CECO Environmental Corp. (CECE) Income Statement Analysis

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Complete financial analysis of CECO Environmental Corp. (CECE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of CECO Environmental Corp., a leading company in the Industrial – Pollution & Treatment Controls industry within the Industrials sector.

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CECO Environmental Corp. (CECE)

Industry: Industrial - Pollution & Treatment Controls

Sector: Industrials

Website: https://www.cecoenviro.com

About CECO Environmental Corp.

CECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems. It offers dampers and diverters, selective catalytic reduction and selective non-catalytic reduction systems, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, and water and fluid handling equipment, as well as plant engineering services and engineered design build fabrication. The company markets its products and services to natural gas processors, transmission and distribution companies, refineries, power generators, industrial manufacturing, engineering and construction companies, semiconductor manufacturers, compressor manufacturers, beverage can manufacturers, metals and minerals, and electric vehicle producer companies. CECO Environmental Corp. was incorporated in 1966 and is headquartered in Dallas, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	544.85M	422.63M	324.14M	316.01M	341.87M	337.34M	345.05M	417.01M	370.08M	263.22M	197.32M	135.05M	139.19M	140.60M	138.99M	217.89M	235.95M	135.36M	81.52M	69.37M	68.97M	78.88M	90.99M	89.82M	23.86M	26.38M	14.53M	9.85M	8.44M	7.30M	5.20M	4.00M	100.00K	700.00K
Cost of Revenue	373.83M	294.40M	223.22M	210.88M	227.77M	225.80M	231.86M	282.15M	258.51M	178.39M	135.76M	92.61M	101.02M	107.95M	108.04M	174.50M	195.55M	111.26M	64.52M	56.27M	55.15M	62.99M	72.46M	71.72M	15.47M	17.95M	8.12M	5.19M	4.74M	4.10M	3.20M	2.00M	0.00	1.10M
Gross Profit	171.02M	128.23M	100.92M	105.13M	114.10M	111.54M	113.19M	134.86M	111.56M	84.82M	61.56M	42.44M	38.17M	32.65M	30.94M	43.39M	40.41M	24.10M	17.00M	13.10M	13.82M	15.89M	18.53M	18.10M	8.39M	8.43M	6.41M	4.66M	3.70M	3.20M	2.00M	2.00M	100.00K	-400.00K
Gross Profit Ratio	31.39%	30.34%	31.14%	33.27%	33.38%	33.06%	32.81%	32.34%	30.15%	32.23%	31.20%	31.43%	27.42%	23.22%	22.26%	19.91%	17.12%	17.80%	20.85%	18.88%	20.03%	20.15%	20.37%	20.15%	35.15%	31.95%	44.15%	47.32%	43.86%	43.84%	38.46%	50.00%	100.00%	-57.14%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	122.34M	92.97M	81.10M	0.00	0.00	0.00	0.00	81.74M	68.29M	51.74M	40.60M	25.23M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	600.00K	500.00K	700.00K	0.00	0.00	0.00	0.00	0.00	1.00M	-300.00K	-3.50M	200.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	122.94M	93.47M	81.80M	76.93M	85.98M	87.46M	88.98M	81.74M	69.29M	50.69M	37.10M	25.43M	25.36M	27.51M	28.90M	33.65M	26.15M	16.82M	12.31M	10.66M	10.40M	11.90M	13.21M	13.93M	7.22M	6.67M	6.05M	3.52M	3.21M	2.40M	2.10M	1.80M	100.00K	0.00
