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CECO Environmental

CECO Environmental?uq=UG6efJS6
1966 FOUNDED
PUBLIC STATUS
801-900 EMPLOYEES
CECE STOCK SYMBOL
12 INVESTMENTS
$7.67 SHARE PRICE (As of Wednesday Closing)
Description

CECO Environmental was incorporated in New York State in 1966 and reincorporated in Delaware in January 2002. The Company provides an array of solutions for industrial ventilation and air quality problems through dust, mist and fume control systems and particle and chemical technologies to industrial and commercial customers. The four product groups are: Contracting/Services Group, which produces air pollution control and industrial ventilation systems, Equipment Group, which produces various types of air pollution control equipment, Parts Group, which manufactures products used by the company and other air pollution control companies and contractors, and its Engineering Group, which provides industrial ventilation engineering and source emission testing services. The Company engineers, designs, builds and installs systems that capture, clean and destroy airborne contaminants from industrial facilities as well as equipment that control emissions from such facilities. The Company markets its products and services under multiple brands, including Kirk & Blum, kbd/Technic, CECO Filters, Busch International, CECO Abatement Systems, CECOaire, K&B Duct, Effox, GMD Environmental, Fisher-Klosterman, Buell, A.V.C., FKI and Flextor to multiple end markets, a broad group of customers and for a wide range of applications. In March 2008, the Company acquired Fisher-Klosterman, Inc. which leases a 40,000 square foot facility in Shanghai, China and in August 2008 it acquired Flextor Inc. which leases a 15,000 square foot facility in Montreal, Canada. Key elements of the Company's strategy include: Expand Customer Base and Penetrate End Markets through Global Market Coverage, Develop Innovative Solutions, Maintain strong Customer Focus and Pursue Selective Acquisitions. With more than 3,000 active customers, the Company provides services to a myriad of industries including aerospace, brick, cement, ceramics, metalworking, printing, paper, food, foundries, utilities, metal plating, woodworking, chemicals, glass, automotive, ethanol, pharmaceuticals, and refining. The Company's contracting/services business unit is comprised of the contracting/services operations of its Kirk & Blum divisions. The Company provides cost effective engineered solution to in-plant process problems in order to control airborne pollutants. Customers include General Electric Company, General Motors Corporation, The Procter & Gamble Company, Nissan Motor Co., Ltd., Honda Motor Co., Inc., Toyota Motor North America, Inc., The Boeing Company, Lafarge, Corning Incorporated and Alcoa Inc. The Company also does projects in Mexico, China, Japan, Taiwan and Korea. The Company provides custom metal fabrication services at its Kirk & Blum Cincinnati, Ohio and Lexington, Kentucky locations. These facilities are used to fabricate parts, subassemblies, and customized products for air pollution and non-air pollution applications from sheet, plate, and structural and perform the majority of the fabrication for CECO Filters, Busch International, CECOaire and CECO Abatement. Customers include Siemens and General Electric. The Company's equipment business unit is comprised of CECO Filters, Busch International, CECO Abatement, CECOaire, Effox, GMD, FKI, Flextor and A.V.C. The Company manufactures fiber beds in Philadelphia, India and in China. The Company's engineering and design services are marketed under the kbd/Technic trade name to provide engineering services directly to customers. Customers include General Motors Corporation, Ford Motor Company, Toyota Motor North America, Inc., The Quaker Oats Company, Nissan Motor Co., Ltd. and Honda Motor Co., Inc.

Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Machinery (B2B)
Stock Exchange
NAS
Primary Office
  • 4625 Red Bank Road
  • Suite 200
  • Cincinnati, OH 45227
  • United States

+1 (513) 000-0000
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CECO Environmental Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$4.08 - $9.19 $272M $7.80 -$0.11 86.1K 34.9M

CECO Environmental Financials Summary

In Thousands,
USD
TTM
30-Jun-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
FY 2015
31-Dec-2015
Enterprise Value 270,224 275,715 573,486 430,009
Revenue 313,759 345,051 417,011 367,422
EBITDA 26,151 24,218 (6,349) 19,388
Net Income (3,691) (3,029) (38,218) (5,602)
Total Assets 421,401 438,549 498,634 598,819
Total Debt 86,195 120,133 128,493 177,328
Public Fundamental Data provided by Morningstar, Inc. disclaimer

CECO Environmental Acquisitions (12)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000 000000000 03-Sep-2015 000000000000000000 00000 Machinery (B2B) 0000000 0000
00000000 0000000 0 15-Dec-2014 000000000000000000 0000 Machinery (B2B) 0000000 0000
000000 04-Nov-2014 000000000000000000 000.00 Environmental Services (B2B) 0000000 0000
000 0000000000 30-Sep-2014 000000000000000000 00.00 Environmental Services (B2B) 0000000 0000
HEE Environmental Engineering 14-Aug-2014 Merger/Acquisition 00.00 Building Products 0000000 0000
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CECO Environmental Subsidiaries (6)

Company Name Industry Location Founded
Adwest Technologies Environmental Services (B2B) Anaheim, CA 1988
000 00000000000 Electrical Equipment Moorpark, CA 0000
000 0000000000000 Building Products Ontario, CA 0000
0000000 0000000 00 Industrial Supplies and Parts Nunspeet, Netherlands 0000
000000-0000000000 Acquirer Louisville, KY 0000
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CECO Environmental Executive Team (8)

Name Title Board
Seat
Contact
Info
Dennis Sadlowski Chief Executive Officer, President & Board Member
Matthew Eckl Chief Financial Officer & Secretary
Edward Prajzner Chief Financial Officer, Senior Finance Executive

5 Former Executives

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