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CECO Environmental reports Q1 2026 orders up 97%, backlog surpasses $1B, raises full-year guidance.

Company Fundamentals
28 Apr 2026
GlobeNewsWire
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Bullish
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CECO Environmental Corp. reported strong Q1 2026 results with orders rising 97% to $449.5 million and backlog reaching over $1 billion for the first time. Revenue increased 17% to $205.9 million, while adjusted EBITDA grew 46% to $20.4 million. The company booked its largest natural gas power order ever in April and raised its full-year 2026 revenue guidance to $940 million-$1 billion, with adjusted EBITDA expected between $120 million and $140 million. CECO also provided an update on its pending merger with Thermon Group, expecting the deal to close in June 2026.

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