---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-039340"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:09:09.308179+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CECO Q2 revenue up 23% to $129.2M, record orders $162.9M, raises FY23 guidance

## Summary
- Record Q2 orders of $162.9M (+44% YoY); backlog $391.0M (+35%); book-to-bill 1.26.
- Revenue $129.2M (+23%), gross margin expanded 70bps to 30.8%; adjusted EBITDA $13.7M (+29%).
- GAAP EPS $0.11 vs $0.13; Non-GAAP EPS $0.15 vs $0.18; net income $3.7M vs $4.4M.
- Raised FY23 guidance: revenue $500-525M (prev. >$485M), adj. EBITDA $50-55M (prev. >$50M).
- Free cash flow $10.0M vs $19.1M; organic growth 16%, acquisitions contributed 7%.

## SEC filing metadata
- accession: 0000950170-23-039340
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3197/000095017023039340/0000950170-23-039340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000095017023039340/ceco-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-039340
- JSON: https://secwatch.observer/filing/0000950170-23-039340.json
- Plain text: https://secwatch.observer/filing/0000950170-23-039340.txt

## Key facts
- Earnings Releases
  CECO ENVIRONMENTAL CORP reported full year 2023 results: revenue $500 and $525 million. Guidance raised.
  - Period: full year 2023
  - Revenue: $500 and $525 million
  - Guidance: raised
  - Result: guidance update
  source text: The Company increased its expected full year 2023 guidance to reflect revenues forecasted to be between $500 and $525 million, up at least 21 percent, at the mid-point, year over year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/3197/000095017023039340/0000950170-23-039340-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.