Adjusted earnings were 60 cents a share, up from 26 cents a year earlier and ahead of the 59 cents analysts polled by FactSet had expected. Revenue more than doubled, rising 105% to $404.4 million, compared with the $399.6 million forecast by analysts.
In section Market Quotes
Ceco Environmental Jumps 21% After Earnings Beat and 2027 Outlook
Ceco Environmental shares climbed 21% to $53.00 after the Addison, Texas-based industrial company reported third-quarter earnings and revenue above analysts’ estimates and raised its order outlook, while issuing 2027 forecasts that topped Wall Street expectations.
Ceco said it now expects full-year orders to exceed $2.5 billion, up from its previous forecast of at least $2 billion. For 2027, the company projects revenue of $2.1 billion to $2.3 billion and adjusted earnings before interest, taxes, depreciation and amortization of $475 million to $525 million. Analysts had expected revenue of $1.84 billion and adjusted earnings before interest, taxes, depreciation and amortization of $335 million.
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