CECO Q4 revenue $116.4M (+24% YoY), EPS $0.24; raises FY2023 guidance

CECO ENVIRONMENTAL CORP

Q4 orders $150.5M (+66% YoY); backlog $311.7M (+46%) record level.
Q4 GAAP net income $8.3M vs $1.2M; non-GAAP EPS $0.21 vs $0.10.
Full-year 2022 revenue $422.6M (+30%), adjusted EBITDA $42.2M (+65%).
FY2023 guidance raised: revenue $460-485M, adjusted EBITDA $45-50M (midpoint +13% YoY).
Free cash flow $27.2M in 2022; $7M shares repurchased under $20M program.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CECO ENVIRONMENTAL CORP reported the fourth quarter ended December 31, 2022 results: revenue $116.4 million, net income $8.3 million, EPS $0.24. Guidance raised.

Period: the fourth quarter ended December 31, 2022
Revenue: $116.4 million
Net income: $8.3 million
EPS: $0.24
Guidance: raised
Result: reported results

Exact text from the filing

Revenue of $116.4 million, up 24 percent • Net income of $8.3 million, up $7.1 million; non-GAAP net income of $7.4 million, up $4.0 million • GAAP EPS (diluted) of $0.24, up $0.21; non-GAAP EPS (diluted) of $0.21, up $0.11

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CECO ENVIRONMENTAL CORP reported the fiscal year ended December 31, 2022 results: revenue $422.6 million, net income $17.4 million, EPS $0.50. Guidance raised.

Period: the fiscal year ended December 31, 2022
Revenue: $422.6 million
Net income: $17.4 million
EPS: $0.50
Guidance: raised
Result: reported results

Exact text from the filing

Revenue of $422.6 million, up 30 percent • Net income of $17.4 million, up $16.0 million; non-GAAP net income of $25.9 million, up $16.1 million • GAAP EPS (diluted) of $0.50, up $0.46; non-GAAP EPS (diluted) of $0.74, up $0.46

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-23-006111

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