CECO Environmental Provides Post-Closing Update on Thermon Transaction
CECO Environmental confirmed its acquisition of Thermon Group Holdings closed on June 1, 2026, with integration activities proceeding on track and no operating challenges reported. The company provided full-year 2026 guidance for the combined entity, projecting revenue between $1.275 billion and $1.375 billion, representing approximately 20% year-over-year growth at the midpoint. Adjusted EBITDA is expected to range from $195 million to $225 million, up 25% year-over-year, with management targeting free cash flow generation of at least 55% of Adjusted EBITDA.
Key figures
- Revenue
- $1.325 billion
- Guidance
- FY26 revenue $1.275B-$1.375B; Adjusted EBITDA $195M-$225M; FCF >= 55% of EBITDA
- Revenue Yoy
- 20%
- Cost synergies
- $40 million
- Adjusted ebitda
- $210 million
AI analysis
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