CECO Environmental (CECO)
Builds industrial emissions, water-treatment, ducting, and process-heating systems.
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Supplies engineered industrial air, water, emissions-control, ducting, and process-heating systems worldwide. Revenue spans Engineered Systems, Industrial Process Solutions, and the Thermon-based Thermal Solutions segment, with demand tied to customer capital projects and environmental requirements.
Designs, manufactures, and services equipment that manages industrial air, water, emissions, noise, and temperature. Engineered Systems covers emissions controls, gas-liquid separation and filtration, water-treatment packages, dampers, expansion joints, and acoustical equipment. Industrial Process Solutions supplies ductwork, air-pollution and contamination controls, and process filtration. Thermal Solutions, added through Thermon, provides electric and steam heat tracing, process heating, temperature controls, and temporary power.
Serves power generation, hydrocarbon processing, semiconductor production, metals, and other industrial customers worldwide. Competes through application engineering, product performance, delivery, and service across a portfolio of specialized brands.
Demand depends on customer capital spending and environmental rules, while most projects use fixed-price contracts. The Thermon acquisition created the Thermal Solutions segment and added integration execution as a structural dependency.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Northland Securities | Target | Target: $118 | Target: $125 |
| Aug 5, 2026 | Cowen & Co. | Initiate | Rating: — | |
| Jun 12, 2026 | Northland Securities | Target | Target: $73 | Target: $118 |
| Jun 10, 2026 | Lake Street | Reiterate | Rating: —Target: $80 | Target: $111 |
| Jun 10, 2026 | Needham | Reiterate | Rating: —Target: $90 | Target: $110 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $61.1M · Total debt $762.7M · Total assets $3.73B · Shareholders' equity $2.08B
- Revenue
- $285.0M
- Operating income
- −$33.2M
- Net income
- −$34.8M
No dividends on record.
| Insiders | 4.55% | 2.67M shares | |
|---|---|---|---|
| 16 holders · as of Aug 18, 2026 | |||
| Other | 95.45% | 55.90M shares | |
| remainder | |||
58.57M company shares as of Sep 22, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jason DezwirekInsiderdirector | 2.34% | 1.37M | filed Jun 26, 2026 |
Todd R. GleasonInsiderdirector, officer: Chief Executive Officer | 0.77% | 450,688 | filed Apr 2, 2026 |
Richard F. WallmanInsiderdirector | 0.58% | 338,852 | filed Jun 3, 2026 |
Valerie Gentile SachsInsiderdirector | 0.18% | 105,334 | filed Jun 3, 2026 |
Claudio A. MannarinoInsiderdirector | 0.13% | 78,697 | filed Jun 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 24, 2026 | Peter K. Johansson | officer: SVP, Chief Financial Officer | −30,000 | $96.49 |
| Jun 25, 2026 | Jason Dezwirek | director | −34,000 | $97.28 |
| Jun 24, 2026 | Jason Dezwirek | director | −34,000 | $96.61 |
| Jun 1, 2026 | Richard F. Wallman | director | +20,000 | $76.85 |
| May 1, 2026 | Munish Nanda | director | −11,218 | $74.00 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CECO Environmental | $74.10 | +3.59% | $4.18B | — | 28.0 | 4.6 | +53.7% |
| Donaldson | $86.40 | +0.38% | $9.98B | 22.4 | 20.0 | 2.6 | +8.0% |
| Xylem | $107.32 | +0.07% | $25.04B | 25.5 | 18.2 | 2.7 | +1.5% |
| Babcock & Wilcox Enterprises | $7.42 | +1.02% | $1.09B | — | 27.5 | 1.3 | +121.9% |
| Pentair | $55.85 | +0.12% | $8.90B | 14.0 | 11.5 | 2.2 | −17.0% |
| Emerson Electric | $153.99 | +1.49% | $84.92B | 33.2 | 21.8 | 4.6 | +7.0% |
| Median | 23.9 | 20.0 | 2.6 | +7.0% |