CECO Environmental raises 2026 outlook after record orders and Thermon integration

EarningsM&A · Partnership
โดย GlobeNewswire·Read original
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CECO Environmental reported record second-quarter orders of $798.5 million, up 191 percent, and a backlog above $1.8 billion, and raised its full-year 2026 consolidated outlook. Revenue reached $285.0 million, a 54 percent increase, while non-GAAP net income surged 147 percent to $21.5 million, or $0.47 per diluted share. The company closed its acquisition of Thermon on June 1, 2026, and said integration synergies are ahead of plan. CECO now expects full-year revenue between $1.300 billion and $1.375 billion and adjusted EBITDA between $200 million and $225 million, with free cash flow conversion of at least 55 percent of adjusted EBITDA.

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