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07.05.25 - 22:12
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Energy Recovery Reports its First Quarter 2025 Financial Results (Business Wire)
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SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2025.
First Quarter Highlights
Q1'25 financial results were in-line with internal expectations and consistent with our communicated expectations for quarterly revenue cadence in 2025.
Revenue of $8.1 million, a decrease of $4.0 million as compared to Q1'2024 due to timing of revenue from contracted projects.
Gross margin of 55.3%, a decrease of 370 bps, as compared to Q1'2024, due primarily to a decrease in revenue spread over fixed costs.
Operating expenses of $17.0 million, a decrease of 5.8%, as compared to Q1'2024, due primarily to a decrease in employee costs, partially offset by $0.5 million of restructuring charges, $0.4 million of impairment costs, and an increase in costs related to our manufacturing transformation.
Loss from operations of $12.6 million, a decrease of 14.9%, as compared to Q1'2024, m...
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24.04.25 - 13:03
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Energy Recovery to Release First Quarter 2025 Financial Results (Business Wire)
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SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII or the Company) announced today it will release its financial results for the quarterly period ending March 31, 2025. The Company will host a conference call to discuss the results and related matters on May 7, 2025, after market close.
EARNINGS RELEASE
Wednesday, May 7, 2025 (after market close)
LIVE CONFERENCE CALL
Wednesday, May 7, 2025, 2 p.m. PT / 5 p.m. ET
Listen-only, US / Canada Toll-Free: +1 (888) 645-4404
Listen-only, Local / International: +1 (862) 298-0702
CONFERENCE CALL REPLAY
Expiration: June 7, 2025
US / Canada Toll-Free: +1 (877) 660-6853
Local / International Toll: +1 (201) 612-7415
Access code: 13753398
Investors may also access the live call and replay over the internet via webcast. The replay will be available approximately three hours after the live call concludes.
About Energy Recovery
Energy Recovery is a trusted global leader in energy efficiency technology. Building on our pressure exchanger technology plat...
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15.04.25 - 10:06
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Volvo sells 35 electric trucks to waste management company PreZero (Cision)
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International waste management company PreZero has ordered 35 battery-electric trucks from Volvo. The majority of the trucks are of the Volvo FM Low Entry model, Volvo's first ever truck only developed with electric drive.
[image] PreZero has ordered 24 Volvo FM Low Entry trucks, a model that is developed only with electric drive.
PreZero is an international recycling, waste management and energy recovery company. PreZero is actively working to reduce greenhouse gas emissions, both within the company and along the entire value chain.
PreZero in Sweden took its first electric truck from...
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