CECO Environmental (CECE) Reports In-Line Q2 EPS

CECO Environmental (NASDAQ: CECE) reported Q2 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $78.7 million versus the consensus estimate of $76.34 million.

Todd Gleason, Chief Executive Officer, commented, "I am very pleased with our second quarter and first half 2021 results which continues to build a strong backlog for future revenue. Demand for our environmental solutions across a diversified set of industrial markets gives us conviction that we will deliver renewed revenue growth in the coming periods. Year-to-date our bookings were up over 30 percent, and our opportunity pipeline remains strong and broad based."

Mr. Gleason added, "Today's stock buyback announcement reflects our confidence in CECO's business and our expectations that we will execute our strategic growth plans to deliver strong shareholder value. Our improved business performance and healthy balance sheet has positioned CECO to drive strategic acquisitions, invest in our core businesses and return cash to shareholders."

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

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