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

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

While acquired assets are likely to have buoyed CECO Environmental's (CECO) Q4 earnings, supply-chain issues and cost inflation might have weighed on performance.

What's in Store for CECO Environmental (CECO) in Q4 Earnings?

CECO (CECO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

CECO Environmental Corp. (CECO) Hits Fresh High: Is There Still Room to Run?

Here is how CECO Environmental (CECO) and Graphic Packaging (GPK) have performed compared to their sector so far this year.

Are Industrial Products Stocks Lagging CECO Environmental (CECO) This Year?

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

Here is how CECO Environmental (CECO) and Fuel Tech, Inc. (FTEK) have performed compared to their sector so far this year.

Is CECO Environmental (CECO) Stock Outpacing Its Industrial Products Peers This Year?

CECO Environmental Corp. (CECO) Hit a 52 Week High, Can the Run Continue?

CECO's fourth quarter earnings report is due early March, expecting orders to grow YoY by over 60% to more than $145 million, with a project backlog and sales pipeline of over $2 billion. Over the last three years, the new management team has transformed CECO, growing organically and through M&As with a focus on more profitable short-cycle project business, and increasing shareholder value.

CECO Environmental: Focused On More Profitable Short-Cycle Project Business

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.

Wall Street Analysts See CECO (CECO) as a Buy: Should You Invest?

CECO (CECO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

CECO (CECO) Moves to Buy: Rationale Behind the Upgrade

Casella Waste Systems

CECO vs. CWST: Which Stock Is the Better Value Option?

CECO vs. CWST: Which Stock Should Value Investors Buy Now?

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

Donaldson

CECO vs. DCI: Which Stock Is the Better Value Option?

Fuel Tech

Heritage-Crystal Clean

Tetra Tech

The Zacks Pollution Control industry's near-term prospects appear rosy on strong demand for pollution-abatement products, thanks to rapid urbanization. TTEK, HCCI, CECO and FTEK are poised to capitalize on this buoyant scenario.

4 Top Stocks From the Flourishing Pollution Control Industry

Archer-Daniels-Midland Company

Applied Industrial Technologies

Cal-Maine Foods

e.l.f. Beauty

Thanksgiving week should be bullish for the stock market. Hence, invest in growth players like e.l.f.

Wall Street Tends to Rise in Thanksgiving Week: 5 Growth Picks

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is CECO Environmental (CECO) Stock Undervalued Right Now?

The mean of analysts' price targets for CECO (CECO) points to a 31.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe CECO (CECO) Could Rally 32%: Here's is How to Trade

CECO (CECO) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

CECO (CECO) Shows Fast-paced Momentum But Is Still a Bargain Stock

CECO vs. DCI: Which Stock Should Value Investors Buy Now?

DALLAS , Nov. 9, 2022 /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 will present at Southwest IDEAS Conference on Wednesday, Nov. 16, 2022, at 10:15 AM Central Time, held at the Westin Dallas Downtown, located at 1201 Main Street. Management will also be hosting one-on-one meetings with investors throughout the day.

CECO Environmental to Present at the Southwest IDEAS Investor Conference on November 16, 2022

CECO Environmental Corp. (NASDAQ:CECO ) Q3 2022 Earnings Conference Call November 7, 2022 8:30 AM ET Company Participants Steven Hooser - IR Todd Gleason - CEO Peter Johansson - Chief Financial and Strategy Officer, Conference Call Participants Amit Dayal - H.C. Wainwright Rob Brown - Lake Street Capital Markets Jim Ricchiuti - Needham & Company Aaron Spychalla - Craig Hallum.

News for CECO Environmental Corp Stock (CECO)