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CECO Environmental Corp. (CECO)

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Upturn Advisory Summary
02/27/2026: CECO (4-star) is a SELL. SELL since 4 days. Simulated Profits (9.23%). Updated daily EoD!
1 Year Target Price $78.83
1 Year Target Price $78.83
| 3 | Strong Buy |
| 3 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.26B USD | Price to earnings Ratio 44.28 | 1Y Target Price 78.83 |
Price to earnings Ratio 44.28 | 1Y Target Price 78.83 | ||
Volume (30-day avg) 6 | Beta 1.37 | 52 Weeks Range 17.57 - 81.72 | Updated Date 02/27/2026 |
52 Weeks Range 17.57 - 81.72 | Updated Date 02/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date 2026-02-24 | When - | Estimate 0.41 | Actual 0.08 |
Profitability
Profit Margin 6.46% | Operating Margin (TTM) 8.22% |
Management Effectiveness
Return on Assets (TTM) 3.91% | Return on Equity (TTM) 18.47% |
Valuation
Trailing PE 44.28 | Forward PE 29.41 | Enterprise Value 2046938641 | Price to Sales(TTM) 2.91 |
Enterprise Value 2046938641 | Price to Sales(TTM) 2.91 | ||
Enterprise Value to Revenue 3.12 | Enterprise Value to EBITDA 17.88 | Shares Outstanding 35641031 | Shares Floating 29999868 |
Shares Outstanding 35641031 | Shares Floating 29999868 | ||
Percent Insiders 18.93 | Percent Institutions 83.61 |
Upturn AI SWOT
CECO Environmental Corp.

