CECO: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 07:09 AM ET
Last Updated - Apr 30, 2024, 07:09 AM EDT
DALLAS (AP) — DALLAS (AP) — CECO Environmental Corp. (CECO) on Tuesday reported first-quarter earnings of $1.5 million.
On a per-share basis, the Dallas-based company said it had net income of 4 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to 11 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 11 cents per share.
The maker of air pollution controls and industrial ventilation systems posted revenue of $126.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $137.5 million.
