Energy Recovery: Charting the Way Forward – 2024 Investor Day Webinar
Latest Presentation
Recent Event
Q4 2024 Earnings Conference Call
Latest Financial Results
FY 2024
Fiscal Year Ended Dec 31, 2024
$67.1M
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.
70.2%
Gross margin of 70.2%, an increase of 110 bps, as compared to Q4’2023, due primarily to benefits from our manufacturing transformation.
$21.5M
Operating expenses of $21.5 million, an increase of 13.9%, as compared to Q4’2023, due primarily to $2.5 million of restructuring costs related to our announced workforce reduction and executive transition costs.
$25.6M
Income from operations of $25.6 million, an increase of 24.3%, as compared to Q4’2023, mainly due to higher revenue and higher gross margin.
Source: Q4 2024 Earnings Release
For complete information regarding our financials, see our periodic filings
Latest Annual Filing
For Fiscal Year Ending Dec 31, 2024
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A trusted global leader in energy efficiency
Energy Recovery (Nasdaq: ERII) is a trusted global leader in energy efficiency technology. Building on our pressure exchanger technology platform, we design and manufacture reliable, high-performance solutions that generate cost savings, increase energy efficiency, and reduce carbon emissions across several industries. With a strong foundation in the desalination industry, Energy Recovery has delivered transformative solutions that increase operational efficiency and environmental sustainability to our customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing and R&D facilities in California, with sales and on-site technical support available globally.
Energy Recovery at a Glance
216
Employees
12
Countries with employees
$145M
Product Revenue
As of Dec. 31, 2024 • 2024 10-K
For complete information regarding our financials, see our periodic filings.
2024 Revenue Breakdown
Revenue by Primary Geographic Markets in FY2024
- Middle East and Africa 62.55%
- Asia 24.88%
- Europe 6.36%
- Americas 6.21%
As of Dec. 31, 2024 • 10-K 2024
YoY Product Revenue
(in thousands)
As of Dec. 31, 2024 • 10-K 2024
Environmentally and Socially Conscious with Every Decision
Sustainability is at the core of what we do. In addition to developing and manufacturing solutions that help our customers reduce their emissions, we are dedicated to applying the principles of sustainability to our own operations.
Explore our Sustainability ProgramIR Contacts
Corporate Office
Energy Recovery
1717 Doolittle Drive
San Leandro, CA 94577
United States
Investor Relations
Energy Recovery
1717 Doolittle Drive
San Leandro, CA 94577
United States
346-382-6927
ir@energyrecovery.com
Transfer Agent
AST Financial
800-937-5449
help@astfinancial.com