Financial Data and Key Metrics Changes - The company reported a record backlog of $720 million, up approximately 64% year-over-year and 5% sequentially [6][14] - Quarterly revenue reached an all-time high of $198 million, representing a 46% increase year-over-year [8][15] - Adjusted EBITDA increased by 62% to $23.2 million, with adjusted EPS rising 86% to $0.26 [9][16] - Free cash flow for the quarter was approximately $19 million, showing a strong rebound from the first half of 2025 [9][23] Business Line Data and Key Metrics Changes - The company achieved new bookings of $233 million in Q3 2025, a 44% increase compared to Q3 2024, with a book-to-bill ratio of approximately 1.2x [7][14] - Approximately 30% of the year-over-year revenue increase was attributed to recent acquisitions, with the remainder from organic growth [16] - The sales pipeline now exceeds $5.8 billion, indicating strong future growth potential [8][34] Market Data and Key Metrics Changes - The company is well-positioned in sectors such as power generation, industrial water, and natural gas infrastructure, with substantial order growth expected in these areas [11][12] - The company anticipates significant orders in the next four to six quarters, particularly in international water infrastructure projects [12][28] Company Strategy and Development Direction - The company aims to maintain a strong market presence by optimizing project pricing and margin levels while expanding into new geographies [12][13] - The focus remains on building a world-class industrial company through strategic M&A activities and enhancing operational excellence [13][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate potential challenges such as tariffs and inflation while maintaining a strong growth trajectory [14][28] - The outlook for 2026 includes projected revenue between $850 million and $950 million, reflecting a year-over-year increase of 15%-25% [29][30] Other Important Information - The company has not announced any new M&A transactions since the sale of its global pump business and the acquisition of Profire Energy, but remains active in building its M&A pipeline [13][26] - The company expects to achieve a net debt to EBITDA leverage ratio of approximately 2.3x, improving its financial flexibility [25] Q&A Session Summary Question: Update on project pipeline in industrial water and power generation - Management highlighted strong positioning in large projects, particularly in the Middle East and Asia, focusing on produced water and water reuse applications [38][39] Question: 2026 outlook and potential for upward adjustments - Management indicated that the $5.8 billion sales pipeline provides high confidence for future bookings, with potential for exceeding current guidance based on project wins [40][42] Question: Activity levels in power generation and data center connections - Management noted robust activity in the power generation sector, with a well over $1 billion pipeline, but cautioned against over-expectation due to the multi-year nature of these projects [46][48] Question: Confidence in adjusted EBITDA margin expansion - Management expressed confidence in achieving 100-150 basis points of margin expansion through volume growth, operational excellence initiatives, and cost management [51][53] Question: Opportunities in disaggregated power solutions - Management acknowledged potential opportunities depending on the type of power solutions chosen, with a focus on small format gas turbines [60] Question: Macroeconomic backdrop for 2026 guidance - Management indicated a stable macroeconomic environment is assumed, with no significant positive or negative changes expected [68][70] Question: Cross-selling opportunities with Profire - Management confirmed ongoing discussions and initiatives to leverage Profire's offerings across CECO's broader industrial customer base [71][74] Question: Confidence in Q4 bookings potentially being the largest ever - Management cited strong order performance and ongoing dialogues with customers as reasons for confidence in achieving record bookings in Q4 [75][77]

Core Insights - CECO Environmental Corp. reported strong financial results for Q3 2025, achieving record revenues and backlog, with year-to-date revenue surpassing the total revenue of 2024 [4][5][10] Financial Performance - Q3 2025 operating income was $9.4 million, an increase of $2.2 million from $7.2 million in Q3 2024. Adjusted non-GAAP operating income rose to $17.5 million, up 59% from $11.0 million [4][8] - Net income for the quarter was $1.5 million, down from $2.1 million in Q3 2024, while non-GAAP net income increased to $9.3 million from $5.2 million [4][8] - Adjusted EBITDA reached $23.2 million, reflecting a 62% increase compared to $14.3 million in Q3 2024, with an adjusted EBITDA margin of 11.7% [4][8] - Free cash flow for the quarter was $19.0 million, up from $11.1 million in Q3 2024 [4][8] Guidance and Outlook - The company maintains its full-year 2025 revenue guidance of $725 to $775 million, representing a 35% increase at the midpoint, and expects adjusted EBITDA between $90 to $100 million, a 50% increase at the midpoint [5][9] - For 2026, CECO projects revenue between $850 and $950 million, a 20% increase at the midpoint, and adjusted EBITDA between $110 and $130 million, a 30% increase at the midpoint [9][10] Orders and Backlog - CECO booked over $232.9 million in new orders during the quarter, a 44% increase, and reported a backlog of $719.6 million, up 64% [8][10] - The sales pipeline now exceeds $5.8 billion, indicating strong future growth potential across various business segments and geographic areas [4][10] Strategic Initiatives - The company successfully divested its Global Pumps business and integrated multiple acquisitions, enhancing its operational capabilities and market position [6][10] - CECO continues to focus on operational excellence initiatives, contributing to margin expansion and overall business transformation [6][10]

