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Conference/Events
CECO Environmental participates in a conference call hosted by Maxim » 04:55
06/30/20
06/30
04:55
06/30/20
04:55
CECE

CECO Environmental

$6.57 /

+0.1 (+1.55%)

Maxim Analyst Sullivan…

Maxim Analyst Sullivan hosts conference call with CEO Sadlowski and CFO Eckl on June 30.

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CECE CECO Environmental
$6.57 /

+0.1 (+1.55%)

CECE CECO Environmental
$6.57 /

+0.1 (+1.55%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
CECE CECO Environmental
$6.57 /

+0.1 (+1.55%)

Over a week ago
Conference/Events
CECO Environmental participates in a conference call hosted by Maxim » 09:12
06/25/20
06/25
09:12
06/25/20
09:12
CECE

CECO Environmental

$6.15 /

-0.2 (-3.15%)

Maxim Analyst Sullivan…

Maxim Analyst Sullivan hosts conference call with CEO Sadlowski and CFO Eckl on June 30.

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CECE CECO Environmental
$6.15 /

-0.2 (-3.15%)

CECE CECO Environmental
$6.15 /

-0.2 (-3.15%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
CECE CECO Environmental
$6.15 /

-0.2 (-3.15%)

Hot Stocks
CECO acquires Environmental Integrated Solutions, sees revenue boost » 14:03
06/04/20
06/04
14:03
06/04/20
14:03
CECE

CECO Environmental

$5.73 /

+0.23 (+4.18%)

CECO Environmental…

CECO Environmental announced that it has completed the acquisition of Environmental Integrated Solutions Limited . Headquartered in Birmingham UK. EIS engineers products that clean air through a variety of technologies including VOC abatement, odor control, and other air pollution control solutions. This acquisition advances CECO's mission to solve the sustainability challenges that come with the demands of industrial progress. Matt Eckl, CECO Environmental's Chief Financial Officer commented, "The acquisition of EIS gives us immediate access to new markets, adds approximately $16M in annual revenues and provides CECO with incremental market and financial scale. This combination is a win-win as EIS will leverage CECO's supply chain in North America and CECO will gain access to EIS's network of production partners in Europe, further expanding our lucrative asset light business model. From a financial perspective, EIS brings above average EBITDA margins and strong free cash flows. At a purchase price of approximately $12.2M, including a targeted earnout, the transaction is anticipated to deliver attractive value for CECO shareholders."

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CECE CECO Environmental
$5.73 /

+0.23 (+4.18%)

CECE CECO Environmental
$5.73 /

+0.23 (+4.18%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
CECE CECO Environmental
$5.73 /

+0.23 (+4.18%)

Over a month ago
Earnings
CECO Environmental reports Q1 non-GAAP EPS 15c, consensus 10c » 07:14
05/06/20
05/06
07:14
05/06/20
07:14
CECE

CECO Environmental

$4.81 /

-0.15 (-3.02%)

Reports Q1 revenue…

Reports Q1 revenue $80.5M, consensus $82.52M. CEO Dennis Sadlowski commented, "Our Q1 results once again demonstrate our ability to execute despite the accelerating social and economic changes caused by the COVID-19 pandemic. After a very solid start to the year revenue moderated ending down 10% sequentially and 6% year over year. Even with lower revenue, our team's track record of strong execution produced a healthy gross operating margin of 35%, which is up both sequentially and year over year. Our team generated new orders of $76M up 12% from Q4 with sequential orders up double digits in all three of our reporting segments after a down final quarter of 2019. We continued to build on a robust backlog of $209M while executing proactive cost measures to secure a strong future for the company."

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CECE CECO Environmental
$4.81 /

-0.15 (-3.02%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
Hot Stocks
CECO Environmental announces cost reduction measures » 08:05
04/07/20
04/07
08:05
04/07/20
08:05
CECE

CECO Environmental

$4.92 /

+0.37 (+8.13%)

CECO Environmental…

CECO Environmental announced the implementation of proactive steps designed to support customer commitments while instituting business continuity and cost reduction measures to manage through the COVID-19 pandemic. CECO has undertaken necessary measures in compliance with government directives to remain open across its business and continues to work closely with its global supply chain to proactively support customers during this critical time. As a key supplier to critical infrastructure projects, the company has worked to maintain ongoing essential operations while observing recommended CDC guidelines to minimize the risk of spreading the coronavirus, including implementing, where possible, work-from-home procedures and additional sanitization efforts where facilities remain open to provide necessary services. The Company has also taken several proactive cost reduction measures in response to the economic pressures brought on by the COVID-19 pandemic. The CECO senior management team has agreed to a temporary salary reduction, certain corporate-level costs have been eliminated or reduced, and the Company has instituted a rolling 2-week furlough of U.S.-based employees during the 6-week period beginning the week of April 6. In addition, as a proactive measure, the Company has elected to drawdown $40M from its revolving credit facility, which supplements the Company's already strong cash position. The Company has maintained a comfortable margin to its covenants and has access to approximately $70M of undrawn funds.

