CECO Environmental(CECO)
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CECO Environmental: Interesting Times As Expectations Rise
Seeking Alpha· 2024-10-31 13:08
If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!CECO Environmental (NASDAQ: CECO ) has undergone a real transformation in recent years, having demonstrated on impressive growth in the order intake and revenues while expanding margins. This has ...
CECO Environmental(CECO) - 2024 Q3 - Earnings Call Presentation
2024-10-29 16:19
Q3 2024 Earnings Report October 29, 2024 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 for ...
CECO Environmental(CECO) - 2024 Q3 - Earnings Call Transcript
2024-10-29 16:18
CECO Environmental Corp. (NASDAQ:CECO) Q3 2024 Results Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Steven Hooser - Investor Relations, Three Part Advisors, LLC Todd Gleason - Chief Executive Officer Peter Johansson - Chief Financial and Strategy Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Aaron Spychalla - Craig-Hallum Capital Group Gerard Sweeney - ROTH-MKM Jim Ricchiuti - Needham & Company Bobby Brooks - Northland Capital Markets Sameer Joshi ...
CECO Environmental (CECO) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-10-29 12:25
CECO Environmental (CECO) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -36.36%. A quarter ago, it was expected that this maker of air pollution controls and industrial ventilation systems would post earnings of $0.16 per share when it actually produced earnings of $0.20, deliverin ...
CECO Environmental(CECO) - 2024 Q3 - Quarterly Report
2024-10-29 10:51
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 September 30, 2024 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 https://files.rep CECO ENVIRONMENTAL CORP. (Exact name of registrant as specified in its charter) Delaware 13-2566064 (Stat ...
CECO Environmental(CECO) - 2024 Q3 - Quarterly Results
2024-10-29 10:48
https://files.reportify.cc/ CECO ENVIRONMENTAL REPORTS THIRD QUARTER 2024 RESULTS Company Produces Record Q3 Bookings and Highest-Ever Backlog Q3 Revenue and Income Impacted by Customer-Driven Project Delays Announced the Acquisition of Profire Energy (Nasdaq: PFIE) for $125 Million Completed Acquisition of WK, in Early October Updates FY24 Guidance and Introduces 2025 Outlook DALLAS (October 29, 2024) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified indust ...
CECO Environmental to Acquire Profire Energy for $125 Million
GlobeNewswire News Room· 2024-10-29 10:00
Expands CECO's leadership position in niche energy and industrial markets with expanded environmental solutions for mission critical applications Provides cost synergies and enhances Profire's strategic growth by utilizing CECO's established international operations and customer relationships CECO to host its Quarterly Earnings call today at 8:30 a.m. ET including further commentary regarding the transaction DALLAS and LINDON, Utah, Oct. 29, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) ( ...
CECO Environmental Upsizes Credit Facility to $400 Million
GlobeNewswire News Room· 2024-10-15 11:15
DALLAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, has announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility. This expansion from the existing $246 million aggregate capacity underscores CECO's strategic commitment to str ...
Zacks Industry Outlook Tetra Tech, Casella Waste Systems, Atmus Filtration Technologies and CECO Environmental
ZACKS· 2024-09-18 09:51
Industry Overview - The Zacks Pollution Control industry is experiencing growth driven by increasing demand for air pollution control products due to rising greenhouse gas emissions and heightened public awareness of health risks [1][5] - Stringent regulations and emission standards globally are expected to further boost demand for pollution control equipment [6][8] - The industry includes companies providing innovative filtration systems, waste management solutions, and energy recovery devices across various sectors [3][4] Major Trends - Solid demand for air pollution control products is fueled by rapid urbanization and the need to mitigate health hazards associated with air pollution [5] - Strict government regulations aimed at protecting the environment are enhancing the demand for pollution control technologies [6] - The ongoing Russia-Ukraine conflict is prompting U.S. shale drillers to consider adding more oil rigs, which may increase the demand for pollution control services [7] Company Highlights - **Tetra Tech, Inc. (TTEK)**: A leading provider of consulting and engineering services, benefiting from U.S. government infrastructure priorities. The company has seen a 45% stock increase over the past year and has consistently beaten earnings estimates [15][16] - **Atmus Filtration Technologies Inc. (ATMU)**: A key player in the industrial filtration market, with a 57.9% stock increase in the past year. The company has also consistently surpassed earnings estimates [17][18] - **CECO Environmental Corp. (CECO)**: Focused on industrial air quality and water treatment solutions, CECO has experienced a 76.1% stock surge in the past year and has met or exceeded earnings estimates in most recent quarters [19][20] - **Casella Waste Systems, Inc. (CWST)**: A vertically integrated solid waste services company with a 30.2% stock increase over the past year, benefiting from increased demand for solid waste services [21][22] Industry Performance - The Zacks Pollution Control industry has outperformed the broader S&P 500 index and the Industrial Products sector, appreciating 29% over the past year compared to 16.8% and 25.8% for the sector and index, respectively [13] - The industry's current forward P/E ratio is 26.50X, higher than the S&P 500's 21.45X and the sector's 19.05X, indicating strong valuation relative to the broader market [14]
CECO Environmental Announces Upcoming Investor Conferences
GlobeNewswire News Room· 2024-08-19 11:00
DALLAS, Aug. 19, 2024 (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 conferences: August 29, 2024 – 15th Annual Midwest IDEAS Conference in Chicago. September 5, 2024 – Jefferies Industrials Conference in New York. September 12, 2024 – Lake Street Investor Conference in New York. T ...