CECO Environmental

CECO is diversified global provider of leading engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments, targeting specific niche-focused end markets through an attractive asset-light business model, strategically balanced across the world. CECO targets its $5 billion+ of installed base, specifically to expand and grow a higher recurring revenue of aftermarket products and services. CECO’s well respected brands, technologies and solutions have been evolving for well over 50 years to become leading-edge technologies in specific niche global end markets, including natural gas turbine power, refinery & petrochemical engineered cyclones and mid-stream energy pipeline gas transmission. CECO is listed on Nasdaq under the ticker symbol “CECE.”
Company Growth (employees)
Type
Public
HQ
Cincinnati, US
Size (employees)
970 (est)
CECO Environmental is headquartered in Cincinnati, US

CECO Environmental Office Locations

CECO Environmental has offices in Cincinnati, Seattle, Louisville, Pittsburgh and in 20 other locations
Cincinnati, US (HQ)
200 4625 Red Bank Rd
Show all (24)

CECO Environmental Data and Metrics

CECO Environmental Financial Metrics

CECO Environmental's revenue was reported to be $92.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

92.7 m

Gross profit (Q1, 2017)

31.9 m

Gross profit margin (Q1, 2017), %

34%

Net income (Q1, 2017)

38 k

EBIT (Q1, 2017)

1.4 m

Market capitalization (17-Aug-2017)

245.7 m

Cash (31-Mar-2017)

45 m
CECO Environmental's current market capitalization is $245.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

197.3 m263.2 m367.4 m417 m

Revenue growth, %

33%40%13%

Cost of goods sold

258.3 m282.2 m

Gross profit

109.2 m134.9 m

Gross profit Margin, %

30%32%

EBIT

7 m21.7 m4.9 m(25.6 m)

EBIT margin, %

4%8%1%(6%)

Pre tax profit

(3.1 m)(33 m)

Net Income

6.6 m13.1 m(5.7 m)(38.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

66.6 m63.3 m81 m87 m98.2 m103.2 m112.3 m101.6 m92.7 m

Cost of goods sold

45.2 m42.2 m60 m60.3 m67.4 m71.6 m78.3 m67.9 m60.7 m

Gross profit

21.4 m21.1 m21 m26.6 m30.8 m31.6 m33.9 m33.7 m31.9 m

Gross profit Margin, %

32%33%26%31%31%31%30%33%34%

General and administrative expense

13 m13.7 m14.4 m18.1 m20.9 m20.1 m19.5 m23.3 m

Operating expense total

13 m13.7 m14.4 m18.1 m20.9 m20.1 m19.5 m23.3 m

EBIT

7.2 m5.2 m3 m4.5 m(2.2 m)5.8 m8.6 m10.5 m1.4 m

EBIT margin, %

11%8%4%5%(2%)6%8%10%1%

Interest expense

(746 k)(767 k)(960 k)(1.2 m)(1.7 m)(2.1 m)(2 m)(1.9 m)(1.7 m)

Pre tax profit

6.3 m3 m283 k3.9 m(4.2 m)4.5 m6.2 m8.6 m(470 k)

Income tax expense

1.8 m(684 k)85 k1.8 m638 k1.4 m2.1 m2.8 m(508 k)

Net Income

4.5 m3.7 m198 k2.1 m(4.8 m)3.1 m4 m5.8 m38 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

22.7 m19.4 m34.2 m45.8 m

Accounts Receivable

44.4 m58.4 m97.8 m83.1 m

Inventories

6.7 m9 m9.1 m21.5 m

Current Assets

124.8 m143 m228.5 m213 m

PP&E

21.7 m19 m45 m27.3 m

Goodwill

132.2 m167.5 m220.2 m170.2 m

Total Assets

348.5 m414.4 m598.8 m498.6 m

Accounts Payable

34.4 m51.5 m99.1 m95.6 m

Current Liabilities

59.3 m75.4 m148.2 m146.4 m

Total Liabilities

308.6 m

Additional Paid-in Capital

159.6 m168.9 m243.3 m244.9 m

Total Equity

170.4 m181.2 m245 m190.1 m

Financial Leverage

2 x2.3 x2.4 x2.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

17.8 m18 m19 m17.1 m30.8 m33.4 m56.6 m41.8 m45 m

Accounts Receivable

41.3 m47.6 m59.2 m65.8 m100.8 m84.8 m84.6 m83.4 m76.7 m

Inventories

24.1 m26.5 m23.8 m22.8 m29.9 m30.6 m27.1 m23.9 m21.5 m

Current Assets

114.4 m125.5 m151 m152 m244.7 m216.1 m233.7 m213.4 m200.8 m

PP&E

19.4 m18.2 m17.7 m17.2 m47.5 m43.4 m40.8 m28.8 m26.5 m

Goodwill

134 m144.3 m168.1 m169.3 m232.2 m221.7 m220.7 m224.5 m170.3 m

Total Assets

333.6 m350.6 m417.4 m416.7 m646.8 m581.9 m591.7 m562 m482.3 m

Accounts Payable

26.6 m33.6 m57.1 m56.5 m104.9 m95.2 m104.3 m90.1 m81.8 m

Current Liabilities

45.7 m55.7 m83.9 m83.8 m148.6 m142.6 m160.4 m144.7 m132 m

Additional Paid-in Capital

160.2 m161.4 m169.4 m169.9 m242.6 m244 m244.7 m244.3 m246.3 m

Total Equity

175.6 m177.9 m179.3 m180.6 m250.6 m246.6 m247 m244.5 m189.4 m

Financial Leverage

1.9 x2 x2.3 x2.3 x2.6 x2.4 x2.4 x2.3 x2.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

6.6 m13.1 m(5.7 m)(38.3 m)

Depreciation and Amortization

6.6 m11.3 m16.5 m18.9 m

Accounts Receivable

2.8 m2.5 m(16 m)13.3 m

Inventories

1.7 m2 m(3.5 m)9.4 m

Accounts Payable

4.5 m1.5 m(8.6 m)(6.6 m)

Cash From Operating Activities

24.2 m16.3 m12.6 m69.6 m

Cash From Investing Activities

(105.6 m)(37.8 m)(35 m)(419 k)

Long-term Borrowings

(14.2 m)(8.9 m)(107.7 m)(41.8 m)

Cash From Financing Activities

81.1 m18.3 m38.9 m(55.8 m)

Interest Paid

1.8 m2.8 m4.7 m6.9 m

Income Taxes Paid

2.2 m8.7 m5.1 m6.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4.5 m3.7 m198 k2.1 m(4.8 m)3.1 m4 m5.8 m38 k

Accounts Receivable

41.3 m47.6 m59.2 m65.8 m100.8 m84.8 m84.6 m83.4 m76.7 m

Accounts Payable

26.6 m33.6 m57.1 m56.5 m104.9 m95.2 m104.3 m90.1 m81.8 m
USDY, 2017

Revenue/Employee

95.5 k

Financial Leverage

2.5 x

CECO Environmental Market Value History

CECO Environmental Job Categories

Traffic Overview of CECO Environmental

CECO Environmental Company Life and Culture

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