CECO ENVIRONMENTAL CORP
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
CECO$51.83-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands, except share and per share data) | 2024 | 2023 | 2022 |
| Net sales | $557,933 | $544,845 | $422,627 |
| Cost of sales | 361,786 | 373,829 | 294,402 |
| Gross profit | 196,147 | 171,016 | 128,225 |
| Selling and administrative expenses | 146,698 | 122,944 | 93,473 |
| Amortization and earnout expenses | 9,064 | 8,180 | 6,809 |
| Acquisition and integration expenses | 4,213 | 2,508 | 4,546 |
| Executive transition expenses | — | 1,465 | 1,161 |
| Restructuring expenses | 544 | 1,350 | 75 |
| Asbestos litigation expenses | 225 | — | — |
| Income from operations | 35,403 | 34,569 | 22,161 |
| Other (expense) income, net | (4,692) | 372 | 6,947 |
| Interest expense | (13,020) | (13,416) | (5,419) |
| Income before income taxes | 17,691 | 21,525 | 23,689 |
| Income tax expense | 3,270 | 7,024 | 5,426 |
| Net income | 14,421 | 14,501 | 18,263 |
| Noncontrolling interest | (1,464) | (1,590) | (846) |
| Net income attributable to CECO Environmental Corp. | $12,957 | $12,911 | $17,417 |
| Income per share: | |||
| Basic | $0.37 | $0.37 | $0.50 |
| Diluted | $0.36 | $0.37 | $0.50 |
| Weighted average number of common shares outstanding: | |||
| Basic | 34,927,313 | 34,665,473 | 34,672,007 |
| Diluted | 36,381,910 | 35,334,090 | 35,005,159 |
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