Core Viewpoint - CECO Environmental Corp. reported record bookings of $219 million in Q4 2024, leading to a year-end backlog of $541 million, and reaffirmed its full-year 2025 outlook with expected revenue growth of approximately 30% year-over-year [1][9][10]. Summary by Relevant Sections Highlights for the Quarter - Fourth quarter operating income was $11.3 million, down 11% from $12.7 million in Q4 2023. Adjusted non-GAAP operating income was $15.6 million, down 4% from $16.3 million [5]. - Net income for the quarter was $4.9 million, an increase of 26% compared to $3.9 million in Q4 2023. Non-GAAP net income was $9.9 million, down 2% from $10.1 million [5]. - Adjusted EBITDA was $19.0 million, reflecting a margin of 12.0%, down 2% from $19.4 million in Q4 2023 [5]. Highlights for the Year - Full year operating income was $35.4 million, up from $34.6 million in 2023. Adjusted non-GAAP operating income increased to $49.4 million from $48.1 million [6]. - Total revenue for the year was $557.9 million, a 2% increase from $544.8 million in 2023. Gross profit rose to $196.1 million, up 15% from $171.0 million [6]. - The company completed three acquisitions, enhancing its market leadership in the Industrial Air sector [6]. 2025 Full Year Guidance - CECO maintains its 2025 revenue outlook of $700 to $750 million, representing a year-over-year increase of approximately 30% at the midpoint. Adjusted EBITDA is expected to be between $90 to $100 million, up approximately 50% at the midpoint compared to 2024 [9][10]. - The guidance reflects strong visibility from the record backlog and robust bookings, alongside the impact of recent acquisitions [10]. Strategic Initiatives - The company has completed four strategic acquisitions in the past six months, including Profire Energy, which are expected to enhance growth markets and service capabilities [8]. - CECO upgraded its credit facility to include a $400 million revolver and anticipates finalizing the sale of its Fluid Handling Business in late Q1 2025 [8].

Group 1 - CECO Environmental Corp. will report its fourth quarter 2024 financial results on February 25, 2025, premarket [1] - The earnings call will start at 8:30 a.m. Eastern Time on the same day [2] - Financial results and presentation will be available on the company's website [1] Group 2 - CECO Environmental is a diversified industrial company focused on environmentally friendly solutions [3] - The company serves various industrial markets including air, water, and energy transition through its Engineered Systems and Industrial Process Solutions segments [3] - CECO aims to improve air quality and provide custom solutions for multiple applications such as power generation, petrochemical processing, and battery recycling [3]

Investors in CECO Environmental Corp. (CECO) need to pay close attention to the stock based on moves in the options market lately. That is because the May 16, 2025 $25 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

The growing adoption of renewable energy sources, coupled with the rising demand for alternative fuels and the increasing popularity of electric vehicles, has impacted the outlook of the Zacks Pollution Control industry. Another concern for industry players is the shortage of skilled labor in the United States.However, strong demand for air pollution control products, arising from increasing greenhouse gas emissions and growing public awareness of the health related risks, has been allowing the industry par ...

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of CECO Environmental Corp. ("CECO" or the "Company") (NASDAQ: CECO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether CECO and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On January 16, 2025, CECO ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

Q4 Revenue and EBITDA Negatively Impacted by Customer-Driven Project DelaysTremendous Q4 Bookings at Over $210 million Establishes New Record and Highest-Ever Backlog Completed Acquisition of Verantis in Late Q4 and Announces Intention to Divest Fluid Handling Business2025 Full Year Outlook Affirmed ADDISON, Texas, Jan. 16, 2025 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) ("CECO" or the "Company"), a leading environmentally focused, diversified industrial company whose solutions protect peopl ...

ADDISON, Texas, Jan. 09, 2025 (GLOBE NEWSWIRE) -- 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 closing of its acquisition of Profire Energy, Inc., as of January 3, 2025, (formerly NASDAQ:PFIE) ("Profire"), a technology company and industry-leading provider of intelligent control solutions that enhance the efficiency, safety, and reliability of i ...

ADDISON, Texas, Jan. 07, 2025 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announces that CECO Management will present at the following investor conference in January: January 17, 2025 – The 27th Annual Needham Growth Conference Virtual – 9:30 am ET presentation and conducting meetings throughout the day. The webcast presentation will be available ...

ADDISON, Texas, Dec. 05, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) (together with its consolidated subsidiaries and affiliates, “CECO”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), applicable to CECO’s tender offer for Profire Energy, Inc. (Nasdaq: PFIE) (“PFIE”) expir ...