CECO ENVIRONMENTAL CORP
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
CECO$51.83-0.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share data) | 2025 | 2024 | 2023 |
| Net sales | $774,381 | $557,933 | $544,845 |
| Cost of sales | 505,155 | 361,786 | 373,829 |
| Gross profit | 269,226 | 196,147 | 171,016 |
| Selling and administrative expenses | 200,728 | 146,698 | 122,944 |
| Amortization expenses | 16,166 | 8,723 | 7,446 |
| Acquisition and integration expenses | 9,555 | 4,213 | 2,508 |
| Gain on sale of Global Pump Solutions business | (63,701) | — | — |
| Other operating expense | 619 | 1,110 | 3,549 |
| Income from operations | 105,859 | 35,403 | 34,569 |
| Other expense (income) | 2,101 | 4,692 | (372) |
| Interest expense | 20,913 | 13,020 | 13,416 |
| Income before income taxes | 82,845 | 17,691 | 21,525 |
| Income tax expense | 29,738 | 3,270 | 7,024 |
| Net income | 53,107 | 14,421 | 14,501 |
| Noncontrolling interest | 3,056 | 1,464 | 1,590 |
| Net income attributable to CECO Environmental Corp. | $50,051 | $12,957 | $12,911 |
| Income per share: | |||
| Basic | $1.42 | $0.37 | $0.37 |
| Diluted | $1.37 | $0.36 | $0.37 |
| Weighted average number of common shares outstanding: | |||
| Basic | 35,331,105 | 34,927,313 | 34,665,473 |
| Diluted | 36,603,956 | 36,381,910 | 35,334,090 |
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