The earnings call highlighted strong growth and positive developments in core business areas like desalination and wastewater, supported by strategic share repurchases and improved tariff conditions in China. However, challenges remain in expanding into new markets like data centers.

Company Guidance

During Energy Recovery's second quarter 2025 earnings call, the company reiterated its guidance for 2025 on all metrics, including reinstating its wastewater guidance. The core desalination business remains resilient despite the macroeconomic environment, with multiple large deals signed and a clear line of sight to full-year revenue based on existing contracts and pipeline. The company announced an additional share repurchase program, with three authorizations totaling $105 million over the past ten months, potentially allowing for the repurchase of over 10% of outstanding shares. Energy Recovery highlighted strong growth trends in contracted desalination capacity, water reuse capacity, and CO2 refrigeration installations, which align with their long-term goals. The company is also experiencing positive developments in its wastewater footprint and has been able to resume significant business in China following a reduction in tariffs. Additionally, ongoing testing and progress with new sites are part of their CO2 initiatives, and discussions with Hillphoenix continue as they explore opportunities in the data center and heat pump markets.

Reiteration of 2025 Guidance and Wastewater Guidance Reinstatement

Energy Recovery reiterated its 2025 guidance on all metrics and reinstated its wastewater guidance, indicating confidence in its core desalination business despite macroeconomic challenges.

Share Repurchase Program

The company announced an additional share repurchase program, totaling $105 million over the past 10 months, which is expected to repurchase over 10% of outstanding shares.

Growth in Desalination and Wastewater Verticals

Contracted desalination capacity, water reuse capacity, and CO2 refrigeration installations are growing at high rates, with significant progress in the five targeted wastewater verticals.

Improved Tariff Situation in China

Reduction in tariffs enabled the execution of projects in China, leading to more than $2 million in shipments during the quarter.

New Product Developments

Development of the next-gen PX product, expected to have increased capacity and potentially higher pricing, and ongoing testing and engagement with OEMs in the CO2 segment.

Energy Recovery (ERII) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ERII Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.07 / -	0.15	―	―	―
Aug 06, 2025	2025 (Q2)	>-0.01 / 0.04	-0.01	500.00% (+0.05)	―
May 07, 2025	2025 (Q1)	-0.03 / -0.18	-0.14	-28.57% (-0.04)	―
Feb 26, 2025	2024 (Q4)	0.38 / 0.41	0.34	20.59% (+0.07)	―
Oct 30, 2024	2024 (Q3)	0.07 / 0.15	0.17	-11.76% (-0.02)	―
Jul 31, 2024	2024 (Q2)	-0.11 / -0.01	-0.03	66.67% (+0.02)	―
May 01, 2024	2024 (Q1)	-0.14 / -0.14	-0.11	-27.27% (-0.03)	―
Feb 21, 2024	2023 (Q4)	0.38 / 0.34	0.24	41.67% (+0.10)	―
Nov 01, 2023	2023 (Q3)	0.04 / 0.17	0.08	112.50% (+0.09)	―
Aug 02, 2023	2023 (Q2)	-0.02 / -0.03	-0.04	25.00% (+0.01)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ERII Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$13.62	$14.65	+7.56%
May 07, 2025	$15.04	$12.25	-18.55%
Feb 26, 2025	$14.68	$15.05	+2.52%
Oct 30, 2024	$17.86	$17.86	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Energy Recovery (ERII) report earnings?

Energy Recovery (ERII) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Energy Recovery (ERII) earnings time?

Energy Recovery (ERII) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ERII EPS forecast?

ERII EPS forecast for the fiscal quarter 2025 (Q3) is 0.07.

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