Education
About Us
Working with TipRanks
Follow Us
Ceco Environmental (CECO)
NASDAQ:CECO
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 1.28%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong order and backlog performance, significant growth in adjusted EBITDA, and successful acquisitions contributing to a positive 2025 outlook. However, revenue growth was below expectations due to project delays, and there are concerns regarding free cash flow and potential tariff impacts. Despite these challenges, the overall sentiment remains cautiously optimistic.Company Guidance
During the CECO Environmental Fourth Quarter 2024 Earnings Call, Todd Gleason, the CEO, provided detailed guidance for 2025, emphasizing strong financial metrics and growth expectations. The company concluded 2024 with full-year revenue of $558 million, a year-over-year growth of 2%, and adjusted EBITDA of $62.8 million, marking a 9% increase from the previous year. CECO achieved record-breaking quarterly orders of $219 million, reflecting over a 70% growth, and full-year orders of $667 million, up by mid-teens percentage year-over-year. The company ended the year with a robust backlog of $541 million, a 46% increase from the previous year. Looking forward to 2025, CECO anticipates revenue between $700 million and $750 million, representing a 30% growth rate, with adjusted EBITDA projected between $90 million and $100 million, a 50% increase. The guidance also highlighted a positive book-to-bill ratio, expected margin improvements, and a free cash flow range of 60% to 75% of adjusted EBITDA. The company remains optimistic about continued order momentum and market opportunities across various sectors, including power generation and industrial air and water treatment solutions.Record-Breaking Orders and Backlog
Fourth quarter orders reached $219 million, a 71% increase year-over-year, with a record backlog of $541 million, up 46% from the previous year. The full-year orders of $667 million were up mid-teens year-over-year.
Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA for 2024 was $62.8 million, a 9% increase from the prior year, with margins expanding by approximately 70 basis points.
Strong Performance in Power Generation and Energy Markets
The power generation market is expected to enter a multi-year capital investment super cycle, contributing significantly to CECO's backlog with two large projects totaling around $100 million.
Successful Acquisitions
The acquisitions of Verantis and Profire Energy are expected to be integrated well, contributing to the robust growth forecasted for 2025.
---
CECO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $22.65 | $24.51 | +8.21% |
| Oct 29, 2024 | $26.31 | $22.56 | -14.25% |
| Jul 30, 2024 | $30.01 | $28.11 | -6.33% |
| Apr 30, 2024 | $25.39 | $21.62 | -14.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Ceco Environmental (CECO) report earnings?
Ceco Environmental (CECO) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Ceco Environmental (CECO) earnings time?
Ceco Environmental (CECO) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CECO EPS forecast?
CECO EPS forecast for the fiscal quarter 2025 (Q1) is 0.08.
---