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CECO: Q1 Earnings Snapshot

CECO: Q1 Earnings Snapshot
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DALLAS (AP) CECO Environmental Corp. (CECE) on Thursday reported first-quarter profit of $1.2 million.
The Dallas-based company said it had profit of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The maker of air pollution controls and industrial ventilation systems posted revenue of $71.9 million in the period.
CECO shares have climbed slightly more than 7% since the beginning of the year. The stock has increased 56% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CECE at https://www.zacks.com/ap/CECE ....

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CECO Environmental Reports First Quarter 2021 Results

CECO Environmental Reports First Quarter 2021 Results
Strong Start to 2021 Achieving Significant Growth in Bookings and Backlog
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DALLAS, May 6, 2021 /PRNewswire/
CECO Environmental Corp. (Nasdaq: CECE), a leading global air quality and fluid handling company serving the energy, industrial and other niche markets, today reported its financial results for the first quarter of 2021.
Highlights of the First Quarter 2021
Revenue of $71.9 million, compared with $80.5 million
Gross profit of $24.4 million (33.9% margin), compared with 28.3 million (35.2% margin)
Operating income of $3.1 million, compared with $4.2 million
Non-GAAP operating income of $5.0 million, compared with $6.3 million
Net income was $1.2 million, compared with $3.4 million ....

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Increasing demand in the coal-fired power plant, supported by stringent government regulations driving the Mist Eliminator Market

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Mist Eliminator Market by Type (Wire-mesh, Vane, Fiber-Bed), End-Use Industry (Oil & Gas, Chemical, Desalination, Power Generation, Pharmaceutical &Medical, Paper & Pulp, Textile, Food & Beverage), Material, Application, Region
The global mist eliminators market size is projected to grow from USD 953 million in 2020 to USD 1,159 million by 2025, at a CAGR of 4.0% between 2020 and 2025. Increasing dependency on fossil fuels, a strong emphasis on process optimization, minimization of emissions, focus on improving process throughput, and growing industrialization is expected to drive the mist eliminators market during the next five years. Technological advancements in the field to control toxic emissions from plants are compelling market players to come up with efficient designs. ....

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CECO Environmental Wins Significant Contract to Provide Gas Turbine Exhaust Systems for a Simple-Cycle Gas Power-Generation Project in Germany

Press release content from PR Newswire. The AP news staff was not involved in its creation.
CECO Environmental Wins Significant Contract to Provide Gas Turbine Exhaust Systems for a Simple-Cycle Gas Power-Generation Project in Germany
April 27, 2021 GMT
CECO Environmental Corp. Logo (PRNewsfoto/CECO Environmental Corp.) (PRNewsfoto/CECO Environmental Corp.)
DALLAS, April 27, 2021 /PRNewswire/ CECO Environmental Corp. (“CECO,” “CECO Environmental”) (NASDAQ: CECE), a global leader in providing environmental and equipment protection solutions to a variety of markets and applications, is pleased to announce that it has been awarded a large-scale project to provide eleven simple-cycle exhaust stacks fitted with CECO Aarding Silencer Technology. The technology will be used for a new power generation plant in Germany, and is part of an initiative in the region to improve grid stability in support of an increase in renewable energy sources. ....

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CECO Environmental Wins Significant Contract to Provide Gas Turbine Exhaust Systems for a Simple-Cycle Gas Power-Generation Project in Germany

CECO Environmental Wins Significant Contract to Provide Gas Turbine Exhaust Systems for a Simple-Cycle Gas Power-Generation Project in Germany
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