Ceco Environmental Corp Stock Price, News & Analysis

CECO Environmental Corp. (Nasdaq: CECO) will report its first quarter 2023 financial results on May 9, 2023, before the market opens. The earnings call will commence at 8:30 a.m. Eastern Time. Investors can access the results on the company's website and participate in the call via webcast or phone. CECO is focused on providing environmentally-friendly industrial solutions, improving air and water quality, and enhancing energy efficiency across various sectors, including power generation and semiconductor production. The company continues to position itself in growing markets, which may have implications for its revenue and future growth.

CECO Environmental Corp. (Nasdaq: CECO) has successfully acquired Transcend Solutions, LLC, a Houston-based company specializing in process filtration solutions. This acquisition enhances CECO's capabilities within its Separation and Filtration business, allowing for improved process fluid separation and filtration across various high-performance applications. Following a pattern of growth, this transaction marks CECO's second acquisition of 2023, highlighting its ongoing M&A strategy initiated in early 2022. CECO anticipates that Transcend could potentially double its revenue within three years by leveraging CECO's global customer network.

CECO Environmental Corp. (Nasdaq: CECO) reported robust financial results for Q4 and the full year 2022, demonstrating significant growth across key metrics. Orders surged to $150.5 million, up 66%, while revenue reached $116.4 million, a 24% increase. Full-year net income climbed to $17.4 million, up from $1.4 million in 2021. The company raised its 2023 outlook, projecting adjusted EBITDA between $45 and $50 million and revenue between $460 and $485 million. Additionally, CECO maintained a record backlog of $311.7 million, indicating a strong sales pipeline moving forward. CEO Todd Gleason expressed confidence in continuing this growth trajectory.

CECO Environmental Corp. (Nasdaq: CECO) announced that Peter Johansson, the Chief Financial and Strategy Officer, will participate in the 35th Annual ROTH Conference on March 13, 2023, in Dana Point, CA. This event provides a platform for investor meetings, emphasizing CECO's commitment to engaging with stakeholders. CECO is noted for its innovative solutions in industrial air, water, and energy markets, enhancing efficiency and environmental protection. For more details, visit www.cecoenviro.com.

CECO Environmental Corp. (Nasdaq: CECO) announced it will report its Q4 and full-year 2022 financial results on March 6, 2023, before market opening. An earnings call will follow at 8:30 a.m. ET. Investors can access results via the company's website. CECO focuses on solutions that enhance environmental safety and efficiency, serving various industrial markets globally. The report may provide key insights into revenue, earnings per share (EPS), and overall financial health, critical for investors.