NASDAQ:ERII - Nasdaq - US29270J1007 - Common Stock - Currency: USD
Let’s dig into the relative performance of Watts Water Technologies (NYSE:WTS) and its peers as we unravel the now-completed Q4 water infrastructure earnings season.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn as the industry has shed 6.2% over the past six months. This performance was discouraging since the S&P 500 stood firm.
Energy recovery device manufacturer Energy Recovery (NASDAQ:ERII) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 17.3% year on year to $67.08 million. Its non-GAAP profit of $0.50 per share was 24% above analysts’ consensus estimates.
Energy recovery device manufacturer Energy Recovery (NASDAQ:ERII) will be reporting results tomorrow afternoon. Here’s what you need to know.
ITT roughly doubled in 17 months, from a 75.82 close on May 31, 2023 to a 153.99 high on Oct. 15 this month.