Ceco environmental reports fourth quarter and full year 2023 results

Reports q4 and full year earnings with multiple financial records company raises full year 2024 guidance   dallas, march 05, 2024 (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 results of 2023. highlights for the quarter (1) orders of $128.3 million backlog of $370.9 million, up 19 percent revenue of $153.7 million, up 32 percent net income of $3.9 million, down 53 percent; non-gaap net income of $10.1 million, up 36 percent gaap eps (diluted) of $0.11; non-gaap eps (diluted) of $0.28 adjusted ebitda of $19.4 million, up 49 percent free cash flow of $12.2 million, up 36 percent highlights for the year (1) orders of $582.8 million, up 11 percent revenue of $544.8 million, up 29 percent net income of $12.9 million, down 26 percent; non-gaap net income of $26.6 million, up 3 percent gaap eps (diluted) of $0.37; non-gaap eps (diluted) of $0.75 adjusted ebitda of $57.7 million, up 37 percent free cash flow of $36.2 million, up 33 percent (1) all comparisons are versus the comparable prior year period, unless otherwise stated.
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