Company research
CECO ENVIRONMENTAL CORP
CIK 3197Updated Sep 24, 2026
SecurityCECO · NASDAQ · equity
Historical securities (1)
CECE · OTC · equity · closed Nov 4, 2022CECO price & chart
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NASDAQ:CECO on TradingView ↗About the company
CECO Environmental is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally providing innovative solutions and application expertise. CECO helps companies grow their businesses with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. CECO solutions improve air and water quality, optimize emissions management, and increase energy efficiency for highly-engineered applications in power generation, midstream and downstream hydrocarbon processing and transport, electric vehicle production, polysilicon fabrication, semiconductor and electronics, battery production and recycling, specialty metals and steel production, beverage can production, and water/wastewater treatment and a wide range of other industrial end markets. CECO is listed on Nasdaq under the ticker symbol "CECO." Incorporated in 1966, CECO’s global headquarters is in Addison, Texas. For more information, please visit www.cecoenviro.com.
In the news
CECO Environmental to Release Second Quarter 2026 Earnings and Host Conference Call on August 6 ↗
Are MASI, CECO, MPX Obtaining Fair Deals for their Shareholders? ↗
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CECO Environmental Corp. - CECO News provided by Pomerantz LLP Jan 28, 2025, 22:00 ET Share this article Share to X Share this article Share to X NEW YORK , Jan. 28, 2025 /PRNewswire/ -- Pomerantz LLP is investigatin ↗
Seeking Alpha
CECO Environmental Corp. (CECO) Presents at Morgan Stanley's 14th Annual Laguna Conference - Slideshow ↗
CECO Environmental Corp. (CECO) Presents at Jefferies Global Industrials Conference 2026 - Slideshow ↗
CECO Environmental Corp. (CECO) Presents at Lake Street 10th Annual Best Ideas Growth Conference - Slideshow ↗
Recent filings
SCHEDULE 13G/A filing
SCHEDULE 13G/A filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G/A filing
Show 5 more recent filings
Financial Statements and Exhibits
Items 9.01
144 filing
4 filing
Regulation FD Disclosure
Items 7.01, 9.01
S-8 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 893,769,000Source | 759,699,000Source | 600,291,000Source | 504,721,000Source |
| Property, Plant and Equipment, NetUSD | 47,808,000Source | 33,810,000Source | 26,237,000Source | 20,828,000Source |
| GoodwillUSD | 288,163,000Source | 269,747,000Source | 211,326,000Source | 183,197,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 33,144,000Source | 37,832,000Source | 54,779,000Source | 45,522,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 172,909,000Source | 159,572,000Source | 112,733,000Source | 83,086,000Source |
| Inventory, NetUSD | 53,996,000Source | 42,624,000Source | 34,089,000Source | 26,526,000Source |
| Assets, CurrentUSD | 410,182,000Source | 330,971,000Source | 281,437,000Source | 240,658,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 29,450,000Source | 16,859,000Source | 11,769,000Source | 12,174,000Source |
| Operating Lease, Right-of-Use AssetUSD | 28,251,000Source | 25,102,000Source | 16,256,000Source | 11,373,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 570,587,000Source | 507,806,000Source | 362,800,000Source | 286,573,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | — |
| Common Stock, Value, IssuedUSD | 355,000Source | 349,000Source | 348,000Source | 344,000Source |
| Retained Earnings (Accumulated Deficit)USD | 56,621,000Source | 6,570,000Source | -6,387,000Source | -19,298,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -8,901,000Source | -14,441,000Source | -16,274,000Source | -17,996,000Source |
| Stockholders' Equity Attributable to ParentUSD | 317,528,000Source | 247,689,000Source | 232,643,000Source | 213,224,000Source |
| Additional Paid in Capital, Common StockUSD | 269,453,000Source | 255,211,000Source | 254,956,000Source | 250,174,000Source |
| Liabilities and EquityUSD | 893,769,000Source | 759,699,000Source | 600,291,000Source | 504,721,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 305,830,000Source | 244,662,000Source | 203,106,000Source | 146,700,000Source |
| Operating Lease, Liability, CurrentUSD | 4,642,000Source | 4,262,000Source | 4,278,000Source | 3,228,000Source |
| Accounts Payable, CurrentUSD | 117,848,000Source | 109,671,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 22,961,000Source | 20,230,000Source | 11,417,000Source | 8,453,000Source |
| Deferred Income Tax Liabilities, NetUSD | 27,920,000Source | 11,322,000Source | 8,838,000Source | 8,666,000Source |
