(Adds Outlook)
For the full-year 2025, CECO Environmental Corp. (CECO) reaffirmed its annual outlook.
Todd Gleason, CEO of CECO, said: "Our full year 2025 outlook reflects the strong visibility we have with our record backlog, strong bookings, 2024 related project push outs, and the impact from our acquisitions."
The company continues to expect revenue of $700 to $750 million for the full year, and adjusted EBITDA of $90 to $100 million.
Q4 Results:
Ceco Environmental released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $4.878 million, or $0.13 per share. This compares with $3.879 million, or $0.11 per share, last year.
Excluding items, Ceco Environmental Corp. reported adjusted earnings of $9.9 million or $0.27 per share for the period.
Analysts on average had expected the company to earn $0.23 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.2% to $158.566 million from $153.711 million last year.
Ceco Environmental Corp. earnings at a glance (GAAP) :
-Earnings: $4.878 Mln. vs. $3.879 Mln. last year.
-EPS: $0.13 vs. $0.11 last year.
-Revenue: $158.566 Mln vs. $153.711 Mln last year.
For comments and feedback: editorial@rttnews.com