Energy Recovery Full Year 2024 Earnings: EPS Misses Expectations
Energy Recovery (NASDAQ:ERII) Full Year 2024 Results
Key Financial Results
- Revenue: US$144.9m (up 13% from FY 2023).
- Net income: US$23.1m (up 7.2% from FY 2023).
- Profit margin: 16% (in line with FY 2023).
- EPS: US$0.40 (up from US$0.38 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Energy Recovery EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are down 2.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Energy Recovery that we have uncovered.
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