CECO CECO Environmental Corp. — QuoTrend

Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-12-26	Reiterated	Northland Securities		$90 → $118
Jun-10-26	Reiterated	Needham	Buy	$90 → $110
Jun-10-26	Reiterated	Lake Street	Buy	$80 → $111
Apr-29-26	Reiterated	Roth Capital	Buy	$68 → $85
Apr-29-26	Reiterated	Needham	Buy	$70 → $90
Apr-28-26	Reiterated	Craig-Hallum	Buy	$34 → $103
Feb-25-26	Reiterated	Lake Street	Buy	$56 → $80
Dec-24-25	Reiterated	Northland Securities		$60 → $73
Dec-16-25	Reiterated	Needham	Buy	$57 → $70
Oct-29-25	Reiterated	Needham	Buy	$34 → $57

Financial Statements

DataTimeframe

Line Item (USD, M)		TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue		813	774	558	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A		533	521	362
Gross Profit		278	253	196
Selling, General and Administrative Excl. Other		198	201	147
Research and Development		0	0	0
Other Operating Expense		19	0	14
Operating Income		62	52	35
Interest Expense		20	21	13
Unusual Expense		—	—	—
Non-Operating Income (Expense)		9	-52	5
Net Income Before Taxes		39	83	18
Income Taxes		17	30	3
Consolidated Net Income		17	50	13
Net Income From Continuing Operations		22	53	14
Net Income		17	50	13
EPS (Recurring)		0.49	1.42	0.37
EPS (Basic, Before Extraordinaries)		0.49	1.42	0.37
EPS (Diluted)		0.46	1.37	0.36
EBITDA		79	129	45
Other After Tax Adjustments		—	—	—
Stock Option Compensation Expense		—	—	—
Price To Earnings Ratio		213.91	43.69	—
Price To Sales Ratio		4.36	2.71	—
Gross Margin		34.19	32.69	35.13
Operating Margin		7.63	6.72	6.27
Net Margin		2.09	6.46	2.33
Shares Outstanding		36	35	35
Market Capitalization		3,542	2,095	—
Operating Lease Expense		—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
WALLMAN RICHARD F	Director	Jun 01 '26	Buy	76.85	20,000	1,536,938	105,500	Jun 03 12:00 AM
Nanda Munish	Director	May 01 '26	Sale	74.00	11,218	830,145	62,031	May 04 12:00 AM
WALLMAN RICHARD F	Director	Apr 29 '26	Buy	73.43	15,000	1,101,490	229,909	May 01 12:00 AM
Gleason Todd R	Chief Executive Officer	Sep 22 '25	Option Exercise	12.72	196,202	2,495,690	598,204	Sep 22 12:00 AM
Gleason Todd R	Chief Executive Officer	Sep 22 '25	Sale	50.45	98,101	4,949,127	410,835	Sep 22 12:00 AM
Gleason Todd R	Chief Executive Officer	Sep 19 '25	Sale	49.32	101,899	5,025,669	410,835	Sep 22 12:00 AM
Gleason Todd R	Chief Executive Officer	Sep 19 '25	Option Exercise	12.72	101,899	1,296,155	512,734	Sep 22 12:00 AM
Gleason Todd R	Chief Executive Officer	Sep 18 '25	Option Exercise	12.72	301,899	3,840,155	798,204	Sep 22 12:00 AM
Gleason Todd R	Chief Executive Officer	Sep 18 '25	Sale	51.30	100,000	5,130,140	410,835	Sep 22 12:00 AM
WALLMAN RICHARD F	Director	Sep 05 '25	Buy	46.93	3,000	140,800	80,500	Sep 09 12:00 AM
WALLMAN RICHARD F	Director	Aug 29 '25	Buy	44.25	4,500	199,125	219,909	Sep 03 12:00 AM
DEZWIREK JASON	Director	Jul 31 '25	Sale	43.54	30,000	1,306,170	200,000	Aug 01 12:00 AM
DEZWIREK JASON	Director	Jul 30 '25	Sale	42.75	70,000	2,992,158	230,000	Aug 01 12:00 AM
Mannarino Claudio A	Director	Jul 30 '25	Sale	41.51	20,000	830,247	77,589	Aug 01 12:00 AM
Johansson Peter K.	See Remarks	Mar 31 '25	Sale	22.80	22,500	512,933	62,160	Apr 02 12:00 AM