Financial Performance & Outlook - CECO's Market Cap has increased by approximately 860% since 2021[9] - The company anticipates revenue between $850 million and $950 million in 2026, representing a 15% to 25% year-over-year increase[32] - Adjusted EBITDA is projected to be between $110 million and $130 million in 2026, a 20% to 40% year-over-year increase[32] - The company expects adjusted free cash flow to be 50%-60% of adjusted EBITDA in 2026[32] - CECO's Q3 2025 backlog reached $720 million, a 64% increase year-over-year[48] Growth & Strategy - CECO has averaged over 10% organic growth since 2021[13] - Approximately 50% of CECO's orders originate outside the U S[17] - The company's sales pipeline is approximately $5 8 billion[32] - CECO has deployed $15 million in stock buybacks since 2021, with an average price of approximately $8 20 per share[47] Market Positioning - Approximately 40% of CECO's business is in Industrial Air, 35% in Industrial Water, and 25% in Energy Transition[22]