Earnings ·
CECO Environmental Corp. reported second quarter 2026 financial results following the June 1, 2026 acquisition of…
CECOCeco Environmental Corp
CECO Environmental Corp. reported second quarter 2026 financial results following the June 1, 2026 acquisition of Thermon. Revenue increased 54 percent to $285.0 million, while orders surged 191 percent to $798.5 million and backlog rose 164 percent to $1,819.1 million. The company reported a GAAP net loss of $(34.8) million compared to prior-year income of $9.5 million, but non-GAAP net income reached $21.5 million. Adjusted EBITDA grew 73 percent to $40.2 million. CECO raised its full-year 2026 revenue guidance to between $1.300 billion and $1.375 billion and adjusted EBITDA guidance to between $200 million and $225 million, citing strong integration synergies from the Thermon acquisition. The company operates in the environmentally focused diversified industrial sector, providing solutions for air, water, and energy transition markets.