Shares of Energy Recovery ERII were flat in after-market trading after the company reported Q3 results.
Earnings per share increased 42.86% over the past year to $0.10, which beat the estimate of $0.03.
Revenue of $27,408,000 rose by 10.29% from the same period last year, which beat the estimate of $25,060,000.
Energy Recovery hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Oct 29, 2020
Time: 05:00 PM
ET Webcast URL: https://www.webcast-eqs.com/register/energyrecover20201029/en
Company's 52-week high was at $11.07
Company's 52-week low was at $6.11
Price action over last quarter: Up 17.19%
Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions for industrial fluid flow processes. The company operates in two segments, Water, and Oil and gas, and its products are utilized in these markets to either recycle and convert wasted pressure energy into a usable asset or preserve pumps that are subject to hostile processing environments. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the US and other international countries.
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