Ceco environmental reports fourth quarter and full year 2024 results

Record bookings in the quarter of $219m elevated year-end backlog to a record $541mreaffirms 2025 full year outlook addison, texas, feb. 25, 2025 (globe newswire) -- ceco environmental corp. (nasdaq: ceco) (“ceco”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the fourth quarter and full year of 2024. highlights for the quarter (1) orders of $218.9 million, up 71 percent backlog of $540.9 million, up 46 percent revenue of $158.6 million, up 3 percent gross profit of $56.7 million, up 7 percent; gross margin of 35.8 percent, up 120 basis points net income of $4.9 million, up 26 percent; non-gaap net income of $9.9 million, down 2 percent gaap eps (diluted) of $0.13, up 18 percent; non-gaap eps (diluted) of $0.27, down 4 percent adjusted ebitda of $19.0 million, down 2 percent free cash flow of ($4.4) million, down $16.6 million highlights for the year (1) orders of $667.3 million, up 14 percent revenue of $557.9 million, up 2 percent gross profit of $196.1 million, up 15 percent; gross margin of 35.2 percent, up 380 basis points net income of $13.0 million, up 1 percent; non-gaap net income of $26.7 million gaap eps (diluted) of $0.36, down 3 percent; non-gaap eps (diluted) of $0.73, down 2 percent adjusted ebitda of $62.8 million, up 9 percent free cash flow of $7.4 million, down 80 percent completed three acquisitions (envirocare international, wk group and verantis environmental solutions group), advancing our industrial air market leadership (1) a ll comparisons are versus the comparable prior year period, unless otherwise stated.
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