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CECE CECO Environmental
$4.92 /

+0.37 (+8.13%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
Over a quarter ago
Earnings
CECO Environmental reports Q4 non-GAAP EPS 27c, consensus 14c » 07:32
03/04/20
03/04
07:32
03/04/20
07:32
CECE

CECO Environmental

$6.43 /

-0.27 (-4.03%)

Reports Q4 revenue…

Reports Q4 revenue $89.4M, consensus $89.72M. CEO Dennis Sadlowski commented, "We are confident that the execution of our 4-3-3 strategic blueprint over the past two years has put CECO on the right path to accelerate growth. Over that period, our investment of $15M in people and technology have helped to generate 29% growth in organic orders, an increase of $86M, with revenue tracking up 10%. We will continue to make ongoing investments to generate above market growth that drives top tier returns for our shareholders while addressing earth's sustainability needs."

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CECE CECO Environmental
$6.43 /

-0.27 (-4.03%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
Earnings
CECO Environmental reports Q3 adjusted EPS 12c, consensus 13c » 07:11
11/06/19
11/06
07:11
11/06/19
07:11
CECE

CECO Environmental

$7.12 /

-0.1 (-1.39%)

Reports Q3 revenue…

Reports Q3 revenue $85.3M, consensus $89.46M.

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CECE CECO Environmental
$7.12 /

-0.1 (-1.39%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
Conference/Events
Three Part Advisors to hold a conference » 08:11
08/29/19
08/29
08:11
08/29/19
08:11
SMID

Smith-Midland Corp

$0.00 /

+ (+0.00%)

, SPXC

SPX Corporation

$37.02 /

+0.09 (+0.24%)

, HMHC

Houghton Mifflin

$5.82 /

+0.04 (+0.69%)

, KEM

Kemet

$16.92 /

+0.31 (+1.87%)

, TNC

Tennant

$66.45 /

-0.09 (-0.14%)

, MR

Montage Resources

$3.05 /

+0.25 (+8.93%)

, CECE

CECO Environmental

$6.88 /

+0.1 (+1.47%)

, CMTL

Comtech

$27.00 /

+0.24 (+0.90%)

, HNGR

Hanger

$19.21 /

-0.53 (-2.68%)

, ODC

Oil-Dri Corporation of America

$28.78 /

+ (+0.00%)

, OOMA

Ooma

$12.97 /

+0.805 (+6.62%)

, TWI

Titan International

$2.32 /

-0.045 (-1.90%)

, SAMG

Silvercrest Asset

$13.11 /

+0.175 (+1.35%)

, SHLO

Shiloh Industries

$4.24 /

+0.09 (+2.17%)

, CRWS

Crown Crafts

$5.30 /

+ (+0.00%)

, HWCC

Houston Wire & Cable

$4.05 /

+0.05 (+1.25%)

, HIL

Hill International

$2.86 /

+0.01 (+0.35%)

, LXU

LSB Industries

$4.72 /

+0.2 (+4.42%)

Midwest Ideas Investor…

Midwest Ideas Investor Conference will be held in Chicago on August 28-29 with webcasted company presentations to begin on August 29 at 8:55 am; not all company presentations may be webcasted. Webcast Link

ShowHide Related Items >><<
SMID Smith-Midland Corp
$0.00 /

+ (+0.00%)

SPXC SPX Corporation
$37.02 /

+0.09 (+0.24%)

09/18/18 Buckingham
SPX Corporation initiated with a Buy at Buckingham
HMHC Houghton Mifflin
$5.82 /

+0.04 (+0.69%)

07/16/19 Citi
Houghton Mifflin price target lowered to $8 from $10 at Citi
10/09/18 BMO Capital
Houghton Mifflin upgraded to Outperform at BMO Capital on overdone selling
10/09/18 BMO Capital
Houghton Mifflin upgraded to Outperform from Market Perform at BMO Capital
KEM Kemet
$16.92 /

+0.31 (+1.87%)

07/11/19 Stifel
Vishay price target lowered to $15 after pre-announcement at Stifel
05/16/19 B. Riley FBR
Kemet price target raised to $26 from $24 at B. Riley FBR
10/08/18 Macquarie
Kemet initiated with an Outperform at Macquarie
TNC Tennant
$66.45 /

-0.09 (-0.14%)

MR Montage Resources
$3.05 /

+0.25 (+8.93%)

06/27/19 Imperial Capital
Montage Resources initiated with an In-Line at Imperial Capital
05/08/19 Capital One
Montage Resources upgraded to Equalweight from Underweight at Capital One
CECE CECO Environmental
$6.88 /

