CECO Environmental had a strong quarter with record backlog and significant order growth, bolstered by successful acquisitions and improved financial guidance. Despite these positives, the company faces challenges such as inflationary pressures and previous project delays, though these are being managed effectively.

Company Guidance -

Q3 2025

During the CECO Environmental Second Quarter 2025 Earnings Call, the company announced several record-breaking metrics, highlighting strong financial performance and strategic growth. The backlog reached a new high of $688 million, marking a year-over-year increase of approximately 75%, with sequential growth of $80 million. New bookings in Q2 amounted to $274 million, up 95% from the previous year, contributing to a book-to-bill ratio of approximately 1.5 for the first half of 2025. Revenue for the quarter was $185 million, a 35% increase year-over-year, setting a new record, while adjusted EBITDA rose by 45% to over $23 million. The company's EPS increased by 35% year-over-year to $0.24. CECO also raised its 2025 annual guidance for orders and revenue, now expecting bookings to range between $870 million and $930 million, and revenue between $725 million and $775 million. The company maintained its outlook for adjusted EBITDA and adjusted free cash flow, with EBITDA expected to grow around 50% year-over-year, reflecting the company's robust operational performance and strategic positioning in diverse markets.

Record Backlog Growth

Backlog reached a new record, exiting the quarter at $688 million, up almost $300 million or more than 75% year-over-year.

Significant Increase in Orders

Generated $274 million in new bookings in Q2, up 95% versus the same period last year and booked the largest ever order in environmental emissions management.

Revenue and EBITDA Growth

Revenue of $185 million in Q2 was up 35% year-over-year. Adjusted EBITDA grew by 45% year-over-year, reaching over $23 million.

Improved Financial Outlook

Raised 2025 annual guidance for orders and revenue, with expected bookings to exceed revenue, resulting in a bookings range of $870 million to $930 million.

Successful Acquisitions

The Profire acquisition is delivering on expected synergies, contributing to the company's positive performance metrics.

Ceco Environmental (CECO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CECO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.27 / -	0.14	―	―	―
Jul 29, 2025	2025 (Q2)	0.18 / 0.24	0.2	20.00% (+0.04)
Apr 29, 2025	2025 (Q1)	0.08 / 0.10	0.11	-9.09% (>-0.01)
Feb 25, 2025	2024 (Q4)	0.23 / 0.27	0.28	-3.57% (-0.01)
Oct 29, 2024	2024 (Q3)	0.20 / 0.14	0.22	-36.36% (-0.08)
Jul 30, 2024	2024 (Q2)	0.16 / 0.20	0.15	33.33% (+0.05)
Apr 30, 2024	2024 (Q1)	0.11 / 0.11	0.1	10.00% (<+0.01)
Mar 05, 2024	2023 (Q4)	0.24 / 0.28	0.21	33.33% (+0.07)
Nov 07, 2023	2023 (Q3)	0.19 / 0.22	0.2	10.00% (+0.02)
Aug 08, 2023	2023 (Q2)	0.14 / 0.15	0.18	-16.67% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CECO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$34.71	$40.35	+16.25%
Apr 29, 2025	$19.20	$22.34	+16.35%
Feb 25, 2025	$22.65	$24.51	+8.21%
Oct 29, 2024	$26.31	$22.56	-14.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ceco Environmental (CECO) report earnings?

Ceco Environmental (CECO) is schdueled to report earning on Nov 10, 2025, Before Open (Confirmed).

What is Ceco Environmental (CECO) earnings time?

Ceco Environmental (CECO) earnings time is at Nov 10, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CECO EPS forecast?

CECO EPS forecast for the fiscal quarter 2025 (Q3) is 0.27.

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