Full-Time
Air pollution control and environmental solutions
No salary listed
Remote in USA
Remote
Remote within the United States, with travel up to 75% across state borders.
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CECO Environmental provides systems and services for air pollution control, energy recovery, and fluid handling. Its products help reduce emissions and improve air quality by capturing pollutants, filtering contaminants, and recovering energy in industrial processes. The company was founded in 1966 and became public in 1978, then grew through strategic acquisitions, including Met-Pro in 2013, to expand its filtration and fluid-handling capabilities. CECO differentiates itself with a broad portfolio of environmental technologies and a global footprint, backed by a commitment to sustainability and environmental stewardship. Its goal is to be a leading, full-spectrum provider of environmental solutions that help customers lower environmental impact and meet regulatory requirements worldwide.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Cincinnati, Ohio
Founded
1966
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CECO Environmental is set to announce its Q2 earnings results on Monday morning. Last quarter, the environmental solutions provider beat analysts' revenue expectations with $205.9 million in revenues, up 16.5% year on year. The company also exceeded EPS estimates and topped analysts' full-year revenue guidance expectations. For Q2, analysts expect CECO Environmental's revenue to grow 50.4% year on year, an improvement from the 34.8% increase recorded in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days. CECO Environmental's share price is down 12.7% over the past month, whilst the broader industrial and environmental services segment has seen share prices rise 7.9% on average. The company currently has an average analyst price target of $108, compared to its current share price of $72.63.
CECO Environmental Corp reported record second-quarter orders of $799 million, up 191% year-over-year, and a backlog of $1.8 billion, up 164%. Revenue increased 54% to $285 million, whilst adjusted EBITDA rose 73% to $40.2 million. Adjusted EBITDA margin expanded 150 basis points to 14.1%, marking the first quarter with mid-teen margins. The company's integration of Thermon is ahead of schedule, capturing $13 million of annualised EBITDA savings in the first 60 days. CECO raised its full-year 2026 revenue and adjusted EBITDA guidance, citing strong visibility from its record backlog and $8.5 billion pipeline. The leverage ratio stands at 2.7x, near the high end of the target range. CEO Todd Gleeson reported a steady cadence of opportunities across power, water, and industrial markets, expressing confidence in exceeding $2 billion in orders for the full year.
CECO Environmental reported Q2 2026 revenue of $285 million, beating analyst estimates of $278.9 million and marking 53.7% year-on-year growth. The environmental solutions provider also exceeded profit expectations with adjusted earnings per share of $0.47, compared to the consensus estimate of $0.33. The company raised its full-year revenue guidance to $1.34 billion at the midpoint, up from $970 million previously, representing a 37.9% increase. This new guidance came in 1.9% above analyst estimates. EBITDA guidance of $212.5 million also surpassed expectations of $208.2 million. Following the announcement, CECO Environmental's stock jumped 12.1%. The company's market capitalisation stands at $4.14 billion. However, operating margin declined to -11.6% from 9.7% in the same quarter last year, and free cash flow was -$24.3 million.
CECO Environmental led industrial and environmental services stocks in Q1 earnings, reporting revenues of $205.9 million, up 16.5% year-on-year and beating analysts' expectations by 4.1%. The company delivered the fastest revenue growth amongst its peers, with shares surging 46.9% following the results to $95.35. The eight industrial and environmental services stocks tracked reported satisfactory Q1 results overall, with revenues beating consensus estimates by 1.9%. The sector has performed well, with share prices up 12% on average since earnings. Cintas reported revenues of $2.84 billion, up 8.9% year-on-year, slightly exceeding expectations by 0.7%. However, the stock fell 2.3% following the mixed results to $174.04. Growing regulatory pressure and corporate ESG commitments are expected to support the sector's long-term growth.
Munish Nanda, a director at CECO Environmental Corp., sold 11,218 shares for approximately $830,000 on 1 May 2026, according to an SEC Form 4 filing. The transaction represented 15.31% of his direct holdings, leaving him with 62,031 shares valued at $4.61 million. This marks Nanda's first open-market sale, with no evidence of repeated selling activity. The sale occurred after CECO Environmental's shares delivered a 204% one-year total return, suggesting the director captured appreciation whilst retaining 84.7% of his direct stake. CECO Environmental designs and installs air quality and fluid handling systems for industrial pollution control, serving sectors including natural gas processing, refining and power generation. The company reported $803.6 million in trailing twelve-month revenue.