Ceco environmental reports first quarter 2023 results

Strong orders establish record backlog, supports sustained revenue growth company raises full year 2023 outlook dallas , may 9, 2023  /prnewswire/ -- 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 first quarter of 2023. highlights for the quarter (1) orders of $146.1 million, compared with $160.9 million; record backlog of $356.1 million, up 26 percent; record first quarter revenue of $112.6 million, up 22 percent; net income of $2.0 million, compared with $2.8 million; non-gaap net income of $3.6 million, compared to $5.0 million gaap eps (diluted) of $0.06, compared with $0.08; non-gaap eps (diluted) of $0.10, compared to $0.14 adjusted ebitda of $9.7 million, compared with $9.5 million (1) all comparisons are versus the comparable prior year period, unless otherwise stated.
CECO Ratings Summary
CECO Quant Ranking