secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000950170-24-050197
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000095017024050197/0000950170-24-050197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000095017024050197/ceco-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050197

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