CECO Environmental Corp (CECO) saw its stock soar 10.68% in pre-market trading on Tuesday, following the company's better-than-expected earnings report for the fourth quarter of 2024.
The air pollution control systems provider posted adjusted earnings per share of $0.27 for Q4, beating the consensus estimate of $0.26 among analysts. While revenue of $158.566 million slightly missed expectations of $159.755 million, investors were encouraged by CECO's bullish guidance for 2025.
For the full year 2025, CECO expects revenue in the range of $700 million to $750 million, reflecting strong anticipated growth. This positive outlook appears to have renewed investor confidence in the company's prospects, driving the double-digit stock surge despite the revenue miss in Q4.
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