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.

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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.

CECO (CECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CECO Environmental (CECO) Earnings Expected to Grow: Should You Buy?

DALLAS, July 16, 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 second quarter 2024 financial results on July 30, 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 Second Quarter Earnings and Host Conference Call on July 30

DALLAS, May 13, 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 Todd Gleason, Chief Executive Officer, and Peter Johansson, Chief Financial and Strategy Officer, will present at the following investor conferences: May 23, 2024 – TD Cowen 2nd Annual Sustainability Week. May 29, 2024 – The 21st Annual Craig-Hallum Institutional Investor Conference in Minneapolis.

CECO Environmental Announces Upcoming Investor Conferences

CECO Environmental Corp. (NASDAQ:CECO ) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Steven Hooser - IR Todd Gleason - President & CEO Peter Johansson - Chief Financial & Strategy Officer Conference Call Participants Aaron Spychalla - Craig Hallam Capital Group Rob Brown - Lake Street Capital Markets Gerry Sweeney - Roth Chris Grenga - Needleman and Company Bobby Brooks - Northern Capital Markets Amit Dayal - H.C. Wainwright Operator Good morning, and welcome to the CECO Environmental First Quarter 2024 Earnings Conference Call.

CECO Environmental Corp. (CECO) Q1 2024 Earnings Call Transcript

CECO Environmental (CECO) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.10 per share a year ago.

CECO Environmental (CECO) Q1 Earnings Meet Estimates

Reports Record First Quarter Revenue and Gross Margins, Near Record Backlog Reaffirms Full Year 2024 Guidance DALLAS, April 30, 2024 (GLOBE NEWSWIRE) -- 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 first quarter results of 2024. First Quarter Summary (1) Orders of $145.3 million Backlog of $389.5 million, up 9 percent Revenue of $126.3 million, up 12 percent Net income of $1.5 million, down 25 percent; non-GAAP net income of $4.0 million, up 11 percent GAAP EPS (diluted) of $0.04; non-GAAP EPS (diluted) of $0.11 Adjusted EBITDA of $13.2 million, up 36 percent Free cash flow of $(1.9) million, up $12.6 million (1) All comparisons are versus the comparable prior year period, unless otherwise stated.

CECO Environmental Reports First Quarter 2024 Results

DALLAS, April 16, 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 first quarter 2024 financial results on April 30, 2024, premarket. The Company will also host its earnings call starting at 8:30 a.m.

CECO Environmental to Release First Quarter Earnings and Host Conference Call on April 30

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DALLAS, March 11, 2024 (GLOBE NEWSWIRE) -- CEC O E n v i r o n m e n t al C or p . ( N as d a q : 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 participate in the 36th Annual ROTH Conference and host investor meetings throughout the day on Monday, March 18, 2024, at Dana Point, CA. The presentation will be available in the Events and Presentations section of CECO's Investor Relations website at https://investors.cecoenviro.com/news-events/events

Ceco Environmental to Participate in the 36th Annual Roth Conference on March 18

CECO Environmental Corp. (NASDAQ:CECO ) Q4 2023 Earnings Conference Call March 5, 2024 8:30 AM ET Company Participants Steven Hooser - IR Todd Gleason - President & CEO Peter Johansson - Chief Financial & Strategy Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Aaron Spychalla - Craig-Hallum Bobby Brooks - Northland Capital Markets Jim Ricchiuti - Needham and Company Bill Dezellem - Tieton Capital Management Amit Dayal - H.C. Wainwright Operator Good morning, and welcome to the CECO Environmental Conference Call.

CECO Environmental Corp. (CECO) Q4 2023 Earnings Call Transcript

Reports Q4 and Full Year Earnings with Multiple Financial Records Company Raises Full Year 2024 Guidance   DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- 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 2023. Highlights for the Quarter (1) Orders of $128.3 million Backlog of $370.9 million, up 19 percent Revenue of $153.7 million, up 32 percent Net income of $3.9 million, down 53 percent; non-GAAP net income of $10.1 million, up 36 percent GAAP EPS (diluted) of $0.11; non-GAAP EPS (diluted) of $0.28 Adjusted EBITDA of $19.4 million, up 49 percent Free cash flow of $12.2 million, up 36 percent Highlights for the Year (1) Orders of $582.8 million, up 11 percent Revenue of $544.8 million, up 29 percent Net income of $12.9 million, down 26 percent; non-GAAP net income of $26.6 million, up 3 percent GAAP EPS (diluted) of $0.37; non-GAAP EPS (diluted) of $0.75 Adjusted EBITDA of $57.7 million, up 37 percent Free cash flow of $36.2 million, up 33 percent (1) All comparisons are versus the comparable prior year period, unless otherwise stated.

