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Income: Q1 revenues were in line with expectations.
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Profitability: Profitability in accordance with the expectations of a weighted year Back-End year.
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Desalination activity: Stay strong and on the right track for the year.
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Price impact: Initiatives in place to compensate for the majority of the impact of net prices.
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CO2 business: On the right track with progress towards complete marketing.
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OEM integration: Three OEMs integrating the PX in rack conceptions with test sites expected for the summer.
Release date: 07 May 2025
For the complete transcription of the gains call, please refer to the full transcription of the gains call.
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Energy Recovery Inc (NASDAQ: ERII) said that the first quarter results in accordance with income and profitability expectations.
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The desalination activity remains strong and on the right track for the year, with a robust pipeline in the Middle East and North Africa.
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The company clearly makes progress towards the complete marketing of its CO2 activities, three OEMs integrating the PX in their conceptions.
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Energy Recovery Inc (NASDAQ: ERII) has managed to mitigate most pricing impacts and works on additional options to compensate for the rest.
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The collaboration with Hillphoenix is ​​progressing well, with a potential for relationships with multifaceted customers in retail and industrial sales areas.
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Energy Recovery Inc (Nasdaq: ERII) is directly affected by the prices, which have increased in the scope and the magnitude.
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A mega project order worth $ 2 million has been shipped but not recorded as a first quarter income, which concerns the financial results of the quarter.
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The company is faced with challenges in the compensation of lost income from China due to prices, with efforts to find alternative markets still in progress.
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There is uncertainty about the creation of international production facilities, with potential quality concerns if manufacturing is moved.
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The wastewater segment faces challenges, the advice held despite the potential impacts of Chinese market income.
Q: Could you provide information on the desalination market, in particular with regard to geographies of interest and macroeconomic impacts? A: David Moon, president and chief executive officer, said that despite a more difficult macro backdrop, the desalination market remains solid. The pipeline and the quotation activities are robust, with a particular accent on the Middle East and North Africa.
Q: Regarding the mega order of the project sent but not recognized as income in the first quarter, what was its impact on income and the gross margin? A: Michael Mancini, financial director, said that the order was relatively low, amounting to around $ 2 million.
