Energy Recovery: Q1 Earnings Snapshot
May 7, 2021
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SAN LEANDRO, Calif. (AP) Energy Recovery Inc. (ERII) on Thursday reported first-quarter net income of $6.9 million.
The San Leandro, California-based company said it had net income of 12 cents per share.
The maker of energy recovery devices posted revenue of $28.9 million in the period.
Energy Recovery shares have increased 49% since the beginning of the year. The stock has more than doubled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERII at https://www.zacks.com/ap/ERII
Energy Recovery Sets Product Revenue Record in the First Quarter
SAN LEANDRO, CA / ACCESSWIRE / May 6, 2021
/ Energy Recovery, Inc. (Nasdaq:ERII) today announced its financial results for the first quarter ended March 31, 2021. The Company posted record-high quarterly product revenue in its core Water segment with 52% growth compared to the first quarter of 2020. Today, Energy Recovery is at a key inflection point as we embark on a path of sustainable, disciplined, and diversified growth. First, we must protect and grow our seawater desalination business, which is thriving as our quarterly results show, said Robert Mao, Chairman of the Board, President, and Chief Executive Officer of Energy Recovery.
Energy Recovery to Host First Quarter 2021 Financial Results Conference Call on May 6, 2021 tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
Energy Recovery to Host First Quarter 2021 Financial Results Conference Call on May 6, 2021
SAN LEANDRO, CA / ACCESSWIRE / April 15, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ended March 31, 2021, on May 6, 2021 after market close.
The Company will also hold a conference call to discuss the first quarter financial results on Thursday, May 6, 2021 at 2:00 PM PDT / 5:00 PM EDT. Robert Mao, Chairman of the Board of Directors and President and Chief Executive Officer, and Joshua Ballard, Chief Financial Officer, will host the conference call and take analyst questions after prepared remarks.
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