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CECO Environmental Corp. (CECO)



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Upturn Advisory Summary
08/14/2025: CECO (3-star) is a STRONG-BUY. BUY since 69 days. Profits (75.65%). Updated daily EoD!
1 Year Target Price $50.17
1 Year Target Price $50.17
3 | Strong Buy |
3 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 112.94% | Avg. Invested days 54 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.58B USD | Price to earnings Ratio 31.22 | 1Y Target Price 50.17 |
Price to earnings Ratio 31.22 | 1Y Target Price 50.17 | ||
Volume (30-day avg) 6 | Beta 1.39 | 52 Weeks Range 17.57 - 47.40 | Updated Date 08/15/2025 |
52 Weeks Range 17.57 - 47.40 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date 2025-07-28 | When Before Market | Estimate 0.1917 | Actual 0.24 |
Profitability
Profit Margin 8% | Operating Margin (TTM) 9.76% |
Management Effectiveness
Return on Assets (TTM) 3.95% | Return on Equity (TTM) 19.87% |
Valuation
Trailing PE 31.22 | Forward PE 39.06 | Enterprise Value 1805294334 | Price to Sales(TTM) 2.4 |
Enterprise Value 1805294334 | Price to Sales(TTM) 2.4 | ||
Enterprise Value to Revenue 2.75 | Enterprise Value to EBITDA 15.77 | Shares Outstanding 35328100 | Shares Floating 30061046 |
Shares Outstanding 35328100 | Shares Floating 30061046 | ||
Percent Insiders 18.33 | Percent Institutions 86.72 |
Upturn AI SWOT
CECO Environmental Corp.
Company Overview
History and Background
CECO Environmental Corp. was founded in 1966. It has grown through acquisitions and organic expansion, focusing on air quality and industrial process solutions.
Core Business Areas
- Energy Solutions: Provides solutions for the power generation, oil & gas, and industrial sectors, focusing on emissions control, process improvement, and energy optimization.
- Industrial Solutions: Offers a range of technologies for industrial air pollution control, including scrubbers, cyclones, and filters, used across various industries.
- Filtration Solutions: Offers filter products for air and liquid treatment, serving pharmaceutical, chemical, industrial wastewater, and energy markets.
Leadership and Structure
The leadership team includes Todd Gleason (CEO) and Peter Johansson (CFO). The organizational structure is based on business segments and functional departments.
Top Products and Market Share
Key Offerings
- Cyclone Separators: Cyclone separators remove particulate matter from industrial processes. CECO holds a significant portion of the market, competing with companies such as Donaldson (DCI) and Clarcor (not a public company now). Market share estimates vary.
- Wet Scrubbers: Wet scrubbers control air pollution by removing pollutants using liquid. Key competitors include Beltran Technologies and Tri-Mer Corporation. CECO's revenue in wet scrubbers is estimated to be around $50M annually, based on segment reporting.
- Industrial Filters: Filter products for air and liquid treatment. Competitors include Parker-Hannifin (PH) and Pall Corporation (acquired by Danaher (DHR)). CECOu2019s share in this segment is smaller compared to the others
Market Dynamics
Industry Overview
The environmental solutions industry is driven by increasing environmental regulations, growing industrial activity, and rising awareness of air and water pollution.
Positioning
CECO Environmental Corp. is positioned as a provider of comprehensive air quality and industrial process solutions, with a focus on technology and service. Competitive advantages include its broad product portfolio and global presence.
Total Addressable Market (TAM)
The total addressable market is estimated to be in the billions of dollars. CECO is well-positioned to capture a larger share due to its diverse product offerings and expanding global footprint, but faces strong competition.
Upturn SWOT Analysis
Strengths
- Diverse product portfolio
- Global presence
- Strong brand recognition
- Experienced management team
- History of acquisitions to expand capabilities
Weaknesses
- Reliance on cyclical industries
- Integration risks from acquisitions
- High debt levels
- Dependence on regulatory standards for growth
Opportunities
- Increasing environmental regulations
- Expansion into emerging markets
- Technological innovation
- Growing demand for clean air and water solutions
Threats
- Economic downturns
- Intense competition
- Technological obsolescence
- Changes in environmental regulations
- Raw material price volatility
Competitors and Market Share
Key Competitors
- Donaldson Co. (DCI)
- KLX Energy Services (KLXE)
- Fuel Tech (FTEK)
Competitive Landscape
CECO has a broad product portfolio but faces strong competition from larger, more specialized players. CECO needs to maintain its focus on innovation and strategic acquisitions to sustain its competitive edge.
Major Acquisitions
Peerless Mfg. Co.
- Year: 2019
- Acquisition Price (USD millions): 134.8
- Strategic Rationale: Expand product offerings in separation and filtration technologies within the energy and industrial segments.
Ecodesign
- Year: 2015
- Acquisition Price (USD millions): 134.5
- Strategic Rationale: Expand product offerings in air pollution control technologies, with a focus on large power plants.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by acquisitions and organic expansion in key markets.
Future Projections: Analysts predict continued growth, driven by increasing environmental regulations and market demand. (Specific Numerical data needs to be populated from real-time financial sources)
Recent Initiatives: Recent initiatives include acquisitions to expand product offerings and geographical presence.
Summary
CECO Environmental is a mixed bag. They have a diverse portfolio and acquisitions have helped grow the company. However, high debt and fluctuating markets can be a challenge. Focus on innovation, strategic acquisitions, and debt reduction will be critical to future success. Economic downturns and regulatory changes are also risks to watch.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, financial news sources, analyst reports, industry publications.
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change.
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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