Ceco Environmental Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - Ceco Environmental Corp. (CECO) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $9.51 million, or $0.26 per share. This compares with $4.49 million, or $0.12 per share, last year.

Excluding items, Ceco Environmental Corp. reported adjusted earnings of $8.70 million or $0.24 per share for the period.

Analysts on average had expected the company to earn $0.18 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 34.8% to $185.39 million from $137.52 million last year.

Ceco Environmental Corp. earnings at a glance (GAAP) :

-Earnings: $9.51 Mln. vs. $4.49 Mln. last year. -EPS: $0.26 vs. $0.12 last year. -Revenue: $185.39 Mln vs. $137.52 Mln last year.

For the FY25, the Company has raised its revenue outlook to $725 to $775 million from $700 to $750 million.