Other Expenses	13.50M	6.81M	7.79M	8.80M	8.50M	-365.00K	106.00K	310.00K	-2.08M	-2.31M	982.00K	-152.00K	441.00K	105.00K	759.00K	1.55M	1.62M	1.23M	1.17M	1.25M	1.58M	1.79M	2.32M	2.15M	729.33K	617.96K	384.66K	416.99K	429.66K	300.00K	200.00K	200.00K	0.00	100.00K
Operating Expenses	136.45M	100.28M	89.59M	85.73M	94.48M	97.15M	96.11M	101.97M	94.90M	61.14M	47.36M	25.76M	25.80M	27.62M	29.66M	35.20M	27.77M	18.05M	13.48M	11.91M	11.98M	13.69M	15.53M	16.09M	7.95M	7.29M	6.44M	3.94M	3.64M	2.70M	2.30M	2.00M	100.00K	100.00K
Cost & Expenses	510.28M	394.68M	312.80M	296.61M	322.25M	322.95M	327.96M	384.13M	353.41M	239.54M	183.12M	118.37M	126.82M	135.57M	137.71M	209.70M	223.32M	129.31M	78.00M	68.18M	67.13M	76.68M	87.99M	87.81M	23.42M	25.24M	14.56M	9.13M	8.38M	6.80M	5.50M	4.00M	100.00K	1.20M
Interest Income	0.00	5.42M	2.95M	3.54M	5.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	67.82K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	13.42M	5.42M	2.95M	3.54M	5.40M	7.14M	6.72M	7.71M	5.96M	3.14M	1.50M	1.17M	1.14M	1.23M	1.32M	1.48M	1.98M	2.00M	2.41M	2.56M	2.28M	2.74M	3.54M	3.81M	158.43K	260.57K	22.32K	154.84K	183.83K	100.00K	100.00K	100.00K	100.00K	100.00K
Depreciation & Amortization	12.51M	10.61M	9.85M	9.92M	10.61M	13.10M	16.09M	18.90M	25.61M	10.15M	6.76M	331.00K	1.40M	1.76M	759.00K	3.18M	1.62M	1.23M	1.17M	1.25M	1.58M	1.79M	2.32M	2.15M	729.33K	617.96K	384.66K	416.99K	429.66K	300.00K	200.00K	200.00K	0.00	100.00K
EBITDA	47.45M	38.33M	21.89M	30.52M	30.23M	22.74M	26.57M	-6.35M	45.07M	35.10M	14.60M	17.78M	14.26M	6.66M	-14.07M	13.28M	14.25M	6.46M	4.69M	2.24M	2.61M	3.69M	5.33M	4.20M	809.33K	1.75M	360.41K	1.14M	486.20K	800.00K	-100.00K	200.00K	100.00K	100.00K
EBITDA Ratio	8.71%	10.77%	5.21%	9.57%	8.45%	7.03%	7.05%	12.81%	10.86%	11.98%	11.12%	12.49%	9.89%	4.83%	1.47%	5.22%	6.04%	4.78%	6.86%	3.23%	4.64%	4.80%	5.42%	3.78%	2.82%	6.65%	2.48%	10.69%	5.76%	10.96%	-1.92%	5.00%	100.00%	-71.43%
Operating Income	34.57M	34.89M	9.86M	21.44M	17.99M	10.00M	8.02M	-25.56M	5.38M	22.41M	6.97M	16.68M	12.37M	5.04M	-15.83M	8.20M	12.63M	6.05M	3.53M	1.19M	1.83M	2.20M	3.01M	2.01M	441.57K	1.14M	-24.25K	718.24K	56.54K	500.00K	-300.00K	0.00	100.00K	-500.00K
Operating Income Ratio	6.34%	8.26%	3.04%	6.78%	5.26%	2.96%	2.33%	-6.13%	1.45%	8.52%	3.53%	12.35%	8.89%	3.58%	-11.39%	3.76%	5.35%	4.47%	4.32%	1.71%	2.66%	2.79%	3.30%	2.24%	1.85%	4.31%	-0.17%	7.29%	0.67%	6.85%	-5.77%	0.00%	100.00%	-71.43%
Total Other Income/Expenses	-13.04M	-11.20M	-5.18M	-1.50M	-4.65M	-7.51M	-6.61M	-7.40M	-8.05M	-5.45M	-517.00K	-1.32M	-685.00K	-1.36M	-19.19M	-519.00K	-1.97M	-1.19M	-3.31M	-2.36M	-2.40M	-2.85M	-3.15M	-3.04M	-101.59K	-187.87K	-46.38K	-72.07K	-327.29K	-100.00K	0.00	0.00	0.00	100.00K
Income Before Tax	21.53M	23.69M	4.67M	11.84M	13.34M	2.50M	1.41M	-32.96M	-2.66M	16.96M	6.46M	15.36M	11.72M	3.68M	-17.91M	7.64M	10.67M	4.86M	212.00K	-1.18M	-228.00K	-339.00K	-141.00K	-1.03M	295.71K	944.06K	-70.63K	646.17K	-127.29K	400.00K	-300.00K	0.00	0.00	-400.00K
