secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000950170-25-026061
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CECO Q4 record bookings $219M, revenue up 3%; reaffirms 2025 outlook $700-750M revenue
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- Q4: Revenue $158.6M (+3% YoY), gross margin 35.8% (+120 bps), net income $4.9M (+26%), GAAP EPS $0.13.
- Record bookings $218.9M (+71%), backlog $540.9M (+46%).
- Full year 2024: Revenue $557.9M (+2%), adj. EBITDA $62.8M (+9%), free cash flow $7.4M.
- 2025 guidance: Revenue $700-750M, Adj. EBITDA $90-100M, FCF 60-75% of adj. EBITDA.
- Closed three acquisitions in 2024; Profire Energy in Jan 2025; expects sale of Fluid Handling in late Q1 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000095017025026061/0000950170-25-026061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000095017025026061/ceco-20250225.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-026061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer