CECO Environmental Corp

CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions and Fluid Handling Solutions. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries. The Industrial Solutions segment serves the industrial pollution control market. The Fluid Handling Solutions segment provides pump and filtration solutions that maintain safe and clean operations in some of the most harsh and toxic environments. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Dallas, TX.

Earnings data Q3 2022

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CECO reports record Q2 performance and raises full-year guidance

CECO Environmental Corp (CECO) delivered a strong Q2 2024 performance with record sales, profit, and guidance raises, positioning the company for continued growth.
While facing challenges in order volumes and potential revenue delays, CECO's strategic strengths in backlog, acquisitions, and profitability provide a solid foundation for future success.
Opportunities lie in strategic acquisitions, revenue growth, and operational optimization, allowing CECO to capitalize on market demand and drive sustainable expansion.
Overall, CECO's financial outlook remains positive, supported by its operational efficiency, market positioning, and proactive growth strategies.

CECO Environmental Corp reports record orders and strategic acquisitions for growth

CECO navigated through softer Q3 revenues with a strong order backlog and strategic acquisitions positioning for future growth.
Improvements in gross profit margin and adjusted EBITDA margin demonstrate operational efficiency and profitability enhancements.
Despite challenges from customer delays and integration risks, CECO's outlook for 2025 remains optimistic with a focus on growth and margin expansion.

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CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions and Fluid Handling Solutions. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries. The Industrial Solutions segment serves the industrial pollution control market. The Fluid Handling Solutions segment provides pump and filtration solutions that maintain safe and clean operations in some of the most harsh and toxic environments. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Addison, TX.

NEW YORK, NY / ACCESSWIRE / December 15, 2024 / Pomerantz LLP is investigating claims on behalf of investors of CECO Environmental Corp. ("CECO" or the "Company") (NASDAQ: CECO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CECO Environmental Corp. - CECO

Profire Energy

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Profire Energy, Inc. (NasdaqCM: PFIE) to CECO Environmental Corp. (NasdaqGS: CECO). Under the terms of the proposed transaction, shareholders of Profire will receive $2.55 in cash for each share of Profire that they own. KSF is seeking to determine whether this consideration and the process that led to it are.

PROFIRE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Profire Energy, Inc. - PFIE

ADDISON, Texas, Dec. 05, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) (together with its consolidated subsidiaries and affiliates, “CECO”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), applicable to CECO's tender offer for Profire Energy, Inc. (Nasdaq: PFIE) (“PFIE”) expired at 11:59 p.m., Eastern Time, on November 15, 2024.

CECO Environmental Announces Expiration of HSR Waiting Period

ADDISON, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) (together with its consolidated subsidiaries and affiliates, “CECO”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, announced today that its affiliate, Combustion Merger Sub, Inc. (“Purchaser”), commenced the previously announced cash tender offer for all of the issued and outstanding shares of common stock of Profire Energy, Inc. (Nasdaq: PFIE) (“PFIE” or the “Company”) at a price of $2.55 per share, net to the seller, in cash, without interest and less applicable withholding taxes. The tender offer is being made pursuant to the merger agreement (the “Merger Agreement”) executed on October 28, 2024 and announced by CECO and PFIE on October 29, 2024, under which Purchaser agreed to acquire PFIE in a transaction valued at approximately $125 million. Purchaser is a wholly owned subsidiary of CECO.

CECO Environmental Announces Commencement of the Tender Offer for All Outstanding Shares of Profire Energy

NEW YORK, NY / ACCESSWIRE / November 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

CECO ACTIVE INVESTIGATION: Contact Levi & Korsinsky if you lost money on your CECO Environmental Corp. investment

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NEW YORK, NY / ACCESSWIRE / November 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

Lost Money on CECO Environmental Corp. (CECO)? You May Have Been Affected by Fraud - Contact Levi & Korsinsky

NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

Levi & Korsinsky Announces an Investigation on Behalf of CECO Environmental Corp. (CECO) Shareholders Who May Have Been Affected by Fraud

NEW YORK, NY / ACCESSWIRE / November 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

CECO Environmental Corp. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details- CECO

NEW YORK, NY / ACCESSWIRE / November 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

CECO Environmental Corp. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - CECO

NEW YORK, NY / ACCESSWIRE / November 8, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

Did CECO Environmental Corp. Mislead Investors? Shareholder Rights Advocates at Levi & Korsinsky Investigate - CECO

NEW YORK, NY / ACCESSWIRE / November 6, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

CECO Environmental Corp. Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - CECO

An Investigation Has Commenced on Behalf of CECO Environmental Corp. Shareholders. Contact Levi & Korsinsky to Discuss your CECO Losses.

NEW YORK, NY / ACCESSWIRE / November 4, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws. On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024.

CECO Environmental Corp. Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights – CECO

CECO Environmental has seen incredible operating momentum in recent years, aided by a recalibrated strategy. The company is guiding for continued growth and pursuing a sizeable M&A deal here. I like this momentum, yet expectations have risen quite a bit, certainly if we consider lagging earnings growth.

CECO Environmental: Interesting Times As Expectations Rise

CECO Environmental Corp. (NASDAQ:CECO ) Q3 2024 Results Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Steven Hooser - Investor Relations, Three Part Advisors, LLC Todd Gleason - Chief Executive Officer Peter Johansson - Chief Financial and Strategy Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Aaron Spychalla - Craig-Hallum Capital Group Gerard Sweeney - ROTH-MKM Jim Ricchiuti - Needham & Company Bobby Brooks - Northland Capital Markets Sameer Joshi - H.C. Wainwright & Co., LLC Operator Good morning.

CECO Environmental Corp. (CECO) Q3 2024 Earnings Call Transcript

CECO Environmental (CECO) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.22 per share a year ago.

CECO Environmental (CECO) Q3 Earnings and Revenues Lag Estimates

Company Produces Record Q3 Bookings and Highest-Ever Backlog Q3 Revenue and Income Impacted by Customer-Driven Project Delays Announced the Acquisition of Profire Energy (Nasdaq: PFIE) for $125 Million Completed Acquisition of WK, in Early October Updates FY24 Guidance and Introduces 2025 Outlook

CECO Environmental Reports Third Quarter 2024 Results

DALLAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, has announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility. This expansion from the existing $246 million aggregate capacity underscores CECO's strategic commitment to strengthening its financial resources in pursuit of both organic and inorganic growth.

CECO Environmental Upsizes Credit Facility to $400 Million

DALLAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced that it will report its third quarter 2024 financial results on October 29, 2024, premarket. The Company will also host its earnings call starting at 8:30 a.m. Eastern Time (7:30 a.m. CT). The Company's financial results and presentation will be posted on its website at www.cecoenviro.com.

CECO Environmental to Release Third Quarter Earnings and Host Conference Call on October 29

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DALLAS, Aug. 19, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announces that CECO Management will present at the following investor conferences:

CECO Environmental Announces Upcoming Investor Conferences

CECO Environmental Corp. (NASDAQ:CECO ) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Steven Hooser - Investor Relations Todd Gleason - Chief Executive Officer Peter Johansson - Chief Financial & Strategy Officer Conference Call Participants Aaron Spychalla - Craig Hallam Capital Group Rob Brown - Lake Street Capital Markets Gerry Sweeney - Roth Jim Ricchiuti - Needham and Company Bobby Brooks - Northland Capital Markets Amit Dayal - H.C. Wainwright Operator Good morning, and welcome to the CECO Environmental Second Quarter 2024 Earnings Conference Call.

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