Energy Recovery (ERII) Tops Q4 EPS by 3c

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Go back to Energy Recovery (ERII) Tops Q4 EPS by 3c

Energy Recovery Reports Record Fiscal Year End 2016 Financial Results

March 8, 2017 4:50 PM EST

SAN LEANDRO, Calif., March 8, 2017 /PRNewswire/ -- Energy Recovery Inc. (NASDAQ: ERII) ("Energy Recovery" or the "Company"), the leader in pressure energy technology for industrial fluid flows, today announced its financial results for the fiscal year and fourth quarter ended on December 31, 2016.

Full Year Summary:

Revenue increased 22% year-over-year to $54.7 million, the strongest top-line performance for in Company history Product gross margin of 64%; a year-over-year increase of 790 basis points, highest in Company history Total gross margin(1) of 67%; a... More