CECO ENVIRONMENTAL CORP (CECO) Form 10-Q — Aug 10, 2026
CECO Environmental's Q2 2026 net sales jumped 53.7% year over year to $285.0 million, including 44% organic growth, but the company swung to a GAAP net loss of $34.8 million ($0.80 per share) from $9.5 million of net income a year ago, driven by $45.5 million of acquisition and integration expense. Non-GAAP operating income rose to $32.1 million (11.3% margin) from $18.3 million (9.9%). The filing details the completed $2.26 billion merger with Thermon Group Holdings, which closed June 1, 2026, generating $1.21 billion of goodwill, $911 million of intangibles, and a new Thermal Solutions segment.
Key figures
- Revenue
- 284961000
- Total Debt
- 727706000
- Revenue Yoy
- 53.7%
- Total Assets
- 3733571000
- Cash Position
- 61066000
- Deal Value Usd
- 2264100000
- Gross margin q2
- 30.3%
- Working capital
- 327300000
- Orders booked q2
- 798500000
- Orders growth q2
- 192%
- Thermon goodwill
- 1210471000
- Organic growth q2
- 44%
- Revolver capacity
- 740000000
- Revenue six months
- 490880000
- Shares outstanding
- 58569830
- Backlog dec 31 2025
- 793100000
- Thermon intangibles
- 911000000
- Incremental term loan
- 235000000
- Q2 income tax benefit
- 10100000
- Orders booked six months
- 1248000000
- Organic growth six months
- 42%
- Revenue growth six months
- 35.6%
- Shares issued for thermon
- 22531000
- Gross margin prior year q2
- 36.2%
- Non gaap operating income q2
- 32100000
- Non gaap operating margin q2
- 11.3%
- Thermon backlog contribution
- 262000000
- Thermon revenue contribution
- 49600000
- Western air ducts impairment
- 1700000
- Acquisition integration expense q2
- 45461000
Price after filing
Close on the filing date to close N calendar days later (from $70.92). Historical, not a forecast.
AI analysis
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