CECO ENVIRONMENTAL CORP (CECO) Form 10-Q — Apr 30, 2026

$CECOForm 10-QFiled Apr 30, 2026, 4:24 PM ET0001193125-26-197428Original filing

CECO Environmental reported net sales of $205.9 million for the first quarter of 2026, an increase of 16.5% year-over-year, driven by execution on record backlog which grew to $1.04 billion. Despite the revenue growth, the company recorded a net loss of $0.4 million, a sharp decline from the prior year's $36.0 million net income, largely due to the absence of the $64.5 million gain recognized in 2025 from the sale of the Global Pump Solutions business. The company is actively pursuing growth through a pending merger with Thermon Group Holdings, Inc., announced in February 2026, and supported by a significant expansion of its credit facility.

Key figures

Revenue Yoy: 16.5%

Price after filing

1 day: +0.2%7 days: +9.8%30 days: +0.8%

Close on the filing date to close N calendar days later (from $74.14). Historical, not a forecast.

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