Energy Recovery(ERII) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Energy Recovery Reports its Second Quarter 2024 Financial Results SAN LEANDRO, Calif. - July 31, 2024 – Energy Recovery, Inc. (Nasdaq:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the second quarter and six months ended June 30, 2024. Second Quarter Highlights • Revenue of $27.2 million, exceeding the upper end of our guidance of $20 - $25 million. • Gross margin of 64.6%, a decrease of 80 bps, as compared to Q2'2023, due primarily to higher manufacturing ...