CECE - CECE STOCK NEWS

CECO Environmental Corp. (Nasdaq: CECE) will report its first quarter 2022 results on May 10, 2022, before the market opens. A conference call is scheduled for 8:30 AM ET to discuss these results, featuring CEO Todd Gleason and CFO Matt Eckl. Investors can access the financial results on the company's website and listen to the call via webcast or phone. A replay will be available for seven days following the call. CECO focuses on air quality and water treatment, serving various industrial sectors while promoting environmental safety.

CECO Environmental Corp. (Nasdaq: CECE) has acquired substantially all assets of Index Water, enhancing its water treatment solutions for the Middle East. While deal terms remain undisclosed, this acquisition strengthens CECO's technology stack in various water treatment processes, including ultrafiltration and desalination. CEO Todd Gleason noted that this strategic move is expected to increase CECO's addressable market by at least $200 million, improving access to key customers and infrastructure projects across over ten countries.

CEC O Environmental Corp. (Nasdaq: CECE) announced that CEO Todd Gleason and CFO Matt Eckl will present at two investor conferences in March 2022. The first is the Virtual Growth Conference by Maxim Group, running from March 28-30, with on-demand access starting March 28 at 9:00 a.m. ET. The second presentation will be at the Gabelli Funds 8th Annual Waste & Environmental Services Symposium in New York on March 31 at 1:30 p.m. ET. The management will discuss the recent acquisition of GRC and their diverse industrial solutions portfolio.

CECO Environmental Corp. (Nasdaq: CECE) reported Q4 and full-year 2021 financial results, highlighting a 29% increase in bookings year-over-year. Q4 revenue reached $93.6 million, while gross profit was $28.5 million at a 30.5% margin. Operating income improved to $5.3 million, though net income dropped to $1.2 million. For the full year, revenue was $324.1 million, with gross profit of $100.9 million at a 31.1% margin. The company repurchased approximately 699,000 shares of common stock and reduced bank debt to $65.5 million.

CECO Environmental Corp. (Nasdaq: CECE) has successfully acquired GRC, a leader in rubber expansion joints and flow control products. This acquisition expands CECO's market presence, allowing access to a $500 million addressable market. GRC is now integrated into the Effox-Flextor-Mader, Inc. joint venture, enhancing CECO's product offerings with rubber expansion joints and related solutions. The deal is anticipated to boost CECO's sales and is projected to be highly accretive to earnings and cash flow, strengthening CECO's position in water and wastewater markets.

CECO Environmental Corp. (Nasdaq: CECE) will host a conference call on March 14, 2022, at 8:30 AM ET to discuss its fourth quarter and fiscal 2021 financial results. A press release with the financial outcomes will be issued prior to the market opening on the same day and can be accessed on the Company's website.

Listeners can also access the call via telephone or listen to a replay available for seven days afterward, ensuring transparency for investors and stakeholders.

CECO Environmental Corp. (Nasdaq: CECE) has received an order to deliver two custom-designed exhaust systems for a natural gas power plant in New South Wales, Australia. This 660MW facility, set to replace an existing coal plant, will begin operations in December 2023. CECO's Aarding solutions are designed to meet stringent Australian noise regulations by reducing gas turbine noise from 150dB to approximately 100dB, thereby minimizing environmental impact and protecting local communities.

CECO Environmental Corp. (Nasdaq: CECE) announced its acquisition of industrial flow control leader GRC, expected to close by April 2022. This integration will enhance CECO's joint venture with Chief Capital. GRC specializes in rubber expansion joints and flow control products, expanding CECO's market reach from $200 million to $500 million. The acquisition aligns with CECO's growth strategy in adjacent industrial markets, supported by the recent $500 billion US Infrastructure Bill, which is expected to bolster demand in water and wastewater sectors.

CECO Environmental Corp. (Nasdaq: CECE) announced the delivery of an integrated aluminum chip collection and recycling solution to a North American aluminum provider. The system, currently under construction, is set to be operational in early 2022. Designed to efficiently collect up to 25 tons of aluminum scrap per hour, this solution incorporates CECO Flex-Kleen dust collection and CECO Fisher-Klosterman cyclone separation technologies. CEO Todd Gleason emphasized that the project will help aluminum manufacturers reduce waste and support sustainability initiatives in industries like food packaging and automotive.