Energy Recovery, Inc. (ERII) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.116 Good day, ladies and gentlemen, and welcome to Energy Recovery's fourth quarter 00:00:05.116 -- 00:00:07.659 and full year 2025 00:00:07.659 -- 00:00:09.999 earnings call. 00:00:10.041 -- 00:00:15.667 During today's call, Energy Recovery may make projections and other forward-looking statements 00:00:15.667 -- 00:00:21.132 under the safe harbor provisions contained in the Private Security Litigation Reform 00:00:21.132 -- 00:00:22.834 Act of 1995 00:00:22.834 -- 00:00:27.368 regarding future events or the future financial performance of the company. 00:00:27.368 -- 00:00:33.515 These statements may discuss our business, economic and market outlook, growth expectations, 00:00:33.515 -- 00:00:38.921 new products and their performance, cost structure, and business strategy. 00:00:38.921 -- 00:00:43.346 Forward-looking statements are based on information currently available to the company 00:00:43.346 -- 00:00:48.552 and on management's beliefs, assumptions, estimates, and projections. 00:00:48.552 -- 00:00:53.117 Forward-looking statements are not guarantees of future performance and are subject to 00:00:53.117 -- 00:00:57.018 certain risks, uncertainties, and other factors. 00:00:57.018 -- 00:01:02.307 We refer you to the documents the company files from time to time with the SEC, specifically 00:01:02.307 -- 00:01:07.335 the company's annual Form 10-K and quarterly Form 10-Q. 00:01:07.335 -- 00:01:11.642 These documents identify important factors that could cause actual results to differ 00:01:11.642 -- 00:01:16.350 materially from those contained in our projections or forward-looking statements. 00:01:16.350 -- 00:01:21.358 All statements made during this call are made only as of today, February 25, 00:01:21.358 -- 00:01:23.358 202...