CECO: Fourth Quarter Earnings Overview
CECO Environmental Corp. Announces Fourth Quarter Financial Results
Located in Addison, Texas, CECO Environmental Corp. reported a net profit of $3.1 million for the fourth quarter, according to figures released on Tuesday.
The company’s earnings translated to $0.08 per share. After adjusting for one-time expenses, the earnings per share were $0.30.
CECO, which specializes in air pollution control and industrial ventilation products, generated $214.7 million in revenue during the quarter—surpassing analyst expectations. Zacks Investment Research had projected revenue of $208.6 million, based on a survey of three analysts.
For the full year, CECO posted a profit of $50.1 million, or $1.37 per share, with total revenue reaching $774.4 million.
Looking ahead, the company anticipates its annual revenue will fall between $925 million and $975 million.
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