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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. to present at Lake Street 7th Annual Best IDEAS Growth Conference on September 14 in New York.
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CECO Environmental Corp. (Nasdaq: CECO) announces CEO and CFO will present at the Midwest IDEAS Conference on Aug. 24 in Chicago. The presentation will be available on the conference portal and CECO's Investor Relations website.
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CECO Environmental Corp. reports strong Q2 results with record orders, revenue, backlog, gross profit, and adjusted EBITDA. Raises full year 2023 outlook with revenues forecasted to be between $500 and $525 million, up at least 21 percent year over year. Adjusted EBITDA expected to be between $50 and $55 million, up approximately 25 percent year over year.
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CECO Environmental Corp (Nasdaq: CECO) to Report Q2 2023 Financial Results on August 8, 2023
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CECO Environmental Corp. announces upcoming investor conference presentations.
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CECO Environmental Corp. (Nasdaq: CECO) will report its first quarter 2023 financial results on May 9, 2023, before the market opens. The earnings call will commence at 8:30 a.m. Eastern Time. Investors can access the results on the company's website and participate in the call via webcast or phone. CECO is focused on providing environmentally-friendly industrial solutions, improving air and water quality, and enhancing energy efficiency across various sectors, including power generation and semiconductor production. The company continues to position itself in growing markets, which may have implications for its revenue and future growth.

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CECO Environmental Corp. (Nasdaq: CECO) has successfully acquired Transcend Solutions, LLC, a Houston-based company specializing in process filtration solutions. This acquisition enhances CECO's capabilities within its Separation and Filtration business, allowing for improved process fluid separation and filtration across various high-performance applications. Following a pattern of growth, this transaction marks CECO's second acquisition of 2023, highlighting its ongoing M&A strategy initiated in early 2022. CECO anticipates that Transcend could potentially double its revenue within three years by leveraging CECO's global customer network.

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CECO Environmental Corp. (Nasdaq: CECO) reported robust financial results for Q4 and the full year 2022, demonstrating significant growth across key metrics. Orders surged to $150.5 million, up 66%, while revenue reached $116.4 million, a 24% increase. Full-year net income climbed to $17.4 million, up from $1.4 million in 2021. The company raised its 2023 outlook, projecting adjusted EBITDA between $45 and $50 million and revenue between $460 and $485 million. Additionally, CECO maintained a record backlog of $311.7 million, indicating a strong sales pipeline moving forward. CEO Todd Gleason expressed confidence in continuing this growth trajectory.

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FAQ

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

The current stock price of Ceco Environmental (CECO) is $23.475 as of November 1, 2024.

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

The market cap of Ceco Environmental (CECO) is approximately 828.0M.

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

828.04M
34.98M
17.02%
81.13%
4.32%
Pollution & Treatment Controls
Industrial & Commercial Fans & Blowers & Air Purifing Equip
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United States of America
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