Welcome to our dedicated page for Ceco Environmental SEC filings (Ticker: CECO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
CECO Environmental Corp (NASDAQ: CECO) files a range of reports with the U.S. Securities and Exchange Commission that provide detailed information on its operations, financial condition and governance. This page aggregates those SEC filings, including current reports on Form 8-K that CECO uses to announce material events such as quarterly financial results, executive compensation arrangements and leadership changes.
Recent Form 8-K filings referenced here include announcements of results of operations and financial condition for quarters ended March 31, June 30 and September 30, as well as disclosures under Item 5.02 regarding executive departures and equity award agreements. These filings supplement CECO’s press releases by providing formal regulatory disclosure of earnings, orders, backlog and other financial metrics, along with summaries of key agreements.
In addition to 8-Ks, investors typically review CECO’s annual reports on Form 10-K and quarterly reports on Form 10-Q, which contain audited or reviewed financial statements, segment information for Engineered Systems and Industrial Process Solutions, risk factors, and management’s discussion and analysis. Proxy materials on Schedule 14A and related documents describe board structure and executive compensation, while Forms 3, 4 and 5 report insider transactions by officers and directors.
On Stock Titan, CECO’s SEC filings are updated as they are made available through the EDGAR system. AI-powered tools summarize lengthy documents such as 10-Ks and 10-Qs, highlight key items like changes in backlog, segment performance and capital structure, and help users quickly locate information on topics such as executive arrangements disclosed in Form 8-K. This allows investors, researchers and other interested readers to review CECO Environmental’s regulatory history and understand how the company reports its industrial air, industrial water and energy transition activities over time.
CECO Environmental Corp. announced a proposed combination with Thermon Group Holdings in a transaction valued at about $2 billion, using $340 million in cash (via a $10 per Thermon share payment) and the remainder in CECO stock, creating a pro forma company the CEO says would be roughly $1.5 billion on a 2027 run‑rate with ~39% gross margins and ~20% EBITDA margin. The companies expect CECO shareholders to own about 63% and Thermon shareholders about 37% of the combined business; closing is targeted around mid‑year (June timeframe), subject to customary approvals and the Registration Statement/Form S‑4 process.
CECO Environmental’s major shareholder updated their Schedule 13D after signing a voting agreement tied to CECO’s planned merger with Thermon Group Holdings. Jason DeZwirek is reported as beneficial owner of 4,198,111 shares of CECO common stock, or 11.7% of 35,665,813 shares outstanding as of February 19, 2026.
Through Icarus Investment Corp. and 0to100 Inc., DeZwirek controls additional shares and has agreed, subject to specified conditions, not to transfer these holdings and to vote them in favor of issuing CECO stock to complete the Thermon merger and against competing acquisition or restructuring proposals until the agreement terminates.
CECO Environmental Corp. announces a definitive merger agreement to combine with Thermon Group Holdings, Inc. in a stock-and-cash transaction valued at approximately $2.2 billion. Thermon shareholders will receive $10 in cash plus 0.684 shares of CECO common stock per Thermon share; the cash portion will be funded through existing credit facilities and the companies expect the deal to close in mid-2026. Upon closing CECO shareholders are expected to own ~62.5% and Thermon shareholders ~37.5% of the combined company. The companies disclosed pro forma combined revenue of ~$1.5 billion, adjusted EBITDA of ~$295 million assuming ~$40 million of run-rate synergies, and pro forma net leverage of ~2.5x. Separately, CECO reported record 2025 results: backlog of $793 million, full-year orders of $1.064 billion, 2026 standalone revenue guidance raised to $925–$975 million and adjusted EBITDA guidance of $115–$135 million.
CECO Environmental Corp. has entered into a definitive agreement to combine with Thermon in a cash-and-stock transaction valued at approximately $2.2 billion. The transaction was unanimously approved by the boards of both companies and will be submitted to CECO and Thermon stockholders for approval.
