
CECO Environmental Corp.
NASDAQ•CECO
CEO: Mr. Todd R. Gleason
Sector: Industrials
Industry: Industrial - Pollution & Treatment Controls
Listing Date: 1980-12-02
CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions. It offers engineered and configured products and solutions, including dampers and diverters, expansion joints, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, separators and coalescers, water treatment packages, metallic and non-metallic pumps, industrial silencers, and fluid handling equipment, as well as plant engineering services and engineered design build fabrication services. In addition, the company offers industrial engineered noise control solutions, including custom acoustical gen-set packages, ambient air baffles, acoustical louvres, and skid enclosures; process filtration solutions for hydrocarbon and chemical processing; and energy and water conservation systems and equipment. The company markets its products and services to natural gas processors, transmission and distribution companies, refineries, power generators, industrial manufacturing, engineering and construction companies, semiconductor manufacturers, compressor manufacturers, beverage can manufacturers, metals and minerals, and electric vehicle producers. CECO Environmental Corp. was founded in 1869 and is headquartered in Dallas, Texas.
Contact Information
14651 North Dallas Parkway, Suite 500, Dallas, TX, 75254, United States
214-357-6181
Market Cap
$2.25B
P/E (TTM)
43.5
24.8
Dividend Yield
--
52W High
$64.64
52W Low
$17.57
52W Range
Rank58Top 85.6%
2.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$197.60M+45.82%
4-Quarter Trend
EPS
$0.04-33.00%
4-Quarter Trend
FCF
$11.02M-0.75%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Sales Growth Net sales $559.7M, up 40.1% for nine months ended September 30, 2025, driven by acquisitions and backlog execution.
Net Income Surge Net income attributable $47.0M, significantly higher than $8.1M reported for the prior nine month period comparison.
Backlog Expansion Total backlog reached $719.6M, increasing substantially from $540.9M at year-end December 31, 2024, indicating strong pipeline.
GPS Divestiture Gain Recognized $63.7M pre-tax gain from Global Pump Solutions business sale finalized in the first quarter of 2025.
Risk Factors
Operating Cash Flow Shift Operating cash flow used $4.1M, unfavorable shift from $23.0M provided previous nine months due to project payment timing.
Material Cost Pressures Experiencing raw material shortages and inflationary pressures potentially affecting future results and financial condition adversely.
Interest Rate Exposure Debt market risk exposure estimated at $1.6M annual impact from hypothetical 10% borrowing rate change on SOFR indexed debt.
Acquisition Integration Risk Preliminary purchase price measurements could change significantly impacting future financial results materially during measurement period assessment.
Outlook
Engineered Systems Order Growth Engineered Systems orders grew organically 73% for nine months, driven by energy and power technology demand increases.
New Accounting Standards Evaluating impact of ASU 2025-05 (Credit Losses) and ASU 2025-06 (Internal-Use Software) adoption timelines currently.
Underlying Margin Improvement Non-GAAP operating margin improved to 8.9% for the quarter, up from 8.1% in the prior year period comparison.
Debt Maturity Profile Credit Facility maturity in 2029; scheduled principal payments total $0.4M remainder of 2025 and $1.9M in 2026.
Peer Comparison
Revenue (TTM)
HTZ$8.52B
$6.76B
WERN$2.99B
Gross Margin (Latest Quarter)
NSSC56.6%
42.7%
37.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KMT | $2.34B | 24.8 | 7.5% | 25.5% |
| CECO | $2.25B | 43.5 | 18.2% | 2.8% |
| HLIO | $2.04B | 60.4 | 3.8% | 28.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.6%
Steady Growth
4Q Net Income CAGR
-32.5%
Declining Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention
Research & Insights
Next earnings:Feb 24, 2026
EPS:$0.43
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 28, 2025|Revenue: $197.60M+45.8%|EPS: $0.04-33.0%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 29, 2025|Revenue: $185.39M+34.8%|EPS: $0.27+107.7%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 29, 2025|Revenue: $176.70M+39.9%|EPS: $1.03+2278.8%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 25, 2025|Revenue: $557.93M+2.4%|EPS: $0.37+0.0%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 29, 2024|Revenue: $135.51M-9.3%|EPS: $0.06-37.7%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 30, 2024|Revenue: $137.52M+6.5%|EPS: $0.13+18.2%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 30, 2024|Revenue: $126.33M+12.2%|EPS: $0.04-27.8%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 5, 2024|Revenue: $544.85M+28.9%|EPS: $0.37-26.0%Beat