CECO Environmental/$CECO

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About CECO Environmental

CECO Environmental Corp is an industrial company, serving industrial air, industrial water, and energy transition markets. It offers various engineered and configured products and solutions, including dampers and diverters, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, water treatment packages, industrial silencers, etc. These products are offered through brands like Western Airducts, WK, Wakefield Acoustics, Transcend, Verantis, and others. The company's reportable segments are: Engineered Systems, which derive maximum revenue, and Industrial Process Solutions. Geographically, it derives key revenue from the U.S., followed by the Netherlands, the UK, China, and other markets.
Ticker
$CECO
Primary listing
NASDAQ
Employees
1,540

CECO Metrics

BasicAdvanced
$4.3B
-
-$0.82
1.51
-

What the Analysts think about CECO

Analyst ratings (Buy, Hold, Sell) for CECO Environmental stock.
Analyst projections of the future price of CECO Environmental stock.

Bulls say / Bears say

Demand visibility has improved sharply. Q2 orders rose 191% year on year to $798.5 million, lifting backlog 164% to $1.82 billion and taking trailing book-to-bill above two. (CECO Environmental Corp 10-Q, The Motley Fool)
Management raised its 2026 outlook after the strong first half. It now expects revenue of $1.30 billion to $1.375 billion and adjusted EBITDA of $200 million to $225 million, with mid-teens margins and at least 55% adjusted free-cash-flow conversion targeted. (StockTitan, CECO Environmental Corp 10-Q)
Thermon gives CECO a broader industrial technology portfolio and access to additional end markets, including process heating and data-centre opportunities. Early cost synergies were ahead of the pre-deal plan, which could improve the combined company’s earnings power if cross-selling and integration continue smoothly. (The Motley Fool, CECO Environmental Corp 10-Q)
CECO’s Q2 revenue grew strongly, but it still reported a $34.8 million GAAP net loss. Acquisition and integration costs, amortisation and inventory fair-value adjustments overwhelmed the operating gains, so the headline growth has not yet translated into statutory profitability. (CECO Environmental Corp 10-Q, StockTitan)
The Thermon deal materially increased financial risk. CECO’s debt rose to roughly $728 million and leverage reached 2.7 times trailing bank EBITDA, while management still has to integrate the enlarged business and deliver the promised synergies. (The Motley Fool, StockTitan)
The shares leave limited room for disappointment. Recent valuation commentary put CECO at about 5.1 times sales, well above roughly 2 times for the wider US machinery group, so any slowdown in backlog conversion or margin improvement could trigger a sharp re-rating. (Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.

CECO Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CECO Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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