$268.8 M

CECE Mkt cap, 12-Dec-2018

$88.3 M

CECO Environmental Revenue Q3, 2018
CECO Environmental Gross profit (Q3, 2018)28.7 M
CECO Environmental Gross profit margin (Q3, 2018), %32.5%
CECO Environmental Net income (Q3, 2018)-12.9 M
CECO Environmental EBIT (Q3, 2018)-10.4 M
CECO Environmental Cash, 30-Sep-201830.7 M
CECO Environmental EV241.9 M

CECO Environmental Revenue Breakdown

Embed Graph

CECO Environmental revenue breakdown by business segment: 20.0% from Fluid Handling and Filtration Segment, 43.2% from Energy Segment and 36.8% from Environmental Segment

CECO Environmental Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

197.3m263.2m367.4m417.0m345.1m

Revenue growth, %

33%40%13%(17%)

Cost of goods sold

258.3m282.2m231.9m

Gross profit

109.2m134.9m113.2m

Gross profit Margin, %

30%32%33%

General and administrative expense

81.7m89.0m

Operating expense total

160.4m105.2m

EBIT

7.0m21.7m4.9m(25.6m)8.0m

EBIT margin, %

4%8%1%(6%)2%

Interest expense

6.0m7.7m6.7m

Pre tax profit

(3.1m)(33.0m)1.4m

Income tax expense

2.6m5.3m4.4m

Net Income

6.6m13.1m(5.7m)(38.3m)(3.0m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

49.8m57.2m66.6m63.3m81.0m87.0m98.2m103.2m112.3m101.6m92.7m93.9m85.0m74.1m155.2m88.3m

Cost of goods sold

35.2m37.4m45.2m42.2m60.0m60.3m67.4m71.6m78.3m67.9m60.7m65.4m57.9m48.6m102.1m59.6m

Gross profit

14.6m19.7m21.4m21.1m21.0m26.6m30.8m31.6m33.9m33.7m31.9m28.5m27.1m25.6m53.1m28.7m

Gross profit Margin, %

29%35%32%33%26%31%31%31%30%33%34%30%32%34%34%32%

General and administrative expense

13.0m13.7m14.4m18.1m20.9m20.1m19.5m23.3m21.5m22.0m21.6m43.9m22.2m

Operating expense total

13.0m13.7m14.4m18.1m20.9m20.1m19.5m23.3m21.5m22.0m21.6m43.9m22.2m

EBIT

(3.4m)5.5m7.2m5.2m3.0m4.5m(2.2m)5.8m8.6m10.5m1.4m9.3m5.6m12.2m14.7m(10.4m)

EBIT margin, %

(7%)10%11%8%4%5%(2%)6%8%10%1%10%7%16%9%(12%)

Interest expense

456.0k742.0k746.0k767.0k960.0k1.2m1.7m2.1m2.0m1.9m1.7m1.6m1.6m1.9m3.7m1.7m

Pre tax profit

(3.7m)4.6m6.3m3.0m283.0k3.9m(4.2m)4.5m6.2m8.6m(470.0k)8.0m3.9m9.9m10.3m(11.6m)

Income tax expense

(2.3m)1.6m1.8m(684.0k)85.0k1.8m638.0k1.4m2.1m2.8m(508.0k)2.5m889.0k4.1m5.4m1.3m

Net Income

(1.5m)3.0m4.5m3.7m198.0k2.1m(4.8m)3.1m4.0m5.8m38.0k5.5m3.0m5.8m4.9m(12.9m)

CECO Environmental Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

22.7m19.4m34.2m45.8m29.9m

Accounts Receivable

44.4m58.4m97.8m83.1m68.0m

Prepaid Expenses

13.6m10.8m

Inventories

6.7m9.0m9.1m21.5m21.0m

Current Assets

124.8m143.0m228.5m213.0m173.9m

PP&E

21.7m19.0m45.0m27.3m23.4m

Goodwill

132.2m167.5m220.2m170.2m167.0m

Total Assets

348.5m414.4m598.8m498.6m438.5m

Accounts Payable

34.4m51.5m99.1m95.6m70.8m

Short-term debt

8.8m11.3m

Current Liabilities

59.3m75.4m148.2m146.4m107.9m

Long-term debt

114.4m103.5m

Non-Current Liabilities

162.2m144.1m

Total Debt

123.2m114.8m

Total Liabilities

308.6m252.0m

Common Stock

343.0k347.0k

Additional Paid-in Capital

159.6m168.9m243.3m244.9m248.2m

Retained Earnings

(41.7m)(52.7m)

Total Equity

170.4m181.2m245.0m190.1m186.6m

Debt to Equity Ratio

0.6 x0.6 x

Debt to Assets Ratio

0.2 x0.3 x

Financial Leverage

2 x2.3 x2.4 x2.6 x2.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

13.6m19.2m17.8m18.0m19.0m17.1m30.8m33.4m56.6m41.8m45.0m27.2m24.6m33.1m35.6m30.7m

Accounts Receivable

41.2m43.4m41.3m47.6m59.2m65.8m100.8m84.8m84.6m83.4m76.7m66.1m70.5m63.8m67.8m67.8m

