---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-183496"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:21:48.065593+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-183496
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3197/000119312526183496/0001193125-26-183496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000119312526183496/ceco-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-183496
- JSON: https://secwatch.observer/filing/0001193125-26-183496.json
- Plain text: https://secwatch.observer/filing/0001193125-26-183496.txt

## Source-grounded claims
- claim_id: eba02eb47f92281dca4d2c58b4b459e415103c12
  claim: 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.
  evidence_excerpt: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/3197/000119312526183496/0001193125-26-183496-index.htm

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