CECE - CECE STOCK NEWS

CECO Environmental Corp. (Nasdaq: CECE) has successfully delivered its Peerless-branded multi-cyclone scrubber centrifugal separators for the world's largest single-shaft geothermal power turbine in Tauhara, New Zealand. Awarded a multi-million-dollar contract earlier this year, the project is set for completion in 2023. The advanced technology ensures high steam dryness of 99.98%, enhancing turbine efficiency and protection, while reducing operational costs. CECO Peerless is a leader in geothermal separators, reinforcing the company's position in clean energy markets.

CECO Environmental Corp. (Nasdaq: CECE) will be presenting at the Southwest IDEAS Conference on November 18, 2021, at 8:00 AM Central Time in Dallas. CEO Todd Gleason and CFO Matt Eckl will discuss the company's financial results, long-term outlook, and strategic roadmap aimed at establishing CECO as an environmentally focused industrial leader. One-on-one investor meetings will follow the presentation. A live webcast will be accessible through the company’s Investor Relations website and the IDEAS conference site.

CECO Environmental Corp. (Nasdaq: CECE) has appointed Richard F. Wallman, former CFO of Honeywell, to its board of directors as of November 8, 2021. Wallman brings over 30 years of financial management experience from companies like IBM and Chrysler, along with a strong background in global business challenges. CECO's chairman, Jason DeZwirek, expressed confidence in Wallman's ability to support the company's growth strategy. Wallman aims to assist CECO in executing its transformation strategy, accompanied by a capable leadership team.

CECO Environmental Corp. (Nasdaq: CECE) reported its Q3 2021 results revealing revenue of $80.0 million, up from $77.4 million year-over-year. Gross profit decreased to $22.7 million (28.4% margin) from $24.8 million (32.0% margin). The company faced an operating loss of $(0.6) million, compared to an income of $1.0 million previously. Net losses widened to $(1.2) million. Bookings increased significantly by 39% to $92.6 million. Despite challenges from low-margin projects and supply chain issues, CECO anticipates improved results in Q4 2021.

CECO Environmental Corp. (Nasdaq: CECE) will host a conference call on Nov. 8, 2021, at 8:30 AM ET to discuss its third quarter 2021 financial results. The results will be released before market open on the same day and available on the company's website. Investors can join the call via webcast or by calling 888-346-4547 (U.S.) or 412-317-5251 (International). A replay will be accessible on the company’s website for 90 days and by phone until Nov. 15, 2021.

CECO Environmental Corp. (Nasdaq: CECE) announced participation in the Virtual H.C. Wainwright 23rd Annual Global Investment Conference on September 14, 2021. CEO Todd Gleason and CFO Matt Eckl will present, accessible through the conference portal and the company's Investor Relations website. Additionally, management will hold one-on-one meetings at the D.A. Davidson Diversified Industrials & Services Conference on September 22-23, 2021. CECO specializes in air quality solutions and fluid handling, serving various industrial sectors globally.

CECO Environmental Corp. (Nasdaq: CECE) reported its Q2 2021 results, showing a revenue increase to $78.7 million from $75.2 million year-over-year. Gross profit was $25.2 million, reflecting a margin drop to 32.1% from 34.3%. Operating income fell to $2.1 million, down from $4.4 million. Net income declined to $0.3 million compared to $3.3 million in the previous year. Despite these declines, the company secured $85.5 million in bookings and boasts a backlog of $210 million.

The Board also announced a $5 million share repurchase program.

CECO Environmental Corp. (Nasdaq: CECE) has authorized a share repurchase program allowing the company to buy back up to $5 million of its common shares by December 31, 2021. This initiative aims to enhance shareholder value by offsetting dilution from prior issuances and reducing the share count. The Board's decision reflects confidence in CECO's strategic growth and a strong balance sheet. At a closing price of $7.04 on June 30, 2021, the program represents about 2.0% of outstanding shares.

CECO Environmental Corp. (Nasdaq: CECE) announced its participation in the Jefferies Virtual Industrials Conference on August 4, 2021, at 2:00 PM ET. CEO Todd Gleason and CFO Matt Eckl will present, with a live webcast available on the company's website. Additionally, the management will host one-on-one investor meetings. CECO will also present at the Midwest IDEAS Virtual Conference on August 26. Access to both presentations can be found on the respective conference portals and the company's Investor Relations page.