CECO Environmental Corp. (CECO) Financial Statements (2025 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

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,77945,52229,90235,99235,60243,676
Cash and cash equivalents54,77945,52229,90235,99235,60243,676
Restricted cash and investments6691,0632,0931,8191,356762
Receivables112,73383,08674,99163,04668,43453,225
Inventory, net of allowances, customer advances and progress billings34,08926,52617,05217,34320,57820,817
Inventory34,08926,52617,05217,34320,57820,817
Prepaid expense8241,2712,7847,790 1,388
Contract with customer, asset, after allowance for credit loss66,57471,01651,42945,49834,80529,694
Disposal group, including discontinued operation    4675931,186
Other undisclosed current assets11,76912,17410,76011,53018,13010,117
Total current assets:281,437240,658189,011183,485179,498160,865
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 2,0972,3292,6192,947 ✕
Operating lease, right-of-use asset16,25611,37310,89311,37613,607✕
Property, plant and equipment26,23720,82815,94816,22815,27422,200
Intangible assets, net (including goodwill)271,357227,956196,653204,394197,594206,373
Goodwill211,326183,197161,183161,820152,020152,156
Intangible assets, net (excluding goodwill)60,03144,75935,47042,57445,57454,217
Deferred income tax assets304829   ✕
Other undisclosed noncurrent assets2,6037481,0738842,6643,144
Total noncurrent assets:318,854264,063227,186235,829229,139231,717
TOTAL ASSETS:600,291504,721416,197419,314408,637392,582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:87,691107,19884,08184,99778,31980,229
Taxes payable✕✕✕1,493543 1,813
Employee-related liabilities✕✕✕6,0655,0795,7127,578
Accounts payable 73,40756,24255,89948,76251,984
Accrued liabilities44,30116,4753,0744,0904,6643,384
Other undisclosed accounts payable and accrued liabilities 43,39017,31617,20719,38619,18115,470
Deferred revenue56,89932,71628,90820,69134,369✕
Debt11,1814,2242,8033,1252,5002,178
Contract with customer, liability✕✕✕✕✕✕20,144
Other undisclosed current liabilities47,3352,562893543 1,335
Total current liabilities:203,106146,700116,685109,356115,188103,886
Noncurrent Liabilities
Long-term debt and lease obligation126,795107,62570,33978,80174,11774,456
Long-term debt, excluding current maturities126,795107,62561,57769,49163,00174,456
Liabilities, other than long-term debt32,89932,24823,21627,54620,37235,680
Deferred tax liabilities, net✕✕✕✕✕✕8,755
Deferred income tax liabilities8,8388,6668,3906,970 ✕
Liability for uncertainty in income taxes      
Liability, pension and other postretirement and postemployment benefits      
Other liabilities12,64415,12914,82620,57620,37226,925
Operating lease, liability11,4178,4538,7629,31011,116✕
Other undisclosed noncurrent liabilities    5,943 
Total noncurrent liabilities:159,694139,87393,555106,347100,432110,136
Total liabilities:362,800286,573210,240215,703215,620214,022
Equity
Equity, attributable to parent232,643213,224204,554202,658193,017178,560
Common stock348344350355353349
Treasury stock, value    (356)(356)(356)
Additional paid in capital254,956250,174252,989255,296253,869251,409
Accumulated other comprehensive loss(16,274)(17,996)(12,070)(14,496)(14,505)(13,415)
Retained earnings (accumulated deficit)(6,387)(19,298)(36,715)(38,141)(46,344)(59,427)
Equity, attributable to noncontrolling interest4,8484,9241,403953  
Total equity:237,491218,148205,957203,611193,017178,560
TOTAL LIABILITIES AND EQUITY:600,291504,721416,197419,314408,637392,582

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues544,845422,627324,140316,011341,869337,339
Cost of revenue(373,829)(294,402)(223,218)(210,883)(227,770)(225,802)
Cost of goods and services sold(373,829)(294,402)(223,218)(210,883)(227,770)(225,802)
Other undisclosed gross profit      
Gross profit:171,016128,225100,922105,128114,099111,537
Operating expenses(126,802)(98,094)(91,036)(89,410)(96,109)(101,535)
Other undisclosed operating loss(9,645)(7,970)(29)(2,372)  
Operating income:34,56922,1619,85713,34617,99010,002
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		3726,9472,2312,033751(365)
Interest and debt expense(13,416)(5,419)(2,952)(3,535)(5,397)(7,140)
Income from continuing operations before equity method investments, income taxes:21,52523,6899,13611,84413,3442,497
Other undisclosed loss from continuing operations before income taxes  (4,462)   
Income from continuing operations before income taxes:21,52523,6894,67411,84413,3442,497
Income tax expense (benefit)(7,024)(5,426)(2,691)(3,672)4,363(9,618)
Income (loss) from continuing operations:14,50118,2631,9838,17217,707(7,121)
Income (loss) before gain (loss) on sale of properties:✕✕✕1,9838,17217,707(7,121)
Net income (loss):14,50118,2631,9838,17217,707(7,121)
Net income (loss) attributable to noncontrolling interest(1,590)(846)55739  
Other undisclosed net loss attributable to parent   (1,114)   
Net income (loss) available to common stockholders, diluted:12,91117,4171,4268,21117,707(7,121)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):14,50118,2631,9838,17217,707(7,121)
Other comprehensive income 619978668026617
Other undisclosed comprehensive income (loss)1,103(6,023)1,560(793)(1,167)(3,821)
Comprehensive income (loss):16,22312,3374,4098,18116,606(10,925)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,590)(846)55739  
Comprehensive income (loss), net of tax, attributable to parent:14,63311,4914,9668,22016,606(10,925)

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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