Q1 2025 CECO Environmental Corp Earnings Call Transcript
Key Points
- CECO Environmental Corp (CECO) achieved record bookings of approximately $228 million in Q1 2025, marking a 57% increase year over year.
- The company's sales pipeline has grown to over $5 billion, indicating strong future potential orders.
- CECO Environmental Corp (CECO) maintained its full-year 2025 guidance, reflecting confidence in its business outlook.
- The company reported a record backlog of $602 million, up 55% year over year, setting a strong foundation for future growth.
- Recent acquisitions, including Profire Energy, have contributed significantly to revenue growth and integration synergies are being realized.
- Adjusted EBITDA margins were slightly below expectations due to higher selling, engineering, and project execution expenses.
- The company faces potential tariff-related inflation and costs, with estimated gross tariff exposure between $3 million to $10 million.
- CECO Environmental Corp (CECO) experienced higher interest expenses and a higher share count, impacting adjusted EPS.
- There is uncertainty around the impact of tariffs and inflation on future supply chain costs and overall economic conditions.
- The company is in the process of integrating recent acquisitions, which may pose challenges in the short term.
Good day and thank you for standing by. Welcome to the CECO Environmental first quarter 2025 earnings call. (Operator Instructions). I would now like to hand the conference over to Steven Hooser Investor relations. Please go ahead.
Thank you, Liz, and thank you everyone for joining us for the CECO Environmental first quarter 2025 earnings call. On the call with me today is Todd Gleason, Chief Executive Officer, and Peter Johansson, Chief Financial and strategy Officer.
Before we begin, I'd like to note that we have provided a slide presentation to help guide our discussion. This call will be webcast along with that earnings presentation, which is on our website at cecoenviro.com. The presentation materials can be accessed through the investor relations section of our website.
I'd also like to caution investors regarding forward-looking statements. Any statements made in today's presentation that are not based on historical fact are forward-looking statements. Such statements are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
