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.

DALLAS , Sept. 11, 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 Laurie A.

CECO Environmental Announces Appointment of Laurie A. Siegel to its Board of Directors

DALLAS , Sept. 5, 2023 /PRNewswire/ -- CEC O Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced that Peter Johansson, Chief Financial and Strategy Officer will present and host one-on-one meetings at the Lake Street 7th Annual Best IDEAS Growth Conference on September 14 in New York.

CECO ENVIRONMENTAL TO PRESENT AT THE LAKE STREET 7TH ANNUAL BEST IDEAS GROWTH CONFERENCE

CECO Environmental Corp. has reported record-high orders, revenue, gross profit, and backlog in its Q2 2023 earnings results. The company has raised its forecast for FY 2023 for the third time, citing increased focus on short-sale cycle projects as a driver for growth. Investors should remain cautious of increased leverage and a decrease in YoY cash flow.

CECO Environmental: Increases FY 2023 Guidance For The Third Time

DALLAS , Aug. 14, 2023 /PRNewswire/ -- CEC O 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 and host one-on-one meetings at the Midwest IDEAS Conference on Aug. 24 in Chicago. The presentation can be accessed on the Midwest IDEAS conference portal for registered participants and on the IDEAS conference website www.IDEASconferences.com.

CECO ENVIRONMENTAL TO PRESENT AT THE MIDWEST IDEAS CONFERENCE

CECO Environmental Corp. (NASDAQ:CECO ) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Steven Hooser - Investor Relations Todd Gleason - President and Chief Executive Officer Peter Johansson - Chief Financial and Strategy Officer Conference Call Participants Robert Brown - Lake Street Capital Markets Aaron Spychalla - Craig-Hallum James Ricchiuti - Needham & Company Amit Dayal - H.C. Wainright Bill Dezellem - Tieton Capital Management LLC Operator Good morning, and welcome to the CECO Environmental Conference Call.

CECO Environmental Corp. (CECO) Q2 2023 Earnings Call Transcript

Ceco beat top-line expectations for the quarter and raised full-year revenue guidance. The company finished the quarter with a record backlog.

Why Ceco Environmental Stock Is Soaring Today

CECO Environmental (CECO) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.18 per share a year ago.

CECO Environmental (CECO) Q2 Earnings Lag Estimates

Record Orders, Revenue, Backlog, Gross Profit and Adjusted EBITDA Company Raises Full Year 2023 Outlook DALLAS , Aug. 8, 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 second quarter of 2023. Highlights for the Quarter (1) Orders of $162.9 million, up 44 percent; Record backlog of $391.0 million, up 35 percent Revenue of $129.2 million, up 23 percent; Net income of $3.7 million, compared to $4.4 million; Non-GAAP net income of $5.2 million, compared to $6.4 million GAAP EPS (diluted) of $0.11, compared to $0.13; Non-GAAP EPS (diluted) of $0.15, compared to $0.18 Gross profit of $39.8 million, up 26 percent to 30.8 percent, up 70 bps Adjusted EBITDA of $13.7 million, up 29 percent Book-to-bill ratio of 1.26 (1)  All comparisons are versus the comparable prior year period, unless otherwise stated.

CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2023 RESULTS

DALLAS , July 25, 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 second quarter 2023 financial results on August 8, 2023, premarket and will also host its earnings call starting at 8:30 a.m. Eastern Time.

CECO ENVIRONMENTAL TO RELEASE SECOND QUARTER 2023 EARNINGS AND HOST CONFERENCE CALL ON AUGUST 8, 2023

DALLAS , July 5, 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 was added as a member of the US small-cap Russell 2000 Index maintained by FTSE Russell effective after the U.S. market opens today as part of the 2023 Russell Index's annual reconstitution. "It's an honor to be added to the Russell index which validates the potential we believe investors see in CECO Environmental as we entered 2023 with record backlog and strong momentum executing our growth model," said Todd Gleason, CEO of CECO Environmental.

CECO ENVIRONMENTAL ANNOUNCES INCLUSION IN RUSSELL 2000 INDEX

CECO Environmental continues to grow and transform its business, with two recent acquisitions and a strong Q1 result. The company has raised its full-year 2023 guidance, expecting revenue to exceed $485 million and adjusted EBITDA to exceed $50 million. With buy ratings across the board and a record backlog, CECO is likely to outperform in the coming years, despite potential risks from a severe recession or macroeconomic uncertainty.

