See more : Zhuhai Huajin Capital Co., Ltd. (000532.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of Energy Recovery, Inc. (ERII) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Energy Recovery, Inc., a leading company in the Industrial – Pollution & Treatment Controls industry within the Industrials sector.
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Energy Recovery, Inc. (ERII)
Industry: Industrial - Pollution & Treatment Controls
Sector: Industrials
Website: https://www.energyrecovery.com
About Energy Recovery, Inc.
Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services. The company also offers a solution to reduce energy consumption in natural gas processing and in refrigeration systems that use carbon dioxide. It provides its products under the ERI, Ultra PX, PX, Pressure Exchanger, PX Pressure Exchanger, PX PowerTrain, VorTeq, IsoBoost, AT, and AquaBold names to large engineering, procurement, and construction firms; end-users and industry consultants; original equipment manufacturers; and aftermarket customers. The company was incorporated in 1992 and is headquartered in San Leandro, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 128.35M | 125.59M | 103.90M | 118.99M | 86.94M | 74.52M | 63.16M | 54.72M | 44.71M | 30.43M | 43.05M | 42.63M | 28.05M | 45.85M | 47.01M | 52.12M | 35.41M | 20.06M | 10.69M | 4.05M | 4.05M |
| Cost of Revenue | 41.27M | 38.24M | 32.67M | 28.25M | 20.34M | 17.87M | 19.06M | 17.85M | 19.11M | 13.71M | 17.32M | 22.42M | 20.25M | 23.78M | 17.60M | 18.93M | 14.85M | 8.13M | 0.00 | 2.02M | 2.01M |
| Gross Profit | 87.08M | 87.36M | 71.23M | 90.74M | 66.61M | 56.64M | 44.10M | 36.87M | 25.60M | 16.71M | 25.72M | 20.21M | 7.80M | 22.07M | 29.42M | 33.19M | 20.56M | 11.93M | 10.69M | 2.03M | 2.03M |
| Gross Profit Ratio | 67.85% | 69.56% | 68.56% | 76.26% | 76.61% | 76.01% | 69.82% | 67.38% | 57.26% | 54.93% | 59.76% | 47.41% | 27.81% | 48.14% | 62.57% | 63.67% | 58.06% | 59.46% | 100.00% | 50.21% | 50.26% |
| Research & Development | 17.00M | 17.91M | 20.07M | 23.45M | 23.40M | 17.01M | 13.44M | 10.14M | 7.66M | 9.69M | 4.36M | 4.77M | 3.53M | 3.94M | 3.04M | 2.42M | 1.71M | 1.27M | 0.00 | 340.00K | 25.00K |
| General & Administrative | 28.86M | 28.34M | 25.16M | 25.52M | 22.83M | 21.48M | 17.35M | 16.63M | 19.77M | 14.14M | 15.19M | 15.15M | 16.75M | 17.04M | 13.76M | 2.46M | 0.00 | 0.00 | 0.00 | 1.06M | 892.00K |
| Selling & Marketing | 22.16M | 16.28M | 12.16M | 8.13M | 9.43M | 7.55M | 9.39M | 9.12M | 9.33M | 10.53M | 7.95M | 7.29M | 8.00M | 8.21M | 6.47M | 1.78M | 0.00 | 0.00 | 0.00 | 1.04M | 915.00K |
| SG&A | 51.03M | 44.62M | 37.32M | 33.65M | 32.27M | 29.02M | 26.75M | 25.74M | 29.10M | 24.66M | 23.14M | 22.44M | 24.74M | 25.24M | 20.23M | 17.87M | 9.53M | 7.02M | 0.00 | 2.09M | 1.81M |
| Other Expenses | 0.00 | 1.24M | 12.00K | 16.00K | 575.00K | -80.00K | -188.00K | 290.00K | -139.00K | 69.00K | 109.00K | 143.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 68.03M | 62.53M | 57.40M | 57.11M | 56.24M | 46.66M | 40.82M | 36.51M | 37.39M | 35.20M | 28.43M | 28.25M | 29.80M | 27.04M | 23.27M | 20.29M | 11.23M | 8.29M | 0.00 | 2.43M | 1.83M |
| Cost & Expenses | 109.30M | 100.76M | 90.07M | 85.36M | 76.58M | 64.54M | 59.88M | 54.36M | 56.50M | 48.91M | 45.75M | 50.67M | 50.05M | 50.82M | 40.86M | 39.22M | 26.09M | 16.42M | 0.00 | 4.45M | 3.84M |
