CECO Environmental (CECE) Tops Q1 EPS by 4c
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CECO Environmental Corp. Reports First Quarter 2015 Financial Results
May 7, 2015 7:30 AM EDTCINCINNATI, May 7, 2015 /PRNewswire/ --
Revenue of $81.0 million for the first quarter was up 41.6% from the same period last year; organic revenue was up 8.6% on a constant currency basis compared to the same period last year. Achieved record bookings in the first quarter of $93.9 million, including 9.3% year-over-year organic growth; backlog grew 9.2% sequentially. Gross profit of $21.0 million (25.9% gross margin) for the first quarter was up 6.6%, from $19.7 million (34.5% gross margin) in the prior-year period. Operating income of $3.0 million (3.7% operating margin) for the first quarter was down 45.4%, from $5.5 million (9.6% operating margin) in the prior-year period.... More