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.
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.
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.
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.
CECO Environmental Corp. (Nasdaq: CECO) announced that Peter Johansson, the Chief Financial and Strategy Officer, will participate in the 35th Annual ROTH Conference on March 13, 2023, in Dana Point, CA. This event provides a platform for investor meetings, emphasizing CECO's commitment to engaging with stakeholders. CECO is noted for its innovative solutions in industrial air, water, and energy markets, enhancing efficiency and environmental protection. For more details, visit www.cecoenviro.com.
CECO Environmental Corp. (Nasdaq: CECO) announced it will report its Q4 and full-year 2022 financial results on March 6, 2023, before market opening. An earnings call will follow at 8:30 a.m. ET. Investors can access results via the company's website. CECO focuses on solutions that enhance environmental safety and efficiency, serving various industrial markets globally. The report may provide key insights into revenue, earnings per share (EPS), and overall financial health, critical for investors.
CECO Environmental Corp. (Nasdaq: CECO) has completed the acquisition of UK-based Wakefield Acoustics, Ltd., a leader in industrial noise control systems. This acquisition enhances CECO's Thermal Acoustics platform, introducing new solutions and expanding into additional geographic markets. With an expected revenue of over $10 million in 2023, the integration aims to bolster CECO's position in the industrial silencing sector. CECO CEO Todd Gleason highlighted the strategic growth potential in energy and green markets in Europe. Wakefield's experience in acoustics will support CECO's mission for sustainable growth.
CECO Environmental Corp. (NASDAQ: CECO) announced that it expects fourth-quarter 2022 orders to exceed $145 million, marking a 60% increase year-over-year and 42% sequential growth. This positions the company near record backlog levels. CEO Todd Gleason highlighted the strong growth in orders and ongoing market opportunities, emphasizing CECO's role in industrial air, water, and energy transition sectors. A full earnings report is expected in early March 2023.
CECO Environmental Corp. (Nasdaq: CECO), an environmentally focused industrial company, will present at the 25th Annual Needham Growth Conference on January 10, 2023, at 3:00 PM Eastern Time. CEO Todd Gleason and CFO Peter Johansson will lead the presentation, which is accessible via the Needham conference portal and on their website. CECO provides innovative solutions for industrial air, water, and energy transition markets, enhancing air and water quality while optimizing emissions management and energy efficiency. For further information, visit www.cecoenviro.com.
CECO Environmental Corp. (Nasdaq: CECO) will present at the Southwest IDEAS Conference on November 16, 2022, at 10:15 AM Central Time in Dallas. CEO Todd Gleason will lead the presentation, with one-on-one investor meetings scheduled throughout the day. The event focuses on CECO's commitment to environmentally focused, diversified industrial solutions, enhancing air and water quality while boosting energy efficiency across various industrial sectors. A live webcast and archived replay will be available on the conference and CECO's Investor Relations websites.
CECO Environmental Corp. (Nasdaq: CECO) reported robust financial results for Q3 2022, with orders rising to $101.7 million (up 10%) and revenue reaching $108.4 million (up 36%). Net income improved to $1.9 million, a significant turnaround from a loss in the same quarter last year. Adjusted EBITDA soared 156% to $9.2 million. The company increased its full-year 2022 revenue guidance to exceed $410 million and outlined a favorable 2023 outlook, expecting revenue between $450-$475 million.
FAQ
What is the current stock price of Ceco Environmental (CECO)?
What is the market cap of Ceco Environmental (CECO)?
What does CECO Environmental Corp. do?
What are CECO's main business segments?
What industries does CECO serve?
Where is CECO Environmental Corp. headquartered?
What recent acquisition has CECO made?
What is CECO's financial outlook for 2023?
How long has CECO been in business?
What is CECO's ticker symbol on NASDAQ?
What types of solutions does CECO provide?
Where can I find more information about CECO?
