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Stock impact report

CECO Environmental Reports First Quarter 2024 Results

CECO Environmental Corp. (CECO) 
Last ceco environmental corp. earnings: 11/6 04:14 pm Check Earnings Report
Company Research Source: GlobeNewswire
Reports Record First Quarter Revenue and Gross Margins, Near Record BacklogReaffirms Full Year 2024 Guidance DALLAS, April 30, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the first quarter results of 2024. First Quarter Summary(1) Orders of $145.3 millionBacklog of $389.5 million, up 9 percentRevenue of $126.3 million, up 12 percentNet income of $1.5 million, down 25 percent; non-GAAP net income of $4.0 million, up 11 percentGAAP EPS (diluted) of $0.04; non-GAAP EPS (diluted) of $0.11Adjusted EBITDA of $13.2 million, up 36 percentFree cash flow of $(1.9) million, up $12.6 million (1) All comparisons are versus the comparable prior year period, unless otherwise stated.Reconciliations of GAAP (reported) to non-GAAP measures are in the attached financial tables. Show less Read more
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