Inferra AI / Company / CECO
Ceco Environmental Corp
CECO · Industrials
Last earnings Aug 10, 2026
Key results
Revenuequarter
$185.4 million
Revenue of $185.4 million, up 35 percent •
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Growthquarter
up 35 percent
Revenue of $185.4 million, up 35 percent •
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Gross marginquarter
$67.1 million
Gross margin of $67.1 million, up 37 percent •
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Net incomequarter
$9.5 million
Net income of $9.5 million
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
net income of $8.7 million •
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Free cash flow of $(3.0) million, down $5.6 million (1) All comparisons are versus the comparable prior year period, unless otherwise stated.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Our multi-quarter string of record bookings enabled our highest ever quarterly revenue and increased our backlog to an all-time high of $688 million, which is up 76 percent versus last year.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Operating incomequarter
$18.1 million
” Second quarter operating income was $18.1 million, up $8.8 million when compared to $9.3 million in the second quarter of 2024.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
On an adjusted basis, non-GAAP operating income was $18.3 million, up $5.7 million or 45 percent when compared to $12.6 million in the second quarter of 2024.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
AI analysis
Q2 2025 · reported Jul 29, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Jul 29, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $185.4 million | — | — |
| Growth | up 35 percent | — | — |
| Gross margin | $67.1 million | — | — |
| Net income | $9.5 million | — | — |
| Operating income | $18.1 million | — | $9.3 million |
Guidance · company-stated
Direction: Raised
“htm EX-99.1 EX-99.1 CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2025 RESULTS Continued Strong Orders Growth Headlines Multiple Financial Records Raises Full Year Revenue Outlook ADDISON, TEXAS (July 29, 2025) -- CECO Environmental Corp.”
“2025 Full Year Guidance For the full year 2025 outlook, the Company has raised its revenue outlook to $725 to $775 million, up approximately 35 percent at the midpoint.”
“The Company maintains its expected range for adjusted EBITDA of between $90 to $100 million and a free cash flow outlook of greater than 60 percent conversion of adjusted EBITDA.”
“This backlog and pipeline visibility allows us to increase our full-year revenue outlook to between $725 and $775 million, which represents a growth rate of approximately 35 percent compared to last year.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
The Term Loan is payable in quarterly principal installments of $ 2.9 million through June 30, 2028, increasing to $ 4.4 million through December 31, 2030 with the remainder due upon maturity on January 30, 2031 .
Credit Facility On October 7, 2024, the Company entered into the Third Amended and Restated Credit Agreement (the Legacy Credit Agreement ), among the Company, its subsidiaries from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +318.0% computed from stated figures
Event summary
CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2025 RESULTS
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “htm EX-99.1 EX-99.1 CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2025 RESULTS Continued Strong Orders Growth Headlines Multiple Financial Records Raises Full Year Revenue Outlook ADDISON, TEXAS (July 29, 2025) -- CECO Environmental Corp.”
Revenue: “2025 Full Year Guidance For the full year 2025 outlook, the Company has raised its revenue outlook to $725 to $775 million, up approximately 35 percent at the midpoint.”
Company outlook: “The Company maintains its expected range for adjusted EBITDA of between $90 to $100 million and a free cash flow outlook of greater than 60 percent conversion of adjusted EBITDA.”
Revenue: “This backlog and pipeline visibility allows us to increase our full-year revenue outlook to between $725 and $775 million, which represents a growth rate of approximately 35 percent compared to last year.”
Revenue — Raised (“Raises”)
“htm EX-99.1 EX-99.1 CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2025 RESULTS Continued Strong Orders Growth Headlines Multiple Financial Records Raises Full Year Revenue Outlook ADDISON, TEXAS (July 29, 2025) -- CECO Environmental Corp.”
Revenue — Raised (“raised”)
“2025 Full Year Guidance For the full year 2025 outlook, the Company has raised its revenue outlook to $725 to $775 million, up approximately 35 percent at the midpoint.”
Company outlook — Reiterated (“maintains”)
“The Company maintains its expected range for adjusted EBITDA of between $90 to $100 million and a free cash flow outlook of greater than 60 percent conversion of adjusted EBITDA.”
Revenue — Raised (“increase”)
“This backlog and pipeline visibility allows us to increase our full-year revenue outlook to between $725 and $775 million, which represents a growth rate of approximately 35 percent compared to last year.”
Classified from the release's primary full-year outlook statement.
