secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000950170-22-022311
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CECO Q3 revenue up 36% to $108.4M; raises 2022 EBITDA guidance to >$39M
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- Net income of $1.9M vs loss of $1.2M YoY; GAAP EPS $0.06; non-GAAP EPS $0.20.
- Adjusted EBITDA $9.2M, up 156% YoY; backlog $277.7M, up 27%.
- FY2022 guidance raised: revenue >$410M, adjusted EBITDA >$39M.
- Introduced FY2023 revenue guidance $450-475M; adjusted EBITDA $45-48M.
- Completed DS21 acquisition in water treatment; repurchased $2.2M shares in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000095017022022311/0000950170-22-022311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000095017022022311/ceco-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022311

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