Ceco environmental reports third quarter and year-to-date 2021 results

Dallas, nov. 8, 2021 /prnewswire/ -- ceco environmental corp. (nasdaq: cece), a leading global air quality and fluid handling company serving the energy, industrial and other niche markets, today reported its financial results for the third quarter of 2021. highlights of the third quarter 2021* revenue of $80.0 million, compared with $77.4 million gross profit of $22.7 million (28.4% margin), compared with $24.8 million (32.0% margin) operating loss of $(0.6) million, compared with operating income of $1.0 million non-gaap operating income of $1.8 million, compared with $5.9 million  net loss of $(1.2) million, compared with $(0.2) million non-gaap net income of $0.5 million, compared with $3.8 million adjusted ebitda of $3.5 million, compared with $7.3 million bookings of $92.6 million, compared with $66.8 million backlog of $219.1 million, compared with $183.1 million as of december 31, 2020 net loss per diluted share of $(0.04), compared with $(0.01) non-gaap earnings per diluted share of $0.01, compared with $0.11 bank debt of $67.0 million, compared with $74.0 million as of december 31, 2020 repurchased approximately 521,000 shares of common stock at cost of $3.7 million *all comparisons are versus the comparable prior year period, unless otherwise stated "third quarter and year-to-date results reflect the 'tale of two cecos', so to speak," said todd gleason, chief executive officer.
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