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CECO Environmental (CECO) investor relations material
CECO Environmental 17th Annual Southwest IDEAS Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.17th Annual Southwest IDEAS Conference summary20 Nov, 2025
Strategic vision and value creation
Focused on long-term value for customers, employees, and shareholders, with a 2030 vision and a building block operating model.
Emphasizes niche leadership in industrial markets, with 45–50% of sales/orders outside the U.S. and significant global expansion, especially in India and Southeast Asia.
Maintains a healthy balance sheet, prioritizing accretive acquisitions, organic growth, and disciplined capital allocation including debt management and stock buybacks.
Operating model inspired by successful industrial peers, focusing on decentralized management and sustainable value creation, with management alignment through strategy and compensation.
Focused on providing mission-critical environmental solutions for industrial clients, emphasizing safety, environmental protection, and process optimization.
Market positioning and growth drivers
100% of products address environmental challenges, focusing on people safety, equipment protection, and environmental stewardship.
Strong presence in power, natural gas, global industrial, water, and semiconductor markets, with increasing activity in nuclear and geothermal sectors.
Industrial water segment has grown rapidly, with expectations to reach $100M in sales and further expansion anticipated.
Book-to-bill ratio consistently above 1.0, with TTM ratio at 1.33x, supporting double-digit sales growth and robust revenue outlook.
Acquisitions have contributed to growth, with ~50% doubling sales within 24 months.
Financial performance and outlook
Revenue projected at $725M–$775M for next year, up from $560M in 2024, with adjusted EBITDA between $90M–$100M; 2026 outlook projects $850–950M revenue and $110–130M adjusted EBITDA.
Free cash flow guidance targets 50%–60% of adjusted EBITDA, with recent quarters showing strong cash generation; YTD 2025 free cash flow was $0.9M.
Stock price increased ~860% since 2021, market cap reached $1.9B and EV $2.2B by 2025.
Largest acquisition, Profire, was $125M, immediately accretive, and expanded the short-cycle, high-margin product portfolio.
Annual guidance preferred over quarterly due to strong project visibility and long-cycle contracts.
Quantify the estimated net tariff impact for 2025
Detail CECO's strategy for securing mega-jobs
What ROIC target guides CECO's M&A strategy?
Industrial water: key drivers for future growth?
When would CECO consider using stock for M&A?
Pipeline as an economic indicator: how reliable?
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Next CECO Environmental earnings date
Q4 202524 Feb, 2026
Next CECO Environmental earnings date
Q4 202524 Feb, 2026
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Frequently asked questions
CECO Environmental Corp. is a provider of environmental solutions specializing in air quality and fluid handling systems. The company designs and manufactures equipment and services for industries requiring pollution control, industrial ventilation, and wastewater treatment. CECO Environmental serves sectors such as energy, manufacturing, and construction, helping organizations meet environmental compliance and sustainability goals. The company is headquartered in Dallas, Texas, and its shares are listed on the NASDAQ.
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