The companies will continue to operate independently until the transaction closes. CECO intends to file a registration statement on Form S-4 including a joint proxy statement/prospectus; additional details and definitive materials will be mailed to stockholders after SEC effectiveness. CECO will discuss the transaction on a webcast on February 24 at 8:30 AM ET, and an employee town hall is scheduled for February 26 at 7:00 AM CT.
CECO Environmental Corp. entered into a definitive Agreement and Plan of Merger to acquire Thermon Group Holdings, Inc. through a two-step merger structure, under which Thermon shareholders will receive a choice of Mixed Consideration (0.6840 CECO shares plus $10.00 cash), $63.89 cash, or 0.8110 CECO shares. The transaction is subject to stockholder approvals, regulatory clearances including Hart-Scott-Rodino review, Nasdaq listing approval for shares to be issued, the effectiveness of a Form S-4, and other customary conditions, and contemplates board expansions and voting agreements covering approximately 15.2% of CECO common stock.
CECO Environmental Corp. agreed to acquire Thermon Group Holdings in a cash-and-stock merger valued at approximately $2.2 billion, creating a larger industrial environmental and thermal solutions company.
Thermon shareholders can elect for each share either $63.89 in cash, 0.8110 CECO shares, or a mix of $10.00 in cash plus 0.6840 CECO shares, subject to proration. The mixed option values Thermon at about $63.13 per share, a 26.8% premium to Thermon’s prior close. After closing, CECO and Thermon investors are expected to own roughly 62.5% and 37.5% of the combined company, respectively.
CECO has committed financing including a $200 million incremental term loan and access to revolving credit facilities, and intends to fund the deal with cash on hand and debt. The transaction, unanimously approved by both boards and supported by CECO holders owning about 15.2% of the vote, is targeted to close in mid-2026, subject to shareholder approvals, regulatory clearances, Nasdaq listing of new shares, and other customary conditions. Two Thermon directors will join CECO’s board at closing.
CECO Environmental reported strong fourth quarter and full-year 2025 results, set multiple financial records, raised its 2026 outlook, and discussed a proposed merger with Thermon Group Holdings.
For Q4 2025, orders were $329.3 million, up 50 percent, with backlog of $793.1 million, up 47 percent. Revenue reached $214.7 million, up 35 percent, and adjusted EBITDA was $29.8 million, up 57 percent, while gross margin was 35.1 percent. Net income was $3.1 million, down 37 percent, but non-GAAP net income rose 12 percent to $11.1 million.
For 2025, orders were $1,064.3 million, up 59 percent, revenue was $774.4 million, up 39 percent, and adjusted EBITDA was $90.3 million, up 44 percent. Net income grew to $50.1 million, up 285 percent. The company raised 2026 guidance to revenue of $925–$975 million and adjusted EBITDA of $115–$135 million, with these targets excluding the impact of the proposed Thermon merger.
American Century Investment Management, American Century Companies, and the Stowers Institute for Medical Research jointly report beneficial ownership of 2,038,312 shares of CECO Environmental Corp. common stock, representing 5.7% of the class as of 12/31/2025.
They report sole voting power over 1,493,539 shares and sole dispositive power over the full 2,038,312 shares, with no shared voting or dispositive power. The filers state the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of CECO Environmental.
CECO Environmental Corp. entered into a Fourth Amended and Restated Credit Agreement on January 30, 2026, establishing a senior secured revolving credit facility with an initial capacity of $700.0 million maturing on January 30, 2031. The company can request increases of up to an additional $150.0 million plus further amounts subject to a maximum Consolidated Net Leverage Ratio of 3.50% to 1.00. Interest rates vary based on the company’s leverage and chosen benchmark rates across multiple currencies. The agreement requires CECO to maintain a Consolidated Net Leverage Ratio not greater than 4.00 to 1.00, a Consolidated Secured Net Leverage Ratio not greater than 3.50 to 1.00, and a Consolidated Fixed Charge Coverage Ratio of at least 1.25 to 1.00. The facility includes customary covenants and default provisions and may be used for general corporate purposes. As of the effective date, $235.8 million of loans were outstanding under the agreement.