Energy Recovery (ERII) Tops Q4 EPS by 1c ; Offers Guidance

Energy Recovery (NASDAQ: ERII) reported Q4 EPS of $0.39, $0.01 better than the analyst estimate of $0.38. Revenue for the quarter came in at $57.2 million versus the consensus estimate of $63.57 million.

Guidance:-

Water revenue was below guidance due to the delayed shipment of a single project to be shipped in 2024. This project was highlighted as a potential risk in the Q3 earnings call.
Gross margin of 67.8%, within Energy Recovery’s expectations and above guidance.

For earnings history and earnings-related data on Energy Recovery (ERII) click here.

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