ERII - Energy Recovery, Inc.
Diamond Hill Small-Mid Cap Strategy increased 9.73% (net of fees) compared to a 20.26% increase for the Russell 2500 Index. Shares of electrical product manufacturer Regal Rexnord rose in 2Q26 after reporting solid results on strong data center demand. Given the fundamental headwinds Wix.com is facing, we exited our position to deploy capital to more attractive opportunities.
Energy Recovery (ERII) reported a 60% revenue collapse in 2Q26, with Desalination down 80% and significant weakness beyond the Middle East. Unexplained revenue declines in Europe and Asia raise concerns about potential structural or competitive issues beyond the Iran conflict. ERII's balance sheet strength is overstated due to depleted receivables; much of current cash will be needed to rebuild working capital if business recovers.
The Fund increased 9.71% compared to a 20.26% increase for the Russell 2500 Index. We initiated a position in managed care provider Centene. Shares of website design software provider Wix.com were sold as the company's core business has experienced slowing growth due to AI-driven vibe coding.
Energy Recovery, Inc. (ERII) Q2 2026 Earnings Call Transcript
Energy Recovery (ERII) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.07 per share a year ago.
Energy Recovery NASDAQ: ERII said it remains focused on executing its growth initiatives, managing costs and advancing its manufacturing footprint while geopolitical uncertainty continues to delay the timing of major desalination projects in the Middle East.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery”, “Company”, “we”, and “our”) today announced its financial results for the second quarter and six months ended June 30, 2026. Management has released a letter to shareholders reviewing business and financial updates from the second quarter and discussing our outlook for 2026. This letter is located under “News and Events” in the “Investors” section on the Energy Recovery website (https://ir.energyrecove.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced it has finalized a lease for a new manufacturing facility near Dammam Second Industrial City in Dammam, Saudi Arabia. The facility marks Energy Recovery's first in-Kingdom manufacturing operation and is expected to be operational in 2027.Saudi Arabia and the broader Gulf region rely on desalination for a su.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced a contract to supply its PX® Pressure Exchanger® energy recovery devices to a new flagship seawater reverse osmosis desalination plant under Saudi Arabia's Vision 2030 program. When complete, the plant will deliver affordable, drought-proof water to approximately one million people across the Kingdom's Mec.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII or the Company) announced today it will release its financial results for the quarter ending June 30, 2026. The Company will host a conference call to discuss the results and related matters on August 5, 2026, after market close. EARNINGS RELEASE Wednesday, August 5, 2026 (after market close) LIVE CONFERENCE CALL Wednesday, August 5, 2026, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Listen-.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced the appointment of John Mitchell to its Board of Directors.“John is an accomplished global executive who has spent his career operating at the highest levels of complex, technology-driven businesses,” said Pamela Tondreau, Chair of the Board of Directors of Energy Recovery. “He understands what it takes to.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (NASDAQ: ERII) today announced five new contracted wastewater projects in India, with multiple PX® Pressure Exchanger® (PX) energy recovery devices to be installed in industrial reverse osmosis (RO) plants across the country. The projects reflect India's tightening wastewater discharge regulations and a growing push towards water reuse in the industrial sector. India has approximately 18% of the global population, with only 4% of the world's.
SAN DIEGO, June 26, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating Energy Recovery, Inc. (NASDAQ: ERII) on behalf of investors who suffered losses and whether those losses may be recoverable under federal securities laws.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced that current Board of Directors member Alex Buehler has been named Interim President and CEO, effective immediately, until the permanent position has been filled. For personal reasons, President and CEO David Moon has decided to accelerate the timing of his previously announced retirement. The Board thanks.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced its participation at the B. Riley Securities 26th Annual Investor Conference. Mr. Aidan Ryan, interim Chief Financial Officer, will participate in investor meetings on Thursday, May 21. About Energy Recovery Energy Recovery (Nasdaq: ERII) designs and manufactures world-class energy-saving technology.
Energy Recovery, Inc. (ERII) Q1 2026 Earnings Call Transcript
Energy Recovery (ERII) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.1. This compares to a loss of $0.13 per share a year ago.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery”, “Company”, “we”, and “our”) today announced its financial results for the first quarter ended March 31, 2026. Management has released a letter to shareholders reviewing business and financial updates from the first quarter and discussing our outlook for 2026. This letter is located under “News and Events” in the “Investors” section on the Energy Recovery website (https://ir.energyrecovery.com/news-even.
The Zacks Pollution Control industry has been benefiting from healthy demand for products, driven by global initiatives to tackle greenhouse gas emissions. DCI, CECO, ERII and FTEK are some notable stocks in the industry.
VANCOUVER, British Columbia, May 05, 2026 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”), a global leader in Wastewater Energy Transfer (“WET”) technology, is pleased to announce that it has received a purchase order from the National Laboratory of the Rockies (NLR), a federally funded research laboratory operated by Alliance for Energy Innovation, LLC. The purchase order supports the deployment of SHARC Energy's PIRANHA wastewater heat recovery system as part of a high-profile U.S. Department of War (DoW)-supported program at the Naval Postgraduate School's historic Hotel Del Monte in Monterey, California.