CECO Environmental (CECE) Tops Q1 EPS by 8c, Beats on Revenues

CECO Environmental (NASDAQ: CECE) reported Q1 EPS of $0.05, $0.08 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $74.1 million versus the consensus estimate of $68 million.

Highlights of the First Quarter 2018*

• Revenue of $74.1 million, compared with $92.7 million
• Gross profit of $25.6 million (34.5% margin), compared with $32.0 million (34.5% margin)
• Operating income of $12.2 million, compared with $1.4 million
• Non-GAAP operating income of $4.0 million, compared with $10.2 million
• Net income was $5.8 million, compared with break even
• Non-GAAP net income of $1.7 million, compared with $7.0 million
• Net income per diluted share was $0.17, compared with break even
• Non-GAAP net income per diluted share of $0.05, compared with $0.20
• Adjusted EBITDA of $5.6 million, compared with $11.7 million
• Bookings of $95.0 million, compared with $84.0 million
• Backlog of $182.1 million, compared with $168.9 as of December 31, 2017
• Repaid $30.5 million in bank debt

For earnings history and earnings-related data on CECO Environmental (CECE) click here.

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