CECO Environmental Corp. filings document formal disclosures for an operating industrial company in industrial air, industrial water and energy-transition markets. The record includes 8-K reports on operating and financial results, definitive material agreements, shareholder voting matters, governance changes and capital-structure disclosures.
CECO's filings describe credit agreement arrangements, including senior secured revolving credit facilities, lender and administrative-agent relationships, maturity and interest-rate provisions, and covenant-based leverage terms. Governance disclosures also cover equity incentive compensation, director and officer matters, risk factors and exhibit-based contract information tied to the company's public-company reporting obligations.
FMR LLC and Abigail P. Johnson each report beneficial ownership of 3,752,935.91 shares of CECO Environmental Corp common stock, equal to 6.4% of the class. FMR LLC reports sole voting power over 3,750,283.50 shares and sole dispositive power over 3,752,935.91 shares. Abigail P. Johnson reports no sole voting power and sole dispositive power over 3,752,935.91 shares.
CECO Environmental Corp. filed a Form 25 notification to voluntarily withdraw its common stock, par value $0.01 per share, from listing and registration on The Nasdaq Stock Market LLC. The issuer certified that it complied with exchange rules and Exchange Act requirements governing voluntary withdrawal under Rule 12d2-2(c).
CECO Environmental Corp. (CECO) plans to move its common stock’s primary listing from Nasdaq Global Select Market to Texas Stock Exchange (TXSE). The TXSE listing has been approved, and CECO expects Nasdaq primary-listing trading to end at market close October 16, 2026, and TXSE trading to begin at market open October 19, 2026, subject to customary conditions. The shares will continue under ticker CECO and retain their existing CUSIP. CECO says the transfer is not expected to affect its operations, financial condition, reporting obligations or stockholders’ rights; stockholders need not take action. The company said the move reflects strategic alignment with Texas.
CECO ENVIRONMENTAL CORP executive Peter K. Johansson, SVP and Chief Financial Officer, reported an automatic tax-related disposition of company stock. On 2026-08-15, 2,914 shares of common stock were withheld at $79.59 per share to cover tax liabilities from vested restricted stock units, leaving him with 37,832 directly held common shares.
Johansson also reports performance-based restricted stock units that may convert into 47,247 shares of common stock on July 5, 2027 and 30,000 shares on September 12, 2029, in each case contingent on continued employment and achievement of specified stock price targets.
T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G reporting its position in CECO Environmental Corp2,153,953 shares of CECO common stock, representing 3.7% of the outstanding class.
T. Rowe Price reports sole voting power over 2,147,618 shares and sole dispositive power over 2,153,953 shares, with no shared voting or dispositive power. The filer also notes that this reflects ownership of 5 percent or less of the class and expressly denies that the filing constitutes an admission of beneficial ownership for any other purpose.
American Century Investment Management, Inc., American Century Companies, Inc., and the Stowers Institute for Medical Research report passive ownership of CECO Environmental Corp. common stock on a Schedule 13G/A. The group reports beneficial ownership of 2,088,421 shares, representing 3.6% of CECO’s common stock.
They report sole voting power over 1,564,938 shares and sole dispositive power over 2,088,421 shares, with no shared voting or dispositive power. The filing notes that each individual client advised by American Century generally holds less than 5% of the class.
CECO Environmental reported sharply higher scale but a GAAP loss for the quarter ended June 30, 2026, driven by the acquisition of Thermon Group Holdings and related costs. Net sales rose to $285.0 million, up from $185.4 million, including 44% organic growth, led by power generation and other industrial end markets.
Despite gross profit increasing to $86.5 million, CECO posted a quarterly net loss attributable to shareholders of $34.8 million, versus income of $9.5 million a year earlier, as results absorbed $45.5 million of acquisition and integration expense, $7.8 million of amortization, and a $9.5 million inventory fair value step-up charge. Non‑GAAP operating income improved to $32.1 million with an 11.3% margin. Thermon added $49.6 million of revenue but a $5.3 million net loss in its first month of consolidation. For the first half, revenue reached $490.9 million, but CECO recorded a $35.2 million net loss and $32.4 million net cash used in operations, while total debt climbed to $727.7 million to fund the roughly $2.26 billion Thermon transaction.
CECO Environmental reported a record second quarter 2026, its first full period including the June 1 acquisition of Thermon. Orders reached $798.5 million, up 191 percent, and backlog was $1,819.1 million, up 164 percent, supporting management’s multi‑year growth strategy.
Revenue was $285.0 million, up 54 percent, with gross profit of $86.5 million and gross margin of 30.3 percent. Heavy acquisition and integration costs drove a GAAP operating loss of $33.2 million and a net loss of $34.8 million (diluted EPS $(0.80)). On a non‑GAAP basis, net income was $21.5 million, up 147 percent, and adjusted EBITDA was $40.2 million, up 73 percent with a 14.1 percent margin.
Free cash flow was $(24.3) million, but adjusted free cash flow was $53.2 million, excluding Thermon‑related cash payments. Following the acquisition, total assets rose to $3.73 billion and long‑term debt to $711.1 million. Reflecting strong demand and early Thermon synergies, CECO raised its 2026 outlook to revenue of $1.300–$1.375 billion and adjusted EBITDA of $200–$225 million, targeting free cash flow conversion of at least 55 percent of adjusted EBITDA.
FMR LLC reported beneficial ownership of 4,524,438.33 shares of CECO Environmental Corp common stock, representing 7.7% of the class as of June 30, 2026. FMR LLC has sole dispositive power over these shares and sole voting power over 4,521,770 shares.
Abigail P. Johnson is also reported as beneficial owner of the same 4,524,438.33 shares with sole dispositive power and no voting power. One or more other persons may receive dividends or sale proceeds from these shares, but no single such person holds more than five percent of CECO’s common stock. The position is reported on behalf of FMR LLC and its subsidiaries, identified in an attached exhibit.
CECO Environmental Corp. completed the acquisition of Thermon Group Holdings, Inc. on June 1, 2026 through a stock-and-cash merger and now presents unaudited pro forma condensed combined financial information for the combined company. CECO issued approximately 22.5 million shares of common stock to former Thermon holders and paid aggregate cash consideration of approximately $329.4 million, contributing to total preliminary consideration under ASC 805 of $2,264,023 (in thousands).
The transaction was financed with an incremental term loan of $235,000 (in thousands) and approximately $290,000 (in thousands) of revolving credit borrowings, both initially bearing interest at SOFR + 300 bps. Pro forma as of March 31, 2026, total assets are $3,656,427 (in thousands), including $911,000 (in thousands) of finite‑life intangibles and $1,166,388 (in thousands) of goodwill, and total liabilities are $1,580,566 (in thousands).
For the three months ended March 31, 2026, pro forma combined net sales are $354,251 (in thousands) with a net loss attributable to CECO of $(11,525) (in thousands), or $(0.20) per share, on 58,221,564 weighted‑average shares. For the year ended December 31, 2025, pro forma net sales are $1,296,392 (in thousands) and the pro forma net loss attributable to CECO is $(20,218) (in thousands), or $(0.35) per share, on 57,861,856 weighted‑average shares.