CECO Environmental Corporation, a leading industrial company focused on environmental solutions, announced its financial results for the second quarter of 2025. The company reported a significant increase in orders, reaching $274.1 million, a 95 percent rise compared to the same period last year. The backlog also saw a substantial increase, growing by 76 percent to $688.1 million. Revenue for the second quarter was reported at $185.4 million, marking a 35 percent year-over-year increase. The gross profit margin was 36.2 percent, with gross profit standing at $67.1 million, up 37 percent from the prior year period. CECO Environmental's net income for the quarter was $9.5 million, with a non-GAAP net income of $8.7 million. The company reported a GAAP EPS (diluted) of $0.26 and a non-GAAP EPS (diluted) of $0.24. Adjusted EBITDA increased by 45 percent to $23.3 million, though free cash flow was negative $3.0 million, a decrease of $5.6 million compared to the previous year. The company raised its full-year revenue outlook, highlighting its successful booking of the largest-ever order for emissions management solutions in a large power generation project. CECO Environmental continues to expand its footprint in key markets and new geographies, capitalizing on growth opportunities in the industrial air, industrial water, and energy transition sectors.
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