Welcome to our dedicated page for Ceco Environmental news (Ticker: CECO), a resource for investors and traders seeking the latest updates and insights on Ceco Environmental stock.
CECO Environmental Corp (NASDAQ: CECO) delivers engineered environmental solutions for industrial air quality, water treatment, and energy efficiency challenges worldwide. This news hub provides investors and industry professionals with centralized access to official updates from the environmental technology leader.
Track critical developments including quarterly earnings disclosures, strategic acquisitions in fluid handling systems, and innovations in industrial process solutions. Our curated feed ensures timely access to CECO's regulatory filings, partnership announcements, and product launches across its Engineered Systems and Industrial Process Solutions segments.
Key updates cover advancements in aftermarket services for power generation facilities, filtration technologies for semiconductor manufacturing, and emission control systems for refinery operations. Stay informed about CECO's asset-light business model execution and its applications in petrochemical processing, midstream energy, and wastewater treatment markets.
Bookmark this page for reliable updates on CECO's environmental technology deployments, designed to help stakeholders monitor the company's progress in addressing complex industrial challenges through sustainable engineering solutions.
CECO Environmental (Nasdaq: CECO) has announced it will release its first quarter 2025 financial results on April 29, 2025, before market opening. The company will host an earnings conference call at 8:30 a.m. Eastern Time (7:30 a.m. CT) on the same day.
The financial results and presentation will be available on the company's website at www.cecoenviro.com. Interested parties can access the live webcast through the provided link, and a replay will be made available on the company's website after the call concludes.
May River Capital has acquired the Global Pump Solutions business from CECO Environmental Corp. (Nasdaq: CECO), including the Dean, Fybroc, and Sethco pump brands. The acquired businesses will operate under a new entity called Tusk Industrial.
Tusk Industrial specializes in manufacturing metallic, fiberglass, and thermoplastic pumps for high-temperature, corrosive, and caustic industrial environments. The company operates from two locations in Telford, Pennsylvania and Indianapolis, Indiana, employing over 100 people and serving more than 1,500 customers globally.
President & GM Ming Cheung will continue to lead the organization under the new ownership. May River plans to invest in new products, expand into new markets, and pursue strategic acquisitions to strengthen Tusk Industrial's market position.
CECO Environmental (Nasdaq: CECO) has completed the divestiture of its Fluid Handling business (Global Pump Solutions) to May River Capital for an enterprise value of $110 million in cash, effective March 31, 2025. The divested GPS business includes three industrial pump brands - Dean, Fybroc, and Sethco - operating from Indianapolis, Indiana and Telford, Pennsylvania, serving over 1,500 global customers.
The company plans to utilize the proceeds to reduce debt and fund strategic growth investments. This divestiture follows CECO's recent acquisitions of Verantis Environmental and Profire Energy, aligning with their focus on environmental solutions in energy and industrial markets.
CECO Environmental (Nasdaq: CECO) has announced its participation in the upcoming 37th Annual ROTH Conference scheduled for March 17, 2025. The company's management team will be conducting one-on-one meetings throughout the conference day.
The presentation materials will be accessible to investors through the Events and Presentations section of CECO's Investor Relations website at https://investors.cecoenviro.com/news-events/events. CECO Environmental operates as a leading environmentally focused, diversified industrial company, providing solutions for protecting people, the environment, and industrial equipment.
CECO Environmental reported record Q4 2024 bookings of $218.9 million (up 71%) and elevated year-end backlog to a record $540.9 million (up 46%). Q4 revenue increased 3% to $158.6 million with gross profit up 7% to $56.7 million and improved gross margin of 35.8%. Q4 net income rose 26% to $4.9 million, though free cash flow was negative at ($4.4) million.
For full-year 2024, CECO reported orders of $667.3 million (up 14%), revenue of $557.9 million (up 2%), and gross profit of $196.1 million (up 15%). The company completed three strategic acquisitions in 2024, plus Profire Energy in early January 2025, expanding its industrial air market leadership.
CECO reaffirmed its 2025 outlook with expected revenue of $700-750 million (approximately 30% growth) and Adjusted EBITDA of $90-100 million (approximately 50% growth). The company expects to finalize the sale of its Fluid Handling Business in late Q1 2025.
CECO Environmental Corp (Nasdaq: CECO) has announced it will release its fourth quarter 2024 financial results on February 25, 2025, before the market opens. The company will host an earnings conference call at 8:30 a.m. Eastern Time (7:30 a.m. CT) on the same day.
The financial results and presentation will be available on the company's website. Interested parties can access the live webcast through the provided link and register to receive dial-in information. A replay of the conference call will be made available on CECO's website after the live webcast concludes.
CECO Environmental released preliminary Q4 and full year 2024 results, reporting expected full-year revenues of $555-558 million (below previous guidance of $575-600 million) and Adjusted EBITDA of $62-63 million (below previous guidance of $65-70 million). The shortfall was attributed to customer-driven project delays.
Despite missing guidance, Q4 2024 orders reached a record $210 million, setting new company records for bookings and backlog. The company completed the acquisition of Verantis (with $45 million annualized sales) in late December 2024 and Profire Energy in January 2025. CECO also announced plans to divest its Fluid Handling business in Q1 2025.
The company maintained its 2025 outlook, projecting revenues of $700-750 million (30% YoY growth) and Adjusted EBITDA of $90-100 million (50% YoY growth). Free cash flow is expected at 50-70% of Adjusted EBITDA.
CECO Environmental has completed its acquisition of Profire Energy on January 3, 2025, following a cash tender offer at $2.55 per share. The total transaction value was approximately $122.7 million, funded through a combination of cash on hand and existing credit facility borrowings.
Profire Energy, formerly traded on NASDAQ under PFIE, is a technology company specializing in intelligent control solutions for industrial combustion appliances, with primary operations in Lindon, Utah and Acheson, Alberta. The acquisition advances CECO's position as a leading environmental solutions provider in industrial markets.
Following the completion of the tender offer and merger conditions, Profire's common stock has been delisted from public markets. CECO aims to accelerate Profire's growth by expanding into new energy, industrial, and international markets.
CECO Environmental Corp (Nasdaq: CECO) has announced its participation in the 27th Annual Needham Growth Conference scheduled for January 17, 2025. The company's management will deliver a virtual presentation at 9:30 am ET and will be conducting meetings throughout the day.
The presentation will be accessible via webcast through the Investor Relations section of CECO's website at investors.cecoenviro.com/news-events/events. CECO Environmental is positioned as a leading environmentally focused, diversified industrial company that provides solutions for protecting people, the environment, and industrial equipment.
CECO Environmental has successfully completed its tender offer to acquire Profire Energy shares at $2.55 per share in cash. The offer expired on December 31, 2024, with approximately 86.31% of outstanding shares tendered, representing 39,688,706 shares plus 337,815 additional shares committed under guaranteed delivery procedures.
The tender offer was part of a merger agreement announced on October 29, 2024, valuing the transaction at approximately $125 million. With all conditions satisfied, CECO will proceed with the merger, making Profire Energy its wholly owned subsidiary. Following the merger completion, Profire Energy shares will be delisted from the Nasdaq Capital Market.
