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Dec 31, 2024
CECO Q4 2024 Earnings Report
CECO's financial performance reflected record bookings and increased revenue.
Key Takeaways
CECO Environmental reported a 3% increase in revenue to $158.6 million and a 26% increase in net income to $4.9 million. Record orders of $218.9 million drove backlog up to $540.9 million.
Orders increased by 71% reaching $218.9 million.
Backlog increased by 46% reaching $540.9 million.
Revenue increased by 3% reaching $158.6 million.
Net income increased by 26% reaching $4.9 million.
CECO
CECO
Forward Guidance
The Company maintains its previously announced full year 2025 outlook which includes expected Revenue of $700 to $750 million and Adjusted EBITDA of $90 to $100 million.
Positive Outlook
- Strong visibility with record backlog
- Strong bookings
- 2024 related project push outs
- Impact from acquisitions
- Strong power generation, data center, general industrial and natural gas infrastructure markets