CECO Environmental Corp
Machinery
CECO Environmental Corp (CECO) Stock News
The latest CECO headlines and market coverage — 2 recent stories, updated throughout the day.
- Zacks Investment Research·
CECO's Industrial Process Solutions Unit Gains Momentum: Can It Sustain?
CECO Environmental Corp. is experiencing strong momentum in its Industrial Process Solutions segment with Q2 2026 revenues up 8.4% YoY to $61.7M and orders surging 81% YoY to $90.3M. The company raised its 2026 revenue guidance to $1.300-$1.375B and reported a $1.82B backlog (up 129.4% from year-end 2025), providing strong visibility for future quarters. However, CECO trades at a premium valuation of 23.84X forward P/E versus the industry average of 19.80X.
- GlobeNewswire Inc.·
CECO Environmental and Thermon Group Holdings Announce Election Deadline for Thermon Stockholders to Elect Form of Merger Consideration
CECO Environmental has set May 22, 2026 as the election deadline for Thermon stockholders to choose their merger consideration form in the pending acquisition. Thermon shareholders can elect to receive 0.8110 CECO shares, a mix of 0.6840 CECO shares plus $10 cash, or $63.89 in cash. The transaction is expected to close on June 1, 2026, subject to stockholder approval and customary closing conditions.