Energy recovery reports its fourth quarter 2024 financial results

San leandro, calif.--(business wire)--energy recovery, inc. (nasdaq:erii) (“energy recovery” or the “company”) today announced its financial results for the fourth quarter and year ended december 31, 2024. fourth quarter highlights revenue of $67.1 million, an increase of 17% as compared to q4'2023 and resulting in full-year revenue at the midpoint of guidance. gross margin of 70.2%, an increase of 110 bps, as compared to q4'2023, due primarily to benefits from our manufacturing transformation.
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