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Organic Living Soil LLC Joins Easy Environmental Solutions as Exclusive Dealer in Louisiana and Mississippi Following Initial Shipment
Globenewswire· 2025-05-29 12:40
Core Viewpoint - Digital Utilities Ventures, Inc., now known as Easy Environmental Solutions Inc., has partnered with Organic Living Soil, LLC to become the exclusive dealer and warehouser for its proprietary product Terreplenish® in Louisiana and Mississippi, focusing on sustainable agricultural solutions and water remediation [1][8]. Company Overview - Easy Environmental Solutions Inc. is an innovative company focused on developing modular technologies aimed at solving major global issues, with a strong emphasis on sustainability and efficiency [10]. Product Details - Terreplenish® is a proprietary organic microbial solution that acts as an alternative to chemical fertilizers, consisting of live-active microbes and green biomass, which revitalizes soil biology and reduces chemical dependency [3][6]. - The product delivers up to 60 lbs. of plant-available nitrogen and 20 lbs. of phosphorus per acre, requiring up to 20% less irrigation, while enhancing plant immunity and resistance to disease [3]. Environmental Impact - Terreplenish® is also effective in cleaning ponds and lakes by eradicating algae and other surface formulations, providing a non-chemical solution for water systems in hospitals, schools, and recreational areas [6][9]. - The microbes in Terreplenish® are naturally reproductive, continuously consuming pond algae as a food source, thus promoting a healthier aquatic environment [6]. Strategic Growth - The partnership with Organic Living Soil marks a significant step in Easy Environmental Solutions' expansion from a regional to a national and international presence, addressing the growing need for soil and water restoration [8][9].
CECO Environmental Announces Upcoming Investor Conferences
Globenewswire· 2025-05-06 11:00
Company Contact: Peter Johansson Chief Financial and Strategy Officer 888-990-6670 Investor Relations Contact: ADDISON, Texas, May 06, 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 participate at the following investor conferences: The presentations will be available on the Investor Relations section of the C ...
CECO Environmental(CECO) - 2025 Q1 - Earnings Call Transcript
2025-04-29 13:32
Financial Data and Key Metrics Changes - CECO Environmental reported record bookings of approximately $228 million, up 57% year-over-year, with a sales pipeline exceeding $5 billion for the first time [7][8][12] - Revenue for Q1 2025 was $177 million, representing a 40% increase year-over-year, with adjusted EBITDA at $14 million, slightly above expectations [12][39] - The company exited the quarter with a backlog of $602 million, up 55% year-over-year, marking the first time the backlog exceeded $600 million [11][37] Business Line Data and Key Metrics Changes - The recent acquisitions contributed approximately 28% of the revenue growth, while organic growth was driven by project execution against the record backlog [12][39] - The company divested its Global Pump Solutions business, which contributed about $10 million to revenue in the quarter [39][34] Market Data and Key Metrics Changes - CECO's sales pipeline has grown significantly, with nearly a dozen opportunities each valued over $50 million, indicating strong future potential [8][12] - The company noted continued strength in various sectors, including gas infrastructure and nuclear, despite not booking large orders in the power generation market [71][76] Company Strategy and Development Direction - CECO is maintaining its full-year 2025 guidance, focusing on price and productivity measures to offset tariff impacts [10][33] - The company is committed to expanding its portfolio with a focus on reshoring, power generation, and water infrastructure, aligning with macroeconomic trends [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience amid market uncertainties, emphasizing the importance of geographic and vertical market positioning [17][20] - The company remains optimistic about future order bookings in the power sector, anticipating significant contract awards in the coming quarters [56][57] Other Important Information - CECO's gross profit margin for Q1 2025 was approximately 35.2%, consistent with recent quarters, attributed to operational excellence and improved project execution [43][42] - The company is focused on IT infrastructure investments, particularly in a unified ERP system, while maintaining a capital-light approach [85][86] Q&A Session Summary Question: How does the power-related pipeline look at this point? - Management indicated a strong pipeline exceeding $1 billion, with various solutions including emissions and gas infrastructure, and expects large contract awards in the power sector soon [56][57] Question: How does the company handle cost changes and tariff impacts after booking a contract? - Most contracts allow for pass-through of tariff-related increases, and the company is actively working with suppliers to manage costs and maintain visibility [59][60] Question: Can you discuss the mix of the $228 million in orders? - The orders were balanced across various platforms, with notable strength in gas infrastructure and nuclear projects, despite no large orders from the power sector [70][71] Question: What areas of investment are planned for the rest of 2025? - The primary investment focus is on IT infrastructure, specifically a unified ERP system, with modest capital expenditures expected for traditional equipment [85][86] Question: What impact might defense spending have on the business? - While not a direct defense contractor, CECO expects indirect benefits from increased factory construction and power infrastructure investments in response to geopolitical situations [87][89]
Montrose Environmental Group Announces Timing of First Quarter 2025 Results
Prnewswire· 2025-04-22 13:00
LITTLE ROCK, Ark., April 22, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, and aims to enhance environmental stewardship and economic development. The Company announced today the planned dates for its first quarter 2025 results and conference call. On Wednesday, May 7, 2025, after the close of trading on the New York Stock Exchange, Montrose intends t ...
CECO Environmental Announces Completion of the Divestiture of Its Fluid Handling Business to May River Capital
GlobeNewswire News Room· 2025-04-01 11:00
Core Viewpoint - CECO Environmental Corp. has successfully completed the divestiture of its Fluid Handling business, known as Global Pump Solutions (GPS), to May River Capital for an enterprise value of approximately $110 million, effective March 31, 2025 [1][2][4]. Group 1: Transaction Details - The transaction was executed for a cash payment of approximately $110 million at closing [2]. - Proceeds from the divestiture will be utilized to pay down debt and fund future strategic growth investments [2]. Group 2: Business Overview - The GPS business includes three niche brands: Dean, Fybroc, and Sethco, specializing in severe service industrial pumps [3]. - GPS operates from locations in Indianapolis, Indiana, and Telford, Pennsylvania, serving over 1,500 customers globally [3]. Group 3: Strategic Implications - The divestiture allows CECO to better align its portfolio with high growth opportunities in energy and industrial markets [4]. - The sale follows recent acquisitions of Verantis Environmental and Profire Energy, creating additional capacity for further investments in CECO's growth and business expansion [4]. Group 4: Company Background - CECO Environmental is a diversified industrial company focused on environmentally friendly solutions across industrial air, water, and energy transition markets [5]. - The company provides innovative technology and application expertise to improve air quality and optimize the energy value chain [5]. Group 5: Buyer Information - May River Capital is a private equity firm based in Chicago, focusing on lower middle-market industrial growth businesses [6]. - The firm invests in advanced manufacturing, engineered products, specialized industrial services, and value-added industrial distribution services [6].