Benzinga | Oct 29, 2020 04:41PM EDT

Recap: Energy Recovery Q3 Earnings

Shares of Energy Recovery (NASDAQ:ERII) were flat in after-market trading after the company reported Q3 results.

Quarterly 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.

Outlook

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

Technicals

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%

Company Overview

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.