water
Farshad Ghasripoor
Chief Technology Officer
William W. Yeung
Chief Legal Officer
 
Business Overview
Energy Recovery, Inc. is engaged in energy efficiency technology. The Company designs and manufactures solutions that provide cost savings through improved energy efficiency in commercial and industrial processes, with applications across several industries. Its segments include Water and Emerging Technologies. The Water segment develops, sales and supports PX, hydraulic turbochargers and pumps used in seawater desalination and wastewater treatment activities. The Emerging Technologies segment develops, sales and supports activities related to emerging technologies, such as the PX G1300 used in industrial and commercial refrigeration applications. Its solutions are marketed, sold in, or developed for, the fluid-flow and gas markets, such as seawater and wastewater desalination, natural gas, chemical processing and CO2-based refrigeration systems, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger (PX), Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold.
Financial Overview
For the fiscal year ended 31 December 2023, Energy Recovery Inc revenues increased 2% to $128.3M. Net income decreased 11% to $21.5M. Revenues reflect Oil&Gas segment increase from $163K to $624K, Americas segment increase of 77% to $15.2M, Asia segment increase of 23% to $30.5M, Europe segment increase of 2% to $6M. Net income was offset by Water segment income decrease of 5% to $61.7M, Oil&Gas segment loss increase of 11% to $23.1M.
Employees: 269 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $676.29M as of Dec 31, 2023
Annual revenue (TTM): $128.35M as of Dec 31, 2023
EBITDA (TTM): $23.15M as of Dec 31, 2023
Net annual income (TTM): $21.50M as of Dec 31, 2023
Free cash flow (TTM): $23.49M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 57,078,540 as of Feb 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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