Energy Recovery Reports Strong Q4 2024 Results

Energy Recovery ( (ERII) ) has released its Q4 earnings. Here is a breakdown of the information Energy Recovery presented to its investors.

Energy Recovery, Inc. is a global leader in energy efficiency technology, specializing in pressure exchanger technology to enhance energy efficiency and cost savings across various industries, with a strong presence in the desalination sector. The company recently reported its financial results for the fourth quarter of 2024, highlighting a significant increase in revenue and income from operations compared to the previous year. Key financial metrics for the fourth quarter of 2024 include a revenue of $67.1 million, marking a 17% increase from Q4 2023, and a gross margin of 70.2%, up by 110 basis points. Operating expenses rose by 13.9% due to restructuring and executive transition costs, yet income from operations increased by 24.3% to $25.6 million. The company also reported a net income of $23.5 million and adjusted EBITDA of $31.3 million. Looking ahead, Energy Recovery’s management remains optimistic about its growth prospects in 2025, focusing on enhancing operational efficiencies and expanding its market presence.