CECO Environmental posts record Q3 results, raises full‑year outlook and sees shares jump 33%
CECO Environmental Corp. reported third‑quarter 2026 non‑GAAP earnings of $0.60 per share on revenue of $404.4 million, while GAAP results showed a net loss of $2.01 million. Adjusted EBITDA rose to $70.1 million and backlog grew to $2.19 billion. The company lifted its fiscal‑2026 revenue guidance to $1.30‑$1.38 billion and introduced a 2027 outlook, prompting the stock to surge about 33% in pre‑market trading.
Why it matters
The results and upgraded guidance drove CECO shares up 33% and led analysts to raise their price targets, reflecting renewed confidence in the Thermon acquisition’s growth impact (source 6). The higher revenue and EBITDA outlook may attract additional investor interest and support a stronger valuation.
Key facts
- 1Non‑GAAP earnings were $0.60 per share in Q3 2026. seekingalpha.com
- 2Revenue was $404.4 million in the quarter. seekingalpha.com
- 3GAAP net loss was $2.01 million. rttnews.com
- 4Adjusted EBITDA was $70.1 million. seekingalpha.com
- 5Full‑year 2026 revenue guidance was set to $1.30 billion‑$1.38 billion. rttnews.com
- 6Backlog stood at $2.19 billion at quarter end. ibtimes.com.au
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.