Energy Recovery, Inc. (NASDAQ:ERII) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET

Company Participants

Jim Siccardi - Vice President of Investor Relations

Pamela Tondreau - Chairperson of the Board

David Moon - Interim President & Chief Executive Officer

Joshua Ballard - Chief Financial Officer

Conference Call Participants

Pavel Molchanov - Raymond James

Ryan Pfingst - B. Riley

Wally Walker - Hana Road Capital

Operator

Greetings. Welcome to the Energy Recovery 3Q 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host Jim Siccardi, Vice President of Investor Relations. You may begin.

Jim Siccardi

Hello, everyone, and welcome to Energy Recovery's 2023 Third Quarter Earnings Conference Call. My name is Jim Siccardi, Vice President of Investor Relations at Energy Recovery. And I'm here today with our Chairperson of the Board, Pamela Tondreau; Interim President and Chief Executive Officer, David Moon; 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 or forward-looking statements.

All statements made during this call are made only as of today November 1, 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 Chairperson Pamela Tondreau.

Pamela Tondreau

Thank you, Jim, and thank you everyone for joining us today. Last Tuesday, October 24, my fellow directors and I appointed David Moon as interim Chief Executive Officer of Energy Recovery. Bob Mao will remain a member of the Board and I want to thank him for his many contributions advancing our business. Over the last several years, we have introduced our PX G and created a tremendous opportunity in CO2, built an established and growing business in wastewater and launched a family of new products to grow that business.