Energy Recovery (ERII) Earnings Call Presentation

Growth Strategy & Vision - Energy Recovery will focus on desalination, wastewater, and CO2 refrigeration markets[14, 183] - The company aims for disciplined and profitable growth, focusing on core strength in pressure exchangers[16, 185] - Energy Recovery projects a revenue CAGR of 12%-15% from 2024 to 2029[30, 172] Financial Targets & Projections - The company anticipates total revenue between $140 million and $150 million for 2024[163] - Energy Recovery forecasts total revenue between $152 million and $164 million for 2025, representing 9%-10% growth over 2024[164] - The company targets total revenue between $166 million and $183 million for 2026, a 10% growth[165] - By 2029, Energy Recovery aims for total revenue between $255 million and $295 million, with a gross margin of 68%+[47, 172] Key Initiatives - Energy Recovery is executing a 30% reduction in salaried staff focused on non-growth related roles, representing $5 million in net annual savings[44, 45] - The company is launching a $50 million open market share repurchase program[178] - Energy Recovery aims to reduce Q400 desalination product costs by 10% annually from 2025 to 2027[46, 74, 79]