Q3 2025 Energy Recovery Inc Earnings Call Transcript

Nov 5, 2025 / 10:00 PM GMT

Release Date Price: $17.26 (+5.18%)

Transcript 10-Q8-K

Key Points

Positve

Energy Recovery Inc (ERII) reported strong sales execution in the third quarter, with improved mega project shipments and rebounding wastewater revenue.
The company has successfully controlled costs, leading to a reduction in their full-year operating expenses guidance.
ERII's CO2 business had a productive summer season of testing, showing strong OEM engagement and validating energy savings of up to 15% during peak times.
The company is focused on gaining traction in 2026 for its CO2 business, with plans to provide clear updates on progress.
ERII has signed a Memorandum of Understanding (MOU) with Hill Phoenix, indicating a path towards a commercial agreement in 2026.

Negative

The commercialization of the CO2 business is still in the early stages, with real commercialization expected in 2027.
OEMs require another summer season of testing before signing a commercial agreement, delaying potential revenue from this segment.
The company's visibility for 2026 remains limited, with backlog expected to build slowly in the first half of the year.
There is caution regarding near-term results from long-term desalination trends due to the time required for infrastructure development.
The data center opportunity for CO2 remains limited in the near term, with no immediate opportunities identified.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ERII.OQ - Energy Recovery Inc
Q3 2025 Energy Recovery Inc Earnings Call
Nov 05, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good ladies and gentlemen, and welcome to Energy Recovery's 3rd quarter 2025 earnings call. During today's call, Energy recovery may make projections and other forward-looking statements under the Safe Harbor provisions contained in the Securities Litigation Reform Act of 1,995 regarding future events or the future financial performance of the company.

These statements may discuss our business, economic, and market outlook, growth expectations, new products, and other performance, cost structure, and business strategy.

Forward-looking statements are based on information currently available to the company and on management's beliefs, assumptions, estimates, and projections. Forlooking statements are not guarantees of

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