Ceco Environmental (WCE) Stock Price & Analysis
WCE Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- CHF 2.44B
- Enterprise Value
- CHF 4.64B
- Total Cash (Recent Filing)
- CHF 61.07M
- Total Debt (Recent Filing)
- CHF 762.72M
- Price to Earnings (P/E)
- ―
- Beta
- -0.81
- Next Earnings
- Nov 09, 2026 (Est.)
- EPS Estimate
- 0.49
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Backlog And Orders
Record orders and a rapidly expanding backlog provide substantial revenue visibility for the coming quarters. Backlog growth across 12 consecutive quarters and a high book-to-bill indicate durable customer demand, supporting continued scale, resource planning, and operating leverage.
Growth And Guidance
Raised full-year guidance signals management expects strong demand to persist beyond a single quarter. The outlook combines approximately 20% revenue growth with mid-teens adjusted EBITDA margins, suggesting the larger platform can convert expansion into meaningful operating earnings.
Thermon Synergies
Early synergy capture demonstrates tangible progress integrating Thermon and extracting value from the acquisition. Identified cross-sell opportunities and initial wins can broaden CECO’s customer relationships, improve the combined cost base, and support earnings growth as integration continues.
Bears Say
Profitability Reversal
The latest trailing period shows a material deterioration in reported profitability despite strong revenue growth. A net loss and negative EBITDA reduce internal funding capacity, make earnings less predictable, and raise the execution burden required to convert expansion into sustainable shareholder returns.
Weak Cash Conversion
Negative free cash flow and sharply deteriorating conversion indicate that recent growth has required substantial cash investment. This can constrain debt reduction and capital allocation, while making execution on the large backlog more dependent on disciplined working-capital and spending management.
Acquisition Leverage
The Thermon acquisition materially increased leverage, leaving CECO with less financial flexibility while integration and synergy realization remain ongoing. Debt reduction depends on sustained cash generation, so weaker execution or delayed benefits could limit investment capacity and increase balance-sheet pressure.
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Company Description
Ceco Environmental
CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions in the United States, the United Kingdom, the Netherlands, China, and internationally. It operates through Engineered Systems and Industrial Process Solutions segments. The company offers emissions management, fluid bed cyclones, thermal acoustics, and separation and filtration solutions; engineering services and environmental systems; and industrial exhaust air contamination treatment and control systems, solutions, and services, as well as intelligent control solutions. It also provides engineered and configured products and solutions, including dampers and diverters, expansion joints, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, separators and coalescers, water treatment packages, metallic and non-metallic pumps, industrial silencers, and fluid handling equipment, as well as plant engineering services and engineered design build fabrication services. In addition, the company offers solutions for air pollution and contamination control, fluid handling, and process filtration in various applications, such as aluminum beverage can production, automobile production, food and beverage processing, semiconductor fabrication, electronics production, steel and aluminum mill processing, wood manufacturing, desalination, and aquaculture markets. It markets its power generation, hydrocarbon processing, water/wastewater treatment, oily water separation and treatment, marine and naval vessels, and midstream oil and gas sectors. CECO Environmental Corp. was founded in 1869 and is headquartered in Addison, Texas.
- Sector
- Industrials
- Industry
- Industrial - Pollution & Treatment Controls
- CEO
- Todd R. Gleason
- Employees
- 1,540
- Website
- www.cecoenviro.com
- Address
- 5080 Spectrum Drive, Addison, TX, 75001, US
Ceco Environmental (WCE) Earnings & Revenues
WCE Company Deck
WCE Earnings Call
Earnings Call SentimentPositive
The call conveyed strong, broad-based operating momentum: record orders, a rapidly growing backlog, robust pipeline, meaningful quarter-over-quarter and year-over-year revenue and EBITDA growth, early Thermon integration synergies, raised guidance, and strong cash generation. Key near-term challenges include acquisition-related one-time costs, a sizable increase in debt and leverage from the Thermon purchase (though management is actively de-levering and has available liquidity), partial rather than complete synergy realization to date, and timing uncertainty for some large industrial water projects due to geopolitical delays. On balance, the positives dominate with high-confidence revenue visibility and integration progress.
View all CH:WCE earnings summaries