CECE - CECE STOCK NEWS

CECO Environmental Corp. (Nasdaq: CECE) will report its second quarter 2022 results on August 8, 2022, before market opening. An earnings conference call is scheduled for 8:30 a.m. ET on the same day. Financial results will be accessible via the company's website. CECO specializes in environmentally focused industrial solutions, aiming to enhance air quality and optimize energy efficiency across diverse sectors including power generation and wastewater treatment.

CECO Environmental Corp. (Nasdaq: CECE) announced the appointment of Robert E. Knowling, Jr. to its board of directors, enhancing its leadership team with his over 30 years of experience in various sectors. With past roles on the boards of companies like Rite-Aid and Citrix Systems, Knowling is expected to contribute significantly to CECO's strategic goals. The announcement comes alongside the retirement of board members Jonathan Pollack and Eric Goldberg, who served for a decade, indicating a shift in the company's governance.

CECO Environmental Corp. (Nasdaq: CECE) announced the appointment of Lynn Watkins-Asiyanbi as the new Senior Vice President, General Counsel, and Corporate Secretary. With nearly 20 years of legal expertise, including experience in global industrial companies, Watkins will oversee CECO's legal strategy, manage SEC compliance, and support strategic growth initiatives. CEO Todd Gleason expressed enthusiasm about Watkins’ extensive background in mergers, acquisitions, and corporate governance, highlighting her potential to drive performance and support the Board.

CECO Environmental Corp. (Nasdaq: CECE) has acquired Western Air Ducts Ltd., enhancing its industrial air quality offerings. This strategic acquisition, which includes the patented Inteliair® system, aims to boost CECO's addressable market by over $150 million. Western Air is renowned for its dust and fume extraction solutions, contributing significant energy-saving technologies. The acquisition is expected to accelerate growth and introduce new products, leveraging Western Air's high-margin operations and short-cycle business model.

CECO Environmental Corp. (Nasdaq: CECE) will present virtually at the East Coast IDEAS Investor Conference on June 23, 2022. The presentation aims to showcase the company's environmentally focused industrial solutions that protect people and the environment. Interested investors can access the presentation via the conference portal or the company's website. CECO specializes in air quality and water treatment across various industries, highlighting its innovative technology and asset-light business model.

CECO Environmental Corp. (Nasdaq: CECE) has released its inaugural Environmental, Social and Governance (ESG) report, detailing its sustainability efforts from 2018 to 2021. Key highlights include a 51% reduction in energy consumption, implementation of recycling programs, and initiatives to cut greenhouse gas emissions by transitioning to compressed natural gas vehicles. The report also outlines CECO's commitment to enhancing diversity and inclusion in its workforce. CECO's CEO emphasizes the company's responsibility to reduce environmental impact while providing cleaner solutions for clients.

CECO Environmental Corp. (Nasdaq: CECE) will present virtually at the H.C. Wainwright Global Investment Hybrid Conference from May 23-26, 2022. The presentation will be accessible on-demand starting May 24. Key topics include the company’s growth, acquisition strategy, and a $20 million share repurchase program. CECO focuses on industrial air, water, and energy transition markets, promoting innovative, environmentally friendly solutions. For more details, visit www.CECOEnviro.com.

CECO Environmental Corp. (Nasdaq: CECE) has announced the acquisition of Compass Water Solutions, Inc. for $12.5 million, enhancing its industrial water capabilities. Compass, which generated $11 million in revenue in 2021 with double-digit EBITDA margins, will increase CECO's addressable market by over $250 million. The acquisition is expected to be accretive to total company EBITDA margins and free cash flows in 2022, while contributing to CECO's short-cycle business mix, which now represents approximately $100 million or 30% of total revenue.

CECO Environmental Corp. has authorized a $20 million share repurchase program, effective until April 30, 2025. The plan aims to enhance shareholder value and offset dilution, representing approximately 12% of outstanding shares based on the closing price of $4.75 as of May 4, 2022. Management believes the current stock price offers an attractive valuation, citing strong organic growth prospects and a healthy financial position. The program reflects the board's confidence in the company's strategic growth and future profitability.