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. 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.
Richard F. Wallman, a director of CECO Environmental Corp (CECO), reported purchases on 08/29/2025. He acquired 3,000 shares directly at $44.25, bringing his direct holdings to 219,909 shares. He also acquired 1,500 shares indirectly via his spouse at $44.25, bringing indirect holdings to 77,500. The Form 4 was signed by an attorney-in-fact on 09/03/2025.
Peter K. Johansson, SVP & Chief Financial Officer of CECO Environmental Corp (CECO), reported a Form 4 disclosing a small disposition and continued substantial holdings. The filing shows a sale of 2,302 shares of Common Stock on 08/15/2025 at $44.61 per share, identified as withholding to cover taxes related to RSU vesting. After that transaction the reporting person beneficially owned 59,620 shares, including 47,247 performance-based restricted stock units that convert to common stock on July 5, 2027 if employment and stock-price conditions are met.
CECO Environmental (CECO) reported strong Q2-25 results. Net sales rose 35% YoY to $185.4 million, driven by 32% growth in Engineered Systems and 42% in Industrial Process Solutions. Gross margin expanded 80 bp to 36.2%, lifting operating income to $18.1 million (vs. $9.3 million).
Bottom-line performance sharply improved. Net income attributable to CECO more than doubled to $9.5 million; diluted EPS increased to $0.26 from $0.12. For the first six months, EPS came in at $1.24 (vs. $0.17) helped by a $64.5 million pre-tax gain on the March sale of the Global Pump Solutions unit.
Balance sheet and liquidity. Total assets reached $876.6 million (+15% YTD) reflecting the $120 million cash purchase of Profire Energy on 3 Jan 25 and other 2024 acquisitions. Cash ended at $36.8 million while total debt rose to $238.7 million (net leverage ~2.0×). Shareholders’ equity increased 20% to $303.2 million.
Cash flow and credit. Operating cash flow used $19.4 million due to working-capital builds, although divestiture proceeds turned investing cash flow positive $3.8 million. The $400 million revolver had $104 million of availability at quarter-end.
Key strategic moves.
- Closed Profire acquisition, adding $31.3 million revenue and $3.6 million net income YTD.
- Recorded measurement-period adjustments for Verantis and WK Group; WK earn-out liability written down $7.4 million.
- Sale of Global Pump Solutions refocused portfolio on air-quality & emissions markets.
No forward guidance was provided in the filing.
CECO Environmental filed an 8-K announcing that Senior Vice President & Chief Administrative and Legal Officer Lynn Watkins-Asiyanbi will leave the company on 31 Jul 2025, with employment ending 15 Aug 2025. Her separation agreement includes: (1) a $300 k lump-sum severance; (2) cash equal to nine months of COBRA premiums; (3) $20 k for outplacement; (4) a $225 k lump-sum representing 75 % of her 2025 target bonus; (5) continued vesting of service-based RSUs scheduled to vest on or before 31 Mar 2026; and (6) conversion and vesting on 15 Mar 2026 of PRSUs otherwise scheduled to vest in Mar 2026. All benefits are conditioned on her general release of claims and adherence to non-disparagement, non-competition and non-solicitation covenants.
No successor has been named, and there are no other material changes disclosed. Cash outlay is modest relative to CECO’s size and is unlikely to have a material impact on financials; however, the departure removes a member of the executive leadership team who has served for three years.
CECO Environmental (CECO) – Form 4 filed 06/30/2025.
Chief Administrative & Legal Officer Joycelynn Watkins-Asiyanbi reported an internal equity-compensation event dated 06/27/2025. To settle payroll taxes on vested restricted stock units, 1,554 common shares were automatically withheld (Transaction Code F) at $29.60 per share. The reporting person now holds 73,178 CECO common shares directly.
She also retains 41,341 performance-based RSUs that may convert one-for-one into common stock on 07/05/2027, contingent on continued employment and achievement of stock-price hurdles. Because the shares were surrendered to the issuer for tax purposes rather than sold in the open market, the filing is generally viewed as routine and has limited impact on trading supply. The sizeable remaining equity stake keeps the officer economically aligned with shareholders.