Needham & Company Cuts Price Target as CECO Environmental (CECE) Delivers Mixed 4Q Results

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Go back to Needham & Company Cuts Price Target as CECO Environmental (CECE) Delivers Mixed 4Q Results

CECO Environmental To Present At The 28th Annual ROTH Growth Conference On March 15, 2016

March 11, 2016 7:00 AM EST

CINCINNATI, March 11, 2016 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE), a leading global environmental, energy and fluid handling technology company, today announced that Jeff Lang, President & CEO,  and Tracy Krumme, Vice President of Investor Relations, will be attending the 28th Annual ROTH Growth Conference on Tuesday, March 15, 2016.  Presentation details are... More

CECO Environmental Corp. Reports Fourth Quarter and Full Year 2015 Results

March 10, 2016 7:00 AM EST

CINCINNATI, March 10, 2016 /PRNewswire/ --  

Fourth Quarter 2015*

Revenue of $103.9 million, up 37%; Organic revenue flat on a constant currency basis Gross profit of $33.2 million, up 47%; Gross margin of 31.9%, up 220 basis points Adjusted EBITDA of $12.7 million, up 43% Net loss per diluted share of $0.09, compared with net income per diluted share of $0.07 Non-GAAP net income per diluted share of $0.18, compared with non-GAAP net income per diluted share of $0.22 Debt repayment of $20 million

Full-Year 2015*

Record revenue of $370.1 million, up 41%; Organic revenue up 3.4% on a constant currency basis... More