---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-059752"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:59:27.042662+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CECO reports record Q3 revenue $149.4M, up 38%; raises FY2023 guidance; introduces FY2024 outlook

## Summary
- Revenue $149.4M (+38% YoY), net income $3.3M (+74%), adjusted EBITDA $15.1M (+64%), record backlog $394.0M (+42%).
- GAAP EPS $0.09; non-GAAP EPS $0.22; free cash flow $28.5M vs $0.1M prior year.
- Raises FY2023 revenue guidance to $525-550M and adj. EBITDA to $55-57M (from >$525M and >$55M).
- Introduces FY2024 guidance: revenue $575-600M, adj. EBITDA $65-70M, FCF 50-70% of adj. EBITDA.
- Completed acquisition of Kemco Systems in Q3; orders up 43% to $145.5M.

## SEC filing metadata
- accession: 0000950170-23-059752
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3197/000095017023059752/0000950170-23-059752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000095017023059752/ceco-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-059752
- JSON: https://secwatch.observer/filing/0000950170-23-059752.json
- Plain text: https://secwatch.observer/filing/0000950170-23-059752.txt

## Key facts
- Earnings Releases
  CECO ENVIRONMENTAL CORP updated its third quarter 2023 guidance (raised).
  - Period: third quarter 2023
  - Guidance: raised
  - Result: reported results
  source text: On November 7, 2023, CECO Environmental Corp. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/3197/000095017023059752/0000950170-23-059752-index.htm

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