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Stock impact report

CECO Environmental Reports Fourth Quarter and Full Year 2023 Results

CECO Environmental Corp. (CECO) 
Last ceco environmental corp. earnings: 11/6 04:14 pm Check Earnings Report
Company Research Source: GlobeNewswire
Reports Q4 and Full Year Earnings with Multiple Financial RecordsCompany Raises Full Year 2024 Guidance  DALLAS, March 05, 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 fourth quarter and full year results of 2023. Highlights for the Quarter(1) Orders of $128.3 millionBacklog of $370.9 million, up 19 percentRevenue of $153.7 million, up 32 percentNet income of $3.9 million, down 53 percent; non-GAAP net income of $10.1 million, up 36 percentGAAP EPS (diluted) of $0.11; non-GAAP EPS (diluted) of $0.28Adjusted EBITDA of $19.4 million, up 49 percentFree cash flow of $12.2 million, up 36 percent Highlights for the Year(1) Orders of $582.8 million, up 11 percentRevenue of $544.8 million, up 29 percentNet income of $12.9 million, down 26 percent; Show less Read more
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