Energy Recovery Inc. (ERII) on Wednesday reported first-quarter net income of $7.9 million.
The San Leandro, California-based company said it had net income of 14 cents per share. Earnings, adjusted for stock option expense, came to 16 cents per share.
The maker of energy recovery devices posted revenue of $32.5 million in the period.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERII at https://www.zacks.com/ap/ERII