Trade CECO Environmental Corp - CECE CFD

CECO Environmental Company profile

About CECO Environmental Corp.

CECO Environmental Corp. is a provider of air quality and fluid handling solutions, which is focused on serving the energy, industrial, and other niche markets around the world. The Company operates through two segments: Engineered Systems segment and Industrial Process Solutions segment. Its Engineered Systems segment serves the power generation, refinery, water/waste water, and midstream oil and gas markets. This segment offers environmental and equipment protection through its engineered emissions management, product recovery, thermal acoustics, and water and gas separation solutions. Its Industrial Process Solutions segment serves the industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, and other markets. This segment offers particulate filtration, chemical and thermal abatement, industrial ventilation, and pumps and filtration equipment for mission-critical applications.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, CECO Environmental Corp. revenues increased 3% to $324.1M. Net income decreased 83% to $1.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Engineered Systems segment income decrease of 25% to $25.8M, Corporate and Other segment loss increase of 10% to $31M.

Equity composition

Common Stock $.01 Par, 03/11, 100M auth., 14,468,726 issd., less 137,920 shs. in Treas. @ $356K. Insiders own 41.17%. PO 11/68, 50,000 shares @ $6 by North American Planning. 4/91, issd. 5,000,000 shares for $100K debt due. 9/92, 1-for-5 reverse stock split. *NOTE: FY'01 Q's are reclassified. FY'00 & '01 A's are reclassified