CECO Environmental Reports Fourth Quarter and Full Year 2023 Results

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DALLAS, Feb. 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 announced that it will report its fourth quarter and full year 2023 financial results on March 5, 2024, premarket and will also host a webcast and conference call at 8:30 a.m. Eastern Time.

CECO Environmental to Release Fourth Quarter and Full Year 2023 Earnings and Host Conference Call on March 5, 2024

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DALLAS, Jan. 04, 2024 (GLOBE NEWSWIRE) -- CEC O E n v i r o n m e n t al C or p . ( N as d a q : 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, will present at the 26th Annual Needham Growth Conference on Wednesday, January 17th in New York. The presentation will be available in the Events and Presentations section of CECO's Investor Relations website at https://investors.cecoenviro.com/news-events/events

CECO Environmental to Present at the 26th Annual Needham Growth Conference on January 17

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CECO Environmental (CECO) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.20 per share a year ago.

CECO Environmental (CECO) Tops Q3 Earnings and Revenue Estimates

Record Revenue, Backlog, Gross Profit and Cash Flow Dollars Company Raises Full Year 2023 Outlook and Introduces 2024 Guidance  DALLAS , Nov. 7, 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 third quarter of 2023. Highlights for the Quarter (1) Orders of $145.5 million, up 43 percent; Record backlog of $394.0 million, up 42 percent Revenue of $149.4 million, up 38 percent; Net income of $3.3 million, up 74 percent; Non-GAAP net income of $7.6 million, up 7 percent Gross profit of $43.1 million, up 33 percent Adjusted EBITDA of $15.1 million, up 64 percent GAAP EPS (diluted) of $0.09, compared to $0.06; Non-GAAP EPS (diluted) of $0.22, compared to $0.20   (1) All comparisons are versus the comparable prior year period, unless otherwise stated.

CECO ENVIRONMENTAL REPORTS THIRD QUARTER 2023 RESULTS

DALLAS , Nov. 2, 2023 /PRNewswire/ -- CEC O Environmental Corp.  ( N asdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced its investor conference schedule for November 2023: Nov. 9, 2023 – The Baird's Global Industrial Conference Peter Johansson, Chief Financial & Strategy Officer Chicago - 1:45 pm CT presentation and conducting meetings throughout the day. Nov. 15, 2023 – The 15th Annual Southwest IDEAS Conference Todd Gleason, Chief Executive Officer Dallas – 8:00 am CT presentation and conducting meetings throughout the day.

CECO ENVIRONMENTAL ANNOUNCES INVESTOR CONFERENCE SCHEDULE FOR NOVEMBER 2023

DALLAS , Oct. 23, 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 third quarter 2023 financial results on November 7, 2023, premarket and will also host its earnings call starting at 8:30 a.m. Eastern Time.

CECO ENVIRONMENTAL TO RELEASE THIRD QUARTER 2023 EARNINGS AND HOST CONFERENCE CALL ON NOVEMBER 7, 2023

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The environmental engineering specialist closed its most recent asset buy. It is now the proud owner of a complementary business, Kemco Systems.

Why Ceco Environmental Stock Topped the Market Today

DALLAS , Sept. 13, 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 that on Aug. 23, 2023, it completed the acquisition of Kemco Systems, Co. LLC (Kemco), a Florida-based company that specializes in the design, manufacturing and support of custom-engineered industrial water recycling and energy conservation solutions for North American industrial markets.

CECO Environmental Raises Full Year 2023 Outlook, Announces Acquisition of Kemco Systems, a Leader in Industrial Water Recycling and Energy Conservation Solutions

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