Ceco Environmental Corp. Q4 Profit Increases, Beats Estimates

(RTTNews) - Ceco Environmental Corp. (CECO) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $4.878 million, or $0.13 per share. This compares with $3.879 million, or $0.11 per share, last year.

Excluding items, Ceco Environmental Corp. reported adjusted earnings of $9.9 million or $0.27 per share for the period.

Analysts on average had expected the company to earn $0.23 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 3.2% to $158.566 million from $153.711 million last year.

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

-Earnings: $4.878 Mln. vs. $3.879 Mln. last year. -EPS: $0.13 vs. $0.11 last year. -Revenue: $158.566 Mln vs. $153.711 Mln last year.