secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039340
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000095017023039340/0000950170-23-039340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000095017023039340/ceco-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039340

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