CECO Environmental Corp. (CECO) Financial Statements (2026 and earlier)

Company Profile

Business Address 5080 SPECTRUM DRIVE
ADDISON, TX 75001
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3564 - Industrial and Commercial Fans and Blowers and Air Purification Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,83254,77945,52229,90235,99235,602
Cash and cash equivalent37,83254,77945,52229,90235,99235,602
Restricted cash and investments3696691,0632,0931,8191,356
Receivables159,572112,73383,08674,99163,04668,434
Inventory, net of allowances, customer advances and progress billings42,62434,08926,52617,05217,34320,578
Inventory42,62434,08926,52617,05217,34320,578
Prepaid expense3,8268241,2712,7847,790 
Contract with customer, asset, after allowance for credit loss69,88966,57471,01651,42945,49834,805
Disposal group, including discontinued operation     467593
Other undisclosed current assets16,85911,76912,17410,76011,53018,130
Total current assets:330,971281,437240,658189,011183,485179,498
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,7112,0972,3292,6192,947 
Operating lease, right-of-use asset25,10216,25611,37310,89311,37613,607
Property, plant and equipment33,81026,23720,82815,94816,22815,274
Intangible assets, net (including goodwill)353,263271,357227,956196,653204,394197,594
Goodwill269,747211,326183,197161,183161,820152,020
Intangible assets, net (excluding goodwill)83,51660,03144,75935,47042,57445,574
Deferred income tax assets966304829   
Other undisclosed noncurrent assets13,8762,6037481,0738842,664
Total noncurrent assets:428,728318,854264,063227,186235,829229,139
TOTAL ASSETS:759,699600,291504,721416,197419,314408,637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:157,19987,691107,19884,08184,99778,319
Taxes payable✕✕✕✕1,493543 
Employee-related liabilities✕✕✕✕6,0655,0795,712
Accounts payable109,671 73,40756,24255,89948,762
Accrued liabilities47,52844,30116,4753,0744,0904,664
Other undisclosed accounts payable and accrued liabilities  43,39017,31617,20719,38619,181
Deferred revenue81,50156,89932,71628,90820,69134,369
Debt2,39311,1814,2242,8033,1252,500
Other undisclosed current liabilities3,56947,3352,562893543 
Total current liabilities:244,662203,106146,700116,685109,356115,188
Noncurrent Liabilities
Long-term debt and lease obligation217,230126,795107,62570,33978,80174,117
Long-term debt, excluding current maturities217,230126,795107,62561,57769,49163,001
Liabilities, other than long-term debt45,91432,89932,24823,21627,54620,372
Deferred income tax liabilities11,3228,8388,6668,3906,970 
Other liabilities14,36212,64415,12914,82620,57620,372
Operating lease, liability20,23011,4178,4538,7629,31011,116
Other undisclosed noncurrent liabilities      5,943
Total noncurrent liabilities:263,144159,694139,87393,555106,347100,432
Total liabilities:507,806362,800286,573210,240215,703215,620
Equity
Equity, attributable to parent247,689232,643213,224204,554202,658193,017
Common stock349348344350355353
Treasury stock, value     (356)(356)
Additional paid in capital255,211254,956250,174252,989255,296253,869
Accumulated other comprehensive loss(14,441)(16,274)(17,996)(12,070)(14,496)(14,505)
Retained earnings (accumulated deficit)6,570(6,387)(19,298)(36,715)(38,141)(46,344)
Equity, attributable to noncontrolling interest4,2044,8484,9241,403953 
Total equity:251,893237,491218,148205,957203,611193,017
TOTAL LIABILITIES AND EQUITY:759,699600,291504,721416,197419,314408,637

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues750,000544,845422,627324,140316,011341,869
Cost of revenue(361,786)(373,829)(294,402)(223,218)(210,883)(227,770)
Cost of product and service sold(361,786)(373,829)(294,402)(223,218)(210,883)(227,770)
Other undisclosed gross profit(192,067)     
Gross profit:196,147171,016128,225100,922105,128114,099
Operating expenses(151,455)(126,802)(98,094)(91,036)(89,410)(96,109)
Other operating income, net
(Other undisclosed Other operating income, net)		      
Other undisclosed operating income (loss)(9,289)(9,645)(7,970)(29)(2,372) 
Operating income:35,40334,56922,1619,85713,34617,990
Nonoperating income (expense)(4,692)3726,9472,2312,033751
Other nonoperating income (expense)(4,692)3726,9472,2312,033751
Interest and debt expense  (13,416)(5,419)(2,952)(3,535)(5,397)
Income from continuing operations before equity method investments, income taxes:30,71121,52523,6899,13611,84413,344
Other undisclosed loss from continuing operations before income taxes(13,020)  (4,462)  
Income from continuing operations before income taxes:17,69121,52523,6894,67411,84413,344
Income tax expense (benefit)(3,270)(7,024)(5,426)(2,691)(3,672)4,363
Income from continuing operations:14,42114,50118,2631,9838,17217,707
Income before gain (loss) on sale of properties:✕✕✕✕1,9838,17217,707
Net income:14,42114,50118,2631,9838,17217,707
Net income (loss) attributable to noncontrolling interest(1,464)(1,590)(846)55739 
Other undisclosed net loss attributable to parent    (1,114)  
Net income available to common stockholders, diluted:12,95712,91117,4171,4268,21117,707

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:14,42114,50118,2631,9838,17217,707
Other comprehensive income 7826199786680266
Other undisclosed comprehensive income (loss)1,0511,103(6,023)1,560(793)(1,167)
Comprehensive income:16,25416,22312,3374,4098,18116,606
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,464)(1,590)(846)55739 
Comprehensive income, net of tax, attributable to parent:14,79014,63311,4914,9668,22016,606

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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