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Energy Recovery Reports its Fourth Quarter 2024 Financial Results

1. ERII's Q4 revenue increased by 17% year-over-year to $67.1 million. 2. Gross margin rose to 70.2% due to manufacturing transformation benefits.

Earnings
+2.52%Current Return
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-1.6%S&P 500
$14.6802/26 04:21 PM EDTEvent Start
$15.0502/27 11:08 PM EDTLatest Updated
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FAQ

Why Bullish?

The revenue growth and improved margins signal financial health. Historically, similar results have often led to stock price increases as market confidence grows.

How important is it?

Strong revenue and margin improvements are vital indicators for investor sentiment, directly correlating to ERII's valuation.

Why Short Term?

Investors typically respond quickly to earnings announcements. The immediate market reaction will likely be influenced by this positive financial performance.

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PLUGDTEFCEL
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter Highlights Revenue of $67.1 million, an increase of 17% as compared to Q4'2023 and resulting in full-year revenue at the midpoint of guidance. Gross margin of 70.2%, an increase of 110 bps, as compared to Q4'2023, due primarily to benefits from our manufacturing transformation.

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