Capital allocation
The Term Loan is payable in quarterly principal installments of $ 2.9 million through June 30, 2028, increasing to $ 4.4 million through December 31, 2030 with the remainder due upon maturity on January 30, 2031 .
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
Credit Facility On October 7, 2024, the Company entered into the Third Amended and Restated Credit Agreement (the Legacy Credit Agreement ), among the Company, its subsidiaries from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
The Legacy Credit Agreement provided for a senior secured revolving credit facility in an initial aggregate principal amount of up to $ 400.0 million (the "Legacy Credit Facility ).
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
The 2026 Credit Agreement provided for a senior secured revolving credit facility in an initial aggregate principal amount of up to $ 700.0 million.
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
As of June 30, 2026 and December 31, 2025, $ 22.5 million and $ 23.8 million of letters of credit were outstanding, under the Credit Facility, respectively.
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
Total unused credit availability, in consideration of borrowing limitations, under the Company s Credit Facility was $ 220.5 million and $ 123.6 million at June 30, 2026 and December 31, 2025, respectively.
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
Strategy & priorities
While certain headlines could distract, our teams remain laser focused on delivering for our customers while navigating supply chain disruptions and evolving trade policies.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Our confidence is bolstered by our record backlog and our robust, $5.5 billion sales pipeline which continues to grow in support of strong demand for power generation, natural gas and water infrastructure, semiconductor expansion and general industrial markets.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Risks & headwinds
“I am pleased, and not at all surprised, that our teams of dedicated employees continue to execute at high levels while overcoming macro uncertainties and market challenges.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Potential risks and uncertainties, among others, that could cause actual results to differ materially are discussed under “Part I – Item 1A.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.
SEC original ↗Ceco Environmental Corp — Earnings release (8-K exhibit)EX-99Jul 29, 2025
Legal Proceedings 36 Item 1A.
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
The Company s assumptions about future conditions important to its assessment of potential impairment are subject to uncertainty, and the Company will continue to monitor these conditions in future periods as new information becomes available and will update its analysis accordingly.
SEC original ↗Ceco Environmental Corp — 10-Q Quarterly report10-QAug 10, 2026
Earnings deck slides
0 decks with slide viewCeco Environmental Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q3 2026
- 8-KCECO
Oct 5, 2026
- Q2 2026
- 8-KCECO
Aug 10, 2026
- 10-QCECO
Aug 10, 2026
- 8-K/ACECO
- Q1 2026
- 8-KCECO
Jun 9, 2026
- 8-KCECO
Jun 1, 2026
- 8-KCECO
May 28, 2026
- 10-QCECO
Apr 30, 2026
- 8-KCECO
Apr 28, 2026
- 8-KCECO
Apr 2, 2026
- Q4 2025
- 10-KCECO
Mar 2, 2026
- 8-KCECO
Feb 24, 2026
- 8-KCECO
Feb 24, 2026
- EX-99CECO
Feb 24, 2026
- 8-KCECO
Feb 4, 2026
- Q3 2025
- 8-KCECO
Oct 28, 2025
- 10-QCECO
Oct 28, 2025
- Q2 2025
- 8-KCECO
Sep 16, 2025
- 8-KCECO
Jul 29, 2025
- 10-QCECO
Jul 29, 2025
- 8-KCECO
Jul 24, 2025
- Q1 2025
- 8-KCECO
Jun 6, 2025
- 8-KCECO
May 22, 2025
- 8-KCECO
Apr 29, 2025
- 10-QCECO
Apr 29, 2025
- 8-KCECO
Apr 4, 2025
- Q4 2024
- 8-KCECO
Mar 6, 2025
- 8-KCECO
Feb 25, 2025
- 10-KCECO
Feb 25, 2025
- 8-KCECO
Jan 17, 2025
- 8-KCECO
Jan 3, 2025
Earnings releases
13 documentsPresentations
1 document- Q4 2025
- CECODeck
Transcripts
0 documentsNo transcripts for Ceco Environmental Corp are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Ceco Environmental Corp by name or ticker. A mention is counted once per document, from the document text the library holds.
Thermon Group Holdings, Inc. (THR)
“… 2 tm2616040d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 CECO Environmental Completes Acquisition of Thermon Group Holdings Company Announces Investor Call for June 9 th ADDISON, Texas,… … drive sustained ”
See also the earnings calendar for every tracked company’s next earnings date.