CECO Environmental Reports Second Quarter 2026 Results
CECO reported Q2 revenue of $285.0 million, up 54% year-over-year, driven by record orders of $798.5 million and a backlog exceeding $1.8 billion following the Thermon acquisition. Adjusted EBITDA increased 73% to $40.2 million with a 14.1% margin, while GAAP net income swung to a loss of $(34.8) million due to acquisition and integration costs.
Key figures
- Revenue
- 285000000
- Guidance
- FY26 Revenue $1.300B-$1.375B (raised from $1.275B-$1.375B); Adj EBITDA $200M-$225M (raised from $195M-$225M)
- Revenue Yoy
- 54%
- Orders
- 798500000
- Gross margin
- 30.3%
- Gross profit
- 86500000
- Non gaap eps
- 0.47
- Adjusted ebitda
- 40200000
- Non gaap gross margin
- 33.7%
- Adjusted ebitda margin
- 14.1%
AI analysis
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