ERI flaunts its profits ahead of IPO
- From: Vol 9, Issue 4 (April 2008)
- Category: General
- Region: Americas
- Country:
- Related Companies: Acciona Water (formerly Pridesa), Doosan Heavy Industries, Energy Recovery Inc and GE Ionics
The energy recovery device maker is heading for NASDAQ. Its filings shed some interesting light on the company.
Energy Recovery Inc., the Californian desalination equipment supplier, has started the registration process for an initial public offering on NASDAQ. The filings reveal that the company made an operating profit of $9.3 million on revenues of $35.4 million in 2007 (giving a 26.3% operating margin).
While most desalination plant suppliers struggle to deliver margins in the high ...
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