Energy Recovery(ERII) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Energy Recovery Reports its Third Quarter 2024 Financial Results SAN LEANDRO, Calif. - October 30, 2024 – Energy Recovery, Inc. (Nasdaq:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the third quarter and nine months ended September 30, 2024. Third Quarter Highlights • Revenue of $38.6 million, reaching the upper end of our guidance of $35 - $39 million. • Gross margin of 65.1%, a decrease of 480 bps, as compared to Q3'2023, due primarily to higher manufact ...