Income Before Tax Ratio	3.95%	5.61%	1.44%	3.75%	3.90%	0.74%	0.41%	-7.90%	-0.72%	6.44%	3.27%	11.38%	8.42%	2.61%	-12.89%	3.50%	4.52%	3.59%	0.26%	-1.70%	-0.33%	-0.43%	-0.15%	-1.15%	1.24%	3.58%	-0.49%	6.56%	-1.51%	5.48%	-5.77%	0.00%	0.00%	-57.14%
Income Tax Expense	7.02M	5.43M	2.69M	3.67M	-4.36M	9.62M	4.44M	5.29M	3.07M	3.89M	-102.00K	4.51M	3.41M	1.37M	-3.14M	2.63M	4.36M	1.77M	647.00K	-248.00K	-62.00K	-216.00K	131.00K	-303.75K	151.36K	373.32K	7.20K	205.79K	-51.19K	200.00K	-100.00K	100.00K	200.00K	-300.00K
Net Income	12.91M	17.42M	1.98M	8.21M	17.71M	-7.12M	-3.03M	-38.22M	-5.60M	13.08M	6.56M	10.85M	8.27M	2.11M	-15.03M	5.01M	6.31M	3.09M	-435.00K	-928.00K	-166.00K	-123.00K	-264.00K	-689.92K	-366.16K	532.93K	-53.77K	301.08K	-48.74K	200.00K	-200.00K	-100.00K	-100.00K	-400.00K
Net Income Ratio	2.37%	4.12%	0.61%	2.60%	5.18%	-2.11%	-0.88%	-9.16%	-1.51%	4.97%	3.32%	8.03%	5.94%	1.50%	-10.82%	2.30%	2.67%	2.29%	-0.53%	-1.34%	-0.24%	-0.16%	-0.29%	-0.77%	-1.53%	2.02%	-0.37%	3.06%	-0.58%	2.74%	-3.85%	-2.50%	-100.00%	-57.14%
EPS	0.37	0.50	0.06	0.23	0.51	-0.21	-0.09	-1.12	-0.19	0.51	0.33	0.73	0.58	0.15	-1.06	0.34	0.47	0.27	-0.04	-0.09	-0.02	-0.01	-0.03	-0.08	-0.04	0.06	-0.01	0.04	-0.01	0.04	-0.04	-0.02	-0.05	-0.04
EPS Diluted	0.37	0.50	0.06	0.23	0.50	-0.21	-0.09	-1.12	-0.19	0.50	0.32	0.65	0.51	0.15	-1.06	0.30	0.45	0.24	-0.04	-0.09	-0.02	-0.01	-0.03	-0.08	-0.04	0.06	-0.01	0.04	-0.01	0.04	-0.04	-0.02	-0.05	-0.04
Weighted Avg Shares Out	34.67M	34.67M	35.35M	35.29M	34.99M	33.91M	33.66M	33.98M	28.79M	25.75M	20.12M	14.81M	14.39M	14.31M	14.22M	14.77M	13.46M	11.26M	9.99M	9.99M	9.85M	9.58M	7.90M	8.20M	8.25M	8.22M	7.55M	7.00M	6.25M	5.00M	5.71M	4.51M	1.99M	9.19M
Weighted Avg Shares Out (Dil)	35.33M	35.01M	35.59M	35.52M	35.48M	34.71M	34.45M	33.98M	28.79M	26.20M	20.72M	17.25M	17.12M	17.10M	14.22M	15.41M	14.04M	12.89M	9.99M	9.99M	9.85M	9.58M	7.90M	8.30M	9.32M	8.65M	7.95M	7.00M	6.25M	5.00M	5.71M	4.51M	1.99M	9.19M

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DNB Asset Management AS increased its holdings in CECO Environmental Corp. (NASDAQ:CECE) by 40.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 158,430 shares of the industrial products company’s stock after acquiring...

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Bank of America Corp DE reduced its position in shares of CECO Environmental Corp. (NASDAQ:CECE) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,001...

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Needham analyst James Ricchiuti maintained a Buy rating on Ceco Environmental (CECE) today and set a price target of $9.00. The company's shares closed

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Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of CECO Environmental Corp. (NASDAQ:CECE) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 381,318 shares...