---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-065166"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T00:56:55.735330+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CECO Q4 orders up 50% to $329M; raises FY26 outlook; announces merger with Thermon

## Summary
- Q4 orders $329.3M (+50% YoY); revenue $214.7M (+35%); GAAP net income $3.1M (down 37%).
- Adjusted EBITDA Q4 $29.8M (margin 13.9%, record); FY Adj. EBITDA $90.3M (+44%).
- Full year orders $1.06B (+59%), backlog $793M (+47%), sales pipeline $6.5B (+45%).
- Raised 2026 outlook: revenue $925-975M, Adj. EBITDA $115-135M (excl. Thermon merger).
- Announced strategic combination with Thermon Group; expected close mid-2026.

## SEC filing metadata
- accession: 0001193125-26-065166
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2026-02-24T23:59:59+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/3197/000119312526065166/0001193125-26-065166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000119312526065166/ceco-20260224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-065166
- JSON: https://secwatch.observer/filing/0001193125-26-065166.json
- Plain text: https://secwatch.observer/filing/0001193125-26-065166.txt

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