| Other Liabilities, NoncurrentUSD | 3,317,000Source | 14,362,000Source | 12,644,000Source | 15,129,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 5,654,000Source | 4,204,000Source | 4,848,000Source | 4,924,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 57,639,000Source | 47,528,000Source | 44,301,000Source | — |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | -2,085,000Source | -2,085,000Source | -4,778,000Source | -6,003,000Source |
| Deferred Tax Liabilities, NetUSD | 27,471,000Source | 10,356,000Source | 8,534,000Source | 7,837,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 1,879,000Source | 1,650,000Source | 10,488,000Source | 3,579,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 210,559,000Source | 217,230,000Source | 126,795,000Source | 107,625,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 53,107,000Source | 14,421,000Source | 14,501,000Source | 18,263,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 24,882,000Source | 14,523,000Source | 12,507,000Source | 10,614,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 13,105,000Source | 7,514,000Source | 4,533,000Source | 3,895,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 6,772,000Source | 52,355,000Source | 26,851,000Source | 6,751,000Source |
| Increase (Decrease) in InventoriesUSD | 3,176,000Source | 9,814,000Source | 6,896,000Source | 6,023,000Source |
| Deferred Income Tax Expense (Benefit)USD | 6,312,000Source | -3,606,000Source | -118,000Source | -39,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 5,861,000Source | 24,828,000Source | 44,647,000Source | 29,649,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,076,000Source | -105,312,000Source | -56,486,000Source | -48,257,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 11,343,000Source | 17,368,000Source | 8,384,000Source | 3,376,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 5,000,000Source | 0Source | 7,020,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -11,558,000Source | 65,910,000Source | 21,144,000Source | 38,176,000Source |
| Repayments of Long-term DebtUSD | 2,203,000Source | 113,982,000Source | 4,985,000Source | 3,120,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -4,974,000Source | -17,247,000Source | 8,863,000Source | 14,590,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 20,408,000Source | 13,335,000Source | 12,098,000Source | 5,007,000Source |
| Income Taxes Paid, NetUSD | 24,731,000Source | 9,550,000Source | 9,916,000Source | 5,378,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,798,000Source | -2,673,000Source | -442,000Source | -4,978,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 12,200,000Source | 7,200,000Source | 4,300,000Source | 3,900,000Source |
| Amortization of Intangible AssetsUSD | 16,100,000Source | 8,700,000Source | 7,400,000Source | 7,000,000Source |
| DepreciationUSD | 8,700,000Source | 5,800,000Source | 5,100,000Source | 3,600,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -2,200,000Source | -4,300,000Source | 1,200,000Source | 6,300,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 2,057,000Source | -2,664,000Source | 1,041,000Source | 1,284,000Source |
| Gain (Loss) on Disposition of BusinessUSD | -2,104,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -60,000Source | -191,000Source | -110,000Source | -10,000Source |
| GoodwillUSD | 288,163,000Source | 269,747,000Source | 211,326,000Source | 183,197,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 0Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 29,738,000Source | 3,270,000Source | 7,024,000Source | 5,426,000Source |
| Inventory Write-downUSD | -400,000Source | 1,100,000Source | 1,100,000Source | 100,000Source |
| Net Income (Loss) Attributable to ParentUSD | 50,051,000Source | 12,957,000Source | 12,911,000Source | 17,417,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,056,000Source | 1,464,000Source | 1,590,000Source | 846,000Source |
| Other Nonoperating Income (Expense)USD | -2,101,000Source | -4,692,000Source | 372,000Source | 6,947,000Source |
| Other Operating Income (Expense), NetUSD | -619,000Source | — | — | — |
| Payments of Financing CostsUSD | 0Source | 1,924,000Source | 363,000Source | 130,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 0Source | 75,000,000Source | 11,000,000Source |
| Restructuring CostsUSD | 700,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 774,381,000Source | 557,933,000Source | 544,845,000Source | 422,627,000Source |
| Cost of RevenueUSD | 505,155,000Source | 361,786,000Source | 373,829,000Source | 294,402,000Source |
| Selling, General and Administrative ExpenseUSD | 200,728,000Source | 146,698,000Source | 122,944,000Source | 93,473,000Source |
| Operating Income (Loss)USD | 105,859,000Source | 35,403,000Source | 34,569,000Source | 22,161,000Source |
