Ceco Environmental
CECO

$30.23

0.7%

Market Cap: 1.06B

About: CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.

Employees: 1,200

Industrials Industrial & Commercial Fans & Blowers & Air Purifying Equipment

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 8 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

115% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 13

73% more call options, than puts

Call options by funds: $2.12M | Put options by funds: $1.22M

13% more capital invested

Capital invested by funds: $485M [Q4 2023] → $548M (+$63.1M) [Q1 2024]

10% more funds holding

Funds holding: 155 [Q4 2023] → 170 (+15) [Q1 2024]

0.38% less ownership

Funds ownership: 68.75% [Q4 2023] → 68.37% (-0.38%) [Q1 2024]

22% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 65

25% less funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 3 (-1) [Q1 2024]

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Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$23

24%

downside

Avg. target

$28

7%

downside

High target

$34

12%

upside

8 analyst ratings

8 positive

100%

0 neutral

0%

0 negative

0%

Needham James Ricchiuti	12%upside $34	Buy Maintained	16 Jul 2024
Craig-Hallum Aaron Spychalla	7%downside $28	Buy Maintained	1 May 2024
Needham James Ricchiuti	14%downside $26	Buy Maintained	1 May 2024
HC Wainwright & Co. Amit Dayal	1%downside $30	Buy Reiterated	1 May 2024
Northland Capital Markets Bobby Brooks	7%downside $28	Outperform Maintained	6 Mar 2024

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Financial journalist opinion

Zacks Investment Research

CECO Environmental (CECO) Earnings Expected to Grow: Should You Buy?

CECO (CECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CECO Environmental (CECO) Earnings Expected to Grow: Should You Buy?

CECO Environmental to Release Second Quarter Earnings and Host Conference Call on July 30

DALLAS, July 16, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced that it will report its second quarter 2024 financial results on July 30, 2024, premarket. The Company will also host its earnings call starting at 8:30 a.m. Eastern Time (7:30 a.m. CT). The Company's financial results and presentation will be posted on its website at www.cecoenviro.com.

CECO Environmental to Release Second Quarter Earnings and Host Conference Call on July 30

CECO Environmental Announces Upcoming Investor Conferences

DALLAS, May 13, 2024 (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 Todd Gleason, Chief Executive Officer, and Peter Johansson, Chief Financial and Strategy Officer, will present at the following investor conferences: May 23, 2024 – TD Cowen 2nd Annual Sustainability Week. May 29, 2024 – The 21st Annual Craig-Hallum Institutional Investor Conference in Minneapolis.

CECO Environmental Announces Upcoming Investor Conferences

CECO Environmental Corp. (CECO) Q1 2024 Earnings Call Transcript

CECO Environmental Corp. (NASDAQ:CECO ) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Steven Hooser - IR Todd Gleason - President & CEO Peter Johansson - Chief Financial & Strategy Officer Conference Call Participants Aaron Spychalla - Craig Hallam Capital Group Rob Brown - Lake Street Capital Markets Gerry Sweeney - Roth Chris Grenga - Needleman and Company Bobby Brooks - Northern Capital Markets Amit Dayal - H.C. Wainwright Operator Good morning, and welcome to the CECO Environmental First Quarter 2024 Earnings Conference Call.

CECO Environmental Corp. (CECO) Q1 2024 Earnings Call Transcript

Zacks Investment Research

CECO Environmental (CECO) Q1 Earnings Meet Estimates

CECO Environmental (CECO) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.10 per share a year ago.

CECO Environmental (CECO) Q1 Earnings Meet Estimates

CECO Environmental Reports First Quarter 2024 Results

Reports Record First Quarter Revenue and Gross Margins, Near Record Backlog Reaffirms Full Year 2024 Guidance DALLAS, April 30, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the first quarter results of 2024. First Quarter Summary (1) Orders of $145.3 million Backlog of $389.5 million, up 9 percent Revenue of $126.3 million, up 12 percent Net income of $1.5 million, down 25 percent; non-GAAP net income of $4.0 million, up 11 percent GAAP EPS (diluted) of $0.04; non-GAAP EPS (diluted) of $0.11 Adjusted EBITDA of $13.2 million, up 36 percent Free cash flow of $(1.9) million, up $12.6 million (1) All comparisons are versus the comparable prior year period, unless otherwise stated.

CECO Environmental Reports First Quarter 2024 Results

CECO Environmental to Release First Quarter Earnings and Host Conference Call on April 30

DALLAS, April 16, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced that it will report its first quarter 2024 financial results on April 30, 2024, premarket. The Company will also host its earnings call starting at 8:30 a.m.

CECO Environmental to Release First Quarter Earnings and Host Conference Call on April 30

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Ceco Environmental to Participate in the 36th Annual Roth Conference on March 18

DALLAS, March 11, 2024 (GLOBE NEWSWIRE) -- CEC O E n v i r o n m e n t al C or p . ( N as d a q : CECO ), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced that Todd Gleason, Chief Executive Officer, and Peter Johansson, Chief Financial and Strategy Officer, will participate in the 36th Annual ROTH Conference and host investor meetings throughout the day on Monday, March 18, 2024, at Dana Point, CA. The presentation will be available in the Events and Presentations section of CECO's Investor Relations website at https://investors.cecoenviro.com/news-events/events

Ceco Environmental to Participate in the 36th Annual Roth Conference on March 18

CECO Environmental Corp. (CECO) Q4 2023 Earnings Call Transcript

CECO Environmental Corp. (NASDAQ:CECO ) Q4 2023 Earnings Conference Call March 5, 2024 8:30 AM ET Company Participants Steven Hooser - IR Todd Gleason - President & CEO Peter Johansson - Chief Financial & Strategy Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Aaron Spychalla - Craig-Hallum Bobby Brooks - Northland Capital Markets Jim Ricchiuti - Needham and Company Bill Dezellem - Tieton Capital Management Amit Dayal - H.C. Wainwright Operator Good morning, and welcome to the CECO Environmental Conference Call.

CECO Environmental Corp. (CECO) Q4 2023 Earnings Call Transcript

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