| Interest Income | 3.76M | 908.00K | 204.00K | 913.00K | 2.01M | 1.54M | 870.00K | 309.00K | 53.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 54.00K | 873.00K | 517.00K | 58.00K | 0.00 | 1.00K | 0.00 |
| Interest Expense | 0.00 | 908.00K | 0.00 | 0.00 | 0.00 | 1.00K | 2.00K | 3.00K | 42.00K | 0.00 | 0.00 | 6.00K | 34.00K | 73.00K | 46.00K | 79.00K | 105.00K | 77.00K | 0.00 | 54.00K | 38.00K |
| Depreciation & Amortization | 5.75M | 6.30M | 5.94M | 5.30M | 4.40M | 3.86M | 3.67M | 3.68M | 3.84M | 4.03M | 3.80M | 1.04M | 1.36M | 5.20M | 1.18M | 522.00K | 323.00K | 231.00K | 0.00 | 1.00K | 0.00 |
| EBITDA | 24.80M | 31.13M | 19.77M | 38.93M | 16.65M | 15.30M | 12.92M | 7.11M | -8.09M | -14.39M | 1.09M | -4.71M | -20.32M | 43.00K | 7.39M | 14.30M | 9.65M | 3.87M | 10.69M | -399.00K | 201.00K |
| EBITDA Ratio | 19.32% | 19.77% | 19.03% | 34.67% | 19.15% | 20.55% | 12.07% | 7.91% | -18.10% | -47.51% | 2.79% | -16.08% | -73.59% | -10.83% | 13.20% | 25.75% | 27.25% | 19.30% | 100.00% | -9.86% | 4.97% |
| Operating Income | 19.05M | 18.53M | 13.83M | 31.29M | 10.36M | 9.98M | 3.28M | 357.00K | -11.79M | -18.48M | -2.89M | -8.65M | -25.29M | -4.97M | 6.15M | 12.90M | 9.33M | 3.64M | 10.69M | -400.00K | 201.00K |
| Operating Income Ratio | 14.84% | 14.75% | 13.31% | 26.30% | 11.92% | 13.39% | 5.19% | 0.65% | -26.37% | -60.75% | -6.71% | -20.30% | -90.18% | -10.83% | 13.08% | 24.75% | 26.34% | 18.15% | 100.00% | -9.88% | 4.97% |
| Total Other Income/Expenses | 3.66M | 1.24M | 173.00K | 839.00K | 1.89M | 1.46M | 680.00K | 287.00K | -181.00K | 69.00K | 109.00K | 137.00K | 150.00K | -267.00K | 8.00K | 794.00K | 412.00K | -19.00K | -181.00K | -53.00K | -38.00K |
| Income Before Tax | 22.71M | 26.07M | 14.00M | 32.13M | 12.26M | 11.44M | 3.96M | 644.00K | -11.97M | -18.41M | -2.78M | -8.52M | -25.14M | -5.23M | 6.16M | 13.70M | 9.74M | 3.62M | 0.00 | -453.00K | 163.00K |
| Income Before Tax Ratio | 17.69% | 20.76% | 13.48% | 27.01% | 14.10% | 15.35% | 6.26% | 1.18% | -26.78% | -60.52% | -6.46% | -19.98% | -89.65% | -11.41% | 13.10% | 26.28% | 27.50% | 18.05% | 0.00% | -11.19% | 4.03% |
| Income Tax Expense | 1.20M | 2.02M | -265.00K | 5.75M | 1.34M | -10.65M | -8.39M | -390.00K | -334.00K | 291.00K | 327.00K | -262.00K | 1.30M | -1.63M | 2.47M | 5.03M | 3.95M | 1.24M | -894.00K | 53.00K | -11.00K |
| Net Income | 21.50M | 24.05M | 14.27M | 26.39M | 10.91M | 22.09M | 12.35M | 1.03M | -11.64M | -18.71M | -3.11M | -8.25M | -26.44M | -3.61M | 3.69M | 8.66M | 5.79M | 2.38M | 894.00K | -506.00K | 174.00K |
| Net Income Ratio | 16.75% | 19.15% | 13.73% | 22.18% | 12.55% | 29.65% | 19.55% | 1.89% | -26.03% | -61.48% | -7.22% | -19.36% | -94.28% | -7.87% | 7.84% | 16.62% | 16.36% | 11.88% | 8.36% | -12.50% | 4.30% |
| EPS | 0.38 | 0.43 | 0.25 | 0.47 | 0.20 | 0.41 | 0.34 | 0.07 | -0.22 | -0.36 | -0.06 | -0.16 | -0.50 | -0.07 | 0.07 | 0.19 | 0.15 | 0.06 | 0.02 | -0.02 | 0.01 |
| EPS Diluted | 0.37 | 0.42 | 0.24 | 0.47 | 0.19 | 0.40 | 0.33 | 0.07 | -0.22 | -0.36 | -0.06 | -0.16 | -0.50 | -0.07 | 0.07 | 0.18 | 0.14 | 0.06 | 0.02 | -0.02 | 0.01 |
