SAN LEANDRO, Calif. (AP) — SAN LEANDRO, Calif. (AP) — Energy Recovery Inc. (ERII) on Wednesday reported net income of $19.8 million in its fourth quarter.
The San Leandro, California-based company said it had net income of 34 cents per share. Earnings, adjusted for stock option expense, came to 39 cents per share.
The maker of energy recovery devices posted revenue of $57.2 million in the period.
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For the year, the company reported profit of $21.5 million, or 37 cents per share. Revenue was reported as $128.3 million.
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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