CECO Environmental (CECE) Tops Q3 EPS by 3c

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CECO Environmental Corp. Reports Third Quarter and Nine Months 2016 Results; Achieved Record Operating Income, Net Income and Adjusted EBITDA

November 8, 2016 7:30 AM EST

CINCINNATI, Nov. 8, 2016 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE), a leading global energy, environmental, and industrial technology company, today reported its financial results for the third quarter and first nine months of 2016.

Third Quarter 2016 Highlights*

Revenue of $101.6 million, up 3.4% Gross profit of $33.7 million, up 9.4% Gross margin of 33.2%, up 180 basis points Operating income of $10.5 million, non-GAAP operating income of $14.4 million Net income of $5.8 million; non-GAAP net income of $8.2 million Net income per... More