Ceco environmental reports first quarter 2021 results

Dallas, may 6, 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 first quarter of 2021. highlights of the first quarter 2021* revenue of $71.9 million, compared with $80.5 million gross profit of $24.4 million (33.9% margin), compared with 28.3 million (35.2% margin) operating income of $3.1 million, compared with $4.2 million non-gaap operating income of $5.0 million, compared with $6.3 million net income was $1.2 million, compared with $3.4 million non-gaap net income of $3.1 million, compared with $5.3 million adjusted ebitda of $6.4 million, compared with $7.4 million earnings per diluted share was $0.03, compared with $0.10 non-gaap earnings per diluted share of $0.09, compared with $0.15 bookings of $92.1 million, compared with $75.7 million backlog of $203.1 million, compared with $183.1 million as of december 31, 2020 cash provided by operating activities of $9.9 million, compared with $7.0 million cash and cash equivalents were $40.9 million, compared with $36.0 million as of december 31, 2020 bank debt of $70.6 million, compared with $74.0 million as of december 31, 2020 *all comparisons are versus the comparable prior-year period, unless otherwise stated todd gleason, ceco's chief executive officer, commented, "we are off to a great start and i am very pleased with our first quarter performance.
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