Energy Recovery Announces New Share Repurchase Program
•New $25 million repurchase follows two earlier programs for a total of $105 million between November 2024 and August 2025
◦$50 million share repurchase announced in November 2024 was completed in Q4 2024
◦$30 million share repurchase announced in February 2025 is nearing completion
•Board authorization reflects continued strong cash generation and confidence in the company's ability to fund growth while returning capital efficiently
SAN LEANDRO, Calif. - Aug. 6, 2025 - Energy Recovery, Inc. (Nasdaq: ERII) today announced its Board of Directors approved a share repurchase program to purchase up to $25 million of the company's outstanding common stock over the next 12 months, beginning in August 2025.
The new program is in addition to two share repurchase programs announced in the last twelve months. The $50 million share repurchase program announced in November was completed in Q4 2024. Under this program, the company repurchased 3.2 million shares for an average price of $15.39 per share. The $30 million share repurchase program announced in February remains ongoing. Under this program, the company repurchased 1.6 million shares in the first half of 2025 at an average price of $13.87 per share. On a combined basis, the company repurchased 4.8 million shares at an average price of $14.90 per share.
"Our growth strategy continues to deliver, generating more cash than we need to reinvest in order to execute our long-term plan. This repurchase reflects our confidence in that plan and the strength of our operations," said David Moon, Energy Recovery President and CEO.
Under the newly authorized repurchase program, purchases of shares of common stock may be made from time to time through open market trades, block trades and/or privately negotiated transactions, in compliance with applicable state and federal securities laws. The timing and amounts of any purchases will be at management's discretion and depend on a variety of factors, including business, economic, and market conditions, regulatory requirements, prevailing stock prices, and other considerations. The share repurchase program does not obligate the company to acquire any specific number of shares in any period, and may be expanded, extended, modified, or discontinued at any time without prior notice.
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ERI - Energy Recovery Inc. published this content on August 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 06, 2025 at 21:11 UTC.
