CECO Environmental Co.

CECO reported record Q2 orders of $799 million, revenue of $285 million (up 54% YoY) and adjusted EBITDA of $40.2 million with a 14.1% margin, lifting backlog to $1.82 billion and a sales pipeline above $8.5 billion. The company captured roughly $13 million of annualized net adjusted EBITDA savings within 60 days of closing Thermon and reiterated a $40 million synergy target. CECO raised full-year 2026 guidance to $1.3–1.375 billion in revenue and $200–225 million in adjusted EBITDA, citing continued double-digit organic growth and strong pipeline conversion. » Plus sur finance.yahoo.com

CECO Environmental reported record Q2 with $799 million of orders, $285 million revenue, about $40 million adjusted EBITDA and backlog above $1.8 billion; revenue rose 54% year over year and adjusted EBITDA increased 73% with margins at 14.1%. The Thermon acquisition (closed June 1) contributed one month of results and generated roughly $13 million of annualized net adjusted EBITDA savings within 60 days, with management identifying more than 100 cross-selling opportunities. CECO raised full-year 2026 guidance to $1.3 billion–$1.375 billion in revenue and $200 million–$225 million in adjusted EBITDA, and reiterated targets of over $2 billion in annual orders and at least 55% adjusted free-cash-flow conversion. » Plus sur finance.yahoo.com

Ceco Environmental shares rose to a record high of $92.06 and are currently trading at $92.16, with a market capitalization of about $3.3 billion. The stock gained 243.64% over the past year; InvestingPro classifies the stock as overvalued (P/E 241). After acquiring Thermon Group, Ceco raised its 2026 outlook to revenues of $1.275–1.375 billion and adjusted EBITDA of $195–225 million; the combined company now operates under Ceco. Analysts at Roth/MKM and Needham raised their price targets citing strong order intake and a record order backlog of $1.035 billion. » Plus sur de.investing.com