Financial OutlookThe company increased its 2024 revenue guidance based on strong Q4 results, suggesting a 10% growth at the midpoint, bolstered by a solid international market presence and effective execution on both organic and acquisition strategies.
Financial PerformanceCECO delivered a surprisingly strong Q1'24 gross margin, which, along with a record backlog and strong orders, supports a positive outlook for 2024.
Growth ProspectsManagement is upbeat about the pipeline and booking momentum, with solid tailwinds across the business and incremental growth opportunities from M&A, indicating potential upside to Street estimates.