Demand And Order GrowthCECO's orders for Q4 are projected to reach or exceed $200MM, achieving a new quarterly high alongside a record backlog heading into 2025.
Market Expansion And OpportunitiesThe rapid growth in demand for natural gas power generation serves as a significant advantage for CECO, given its role as a premium solutions provider for emission mitigation in natural gas turbines.
Strategic AcquisitionsCECO announced its largest acquisition in years by agreeing to acquire Profire Energy, a leading supplier of burner management system controllers focused on the energy and industrial markets.