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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	718.25	557.93	544.85	422.63	324.14	316.01
Revenue Growth (YoY)	29.87%	2.40%	28.92%	30.38%	2.57%	-7.56%
Cost of Revenue	467.7	361.79	373.83	294.4	223.22	210.88
Gross Profit	250.55	196.15	171.02	128.23	100.92	105.13
Selling, General & Admin	190.28	146.7	122.94	93.47	81.8	76.93
Amortization of Goodwill & Intangibles	14.63	8.93	7.88	7.04	7.09	7.61
Operating Expenses	201.81	155.63	130.83	100.51	88.88	84.53
Operating Income	48.75	40.52	40.19	27.71	12.04	20.6
Interest Expense	-19.87	-13.02	-13.42	-5.42	-2.95	-3.54
Currency Exchange Gain (Loss)	-3.5	-4.3	1.2	6.3	-3.1	1.3
Other Non Operating Income (Expenses)	0.03	-0.39	-0.83	0.65	0.87	0.73
EBT Excluding Unusual Items	25.4	22.81	27.14	29.24	6.86	19.09
Merger & Restructuring Charges	-11.31	-4.76	-3.86	-4.62	-1.45	-3.69
Gain (Loss) on Sale of Assets	63.7	-	-	-	-	-
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	77.43	17.69	21.53	23.69	4.67	11.84
Income Tax Expense	24.22	3.27	7.02	5.43	2.69	3.67
Earnings From Continuing Operations	53.22	14.42	14.5	18.26	1.98	8.17
Minority Interest in Earnings	-1.35	-1.46	-1.59	-0.85	-0.56	0.04
Net Income	51.87	12.96	12.91	17.42	1.43	8.21
Net Income to Common	51.87	12.96	12.91	17.42	1.43	8.21
Net Income Growth	333.78%	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)	1.07%	2.96%	0.94%	-1.66%	0.21%	0.10%
EPS (Basic)	1.48	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	334.15%	-2.70%	-26.00%	1150.03%	-82.61%	-54.00%
Free Cash Flow	-17.08	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	34.88%	35.16%	31.39%	30.34%	31.14%	33.27%
Operating Margin	6.79%	7.26%	7.38%	6.56%	3.71%	6.52%
Profit Margin	7.22%	2.32%	2.37%	4.12%	0.44%	2.60%
Free Cash Flow Margin	-2.38%	1.34%	6.66%	6.22%	3.29%	0.15%
EBITDA	71.46	55.04	52.7	38.33	21.89	30.52
EBITDA Margin	9.95%	9.87%	9.67%	9.07%	6.75%	9.66%
D&A For EBITDA	22.71	14.52	12.51	10.61	9.85	9.92
EBIT	48.75	40.52	40.19	27.71	12.04	20.6
EBIT Margin	6.79%	7.26%	7.38%	6.56%	3.71%	6.52%
Effective Tax Rate	31.27%	18.48%	32.63%	22.91%	57.57%	31.00%
Advertising Expenses	-	0.7	0.6	0.5	0.7	-

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q