CECO Environmental Corp. (CECO) saw its stock surge 10.38% in pre-market trading on Tuesday after the company reported better-than-expected fourth quarter earnings for 2024. The company, which provides air pollution control systems, posted adjusted earnings per share of $0.27 for Q4, beating the consensus estimate of $0.26.
While CECO's revenue of $158.566 million slightly missed analysts' expectations of $159.755 million, investors appeared to focus on the earnings beat and bullish 2025 revenue guidance. For the full year 2025, CECO expects revenue in the range of $700 million to $750 million, reflecting strong anticipated growth.
The pre-market surge represents a sharp reversal from the past year, with CECO shares having fallen 25% since the start of 2024. The company's Q4 results and forward guidance appear to have renewed investor confidence in its growth prospects.
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