Feb. 23 at 6:36 PM
$ERII
ERII reported a solid third quarter, with revenue and adjusted EBITDA ahead of expectations with positive commentary around their opportunity to enter the CO2 market. However, in mid-November, they held an investor webinar and introduced five-year financial targets below expectations, with 2025 falling notably short. The company is executing a plan to drive
$5 million in cost savings and initiated a
$50 million share buyback."