CECO Q1 orders surge 97% to $449.5M; backlog tops $1B; raises FY guidance

CECO ENVIRONMENTAL CORP

2025-Q1 EPS reported -$0.01 revenue$750,000,000

Orders of $449.5M (+97% YoY); backlog $1,035.1M (+72%); book-to-bill ratio 2.2.
Revenue $205.9M (+17%); adjusted EBITDA $20.4M (+46%); GAAP EPS $(0.01).
Non-GAAP EPS $0.36; non-GAAP net income $13.9M (+297% vs $3.5M prior year).
FY 2026 guidance raised: revenue $940M-$1B, adjusted EBITDA $120-$140M vs $925-$975M/$115-$135M prior.
April 2026 booked ~$450M+ orders incl. largest natural gas power order; Thermon merger votes May 27, close in June.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CECO ENVIRONMENTAL CORP reported the first quarter ended March 31, 2026 results: revenue $205.9 million, net income $(0.4) million, EPS $(0.01). Guidance raised.

Period: the first quarter ended March 31, 2026
Revenue: $205.9 million
Net income: $(0.4) million
EPS: $(0.01)
Guidance: raised
Result: reported results

Exact text from the filing

with Thermon Group Holdings, Inc. ("Thermon"). Highlights for the Quarter (1) • Orders of $449.5 million, up 97 percent • Backlog of $1,035.1 million, up 72 percent • Revenue of $205.9 million, up 17 percent • Gross profit of $63.9 million, up 3 percent; Gross margin of 31.0 percent • Net loss of $(0.4) million, down 101 percent; non-GAAP net income of $13.9 million,

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Source: SEC EDGAR

accession 0001193125-26-183496

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