+0.1 (+1.47%)

08/09/19
Fly Intel: Top five analyst initiations
08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
CMTL Comtech
$27.00 /

+0.24 (+0.90%)

09/28/18 BMO Capital
Comtech price target raised to $40 from $37 at BMO Capital
HNGR Hanger
$19.21 /

-0.53 (-2.68%)

ODC Oil-Dri Corporation of America
$28.78 /

+ (+0.00%)

OOMA Ooma
$12.97 /

+0.805 (+6.62%)

11/28/18
On The Fly: Top five analyst upgrades
11/28/18 William Blair
Ooma upgraded to Outperform from Market Perform at William Blair
TWI Titan International
$2.32 /

-0.045 (-1.90%)

SAMG Silvercrest Asset
$13.11 /

+0.175 (+1.35%)

SHLO Shiloh Industries
$4.24 /

+0.09 (+2.17%)

10/01/18 BofA
Shiloh Industries downgraded to Underperform on valuation at BofA/Merrill
10/01/18 BofA
Shiloh Industries downgraded to Underperform from Neutral at BofA/Merrill
CRWS Crown Crafts
$5.30 /

+ (+0.00%)

11/29/18 DA Davidson
Crown Crafts initiated with a Neutral at DA Davidson
HWCC Houston Wire & Cable
$4.05 /

+0.05 (+1.25%)

HIL Hill International
$2.86 /

+0.01 (+0.35%)

LXU LSB Industries
$4.72 /

+0.2 (+4.42%)

Initiation
Fly Intel: Top five analyst initiations » 10:11
08/09/19
08/09
10:11
08/09/19
10:11
LOVE

Lovesac

$18.55 /

-0.03 (-0.16%)

, MNRO

Monro

$82.27 /

+ (+0.00%)

, CECE

CECO Environmental

$7.76 /

+0.04 (+0.52%)

, AFYA

Afya

$25.04 /

-0.32 (-1.26%)

, ATEX

Anterix

$45.08 /

+ (+0.00%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lovesac (LOVE) initiated with an Outperform at Oppenheimer. 2. Monro (MNRO) initiated with a Market Perform at BMO Capital. 3. CECO Environmental (CECE) resumed with a Buy at Needham. 4. Afya (AFYA) initiated with an Overweight at JPMorgan. 5. Anterix (ATEX) initiated with an Outperform at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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LOVE Lovesac
$18.55 /

-0.03 (-0.16%)

08/09/19 Oppenheimer
Lovesac initiated with an Outperform at Oppenheimer
08/08/19 Oppenheimer
Lovesac initiated with an Outperform at Oppenheimer
06/21/19
Fly Intel: Top five analyst initiations
06/21/19 Stifel
Lovesac initiated with a Buy at Stifel
MNRO Monro
$82.27 /

+ (+0.00%)

08/09/19 BMO Capital
Monro initiated with a Market Perform at BMO Capital
07/11/19
Monro downgraded to Perform at Oppenheimer
07/11/19 Oppenheimer
Monro downgraded to Perform from Outperform at Oppenheimer
05/22/19 SunTrust
Monro price target raised to $85 from $72 at SunTrust
CECE CECO Environmental
$7.76 /

+0.04 (+0.52%)

08/09/19 Needham
CECO Environmental resumed with a Buy at Needham
06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
03/13/19 B. Riley FBR
CECO Environmental resumed with a Buy at B. Riley FBR
AFYA Afya
$25.04 /

-0.32 (-1.26%)

08/09/19 JPMorgan
Afya initiated with an Overweight at JPMorgan
ATEX Anterix
$45.08 /

+ (+0.00%)

08/09/19 Evercore ISI
Anterix initiated with an Outperform at Evercore ISI
Initiation
CECO Environmental resumed with a Buy at Needham » 05:44
08/09/19
08/09
05:44
08/09/19
05:44
CECE

CECO Environmental

$7.72 /

-0.22 (-2.77%)

Needham analyst James…

Needham analyst James Ricchiuti resumed coverage of CECO Environmental with a Buy rating and $10 price target. The company's ongoing transformation has led to an acceleration in bookings and will result in stronger growth in revenue and profitability, Ricchiuti tells investors in a research note. He believes that, assuming a stable macro environment, CECO can continue to drive growth across key market verticals in the "emerging" low-carbon economy.

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CECE CECO Environmental
$7.72 /

-0.22 (-2.77%)

06/11/19 Roth Capital
CECO Environmental upgraded to Buy at Roth Capital
06/11/19 Roth Capital
CECO Environmental upgraded to Buy from Neutral at Roth Capital
03/13/19 B. Riley FBR
CECO Environmental resumed with a Buy at B. Riley FBR
02/12/19
Fly Intel: Top five analyst initiations

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