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.

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Strong Fourth Quarter Results Capstone High Growth, Transformational Full Year 2022 Company Raises Full Year 2023 Outlook Off Record Backlog Levels DALLAS , March 6, 2023 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the fourth quarter and full year results of 2022. Highlights for the Quarter (1) Orders of $150.5 million, up 66 percent; Backlog of $311.7 million, up 46 percent Revenue of $116.4 million, up 24 percent Net income of $8.3 million, up $7.1 million; non-GAAP net income of $7.4 million, up $4.0 million GAAP EPS (diluted) of $0.24, up $0.21; non-GAAP EPS (diluted) of $0.21, up $0.11 Adjusted EBITDA of $13.0 million, up 38 percent Free cash flow of $9.0 million, up $6.8 million with 69% conversion from EBITDA Highlights for the Year (1) Orders of $526.6 million, up 46 percent Revenue of $422.6 million, up 30 percent Net income of $17.4 million, up $16.0 million; non-GAAP net income of $25.9 million, up $16.1 million GAAP EPS (diluted) of $0.50, up $0.46; non-GAAP EPS (diluted) of $0.74, up $0.46 Adjusted EBITDA of $42.2 million, up 65 percent Free cash flow of $27.2 million, up $15.9 million with 64% conversion from EBITDA (1) All comparisons are versus the comparable prior year period, unless otherwise stated.Reconciliations of GAAP (reported) to non-GAAP measures are in the attached financial tables.

CECO ENVIRONMENTAL REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS

DALLAS , March 2, 2023 /PRNewswire/ -- CEC O Environmental Corp. (Nasdaq: CECO), today announces that Peter Johansson, Chief Financial and Strategy Officer, will participate in the 35th Annual ROTH Conference and host investor meetings throughout the day on Monday, March 13, 2023, at Dana Point, CA. ABOUT CECO ENVIRONMENTAL CECO Environmental is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally providing innovative solutions and application expertise.

CECO ENVIRONMENTAL TO PARTICIPATE IN THE 35th ANNUAL ROTH CONFERENCE

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DALLAS , Feb. 21, 2023 /PRNewswire/ -- 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 fourth quarter and full year 2022 financial results on March 6, 2023, premarket. The Company will also host its earnings call starting at 8:30 a.m.

CECO ENVIRONMENTAL TO RELEASE FOURTH QUARTER AND FULL YEAR 2022 EARNINGS AND HOST CONFERENCE CALL ON MARCH 6

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DALLAS , Jan. 10, 2023 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today announced it has completed the acquisition of Wakefield Acoustics, Ltd. ("Wakefield"), a UK-based design and manufacturing firm specializing in advanced industrial, commercial and environmental noise control systems.

CECO Environmental Expands Industrial Offering with Acquisition of UK-Based Noise Control Technology Company

Increase of 60 Percent Compared to Prior Year Period and up 42 Percent Sequentially DALLAS , Jan. 10, 2023 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today announced it expects orders for the fourth quarter of 2022 to exceed $145 million, an increase of at least $55 million, or 60 percent, over the prior-year quarter and $43 million, or 42 percent, on a sequential basis, providing CECO with year-end backlog at or near record levels. "We are communicating CECO's strong fourth quarter 2022 orders ahead of our full earnings report in early March because we want to share the quantifiable uplift in orders and the steady market opportunities that currently exist for CECO," said Todd Gleason, Chief Executive Officer, CECO.

CECO ENVIRONMENTAL ANNOUNCES PRELIMINARY FOURTH QUARTER 2022 ORDERS OF AT LEAST $145 MILLION

This stock has seen a dramatic run while the broader market was declining doe most of the last year

Bull Of The Day: CECO Environmental (CECO)

DALLAS , Jan. 3, 2023 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced that Todd Gleason, Chief Executive Officer, and Peter Johansson, Chief Financial and Strategy Officer, will present at the 25th Annual Needham Growth Conference on Tuesday, Jan. 10 at 3:00 PM Eastern Time. Management will host one-on-one investor meetings throughout the day.

CECO ENVIRONMENTAL TO PRESENT AT THE 25th ANNUAL NEEDHAM GROWTH CONFERENCE ON JAN. 10

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News for CECO Environmental Corp Stock (CECO)