Ceco Environmental Corp. (CECO) revealed a profit for third quarter that Decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $1.499 million, or $0.04 per share. This compares with $2.086 million, or $0.06 per share, last year.
Excluding items, Ceco Environmental Corp. reported adjusted earnings of $9.3 million or $0.26 per share for the period.
Analysts on average had expected the company to earn $0.25 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 45.8% to $197.599 million from $135.513 million last year.
Ceco Environmental Corp. earnings at a glance (GAAP) :
-Earnings: $1.499 Mln. vs. $2.086 Mln. last year.-EPS: $0.04 vs. $0.06 last year.-Revenue: $197.599 Mln vs. $135.513 Mln last year.
Looking ahead, for fiscal 2025, Ceco Environmental has maintained its revenue outlook of $725 million to $775 million, up approximately 35 percent at the midpoint and its expected range for adjusted EBITDA between $90 million and $100 million, up approximately 50% at the midpoint.
In addition, Ceco Environmental said: “The company introduced its 2026 full year outlook with revenue between $850 million and $950 million, up approximately 20 percent at the midpoint of the range, and adjusted EBITDA between $110 million and $130 million, up approximately 30 percent at the midpoint of the range.”
CECO was down by 2.54% at $52 in the pre-market trade on the Nasdaq.
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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.