CE

CECO Environmental Corp. Common Stock Earnings Recaps

CECO Industrials 1 recap
Next earnings: November 9, 2026 (estimated) · full calendar
Q2 2026 Aug 12, 2026

CECO shares rose 4.3% as the company delivered robust order growth and margin expansion, driven by early Thermon acquisition synergies that surpassed initial expectations.

Key takeaways
  • Q2 orders surged 191% year-over-year to a record $799 million, pushing backlog to over $1.8 billion, up 164% from last year.
  • Reported revenue rose 54% year-over-year to $285 million, supported by strong organic growth alongside Thermon’s contribution for one month.
  • Adjusted EBITDA increased 73%, with margins expanding approximately 150 basis points to 14.1%, the company’s first quarter with mid-teen EBITDA margins.
  • Thermon integration is ahead of schedule, capturing $13 million of annualized net adjusted EBITDA savings within 60 days, about one-third of the $40 million target.
  • The full year guidance was raised, reflecting confidence in sustained double-digit growth, improved profitability, and a sales pipeline exceeding $8.5 billion.
Full recap

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