Core Insights - Safe and Green Development Corporation has announced the delivery and deployment of new industrial processing equipment to enhance its operations in Southwest Florida, specifically targeting engineered soils, composting, and green-waste recycling [1][3][4] Equipment Details - The new equipment includes the Komptech Crambo Mobile shredder, which is designed for processing large volumes of organic and woody materials, and the Diamond Z DZH6000 Series grinder, which enhances grinding capacity for wood waste and green debris [2][3] Operational Impact - The newly deployed equipment is expected to improve production capacity, reduce processing times, and enhance overall site efficiency, thereby meeting the growing demand for the company's engineered soil and compost products [3][4] Strategic Alignment - The expansion of processing capabilities aligns with the company's focus on scalable, revenue-generating infrastructure, allowing for greater material processing efficiency and broader product distribution across its composting and recycling network [4] Company Overview - Safe and Green Development Corporation, formed in 2021, focuses on real estate development and environmental solutions, including the operation of an 80+ acre organics processing facility in Florida, which processes source-separated green waste and is expanding into sustainable potting media production [5]

Core Insights - Safe and Green Development Corporation has deployed new industrial processing equipment to enhance its operations in Southwest Florida, specifically at the Sarasota and Myakka City sites [1][3][4] Equipment Details - The new equipment includes the Komptech Crambo Mobile shredder, which is designed for processing large volumes of organic and woody materials, and the Diamond Z DZH6000 Series grinder, which increases processing efficiency for wood waste and green debris [2][3] Operational Impact - The deployment of this equipment is expected to improve production capacity, reduce processing times, and enhance overall site efficiency, thereby meeting the growing demand for engineered soil and compost products [3][4] Strategic Alignment - The expansion of processing capabilities aligns with the company's focus on scalable, revenue-generating infrastructure, allowing for greater material processing and improved efficiency [4] Company Overview - Safe and Green Development Corporation is focused on real estate development and environmental solutions, with a subsidiary operating an 80+ acre organics processing facility in Florida, which processes source-separated green waste and is expanding into sustainable potting media production [5]

Core Points - Safe and Green Development Corporation (SGD) has entered into a securities purchase agreement for a PIPE financing, raising approximately $9.0 million before fees and expenses [1][2][3] Group 1: PIPE Financing Details - The company is selling 360,000 shares of Series B Non-Voting Convertible Preferred Stock at a conversion price of $1.36 per share, which can convert into 6,617,647 shares of common stock [2] - Each unit, consisting of a share of Preferred Stock and a warrant, is priced at $25.00, complying with Nasdaq's "Minimum Price" requirement [2] - The warrants are not exercisable until shareholder approval and will expire two and a half years after such approval [2][4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to accelerate operational expansion at the Resource Group site in Myakka City, Florida, including purchasing additional processing equipment [5] - The company also plans to use proceeds for reducing debt obligations, strategic investments, acquisitions, and working capital to support revenue-generating operations [5] Group 3: Company Overview - Safe and Green Development Corporation focuses on real estate development and environmental solutions, primarily acquiring properties for green housing projects [7] - The company wholly owns Resource Group US Holdings LLC, which operates an 80+ acre organics processing facility in Florida, processing green waste and producing sustainable potting media [7]

Core Insights - ESGL Holdings Limited has filed a patent application for its proprietary precious-metal recovery technology aimed at treating acidic waste streams, marking a significant step in protecting its innovative processes [1][2][3] Company Overview - ESGL Holdings Limited is a Singapore-based carbon-neutral enviro-tech company focused on transforming industrial waste into circular products through its subsidiary Environmental Solutions Asia Pte Ltd [5] Technology Development - The patent filing follows over two years of R&D, leading to the successful commercialization of technology that recovers precious metal concentrates from semiconductor acid waste using high-temperature treatment and advanced resin systems [2][3] Market Opportunity - The global precious metals e-waste recovery market was valued at US$20.76 billion in 2024 and is expected to grow steadily through 2032, with Asia Pacific projected to lead this growth due to strong manufacturing activity and expanding recycling infrastructure [3] Strategic Commitment - The patent filing underscores the company's commitment to innovation, sustainability, and shareholder value creation, with plans to explore further applications of its recovery technology across various industrial sectors [4]

