---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050197"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:55:26.286001+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CECO reports record Q1 revenue $126.3M, Adj. EBITDA $13.2M up 36%, reaffirms FY24 guidance

## Summary
- Record Q1 revenue $126.3M (+12% YoY); GAAP EPS $0.04, non-GAAP EPS $0.11.
- Adjusted EBITDA $13.2M (margin 10.5%), up 36% YoY; GAAP net income $1.5M down 25%.
- Backlog $389.5M (+9%), orders $145.3M; book-to-bill 1.2 near record levels.
- FY24 guidance reaffirmed: revenue $590-610M, Adj. EBITDA $67-70M, FCF 50-70% of EBITDA.
- Free cash flow $(1.9)M vs $(14.5)M YoY; repurchased $3M of stock in quarter.

## SEC filing metadata
- accession: 0000950170-24-050197
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3197/000095017024050197/0000950170-24-050197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000095017024050197/ceco-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050197
- JSON: https://secwatch.observer/filing/0000950170-24-050197.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050197.txt

## Key facts
- Earnings Releases
  CECO ENVIRONMENTAL CORP reported first quarter ended March 31, 2024 results: revenue $126.3 million, net income $1.5 million, EPS $0.04. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $126.3 million
  - Net income: $1.5 million
  - EPS: $0.04
  - Guidance: reaffirmed
  - Result: reported results
  source text: reported its financial results for the first quarter results of 2024. First Quarter Summary (1) • Orders of $145.3 million • Backlog of $389.5 million, up 9 percent • Revenue of $126.3 million, up 12 percent • Net income of $1.5 million, down 25 percent; non-GAAP net income of $4.0 million, up 11 percent • GAAP EPS (diluted) of $0.04; non-GAAP EPS (diluted) of $0.11 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/3197/000095017024050197/0000950170-24-050197-index.htm

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