secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001193125-26-183496
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000119312526183496/0001193125-26-183496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000119312526183496/ceco-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-183496

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