| Other Nonoperating Income (Expense)USD | -2,101,000Source | -4,692,000Source | 372,000Source | 6,947,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 82,845,000Source | 17,691,000Source | 21,525,000Source | 23,689,000Source |
| Income Tax Expense (Benefit)USD | 29,738,000Source | 3,270,000Source | 7,024,000Source | 5,426,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,056,000Source | 1,464,000Source | 1,590,000Source | 846,000Source |
| Net Income (Loss) Attributable to ParentUSD | 50,051,000Source | 12,957,000Source | 12,911,000Source | 17,417,000Source |
| Earnings Per Share, BasicUSD per share | 1.42Source | 0.37Source | 0.37Source | 0.5Source |
| Earnings Per Share, DilutedUSD per share | 1.37Source | 0.36Source | 0.37Source | 0.5Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 35,331,105Source | 34,927,313Source | 34,665,473Source | 34,672,007Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 36,603,956Source | 36,381,910Source | 35,334,090Source | 35,005,159Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 16,100,000Source | 8,700,000Source | 7,400,000Source | 7,000,000Source |
| Current Income Tax Expense (Benefit)USD | 23,426,000Source | 6,942,000Source | 7,147,000Source | 7,600,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -2,200,000Source | -4,300,000Source | 1,200,000Source | 6,300,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 269,226,000Source | 196,147,000Source | 171,016,000Source | 128,225,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 63,690,000Source | 8,222,000Source | 7,444,000Source | 11,971,000Source |
| Interest ExpenseUSD | 20,913,000Source | 13,020,000Source | 13,416,000Source | 5,419,000Source |
| Other Cost and Expense, OperatingUSD | 1,600,000Source | — | — | — |
| Other Operating Income (Expense), NetUSD | -619,000Source | — | — | — |
| Restructuring CostsUSD | 700,000Source | — | — | — |
Offerings
Registration 333-294924
Filing attachments
ceco-ex99_1.htm · 8-K · 2026-08-10
EX-99.1 2 ceco-ex99_1.htm EX-99.1 EX-99.1 CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2026 RESULTS Record-Setting Second Quarter Highlighted by Strong Orders, Up 191 Percent and Backlog Above $1.8 Billion Thermon Integration Delivering Synergies Ahead of Plan Company Raises Full Year Consolidated 2026 Outlook ADDISON, TX (August 10, 2026) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, t…
Read attachment ↗tm2621629d1_ex99-1.htm · 8-K/A · 2026-08-03
EX-99.1 3 tm2621629d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION On February 23, 2026, CECO Environmental Corp. (“CECO” or the “Company”), a Delaware corporation, Longhorn Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of CECO (“Merger Sub Inc.”), Longhorn Merger Sub LLC, a Delaware limited liability company and a direct wholly owned subsidiary of CECO (“Merger Sub LLC”), and Thermon Group Holdings, Inc. …
Read attachment ↗ceco-ex99_1.htm · 8-K · 2026-06-09
EX-99.1 2 ceco-ex99_1.htm EX-99.1 EX-99.1 CECO Environmental Provides Post-Closing Update on Thermon Transaction Updates Full Year 2026 Outlook to Incorporate Combination ADDISON, Texas, June 9, 2026 - CECO Environmental Corp. (Nasdaq: CECO) (“CECO” or the “Company”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today updated investors on the recent acquisition of Thermon Group Holdings, Inc. (“…
Read attachment ↗tm2616015d2_ex99-1.htm · 8-K · 2026-06-01
EX-99.1 4 tm2616015d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 CECO Environmental Completes Acquisition of Thermon Group Holdings Company Announces Investor Call for June 9 th ADDISON, Texas, June 1, 2026 - CECO Environmental Corp. (Nasdaq: CECO) (“CECO”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced the completion of its previously announced strategic combination with Thermon Group …
Read attachment ↗tm2615816d1_ex99-1.htm · 8-K · 2026-05-28
EX-99.1 3 tm2615816d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 CECO Environmental and Thermon Group Holdings Announce that their respective Stockholders Approved the Strategic Combination and Provide Update on Election Results ADDISON, Texas, and AUSTIN, Texas, May 28, 2026 - CECO Environmental Corp. (Nasdaq: CECO) (“CECO”) and Thermon Group Holdings, Inc. (NYSE: THR) (“Thermon”) announced that both companies’ stockholders overwhelmingly voted to approve the previously announced strategic comb…
Read attachment ↗ceco-ex99_1.htm · 8-K · 2026-04-28
EX-99.1 2 ceco-ex99_1.htm EX-99.1 EX-99.1 CECO ENVIRONMENTAL REPORTS FIRST QUARTER 2026 RESULTS Strong First Quarter Results Highlighted by Orders up 97 Percent and Backlog Eclipsing $1B Largest Natural Gas Power Order in Company History Booked in April 2026 Company Raises Full Year 2026 Guidance ADDISON, TX (April 28, 2026) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environme…
Read attachment ↗