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Ceco Environmental Corp - CECO STOCK NEWS

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) is a diversified global provider of engineered technologies for environmental, energy, and fluid handling and filtration industrial segments. With a focus on niche markets and an asset-light business model, CECO operates through two main segments: Engineered Systems and Industrial Process Solutions. The company's solutions cater to a variety of industries, including power generation, refinery, wastewater treatment, petrochemical, food and beverage, semiconductor, and electric vehicle production.

Founded in 1966 and headquartered in Dallas, Texas, CECO boasts over 50 years of expertise and innovation in air quality improvement, energy optimization, and custom solutions for complex industrial applications. The company's well-respected brands and technologies are recognized globally for their reliability and effectiveness.

CECO's recent acquisition of Kemco Systems, a leader in industrial water recycling and energy conservation, marks a significant expansion in the company's capabilities and market reach. This acquisition is part of CECO's strategic growth plan, which includes a focus on increasing recurring revenue from aftermarket products and services.

Financially, CECO has shown strong performance, with updated guidance for 2023 projecting revenues between $525 million and $550 million, and adjusted EBITDA between $55 million and $57 million. The company's revenue has been bolstered by a backlog of $394 million, indicating sustained growth and market demand.

CECO's commitment to environmentally sustainable solutions, coupled with its strategic acquisitions and robust financial health, positions it as a leader in industrial environmental technologies. For more information, visit www.cecoenviro.com.

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CECO Environmental Corp. (CECO) will release its first quarter 2024 financial results on April 30, 2024, premarket, and host an earnings call at 8:30 a.m. Eastern Time. The company's financial results and presentation will be available on its website. Details for the webcast and replay are provided.
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CECO Environmental Corp. to participate in the 36th Annual ROTH Conference with CEO and CFO presenting. Event details and investor meetings to be held on March 18, 2024, in Dana Point, CA.
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CECO Environmental Corp. (CECO) reports Q4 and full-year 2023 earnings with multiple financial records, raising full-year 2024 guidance. The company achieved significant growth in revenue, orders, and backlog. Despite a decline in net income, non-GAAP figures showed improvement. CECO's CEO, Todd Gleason, highlighted balanced portfolio contributions, strong organic sales growth, and successful M&A execution. The company's financial outlook for 2024 includes increased revenue and Adjusted EBITDA guidance, reflecting expectations of robust organic growth and operational excellence.
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CECO Environmental Corp. (CECO) will report its Q4 and full year 2023 financial results on March 5, 2024, and host a webcast. The webcast details and registration information are available on the company's website.
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CECO Environmental Corp. has been ranked #20 in Forbes' America’s Most Successful Small-Cap Companies list for 2024. The company has shown positive sales growth, a share price over $5, and strong performance in stock return, sales growth, return on equity, and earnings growth over the last 12 months and five years. CEO Todd Gleason attributes the success to record results, despite global economic challenges, and the company's efforts in restructuring, strategic acquisitions, and increasing the sales pipeline.
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CECO Environmental Corp. (Nasdaq: CECO) announces CEO Todd Gleason's presentation at the 26th Annual Needham Growth Conference on January 17th in New York. The presentation will be available on the company's Investor Relations website.
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CECO Environmental Corp. reported record orders, backlog, revenue, gross profit, and cash flow dollars for the third quarter of 2023. The company also raised its full year 2023 outlook and introduced its 2024 guidance. Orders were up 43% to $145.5 million, with a record backlog of $394.0 million, up 42%. Revenue increased by 38% to $149.4 million, and net income was up 74% to $3.3 million. Adjusted EBITDA rose 64% to $15.1 million. The company also updated its full year 2023 guidance, expecting revenue between $525 and $550 million and adjusted EBITDA between $55 and $57 million. For 2024, revenue is expected to be $575 to $600 million, with adjusted EBITDA of $65 to $70 million.
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CECO Environmental Corp. has announced its investor conference schedule for November 2023. The conferences include Baird's Global Industrial Conference on Nov. 9, the 15th Annual Southwest IDEAS Conference on Nov. 15, and the 14th Annual Craig-Hallum Alpha Select Investor Conference on Nov. 16. The presentations will be available on the company's website.
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CECO Environmental Corp. to report Q3 2023 financial results on November 7, 2023
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CECO Environmental Corp. completes acquisition of Kemco Systems, raises full-year 2023 outlook for revenue and EBITDA.
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FAQ

What is the current stock price of Ceco Environmental (CECO)?

The current stock price of Ceco Environmental (CECO) is $29.97 as of November 20, 2024.

What is the market cap of Ceco Environmental (CECO)?

The market cap of Ceco Environmental (CECO) is approximately 1.0B.

What does CECO Environmental Corp. do?

CECO Environmental Corp. provides engineered technologies for environmental, energy, and fluid handling and filtration segments, serving various industrial markets.

What are CECO's main business segments?

CECO operates through two main segments: Engineered Systems and Industrial Process Solutions.

What industries does CECO serve?

CECO serves industries such as power generation, refinery, wastewater treatment, petrochemical, food and beverage, semiconductor, and electric vehicle production.

Where is CECO Environmental Corp. headquartered?

CECO is headquartered in Dallas, Texas.

What recent acquisition has CECO made?

CECO recently acquired Kemco Systems, a company specializing in industrial water recycling and energy conservation.

What is CECO's financial outlook for 2023?

CECO has projected revenues between $525 million and $550 million and adjusted EBITDA between $55 million and $57 million for 2023.

How long has CECO been in business?

CECO was founded in 1966 and has over 50 years of experience in the industry.

What is CECO's ticker symbol on NASDAQ?

CECO is listed on NASDAQ under the ticker symbol 'CECO'.

What types of solutions does CECO provide?

CECO provides solutions for air quality improvement, energy optimization, and custom applications for various industrial needs.

Where can I find more information about CECO?

More information about CECO can be found on their website at www.cecoenviro.com.

Ceco Environmental Corp

Nasdaq:CECO

CECO Rankings

CECO Stock Data

1.04B
28.99M
17.01%
82.91%
5.24%
Pollution & Treatment Controls
Industrial & Commercial Fans & Blowers & Air Purifing Equip
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United States of America
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