Energy Recovery, Inc. (NASDAQ:ERII) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET
Company Participants
Jim Siccardi - Vice President of Investor Relations
Bob Mao - Chairman, President & Chief Executive Officer
Joshua Ballard - Chief Financial Officer
Conference Call Participants
Graham Price - Raymond James
Nils Thommesen - Fearnley Securities
Ryan Pfingst - B. Riley Securities
Wally Walker - Hana Road Capital
Operator
Greetings, and welcome to Energy Recovery Fourth Quarter and Full year 2022 Conference Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Jim Siccardi, Vice President of Investor Relations. Thank you, Jim. You may begin.
Jim Siccardi
Hello, everyone, and welcome to Energy Recovery's 2022 fourth quarter earnings conference call. My name is Jim Siccardi, Vice President of Investor Relations at Energy Recovery. And I am here today with our Chairman, President and Chief Executive Officer, Bob Mao and our Chief Financial Officer, Joshua Ballard.
During today's call, we may make projections and other forward-looking statements under the Safe Harbor provisions contained in the Private Securities Litigation Reform Act of 1995 regarding future events or the future financial performance of the company. These statements may discuss our business, economic and market outlook, growth expectations, new products and their performance, cost structure and business strategy.
Forward-looking statements are based on information currently available to us and on management's beliefs, assumptions, estimates or projections. Forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors.
We refer you to documents the company files from time to time with the SEC, specifically the company's Form 10-K and Form 10-Q. These documents identify important factors that could cause actual results to differ materially from those contained in our projections of forward-looking statements. All statements made during this call are made only as of today, February 22, 2023 and the company expressly disclaims any intent or obligation to update any forward-looking statements made during this call to reflect subsequent events or circumstances, unless otherwise required by law.
At this point, I will turn the call over to our Chairman, President and Chief Executive Officer, Bob Mao.
Bob Mao
Thank you, Jim. And thank you everyone for joining us. We had one of the best years in Energy Recovery’s history in 2022. Let’s recap for a moment. 21% organic topline growth, while winning 100% of the mega projects tendered and awarded in 2022. Industrial wastewater exceeded guidance and almost quadrupled 2021 revenue.