Inventories

26.3m24.8m24.1m26.5m23.8m22.8m29.9m30.6m27.1m23.9m21.5m21.9m21.8m22.1m22.5m22.3m

Current Assets

122.5m114.4m114.4m125.5m151.0m152.0m244.7m216.1m233.7m213.4m200.8m179.1m179.9m177.8m181.3m170.4m

PP&E

22.4m20.2m19.4m18.2m17.7m17.2m47.5m43.4m40.8m28.8m26.5m25.5m24.7m23.0m22.2m21.9m

Goodwill

133.6m133.3m134.0m144.3m168.1m169.3m232.2m221.7m220.7m224.5m170.3m170.8m171.2m152.8m152.4m152.4m

Total Assets

353.6m335.8m333.6m350.6m417.4m416.7m646.8m581.9m591.7m562.0m482.3m458.4m455.5m422.1m421.4m405.2m

Accounts Payable

30.3m27.6m26.6m33.6m57.1m56.5m104.9m95.2m104.3m90.1m81.8m81.6m77.7m77.4m79.4m78.8m

Short-term debt

5.3m5.3m5.3m3.8m

Current Liabilities

54.6m49.0m45.7m55.7m83.9m83.8m148.6m142.6m160.4m144.7m132.0m118.5m114.6m104.0m109.6m111.2m

Total Debt

5.3m5.3m5.3m3.8m

Total Liabilities

185.2m163.9m158.0m172.7m238.1m236.2m396.2m335.3m344.7m317.5m292.9m263.7m258.5m227.5m230.2m227.8m

Additional Paid-in Capital

159.8m159.5m160.2m161.4m169.4m169.9m242.6m244.0m244.7m244.3m246.3m247.0m247.6m248.9m249.7m250.6m

Total Equity

168.4m171.9m175.6m177.9m179.3m180.6m250.6m246.6m247.0m244.5m189.4m194.6m197.1m194.6m191.2m177.4m

Debt to Equity Ratio

0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

2.1 x2 x1.9 x2 x2.3 x2.3 x2.6 x2.4 x2.4 x2.3 x2.5 x2.4 x2.3 x2.2 x2.2 x2.3 x

CECO Environmental Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

6.6m13.1m(5.7m)(38.3m)(3.0m)

Depreciation and Amortization

6.6m11.3m16.5m18.9m16.1m

Accounts Receivable

2.8m2.5m(16.0m)13.3m14.1m

Inventories

1.7m2.0m(3.5m)9.4m887.0k

Accounts Payable

4.5m1.5m(8.6m)(6.6m)(15.8m)

Cash From Operating Activities

24.2m16.3m12.6m69.6m6.6m

Purchases of PP&E

(1.1m)(1.0m)

Cash From Investing Activities

(105.6m)(37.8m)(35.0m)(419.0k)(660.0k)

Short-term Borrowings

(13.4m)2.3m

Long-term Borrowings

(14.2m)(8.9m)(107.7m)(41.8m)(11.2m)

Dividends Paid

(9.0m)(7.8m)

Cash From Financing Activities

81.1m18.3m38.9m(55.8m)(22.7m)

Net Change in Cash

11.6m(15.9m)

Interest Paid

1.8m2.8m4.7m6.9m5.7m

Income Taxes Paid

2.2m8.7m5.1m6.4m3.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(1.5m)3.0m4.5m3.7m198.0k2.1m(4.8m)3.1m4.0m5.8m38.0k5.5m8.6m5.8m4.9m(8.1m)

Depreciation and Amortization

8.2m12.1m3.5m7.0m10.1m

Accounts Receivable

41.3m47.6m59.2m65.8m100.8m84.8m84.6m83.4m76.7m17.3m12.7m(412.0k)(6.5m)(20.1m)

Inventories

(407.0k)(606.0k)(739.0k)(1.6m)(3.2m)

Accounts Payable

26.6m33.6m57.1m56.5m104.9m95.2m104.3m90.1m81.8m(8.0m)(9.1m)7.0m12.6m19.2m

Cash From Operating Activities

1.7m(1.1m)3.2m9.9m3.7m

Cash From Investing Activities

(597.0k)(439.0k)30.3m30.2m37.5m

Long-term Borrowings

(7.7m)(9.2m)(28.2m)(30.8m)(34.3m)

Dividends Paid

(5.2m)(7.8m)(24.0k)(44.0k)

Cash From Financing Activities

(20.2m)(20.6m)(30.6m)(34.1m)(37.7m)

Interest Paid

2.8m4.2m1.5m2.9m4.3m

Income Taxes Paid

2.7m3.3m594.0k3.3m8.6m

CECO Environmental Ratios

USDY, 2018

EV/EBIT

-23.2 x

EV/CFO

65.6 x

Financial Leverage

2.3 x
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CECO Environmental Employee Rating

2.722 votes
Culture & Values
2.0
Work/Life Balance
2.5
Senior Management
2.2
Salary & Benefits
2.5
Career Opportunities
2.4
Source