energy recovery (nasdaq:erii) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments. with award winning technology, energy recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. energy recovery products save clients more than $1.5 billion (usd) annually. headquartered in the bay area, energy recovery has offices in ireland, shanghai, and dubai. for more information about the company, please visit our website at www.energyrecovery.com.
Company profile
Ticker
ERII
Exchange
Website
CEO
Yu Lang Mao
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Lam Research • Milacron • Cricut • Veeco Instruments • Axcelis • Intevac • Manitex International • Desktop Metal • Amtech Systems • Azenta ...
SEC CIK
Corporate docs
Subsidiaries
Energy Recovery Iberia, S.L. • Energy Recovery Canada, Corp. ...
IRS number
10616867
ERII stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Energy Recovery Affirms FY 2023 Guidance, Continues Investments in Wastewater and CO2 Business Growth
2 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 23
SD
Conflict minerals disclosure
23 May 23
ARS
2022 FY
Annual report to shareholders
5 May 23
10-Q
2023 Q1
Quarterly report
3 May 23
8-K
Energy Recovery Reports First Quarter 2023 Financial Results
3 May 23
DEF 14A
Definitive proxy
24 Apr 23
8-K
Departure of Directors or Certain Officers
24 Apr 23
10-K
2022 FY
Annual report
22 Feb 23
Transcripts
ERII
Earnings call transcript
2023 Q2
2 Aug 23
ERII
Earnings call transcript
2023 Q1
3 May 23
ERII
Earnings call transcript
2022 Q4
23 Feb 23
ERII
Earnings call transcript
2022 Q3
3 Nov 22
ERII
Earnings call transcript
2022 Q2
4 Aug 22
ERII
Earnings call transcript
2022 Q1
5 May 22
ERII
Earnings call transcript
2021 Q4
25 Feb 22
ERII
Earnings call transcript
2021 Q3
7 Nov 21
ERII
Earnings call transcript
2021 Q2
6 Aug 21
ERII
Earnings call transcript
2021 Q1
7 May 21
Latest ownership filings
4
Joshua Ballard
14 Sep 23
4
Farshad Ghasripoor
31 Aug 23
144
Notice of proposed sale of securities
29 Aug 23
4
William Yeung
29 Aug 23
4
Rodney Clemente
29 Aug 23
144
Notice of proposed sale of securities
28 Aug 23
144
Notice of proposed sale of securities
25 Aug 23
4
William Yeung
27 Jul 23
4
Joshua Ballard
27 Jul 23
4
Farshad Ghasripoor
27 Jul 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 44.37 mm | 44.37 mm | 44.37 mm | 44.37 mm | 44.37 mm | 44.37 mm |
| Cash burn (monthly) | 7.36 mm | (no burn) | 862.00 k | (no burn) | 1.38 mm | (no burn) |
| Cash used (since last report) | 22.24 mm | n/a | 2.60 mm | n/a | 4.16 mm | n/a |
| Cash remaining | 22.12 mm | n/a | 41.76 mm | n/a | 40.20 mm | n/a |
| Runway (months of cash) | 3.0 | n/a | 48.4 | n/a | 29.2 | n/a |
Institutional ownership, Q2 2023
83.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 180 |
| Opened positions | 27 |
| Closed positions | 17 |
| Increased positions | 66 |
| Reduced positions | 55 |
| 13F shares | Current |
|---|---|
| Total value | 1.18 tn |
| Total shares | 47.26 mm |
| Total puts | 3.60 k |
| Total calls | 31.30 k |
| Total put/call ratio | 0.1 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 4.64 mm | $129.78 bn |
| Vanguard | 2.85 mm | $79.69 bn |
| Sundt AS | 2.68 mm | $51.99 mm |
| Trigran Investments | 2.49 mm | $69.55 bn |
| William Blair Investment Management | 2.22 mm | $62.16 bn |
| FIL | 2.05 mm | $57.30 bn |
| Brown Capital Management | 1.88 mm | $52.66 bn |
| Avenir | 1.71 mm | $47.89 bn |
| Jennison Associates | 1.51 mm | $42.30 bn |
| Diamond Hill Capital Management | 1.46 mm | $40.71 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Sep 23 | Joshua Ballard | Common Stock | Sell | Dispose S | Yes | No | 24.0328 | 700 | 16.82 k | 0 |
| 29 Aug 23 | Farshad Ghasripoor | Common Stock | Sell | Dispose S | No | No | 27.917 | 51,131 | 1.43 mm | 81,812 |
| 29 Aug 23 | Farshad Ghasripoor | Common Stock | Option exercise | Acquire M | No | No | 7.6 | 35,800 | 272.08 k | 132,943 |
| 29 Aug 23 | Farshad Ghasripoor | Common Stock | Option exercise | Acquire M | No | No | 7.5 | 15,331 | 114.98 k | 97,143 |
| 29 Aug 23 | Farshad Ghasripoor | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 7.6 | 35,800 | 272.08 k | 0 |
| 29 Aug 23 | Farshad Ghasripoor | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 7.5 | 15,331 | 114.98 k | 0 |
| 28 Aug 23 | William Yeung | Common Stock | Sell | Dispose S | No | No | 27.754 | 40,614 | 1.13 mm | 52,708 |
| 25 Aug 23 | Clemente Rodney | Common Stock | Sell | Dispose S | No | No | 27.033 | 31,373 | 848.11 k | 55,901 |
| 25 Aug 23 | Clemente Rodney | Common Stock | Option exercise | Acquire M | No | No | 10.21 | 6,432 | 65.67 k | 87,274 |
| 25 Aug 23 | Clemente Rodney | Common Stock | Option exercise | Acquire M | No | No | 7.6 | 15,663 | 119.04 k | 80,842 |
News
12 Industrials Stocks Moving In Friday's Intraday Session
1 Sep 23
12 Industrials Stocks Moving In Thursday's Intraday Session
3 Aug 23
12 Industrials Stocks Moving In Wednesday's After-Market Session
2 Aug 23
Energy Recovery Q2 Adj EPS $(0) and Sales $20.72M Miss $24.52M Estimate
2 Aug 23
Preview: Energy Recovery's Earnings
1 Aug 23
Press releases
Energy Recovery and Epta Win Refrigeration Innovation of the Year at RAC Cooling Industry Awards 2023
22 Sep 23
Energy Recovery Establishes Corporate Emissions Reduction Target; Surpasses $5.9 Billion in Energy Savings for Customers According to Latest Sustainability Report
12 Sep 23
Energy Recovery Affirms FY 2023 Guidance, Continues Investments in Wastewater and CO2 Business Growth
2 Aug 23
Energy Recovery Awarded Nearly $17 Million in Desalination Contracts in the Gulf Region
25 Jul 23
MSCI Upgrades Energy Recovery's ESG Rating to AAA
18 Jul 23