Energy Recovery, Inc. (NASDAQ:ERII) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET

Company Participants

James Siccardi - Vice President, Investor Relations

Bob Mao - Chairman, President and CEO

Joshua Ballard - Chief Financial Officer

Conference Call Participants

Neil Thompsons - Family Securities

Wally Walker - Hana Road Capital

Operator

Greetings. And welcome to Energy Recovery Second Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]

As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, James Siccardi, Vice President, Investor Relations. Please go ahead, sir.

James Siccardi

Hello, everyone. And welcome to Energy Recovery’s 2022 second quarter earnings conference call. My name is Jim Siccardi, Vice President of Investor Relations at Energy Recovery. 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 the 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 or forward-looking statements.

All statements made during this call are made only as of today, August 3, 2022, 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 are all hearing a lot of negative global and domestic economic use. Inflation is high. There is war in Europe and we may already be in recession.