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Dec 31, 2019
CECO Q4 2019 Earnings Report
Solid fourth quarter and second half results demonstrated progress in 2019.
Key Takeaways
CECO Environmental Corp. reported its financial results for the fourth quarter of 2019, with revenue of $89.4 million and net income of $8.4 million. The company's backlog increased to $216.6 million.
Bookings of $67.7 million, compared with $72.8 million, adjusted for divestitures
Backlog of $216.6 million, compared with $182.1 million
Revenue of $89.4 million, compared with $93.9 million
Gross profit of $30.0 million (33.6% margin), compared with $29.8 million (31.7% margin)
CECO
CECO
Forward Guidance
We are confident that the execution of our 4-3-3 strategic blueprint over the past two years has put CECO on the right path to accelerate growth.