Energy Recovery's Q3: Mixed Results & Future Outlook

Energy Recoverys Q3 earnings report, released on November twelfth, sparked investor concerns due to a revenue drop and reduced operating margin. The company attributed this to fewer large-scale project shipments and challenges with their carbon dioxide refrigeration technology. Despite this, Mega-project shipments improved, and wastewater segment revenue continued to recover. However, the carbon dioxide business is still in its infancy. Analysts questioned the timeline for commercial agreements, with Moon stating theyre likely in 2026 or later due to necessary field testing. Cost controls were clarified as separate from international expansion plans, indicating a focus on internal efficiency. Analysts will monitor wastewater segment progress, carbon dioxide technology testing, and cost discipline amidst global growth initiatives.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.