Energy Recovery (ERII) Announces Share Repurchase Program

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Go back to Energy Recovery (ERII) Announces Share Repurchase Program

Energy Recovery Announces Share Repurchase Program

November 18, 2024 4:03 PM EST

SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (Nasdaq: ERII) today announced that its Board of Directors approved a share repurchase program to purchase up to $50 million of the company's outstanding common stock over the next 12 months, beginning in November 2024.

With our strategic plan, or Playbook, complete we now have a clear picture of the capital required to fund our growth, said Energy Recovery's President and CEO David Moon. As such, we are happy to return a large portion... More