earnings
confidence high
sentiment positive
materiality 0.85
CECO Q2 orders up 191% to $798.5M, backlog $1.82B; raises FY2026 guidance
CECO ENVIRONMENTAL CORP
- Q2 orders $798.5M, up 191% YoY; backlog $1,819.1M, up 164%.
- Revenue $285.0M, up 54%; GAAP net loss $(34.8)M vs income $9.5M; non-GAAP EPS $0.47.
- Adjusted EBITDA $40.2M, up 73%; non-GAAP net income $21.5M, up 147%.
- Thermon acquisition closed June 1; integration synergies ahead of plan; pipeline >$8.5B.
- FY2026 guidance raised: revenue $1.30-1.375B, adjusted EBITDA $200-225M (from $195-225M).