CECO ENVIRONMENTAL CORP (CECO) Form 8-K — Nov 9, 2026

$CECOForm 8-KItems 2.02, 9.01Filed Nov 9, 2026, 7:54 AM ET0001193125-26-452685Original filing

CECO Environmental reported record third-quarter 2026 results, with revenue of $404.4 million (up 105%), orders of $777.6 million (up 234%), and backlog of $2,193.5 million (up 205%), the second quarter including the Thermon business acquired June 1, 2026. GAAP net loss was $(2.0) million, or $(0.03) diluted EPS, burdened by acquisition and integration costs and a $16.7 million purchase-accounting inventory step-up, but non-GAAP net income was $34.3 million (up 269%) and Adjusted EBITDA was $70.1 million (up 202%) with a 17.3% margin.

Key figures

Revenue: 404400000
Guidance: FY2026: revenue $1.300-1.375B (maintained), Adjusted EBITDA $200-225M (maintained), orders raised to exceed $2.5B, FCF conversion raised to ~100% of Adjusted EBITDA. FY2027 introduced: revenue $2.1-2.3B, Adjusted EBITDA $475-525M, FCF 50-60% of Adjusted EBITDA.
Net Income: -2000000
Revenue Yoy: 105%
Total Assets: 3701156000
Cash Position: 72066000
Orders: $777.6 million, up 234%
Backlog: $2,193.5 million, up 205%
Leverage: 2.0X, down 0.7X from Thermon closing
Free cash flow: $148.4 million
Sales pipeline: $9 billion
Adjusted ebitda: $70.1 million, up 202%
Non gaap net income: $34.3 million, up 269%
Adjusted eps diluted: $0.60
Adjusted free cash flow: $154.4 million

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