CECO Environmental(NASDAQ) CECO

CECO Environmental Corp. helps companies clean their air and water. It builds equipment that removes pollution and manages industrial waste. These tools protect the environment and keep expensive machines running safely.

Cleaning the World's Industries

• Engineered Systems: Technology that cleans air emissions and reduces noise for power plants; sales were $173.7 million for the three months ended June 30, 2026.
• Industrial Process Solutions: Air cleaning systems and pipes for manufacturing and chip making; sales were $61.7 million for the three months ended June 30, 2026.
• Thermal Solutions: Specialized heat management tools for complex industrial systems; sales were $49.6 million for the three months ended June 30, 2026.

Strategic Shifts and New Scale

• Acquired Thermon Group Holdings on June 1, 2026, to expand into industrial heat management technology.
• Purchased Flexible Specialty Products during the first half of 2026 to grow its niche product offerings.
• Divested the Global Pump Solutions business on March 31, 2025, to focus on higher-growth environmental segments.
• Secured an expanded credit facility of $740 million in March 2026 to support its acquisition strategy.

How Does CECO Stay Efficient?

CECO manufactures most products in the same regions where it sells them to customers. This strategy helps the company avoid global shipping delays and align its local costs with revenues.

Records in Backlog and Sales

• Net sales reached $285.0 million for the three months ended June 30, 2026, up 53.7% year over year.
• Orders booked rose 192% to $798.5 million for the three months ended June 30, 2026.
• Total backlog hit $1.8 billion as of June 30, 2026, up from $793.1 million as of Dec. 31, 2025.
• Non-GAAP operating income was $32.1 million for the three months ended June 30, 2026, compared with $18.3 million in the prior year period.
• The newly acquired Thermon business added $262.0 million to the company backlog as of June 30, 2026.

A Growing Environmental Powerhouse

CECO has grown from a niche equipment maker into a diversified environmental technology firm. Recent acquisitions and a record backlog show the company is expanding its scale across global energy and industrial markets.