Energy Recovery (ERII) Tops Q2 EPS by 8c
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Energy Recovery Reports Unaudited Financial Results for the Second Quarter of 2015
August 6, 2015 4:59 PM EDTSECOND QUARTER HIGHLIGHTS:
Revenue increased by 64% to $10.5 million in the current period, from $6.4 million in the second quarter of 2014, as a result of a strengthening global desalination market Gross profit margin improved to 54% in the current period, from 48% in the second quarter of 2014, as a result of MPD shipments and a favorable shift in mix Operating expenses increased by $1.3 million, or 17%, from $7.6 million in the second quarter of 2014 to $8.9 million in the current period. The increase was primarily driven by non-recurring CEO transition expenses which were offset by austerity measures initiated in the... MoreEnergy Recovery Reports Unaudited Financial Results for the Second Quarter of 2015
August 6, 2015 4:59 PM EDTSECOND QUARTER HIGHLIGHTS:
Revenue increased by 64% to $10.5 million in the current period, from $6.4 million in the second quarter of 2014, as a result of a strengthening global desalination market Gross profit margin improved to 54% in the current period, from 48% in the second quarter of 2014, as a result of MPD shipments and a favorable shift in mix Operating expenses increased by $1.3 million, or 17%, from $7.6 million in the second quarter of 2014 to $8.9 million in the current period. The increase was primarily driven by non-recurring CEO transition expenses which were offset by austerity measures initiated in the... More