$CECO

ABM (NYSE:ABM) is up 5.7% since reporting, trading at $49.76. CECO Environmental (NASDAQ:CECO) reported 53.7% revenue growth, beating estimates, but its stock is down 2%. Driven Brands (NASDAQ:DRVN) reported mixed results, with stock down 16.4%. Pitney Bowes (NYSE:PBI) beat revenue expectations but stock fell 4.6%. Tetra Tech (NASDAQ:TTEK) beat estimates, stock up 5.6%. Market risks have shifted from AI to geopolitics.

CECO Environmental Corp. reported a 35.2% year-over-year revenue increase in its Engineered Systems segment for Q2 2026, driven by power generation and natural gas projects. Orders surged 200% to $672.1 million, with strong demand for energy and power technologies. The company raised its 2026 revenue guidance to $1.300-$1.375 billion and adjusted EBITDA to $200-$225 million. Shares have risen 23.8% in six months, trading at a forward P/E of 23.00X.

CECO Environmental (CECO) completed its $2.2B acquisition of Thermon, raising 2026 guidance. Revenue projected at $1.3B-$1.375B, up from prior $1.275B-$1.375B. Adjusted EBITDA expected at $200M-$225M, up from $195M-$225M. Integration progress exceeds targets, but bears cite risks like debt and execution challenges.

Vestis (NYSE:VSTS) reported $661.7M Q2 revenue, down 1.8% YoY, missing estimates by 1.2% but beating EPS. CECO Environmental (NASDAQ:CECO) grew 53.7% YoY, beating estimates. Driven Brands (NASDAQ:DRVN) rose 6.8% YoY, in line with estimates. Cintas (NASDAQ:CTAS) grew 8.9% YoY, beating estimates. Tetra Tech (NASDAQ:TTEK) fell 3.9% YoY, beating estimates. Sector revenues beat consensus by 1.1%, with shares up 1.8% on average post-earnings.

CECO Environmental Corp. reported Q2 2026 record orders of $799M, a $1.82B backlog, and revenue of $285M, up 54% YoY. Adjusted EBITDA rose 73% to $40.2M. The company raised full-year guidance, targeting $1.3B-$1.375B in revenue and $200M-$225M in EBITDA. Management highlighted strong cash generation and early Thermon integration synergies, offset by higher leverage and acquisition costs.

CECO Environmental Corp. reported Q2 2026 earnings with revenue of $285.0 million, up 54% YoY, driven by the Thermon acquisition and strong demand in power generation and semiconductor markets. Orders surged 191% YoY to $798.5 million, backlog grew 164% to $1.82 billion, and adjusted EBITDA increased 73% to $40.2 million. The company raised its 2026 revenue and EBITDA guidance, citing strong order momentum and successful Thermon integration. Management noted risks related to Middle East conflict

Driven Brands (NASDAQ:DRVN) reported Q2 revenue of $507.4M, up 6.8% YoY, meeting expectations but missing full-year EPS guidance. Vestis (NYSE:VSTS) reported $661.7M revenue, down 1.8% YoY, missing estimates but beating EPS. Pitney Bowes (NYSE:PBI) reported $451.5M revenue, down 2.3% YoY, beating estimates and meeting full-year guidance. All three stocks declined post-earnings.

CECO Environmental reported Q2 revenue of $285 million (vs $278.9M est.), adjusted EPS of $0.47 (vs $0.33), and adjusted EBITDA of $40.2M (vs $38.72M). Management said backlog rose for 12 straight quarters and Thermon’s first month contributed. Full-year revenue guidance was raised to $1.34B midpoint from $970M; EBITDA guidance to $212.5M. Analysts asked about order momentum, margins, SG&A, and execution.

CECO Environmental shares rose about 5% after the company extended its post-earnings move following Q2 2026 results. CECO reported revenue of $285.0M (+54% YoY) and orders of $798.5M (+191%), lifting backlog above $1.8B. GAAP net loss was $34.8M, while adjusted EPS was $0.47 vs $0.26 consensus, and full-year guidance was raised after the Thermon Group acquisition.

T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G/A for CECO Environmental Corp, reporting beneficial ownership of 2,153,953 shares of CECO common stock, or 3.7% of the outstanding class. The firm reported sole voting power over 2,147,618 shares and sole dispositive power over 2,153,953 shares, and stated it is a 5% or less holder.