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Dec 31, 2020
CECO Q4 2020 Earnings Report
Reported sequential increases in revenue, adjusted EBITDA, and bookings, demonstrating continued execution and improved momentum.
Key Takeaways
CECO Environmental Corp. reported its Q4 2020 financial results, showing sequential improvements in bookings, revenue, adjusted EBITDA, and operating margin expansion. The company's focus on delivering differentiated solutions in key environmental categories drove double-digit bookings growth in the fourth quarter. CECO enters 2021 with a healthy balance sheet, improving end markets and a continued focus on operational costs and execution.
Delivered sequential improvements in bookings, revenue, adjusted EBITDA and operating margin expansion.
Drove double-digit bookings growth in the fourth quarter.
Managed cost structure which yielded steady EBITDA despite year-over-year decline in revenues.
Enters 2021 with a healthy balance sheet, improving end markets and a continued focus on operational costs and execution.
CECO
CECO
Forward Guidance
CECO enters 2021 with a healthy balance sheet, improving end markets and a continued focus on operational costs and execution. We are advancing our strategic growth process which will leverage our improved cost structure to drive sustainable shareholder value.