| Weighted Avg Shares Out | 56.44M | 56.22M | 56.99M | 55.71M | 54.74M | 53.76M | 53.70M | 52.34M | 52.15M | 51.68M | 51.07M | 51.45M | 52.61M | 52.07M | 50.17M | 44.85M | 39.06M | 38.02M | 36.79M | 32.16M | 30.28M |
| Weighted Avg Shares Out (Dil) | 57.74M | 57.64M | 58.72M | 56.64M | 56.07M | 55.34M | 55.61M | 55.45M | 52.15M | 51.68M | 51.07M | 51.45M | 52.61M | 52.07M | 52.64M | 47.39M | 41.43M | 40.24M | 38.45M | 32.16M | 32.94M |
Energy Recovery Announces CFO Transition
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced Joshua Ballard has made the decision to step down from his position as Chief Financial Officer at the end of June 2024....
Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023
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, 2023. Fiscal Year 2023 Highlights Record annual revenue of $128.3 million, which includes a...
Energy Recovery Announces $28 Million in Desalination Contracts for Flagship PX Q400 Energy Recovery Device
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced the award of contracts totaling over $28 million to supply its newest top-of-the-line PX® Pressure Exchanger® energy recovery device (ERD), the PX Q400, to mega desalination projects in the Gulf...
Energy Recovery to Release Full Year and Fourth Quarter 2023 Financial Results
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2023, and will host a conference call to discuss the results and related matters on...
Energy Recovery Appoints David Moon as President and CEO
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced David Moon has been named President and Chief Executive Officer of the Company. Mr. Moon has served as interim President and CEO...
Energy Recovery: Most Important Takeaways From The Q3 Call
Energy Recovery (ERII) dominates the global industrial desalination industry, having a 90% global market share. ERII is now trying to copy its technology into a new global segment - industrial air-conditioning and refrigeration. Due to Kigali protocol, all greenhouse gas...
Energy Recovery Announces Leadership Transition
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced Mr. David Moon, a current member of the Energy Recovery Board of Directors, has been appointed interim Chief Executive Officer, effective immediately. Mr. Bob Mao will remain a member of...
Energy Recovery Awarded Desalination Contracts in Algeria Totaling $28 Million
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced several contracts to supply the PX® Pressure Exchanger® (“PX”) to desalination projects in Algeria totaling over $28 million. Desalination plays a large role in Algeria's strategy to combat water scarcity....
Energy Recovery to Release Third Quarter 2023 Financial Results
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending September 30, 2023, and will host a conference call to discuss quarterly results and related matters on November 1,...
Energy Recovery and Epta Win Refrigeration Innovation of the Year at RAC Cooling Industry Awards 2023
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (NASDAQ: ERII) and Epta Group (Epta) were together awarded Refrigeration Innovation of the Year for the XTE (Extra Transcritical Efficiency), Epta's next-generation commercial CO2 refrigeration system. The award for Refrigeration Innovation of the Year recognizes...
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