CECE - CECE STOCK NEWS

CECO Environmental Corp. (Nasdaq: CECE) will be presenting at the virtual East Coast IDEAS Investor Conference on June 17, 2021. CEO Todd Gleason and CFO Matthew Eckl will host one-on-one investor meetings during the event. Interested participants can access the presentation through the conference portal or via the Investor Relations section on the company's website. CECO Environmental specializes in air quality and fluid handling solutions across various sectors, aiming to improve environmental standards.

CECO Environmental Corp. (NASDAQ: CECE) has secured a $3.5 million contract to deliver advanced environmental solutions, including over a dozen HEE-Duall Scrubber systems and Fybroc Recirculation Pumps, to a leading global semiconductor chip manufacturer. This project aims to enhance safety and environmental compliance for a new plant by effectively removing harmful gaseous contaminants. CECO's technologies reportedly achieve over 98% removal efficiency of pollutants, addressing the growing demand for effective pollution control as industries strive to meet stringent environmental regulations.

CECO Environmental Corp. (Nasdaq: CECE) will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 2:15 PM Eastern Time. The presentation will feature CEO Todd Gleason and CFO Matthew Eckl. Interested parties can access the presentation through the Needham conference portal for registered attendees and via the investor relations section of CECO's website. CECO is a leader in air quality and fluid handling, providing innovative solutions for various industries.

CECO Environmental Corp. (Nasdaq: CECE) reported its Q1 2021 financial results, revealing revenue of $71.9 million, down from $80.5 million year-over-year. Gross profit decreased to $24.4 million, with a margin of 33.9%, compared to 35.2%. Operating income fell to $3.1 million, while net income was $1.2 million. However, bookings increased to $92.1 million, driving a backlog of $203.1 million. Cash from operations improved to $9.9 million, and cash equivalents rose to $40.9 million.

CECO Environmental Corp. (NASDAQ: CECE) has secured a significant contract to supply eleven simple-cycle exhaust stacks equipped with CECO Aarding Silencer Technology for a new power generation facility in Germany. This project supports regional efforts to enhance grid stability as renewable energy sources expand. CECO's expertise in noise abatement positions them to deliver customized emissions-management systems that comply with stringent noise regulations. The growing demand for gas turbine emissions systems indicates a robust market opportunity for CECO in the renewable energy sector.

CECO Environmental Corp. (Nasdaq: CECE) will hold a conference call on May 6, 2021, at 8:30 AM ET to discuss its first quarter 2021 financial results. A press release detailing the financial results will be available before market opening on the same day. Interested parties can listen via a webcast or by dialing in. A replay will be accessible for seven days post-conference. CECO is recognized as a leader in air quality and fluid handling, offering innovative solutions for various sectors aimed at improving environmental standards.

CECO Environmental Corp. (NASDAQ: CECE) announced a patent-pending Self-Cleaning Filtration System designed for various plating applications. This innovative solution aims to reduce filter changes, associated downtime, and total operational costs. The system, which replaces conventional filters, can provide an estimated 75% savings in maintenance costs ranging from $10,000 to $100,000 annually. The automated features enhance productivity while lowering environmental waste and improving employee safety by minimizing VOC exposure during filter changes.

CECO Environmental Corp. (NASDAQ: CECE) has appointed Ramesh Nuggihalli as its new Chief Operating Officer, effective immediately. Nuggihalli, with extensive experience in driving growth across various industries, previously held leadership roles in companies like Xylem and Pentair. His focus will be on executing CECO's strategic growth plans, optimizing productivity, and expanding into adjacent markets. CEO Todd Gleason expressed confidence in Nuggihalli's expertise to bolster CECO's operational excellence and financial performance.

CECO Environmental Corp. (NASDAQ: CECE) announced its expansion in Canada through a distribution agreement with John Brooks Company. This partnership will enhance the availability of CECO Fluid Handling Solutions, specifically the CECO Dean and CECO Fybroc product lines in Manitoba and Saskatchewan. The collaboration aims to leverage John Brooks' expertise to meet the fluid handling needs across various industries such as water, wastewater, oil and gas, and mining. CECO's pumps are recognized for their durability and resistance to harsh chemicals.