CECO Environmental Boosts FY23 Revenue Outlook As Q2 Revenue Tops Estimates

RTTNews | 628 days ago
Stocktwits
CECO Environmental Boosts FY23 Revenue Outlook As Q2 Revenue Tops Estimates

(RTTNews) - CECO Environmental Corp. (CECO) reported Tuesday the net income attributable to CECO for the second quarter declined to $3.72 million or $0.11 per share from $4.39 million or $0.13 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.15 per share, compared to $0.18 per share in the year-ago quarter.

Revenues for the quarter increased 23 percent to $129.18 million from $105.38 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share on revenues of $117.77 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects revenues between $500 million and $525 million, up from the prior forecast for revenues greater than $485 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: CECO
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CECO Environmental Expects Q4 Orders To Exceed $145 Mln

CECO Environmental Expects Q4 Orders To Exceed $145 Mln

CECO Environmental Corp. (CECO) announced Tuesday it expects orders for the fourth quarter of 2022 to exceed $145 million, an increase of at least $55 million, or 60 percent, over the prior-year quarter and $43 million, or 42 percent, on a sequential basis, providing CECO with year-end backlog at or near record levels.
RTTNews | 838 days ago
KOSPI May Extend Friday's Gains

KOSPI May Extend Friday's Gains

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had climbed more than 40 points or 1.6 percent. The KOSPI now sits just beneath the 2,550-point plateau and it may tick higher again on Monday.
RTTNews | 8 minutes ago
Hong Kong Export Data Due On Monday

Hong Kong Export Data Due On Monday

Hong Kong will on Monday see March figures for imports and exports, highlighting a very light day for Asia-Pacific economic activity.
RTTNews | 1h 8min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Swiss market closed modestly higher on Friday after moving in a tight bandwith investors digesting earnings updates and continuing to track the developments on the tariff front.
RTTNews | 2 days ago
European Stocks Close Higher

European Stocks Close Higher

Despite lingering uncertainty about U.S. government's trade policy, European stocks closed higher on Friday, with German and French markets gaining for a fourth straight session, and the U.K. moving up for the tenth consecutive session, as investors focused on earnings.
RTTNews | 2 days ago
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