Ceco environmental reports first quarter 2022 results

Record orders, new share repurchase authorization, and acquisition of compass water dallas , may 10, 2022 /prnewswire/ -- ceco environmental corp. (nasdaq: cece) ("ceco"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the first quarter of 2022. highlights for the quarter and recent corporate developments * record orders of $160.9 million, up 75 percent revenue of $92.4 million, up 29 percent net income of $2.8 million, up 133 percent; non-gaap net income of $5.0 million, up 61 percent adjusted ebitda of $9.5 million, up 48 percent $20 million share repurchase program authorized may 4, 2022 compass water solutions acquired may 3, 2022, adds to industrial water offerings *all comparisons are versus the comparable prior year period, unless otherwise stated;reconciliations of gaap (reported) to non-gaap measures are in the attached financial tables.
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