Core Insights - ESGL Holdings Limited has filed a patent application for a new technology that converts hazardous hydrofluoric acid waste into Metallurgical-Grade Fluorspar, showcasing its commitment to sustainability and innovation in waste management [1][2][3] Company Overview - ESGL Holdings Limited is a Singapore-based carbon-neutral enviro-tech company focused on transforming industrial waste into circular products, positioning itself as a leader in the environmental solutions industry [4] Technological Innovation - The patented process significantly reduces carbon emissions compared to traditional mining methods while creating valuable materials for industrial applications such as construction and steel making [2][3] - This innovation represents a significant advancement in sustainable waste management, generating both environmental and economic value from hazardous materials [3] Commitment to Sustainability - The technology aligns with ESGL's carbon-neutral operations and reinforces the company's leadership in providing sustainable industrial solutions [3]

Core Insights - Safe and Green Development Corporation (SGD) reported a significant revenue increase of $1.4 million in Q2 2025, marking over 3,200% growth compared to $42 thousand in Q2 2024, primarily due to the acquisition of Resource Group US Holdings LLC [1][5] - The company is evaluating a potential cryptocurrency treasury reserve opportunity, which may require divesting Resource Group, although no acceptable letter of intent has been received [1][5] - Management is focused on expanding the customer base, increasing operational efficiency, and diversifying revenue streams [1][5] Financial Performance - The company reported a net loss of $5.724 million for Q2 2025 [3] - Interest expense was $0.830 million, and depreciation & amortization amounted to $0.181 million [3] - Adjusted EBITDA for Q2 2025 was $(0.634) million, indicating ongoing challenges despite revenue growth [3][6] Strategic Developments - The acquisition of Resource Group has led to revenue acceleration, generating $1.4 million in just one month post-acquisition [7] - The company has exited legacy software and technology operations to concentrate on its core real estate and compost/transportation businesses [7] - A reevaluation of the real estate portfolio is underway, with plans to monetize select assets [7] Leadership and Outlook - The Board of Directors has been restructured to enhance strategic direction and growth initiatives [7] - Management anticipates approximately $4 million in revenue for Q3 2025, reflecting the first full quarter of operations with Resource Group [7] - The integration of Resource Group's operations is expected to unlock additional revenue streams and improve operational efficiencies [7]

Group 1 - CECO Environmental Corp. is a leading environmentally focused, diversified industrial company that provides solutions to protect people, the environment, and industrial equipment [2] - The company serves various industrial air, water, and energy transition markets globally through its key business segments: Engineered Systems and Industrial Process Solutions [2] - CECO's innovative technology and application expertise help companies improve air quality, optimize energy value chains, and provide custom solutions across multiple industries including power generation, petrochemical processing, and battery production [2] Group 2 - CECO management will participate in several upcoming investor conferences, including the 14th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 18, 2025, and the Jefferies Industrials Conference on September 3, 2025 [3] - Presentations from these conferences will be available on the Investor Relations section of the company's website [1][3]

Core Insights - The earnings season reveals opportunities in lesser-known companies alongside major firms, highlighting the importance of broad market analysis [1] Modine Manufacturing - Modine Manufacturing Co. reported a 13-cent earnings per share beat and revenue exceeding analyst estimates in its recent earnings report for Q1 fiscal 2026 [2] - The company aims for $2 billion in data center revenue by fiscal 2028, with its climate solutions segment generating $1.4 billion in sales for fiscal 2025 [3] - Modine's strategic acquisitions contributed to a 11% year-over-year revenue growth, with a revised full-year fiscal 2026 outlook of 10-15% growth [4] - Modine shares increased by 28% in the last month, with an additional 7% upside potential projected [4] CECO Environmental - CECO Environmental Corp. exceeded analyst expectations, achieving a 35% year-over-year increase in EPS and a 45% rise in EBITDA [5] - The company anticipates $725–775 million in revenue for the full year, with shares up 50.4% in the last month and a potential 9% upside [8] - CECO's sales opportunity pipeline has grown to $5.5 billion, with a backlog of $688 million, reflecting a 274 million new bookings [7] Expro Group - Expro Group Holdings N.V. reported an 8% year-over-year revenue increase, surpassing predictions despite energy sector volatility [9] - The company expects about $1.7 billion in full-year revenue and plans a $40 million share buyback campaign [11] - Expro shares rose nearly 17% in the last month, with over 16% additional upside possible [11]