Energy Recovery approves up to $25M share buyback

Energy Recoery announced its Board of Directors approved a share repurchase program to purchase up to $25 million of the company’s outstanding common stock over the next 12 months, beginning in August 2025. The new program is in addition to two share repurchase programs announced in the last twelve months. The $50 million share repurchase program announced in November was completed in Q4 2024. Under this program, the company repurchased 3.2 million shares for an average price of $15.39 per share. The $30 million share repurchase program announced in February remains ongoing. Under this program, the company repurchased 1.6 million shares in the first half of 2025 at an average price of $13.87 per share. On a combined basis, the company repurchased 4.8 million shares at an average price of $14.90 per share.