UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 per share CECE The NASDAQ Stock Market LLC FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities E ...

Q1'22 Earnings Release May 10, 2022 Forward‐looking statements and Non‐GAAP information 2 This presentation contains forward‐looking statements with predictions, projections and other statements about future events. These statements are made on the basis of management's views and assumptions regarding future events and business performance. We use words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "plan," "should" and similar expressions to identify forwar ...

CECO Environmental Corp (CECE) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Steven Hooser - IR Todd Gleason - CEO & Director Matthew Eckl - CFO Conference Call Participants Amit Dayal - H.C. Wainwright & Co. Rob Brown - Lake Street Capital Markets Gerard Sweeney - ROTH Capital Partners William Dezellem - Tieton Capital Management Operator Good morning, and welcome to the CECO Environmental Corporation First Quarter 2022 Earnings Call. [Operator Instructions]. I would now lik ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-07099 CECO ENVIRONMENTAL CORP. (Exact name of registrant as specified in its charter) Delaware 13-2566064 (State or other jurisdictio ...

CECO Environmental Corp. (CECE) Q4 2021 Earnings Conference Call March 14, 2022 8:30 AM ET Company Participants Matt Eckl – Chief Financial Officer Todd Gleason – Chief Executive Officer Conference Call Participants Jim Ricchiuti – Needham & Company Sameer Joshi – H.C. Wainwright Bill Dezellem – Tieton Capital Operator Good morning. And welcome to CECO Environmental Conference Call. [Operator Instructions] Please note that this event is being recorded. I'd like to turn the conference over to Matt Eckl, Chie ...

Q4'21 Earnings Release March 14, 2022 CECC. Forward-Looking Statements and Non-GAAP Information This presentation contains forward-looking statements with predictions, projections and other statements about future events. These statements are made on the basis of management's views and assumptions regarding future events and business performance. We use words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "plan," "should" and similar expressions to identify ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-7099 CECO ENVIRONMENTAL CORP. | --- | --- | --- | |-----------------------------------------|--------------------------------------------- ...

24th Annual Needham Growth Conference January 13, 2022 Forward Looking Statement and Non-GAAP Information This presentation contains forward-looking statements with predictions, projections and other statements about future events. These statements are made on the basis of management's views and assumptions regarding future events and business performance. We use words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "plan," "should" and similar expressions to ...

Financial Data and Key Metrics Changes - CECO reported a 39% year-over-year growth in orders for Q3 2021, with a year-to-date increase of 33% [6][18] - Revenue for Q3 2021 was $80 million, reflecting a modest 3% year-over-year increase, but was impacted by approximately $10 million due to COVID-related delays and supply chain issues [13][28] - Gross margins for Q3 2021 were 28.4%, significantly below the historical average of 32% to 34%, indicating operational challenges [14][39] - Non-GAAP EPS was $0.01 for the quarter, down $0.10 year-over-year, primarily due to lower sales and gross margins [49] Business Line Data and Key Metrics Changes - Industrial air orders increased by almost 80% year-to-date, driven by strong demand in various sectors including electric vehicle manufacturing [19] - The emissions management platform saw the largest orders growth year-to-date at 118%, with expectations for continued growth as the power generation market recovers [21] - Fluid handling business experienced a 17% year-to-date orders growth, supported by strong automotive markets [20] - The separation and filtration platform was the only business line with declining orders year-to-date, although signs of improvement are anticipated [22] Market Data and Key Metrics Changes - CECO's sales funnel remains robust at over $2 billion, indicating strong future order expectations [12][26] - The backlog stood at approximately $219 million, reflecting a positive book-to-bill ratio of 1.2x year-to-date [37] Company Strategy and Development Direction - The company is focused on strategic transformation and growth, including investments in sales and marketing, and a successful stock buyback program [11][27] - CECO aims to improve margins and operational execution, with expectations for better performance in Q4 2021 and 2022 [7][60] - The company is exploring M&A opportunities to enhance its portfolio and address environmental challenges, particularly in CO2 and methane solutions [96][100] Management's Comments on Operating Environment and Future Outlook - Management acknowledged unprecedented challenges in Q3 due to supply chain disruptions, inflation, and labor shortages, which impacted financial performance [10][81] - There is optimism for improved gross margins starting in Q4 2021, as the company has begun to address execution issues and pricing strategies [70][81] - Management expects to see a rebound in revenue and margins as the backlog translates into sales over the coming quarters [58][60] Other Important Information - CECO executed a share buyback of approximately $3.7 million in Q3 2021, completing its $5 million repurchase authorization [54][55] - The company has maintained a strong balance sheet, reducing debt to $67 million and having $45 million of capacity available for future growth [52][53] Q&A Session Summary Question: Dynamics of cost pressures and backlog profit profile - Management indicated that while margins were lower than historical averages, they expect to see improvements in gross margins starting in Q4 2021 as pricing actions take effect [67][70] Question: Resolution of supply chain issues - Management confirmed that execution issues were primarily external, but they have made significant progress in addressing these challenges as they enter Q4 [78][81] Question: Backlog adjustments and cancellations - Management noted minor cancellations but emphasized that the backlog remains strong, with no significant weaknesses observed [84][86] Question: Changes in logistics costs and delivery - Management highlighted that logistics costs increased in Q3 due to expedited freight needs and delays in project timelines, which were not present in Q2 [89][91] Question: Industry focus on CO2 and methane solutions - Management expressed confidence that industry demand for solutions addressing CO2 and methane is growing, and CECO is preparing to meet these needs through strategic investments and potential acquisitions [96][100]

Q3'21 Earnings Release November 8, 2021 Forward-Looking Statements and Non-GAAP Information This presentation contains forward-looking statements with predictions, projections and other statements about future events. These statements are made on the basis of management's views and assumptions regarding future events and business performance. We use words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "plan," "should" and similar expressions to identify forw ...