CECO Environmental (CECE) Misses Q2 EPS by 11c
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CECO Environmental Corp. Reports Second Quarter and Six Months 2017 Results; Improved Gross Profit Margin and Increased Sequential Bookings --- Despite Lower than Desired Overall Results
August 9, 2017 7:00 AM EDTDALLAS, Aug. 9, 2017 /PRNewswire/ --Â Â Highlights of the Second Quarter 2017*
Revenue of $93.9 million, compared with $112.3 million Gross profit of $28.5 million (30.4% margin), compared with $33.9 million (30.2% margin) Non-GAAP gross profit of $30.4 million (32.4% margin) compared with $34.0 million (30.3% margin) Operating income of $9.3 million compared with $8.6 million Non-GAAP operating income of $9.4 million compared with $13.0 million Net income was $5.5 million, compared with $4.0 million Non-GAAP net income of $2.9 million, compared with $7.3 million Net income per diluted share was $0.16, compared with $0.12 Non-GAAP net income per diluted share of $0.08, compared with $0.21 Adjusted EBITDA of $11.0 million, compared with $15.5 million... More