Ceco Environmental Corp. (CECO) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $9.51 million, or $0.26 per share. This compares with $4.49 million, or $0.12 per share, last year.
Excluding items, Ceco Environmental Corp. reported adjusted earnings of $8.70 million or $0.24 per share for the period.
Analysts on average had expected the company to earn $0.18 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 34.8% to $185.39 million from $137.52 million last year.
Ceco Environmental Corp. earnings at a glance (GAAP) :
-Earnings: $9.51 Mln. vs. $4.49 Mln. last year.-EPS: $0.26 vs. $0.12 last year.-Revenue: $185.39 Mln vs. $137.52 Mln last year.
For the FY25, the Company has raised its revenue outlook to $725 to $775 million from $700 to $750 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.