NASDAQ$CECO
CECO Environmental Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
CECO Environmental reported strong orders, revenue, and income growth.
CECO Environmental Corp. reported a strong third quarter in 2022, with a 36% increase in revenue to $108.4 million and a significant rise in net income to $1.9 million. The company also increased its full-year financial outlook for 2022 and introduced its full-year 2023 financial outlook.
- Orders increased by 10% to $101.7 million.
- Backlog increased by 27% to $277.7 million.
- Revenue increased by 36% to $108.4 million.
- Net income increased to $1.9 million, up $3.1 million.
Headline financials
Revenue & EPS history
CECO · Revenue · Quarterly
$108M
Forward guidance
The Company updated its expected full year 2022 guidance to reflect revenue to exceed $410 million, up over 25 percent year over year and its expected full year 2022 adjusted EBITDA to exceed $39 million, up more than 50 percent year over year. The Company introduces its expected full year 2023 guidance of $450 to $475 million in revenue, up approximately 13 percent at the midpoint year over year and its expected full year adjusted EBITDA of between $45 and $48 million, up approximately 19 percent at the midpoint year over year.
Tailwinds
- Double digit top-line and bottom-line growth
- Ongoing investments in growth
- Ongoing investments in operational excellence programs
- Programmatic M&A
- Sustainable results and shareholder value
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.5%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
44%
27 / 61 earnings
Positive
+27.1%
Q2 2015
Best reaction
-18.1%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -18.1% | -22.2% | -21.4% | |
| Q3 2025 | -9.2% | -8.4% | -2.7% | |
| Q1 2025 | +16.4% | +35.0% | +42.4% | |
| Q4 2024 | +8.2% | +9.8% | +8.4% | |
| Q3 2024 | -6.5% | -10.8% | +21.2% | |
| Q2 2024 | -2.7% | -7.9% | -5.6% | |
| Q1 2024 | -13.4% | -11.6% | -2.0% | |
| Q4 2023 | -12.0% | -3.6% | +1.7% | |
| Q3 2023 | +5.0% | +17.6% | +18.1% | |
| Q2 2023 | +17.1% | +16.6% | +18.0% | |
| Q1 2023 | +0.2% | -4.2% | +7.8% | |
| Q4 2022 | -3.8% | -5.3% | -18.5% | |
| Q2 2022 | -3.8% | -5.3% | -18.5% | |
| Q3 2022 | +1.3% | +2.9% | +1.3% | |
| Q1 2022 | -1.1% | -5.1% | -13.9% | |
| Q4 2021 | -1.1% | +12.2% | -9.4% | |
| Q3 2021 | -8.1% | -10.8% | -16.5% | |
| Q2 2021 | -2.7% | +0.1% | +9.5% | |
| Q1 2021 | +0.6% | +0.9% | -10.0% | |
| Q4 2020 | -0.2% | +14.1% | -0.2% | |
| Q3 2020 | -7.5% | -4.3% | +11.2% | |
| Q2 2020 | +10.9% | +24.2% | +19.5% | |
| Q1 2020 | -1.5% | -1.7% | +17.3% | |
| Q4 2019 | +4.7% | -6.1% | -29.3% | |
| Q3 2019 | +5.8% | +11.2% | +10.9% | |
| Q2 2019 | -0.6% | -10.7% | -19.5% | |
| Q1 2019 | +0.2% | +5.6% | +7.8% | |
| Q4 2018 | -0.6% | +4.4% | +1.5% | |
| Q3 2018 | -1.2% | -3.2% | -0.4% | |
| Q2 2018 | -0.6% | +25.6% | +21.9% | |
| Q1 2018 | -1.9% | +5.6% | +5.6% | |
| Q4 2017 | +1.0% | +23.1% | +12.9% | |
| Q3 2017 | -3.4% | -34.3% | -45.5% | |
| Q2 2017 | +2.3% | -26.1% | -21.4% | |
| Q4 2016 | +0.6% | -4.4% | -3.3% | |
| Q3 2016 | +20.3% | +12.1% | +52.4% | |
| Q2 2016 | -5.5% | +11.2% | +18.4% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | +1.1% | — | — | |
| Q3 2015 | -0.5% | — | — | |
| Q2 2015 | +27.1% | — | — | |
| Q1 2015 | -5.0% | — | — | |
| Q4 2014 | +0.2% | — | — | |
| Q3 2014 | -7.3% | — | — | |
| Q2 2014 | -1.1% | — | — | |
| Q1 2014 | +6.6% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | +1.9% | — | — | |
| Q2 2013 | -10.5% | — | — | |
| Q1 2013 | -3.4% | — | — | |
| Q4 2012 | +4.2% | — | — | |
| Q3 2012 | -18.0% | — | — | |
| Q2 2012 | -5.2% | — | — | |
| Q1 2011 | -8.1% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | -4.1% | — | — | |
| Q3 2010 | -4.1% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q2 2011 | +0.9% | — | — | |
| Q2 2010 | +0.9% | — | — |
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