Energy Recovery Reports Fiscal Year End 2018 Financial Results

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Energy Recovery (ERII) Tops Q4 EPS by 4c, Revenues Beat

March 7, 2019 4:25 PM EST

Energy Recovery (NASDAQ: ERII) reported Q4 EPS of $0.03, $0.04 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $17.7 million versus the consensus estimate of $14.79 million.

Total revenue of $17.7 millionProduct gross margin of 74.5%Total gross margin(1) of 79.9%Net income of $2.4 million, or $0.04 per diluted share

Energy Recovery\'s President and CEO Chris Gannon commented, "2018 was a record year for the Company, setting all-time highs in full year revenue, as... More