secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0000950170-24-025375
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CECO reports record Q4 revenue $153.7M (+32% YoY); raises FY2024 guidance
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- Q4 revenue $153.7M (+32%), GAAP EPS $0.11, Non-GAAP EPS $0.28; Adjusted EBITDA $19.4M (+49%)
- Full year 2023 revenue $544.8M (+29%), GAAP EPS $0.37, Non-GAAP EPS $0.75; backlog $370.9M (+19%)
- Raises FY2024 guidance: revenue $590-610M (~10% YoY), Adj. EBITDA $67-70M (~19% YoY)
- Q4 free cash flow $12.2M (+36%); FY free cash flow $36.2M (+33%)
- Completed three acquisitions in 2023; portfolio shifted to industrial air, water, energy transition

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000095017024025375/0000950170-24-025375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000095017024025375/ceco-20240305.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-025375

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