Company Overview
History and Background
CECO Environmental Corp. (CECE) was founded in 1961. It has evolved through strategic acquisitions and organic growth to become a leading provider of air quality and fluid handling control technologies and services. Key milestones include its expansion into various industrial sectors and the continuous development of innovative environmental solutions.
Core Business Areas
- Industrial and Water: Designs, manufactures, and sells a range of environmental compliance systems and services for industrial applications, including air pollution control, water and wastewater treatment, and other process solutions. This segment serves diverse industries like power generation, chemical manufacturing, and oil and gas.
- Energy and Fuels: Provides solutions for the energy and fuels sector, focusing on emission control for refineries, gas processing plants, and other energy-related facilities. Products include vapor control systems, flare systems, and filtration technologies.
- Filtration and Dust Collection: Offers advanced filtration and dust collection systems designed to capture particulate matter and other airborne contaminants in industrial settings. These systems are crucial for maintaining air quality and worker safety.
Leadership and Structure
CECO Environmental Corp. is led by a senior management team responsible for strategic direction and operational oversight. The company is organized into various business units, each focusing on specific product lines and market segments, fostering specialized expertise and customer service.
Top Products and Market Share
Key Offerings
- Product Name 1: Industrial Air Pollution Control Systems (e.g., scrubbers, baghouses). These systems are critical for regulatory compliance in industries like power generation and manufacturing. Competitors include Pall Corporation, Donaldson Company, and Babcock & Wilcox.
- Product Name 2: Vapor Control and Recovery Systems. These are essential for the oil and gas industry to manage volatile organic compounds (VOCs). Key competitors include Patriot Industrial Equipment and various specialized engineering firms.
- Product Name 3: Water and Wastewater Treatment Solutions. These systems address industrial water purification and wastewater management needs. Competitors include Evoqua Water Technologies and Veolia Water Technologies.
Market Dynamics
Industry Overview
The environmental technology and services industry is driven by increasing global regulatory scrutiny on air and water quality, coupled with a growing emphasis on sustainability and corporate social responsibility. The demand for advanced emission control and resource management solutions is on the rise across industrial sectors.
Positioning
CECO Environmental Corp. is positioned as a provider of comprehensive environmental solutions, leveraging its diverse product portfolio and service capabilities to address complex compliance challenges for its clients. Its strength lies in its integrated approach and ability to serve a wide array of industrial end-markets.
Total Addressable Market (TAM)
The global market for industrial air and water pollution control is substantial and growing, estimated in the tens of billions of dollars annually. CECO Environmental Corp. is a significant player within specific niches of this market, focusing on areas where its technological expertise and established customer relationships provide a competitive edge. The company aims to capture a larger share through organic growth and strategic acquisitions.
Upturn SWOT Analysis
Strengths
- Diverse product and service portfolio addressing critical environmental needs.
- Strong position in regulated industries with recurring service revenue opportunities.
- Proven track record of successful acquisitions to expand capabilities and market reach.
- Established customer relationships across various industrial sectors.
Weaknesses
- Reliance on capital expenditures from customers, which can fluctuate with economic cycles.
- Potential integration challenges with acquired companies.
- Competition from larger, more diversified conglomerates in certain segments.
Opportunities
- Increasing global demand for environmental compliance and sustainability solutions.
- Expansion into emerging markets with growing industrial bases and environmental regulations.
- Development and adoption of new, more efficient, and sustainable technologies.
- Further consolidation within the fragmented environmental solutions industry.
Threats
- Changes in environmental regulations that could impact demand for specific technologies.
- Economic downturns leading to reduced industrial activity and capital spending.
- Intensified competition and pricing pressures.
- Supply chain disruptions and raw material cost volatility.
Competitors and Market Share
Key Competitors
- Pall Corporation (PLL)
- Donaldson Company, Inc. (DCI)
- Babcock & Wilcox Enterprises, Inc. (BW)
- Evoqua Water Technologies Corp. (AQUA)
- Veolia Environnement S.A. (VEOEF)
Competitive Landscape
CECO Environmental Corp. competes on the basis of its specialized product offerings, integrated solutions, and customer service. Its advantage lies in its ability to cater to specific industrial needs, often through bespoke engineering. However, it faces competition from larger, more diversified players with broader portfolios and potentially greater financial resources. Pricing, technological innovation, and regulatory expertise are key competitive factors.
Major Acquisitions
Hamon Research-Cotto LLC
- Year: 2014
- Acquisition Price (USD millions):
- Strategic Rationale: To expand its presence in heat transfer and air pollution control for power generation and industrial sectors.
John Zink Holdings, LLC
- Year: 2015
- Acquisition Price (USD millions):
- Strategic Rationale: To strengthen its offerings in flare systems, vapor control, and emission control technologies for the oil and gas industry.
Consolidated Fabricators, Inc.
- Year: 2016
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance its capabilities in custom fabrication for environmental control systems.
Growth Trajectory and Initiatives
Historical Growth: CECO Environmental Corp. has demonstrated growth through a combination of strategic acquisitions, which have significantly expanded its market presence and capabilities, and organic growth in its core business segments. Investments in research and development have also contributed to its evolving product offerings.
Future Projections: Future growth is anticipated to be driven by continued demand for environmental solutions, potential new regulatory drivers, and ongoing integration of its acquired businesses. Analyst estimates typically project moderate to strong growth, contingent on market conditions and the company's execution of its growth strategy.
Recent Initiatives: Recent initiatives likely include further strategic acquisitions to enhance its technology offerings or market access, optimization of its operational structure post-acquisition, and focus on developing and marketing its advanced environmental control technologies.
Summary
CECO Environmental Corp. is a well-established player in the environmental solutions market, benefiting from robust demand for its air and water control technologies. Its strategic acquisition history has expanded its reach and capabilities. The company's strengths lie in its diverse offerings and industry expertise, though it faces challenges from economic cycles and competition. Continued focus on innovation and market expansion will be key to its sustained growth and market position.
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Sources and Disclaimers
Data Sources:
- Company investor relations website
- Financial news and data providers (e.g., Bloomberg, Refinitiv)
- Industry research reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Financial data and market share figures are estimates and subject to change. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About CECO Environmental Corp.
Exchange NASDAQ | Headquaters Addison, TX, United States | ||
IPO Launch date 1992-09-29 | CEO & Director Mr. Todd R. Gleason | ||
Sector Industrials | Industry Pollution & Treatment Controls | Full time employees 1600 | Website https://www.cecoenviro.com |
Full time employees 1600 | Website https://www.cecoenviro.com | ||
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. 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 industrial engineered noise control solutions, including custom acoustical gen-set packages, ambient air baffles, acoustical louvres, and skid enclosures; process filtration solutions for hydrocarbon and chemical processing; and energy and water conservation systems and equipment. It markets its products and services to natural gas processors, transmission and distribution companies, refineries, power generators, industrial manufacturing, engineering and construction companies, semiconductor manufacturers, compressor manufacturers, beverage can manufacturers, metals and minerals, and electric vehicle producers. CECO Environmental Corp. was founded in 1869 and is headquartered in Addison, Texas.

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