Welcome to our dedicated page for Ceco Environmental news (Ticker: CECO), a resource for investors and traders seeking the latest updates and insights on Ceco Environmental stock.
CECO Environmental Corp. reports developments for an environmentally focused industrial company serving industrial air, industrial water and energy-transition markets. The company operates through Engineered Systems and Industrial Process Solutions, with products and configured systems such as dampers and diverters, selective catalytic reduction systems, cyclones, dust collectors, thermal oxidizers, filtration systems, scrubbers, water treatment packages and industrial silencers.
Recurring CECO news includes operating and financial results, management conference appearances, shareholder voting matters, governance updates, capital-structure disclosures and material agreements. Company updates also reference end markets including power generation, petrochemical processing, refining, midstream gas transport and treatment, electric vehicle and battery production, metals and mineral processing, polysilicon production, battery recycling, beverage can production, and produced or oily water and wastewater treatment.
CECO Environmental Corp. (NASDAQ: CECO) announced that it expects fourth-quarter 2022 orders to exceed $145 million, marking a 60% increase year-over-year and 42% sequential growth. This positions the company near record backlog levels. CEO Todd Gleason highlighted the strong growth in orders and ongoing market opportunities, emphasizing CECO's role in industrial air, water, and energy transition sectors. A full earnings report is expected in early March 2023.
CECO Environmental Corp. (Nasdaq: CECO), an environmentally focused industrial company, will present at the 25th Annual Needham Growth Conference on January 10, 2023, at 3:00 PM Eastern Time. CEO Todd Gleason and CFO Peter Johansson will lead the presentation, which is accessible via the Needham conference portal and on their website. CECO provides innovative solutions for industrial air, water, and energy transition markets, enhancing air and water quality while optimizing emissions management and energy efficiency. For further information, visit www.cecoenviro.com.
CECO Environmental Corp. (Nasdaq: CECO) will present at the Southwest IDEAS Conference on November 16, 2022, at 10:15 AM Central Time in Dallas. CEO Todd Gleason will lead the presentation, with one-on-one investor meetings scheduled throughout the day. The event focuses on CECO's commitment to environmentally focused, diversified industrial solutions, enhancing air and water quality while boosting energy efficiency across various industrial sectors. A live webcast and archived replay will be available on the conference and CECO's Investor Relations websites.
CECO Environmental Corp. (Nasdaq: CECO) reported robust financial results for Q3 2022, with orders rising to $101.7 million (up 10%) and revenue reaching $108.4 million (up 36%). Net income improved to $1.9 million, a significant turnaround from a loss in the same quarter last year. Adjusted EBITDA soared 156% to $9.2 million. The company increased its full-year 2022 revenue guidance to exceed $410 million and outlined a favorable 2023 outlook, expecting revenue between $450-$475 million.