CECO Environmental: Cleaning Up And Growing Up

DALLAS , May 25, 2023 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECO), today announces that Todd Gleason, Chief Executive Officer, and Peter Johansson, Chief Financial and Strategy Officer, will present at the following investor conferences: May 31, 2023 – The 20th Annual Craig-Hallum Institutional Investor Conference in Minneapolis. June 20-22, 2023 – The ROTH MKM 9th Annual London Conference, in London, UK.

CECO ENVIRONMENTAL ANNOUNCES UPCOMING INVESTOR CONFERENCES

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CECO Environmental Corp. (NASDAQ:CECO ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Steven Hooser - Investor Relations Todd Gleason - Chief Executive Officer & Member of Board Peter Johansson - Chief Financial Officer & Strategy Officer Ramesh Nuggihalli - Chief Operating Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Rob Brown - Lake Street Capital Markets Jim Ricchiuti - Needham & Company Sameer Joshi - H.C. Wainwright Operator Good morning and welcome to the CECO Environmental First Quarter 2023 Earnings Call.

CECO Environmental Corp. (CECO) Q1 2023 Earnings Call Transcript

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OI and CECO made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 12, 2023.

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Investors with an interest in Pollution Control stocks have likely encountered both CECO Environmental (CECO) and Casella (CWST). But which of these two stocks offers value investors a better bang for their buck right now?

CECO or CWST: Which Is the Better Value Stock Right Now?

Strong Orders Establish Record Backlog, Supports Sustained Revenue Growth Company Raises Full Year 2023 Outlook DALLAS , May 9, 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 first quarter of 2023. Highlights for the Quarter (1) Orders of $146.1 million, compared with $160.9 million; Record backlog of $356.1 million, up 26 percent; Record first quarter revenue of $112.6 million, up 22 percent; Net income of $2.0 million, compared with $2.8 million; non-GAAP net income of $3.6 million, compared to $5.0 million GAAP EPS (diluted) of $0.06, compared with $0.08; non-GAAP EPS (diluted) of $0.10, compared to $0.14 Adjusted EBITDA of $9.7 million, compared with $9.5 million (1) All comparisons are versus the comparable prior year period, unless otherwise stated.

CECO ENVIRONMENTAL REPORTS FIRST QUARTER 2023 RESULTS

DALLAS , April 24, 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 first quarter 2023 financial results on May 9, 2023, 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 MAY 9

The company has recently acquired Transcend Solutions which deals in designing and manufacturing process filtration solutions & applications in hydrocarbon and chemical processing. I believe this acquisition can act as a primary catalyst to boost the company's growth in the next few years.

CECO Environmental: Buy This Hidden Gem For Upside Potential

DALLAS , April 3, 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 Transcend Solutions, LLC ("Transcend"), a Houston-based process filtration solution design and manufacturing company with applications in hydrocarbon and chemical processing. The addition of Transcend to CECO's Separation and Filtration business platform advances CECO's capability to offer customers around the world a turnkey performance-enhancing engineered solution for process fluid separation and filtration in a wide range of high-performance applications.

CECO Environmental Expands Filtration Capabilities with Acquisition of Houston-Based Transcend Solutions

The average brokerage recommendation (ABR) for CECO (CECO) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable.

CECO (CECO) Is Considered a Good Investment by Brokers: Is That True?

CECO Environmental Corp. (NASDAQ:CECO ) Q4 2022 Earnings Conference Call Transcript March 6, 2023 8:30 AM ET Company Participants Steven Hooser - IR Todd Gleason - CEO Peter Johansson - Chief Financial and Strategy Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Capital James Ricchiuti - Needham & Company Robert Brown - Lake Street Capital Amit Dayal - H.C. Wainwright William Dezellem - Tieton Capital Gerard Sweeney - ROTH MKM Partners Operator Good morning and welcome to the CECO Environmental Fourth Quarter 2022 Earnings Conference Call.

CECO Environmental Corp. (CECO) Q4 2022 Earnings Call Transcript

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