CECO Environmental Corp. (CECO)

CECO Environmental Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	656.17	557.93	544.85	422.63	324.14	316.01
Revenue Growth (YoY)	15.73%	2.40%	28.92%	30.38%	2.57%	-7.56%
Cost of Revenue	424.93	361.79	373.83	294.4	223.22	210.88
Gross Profit	231.24	196.15	171.02	128.23	100.92	105.13
Selling, General & Admin	177.56	146.7	122.94	93.47	81.8	76.93
Operating Expenses	184.6	155.63	130.83	100.51	88.88	84.53
Operating Income	46.63	40.52	40.19	27.71	12.04	20.6
Interest Expense	-17.47	-13.02	-13.42	-5.42	-2.95	-3.54
Currency Exchange Gain (Loss)	-6.8	-4.3	1.2	6.3	-3.1	1.3
Other Non Operating Income (Expenses)	5.04	-0.39	-0.83	0.65	0.87	0.73
EBT Excluding Unusual Items	27.41	22.81	27.14	29.24	6.86	19.09
Merger & Restructuring Charges	-12.27	-4.76	-3.86	-4.62	-1.45	-3.69
Gain (Loss) on Sale of Assets	64.5	-	-	-	-	-
Asset Writedown	-	-	-	-	-	-0.85
Legal Settlements	-0.23	-0.23	-	-	-	-
Other Unusual Items	-0.13	-0.13	-1.76	-0.93	-0.73	-2.72
Pretax Income	79.28	17.69	21.53	23.69	4.67	11.84
Income Tax Expense	25.34	3.27	7.02	5.43	2.69	3.67
Earnings From Continuing Operations	53.95	14.42	14.5	18.26	1.98	8.17
Minority Interest in Earnings	-1.49	-1.46	-1.59	-0.85	-0.56	0.04
Net Income	52.46	12.96	12.91	17.42	1.43	8.21
Net Income to Common	52.46	12.96	12.91	17.42	1.43	8.21
Net Income Growth	297.32%	0.36%	-25.87%	1121.39%	-82.63%	-53.63%
Shares Outstanding (Basic)	35	35	35	35	35	35
Shares Outstanding (Diluted)	37	36	35	35	36	36
Shares Change (YoY)	1.97%	2.96%	0.94%	-1.66%	0.21%	0.10%
EPS (Basic)	1.50	0.37	0.37	0.50	0.04	0.23
EPS (Diluted)	1.43	0.36	0.37	0.50	0.04	0.23
EPS Growth	277.71%	-2.70%	-26.00%	1150.03%	-82.61%	-54.00%
Free Cash Flow	-16.99	7.46	36.26	26.27	10.68	0.48
Free Cash Flow Per Share	-0.47	0.20	1.03	0.75	0.30	0.01
Gross Margin	35.24%	35.16%	31.39%	30.34%	31.14%	33.27%
Operating Margin	7.11%	7.26%	7.38%	6.56%	3.71%	6.52%
Profit Margin	7.99%	2.32%	2.37%	4.12%	0.44%	2.60%
Free Cash Flow Margin	-2.59%	1.34%	6.66%	6.22%	3.29%	0.15%
EBITDA	64.34	55.04	52.7	38.33	21.89	30.52
EBITDA Margin	9.81%	9.87%	9.67%	9.07%	6.75%	9.66%
D&A For EBITDA	17.71	14.52	12.51	10.61	9.85	9.92
EBIT	46.63	40.52	40.19	27.71	12.04	20.6
EBIT Margin	7.11%	7.26%	7.38%	6.56%	3.71%	6.52%
Effective Tax Rate	31.95%	18.48%	32.63%	22.91%	57.57%	31.00%
Advertising Expenses	-	0.7	0.6	0.5	0.7	-

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q