CECO Environmental (CECO)
Market Price (10/1/2026): $71.97 | Market Cap: $3.1 BilSector: Industrials | Industry: Environmental & Facilities Services
CECO Environmental (CECO)
Market Price (10/1/2026): $71.97Market Cap: $3.1 BilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and Sustainable Infrastructure. Themes include Wastewater Management, Show more. | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.4% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.8% Key risksCECO key risks include [1] potential cost overruns from its reliance on fixed-price contracts and [2] high financial leverage that could negatively impact shareholder returns. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and Sustainable Infrastructure. Themes include Wastewater Management, Show more. |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.8% |
| Key risksCECO key risks include [1] potential cost overruns from its reliance on fixed-price contracts and [2] high financial leverage that could negatively impact shareholder returns. |
Qualitative Assessment
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Updated on 9/1/2026
CECO Environmental (CECO) stock has lost about 25% since 6/30/2026 because of the following key factors:
1. CECO Environmental reported a substantial GAAP net loss for its fiscal Q2 2026, primarily due to acquisition and integration expenses. The company posted a GAAP net loss of $(34.8) million for the quarter ended June 30, 2026, a reversal from a net income of $9.5 million in the prior-year period. This loss was mainly driven by $45.5 million in acquisition and integration expenses associated with the Thermon Group Holdings acquisition, which closed on June 1, 2026. This reported loss likely overshadowed the strong non-GAAP performance, where adjusted EBITDA increased by 73% to $40.2 million and non-GAAP net income rose 147% to $21.5 million.
2. The Thermon acquisition significantly increased CECO's financial leverage and negatively impacted reported free cash flow. Following the acquisition, CECO's long-term debt surged to $711.1 million at June 30, 2026, from $210.6 million at December 31, 2025, increasing the company's financial leverage. Additionally, the company reported a negative free cash flow of $(24.3) million for fiscal Q2 2026, which represented a $15.5 million decline compared to the prior-year quarter. This elevated debt and negative cash flow raised investor concerns regarding financial risk.
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CECO Environmental (CECO) stock has lost about 25% since 6/30/2026 because of the following key factors:
1. CECO Environmental reported a substantial GAAP net loss for its fiscal Q2 2026, primarily due to acquisition and integration expenses. The company posted a GAAP net loss of $(34.8) million for the quarter ended June 30, 2026, a reversal from a net income of $9.5 million in the prior-year period. This loss was mainly driven by $45.5 million in acquisition and integration expenses associated with the Thermon Group Holdings acquisition, which closed on June 1, 2026. This reported loss likely overshadowed the strong non-GAAP performance, where adjusted EBITDA increased by 73% to $40.2 million and non-GAAP net income rose 147% to $21.5 million.
2. The Thermon acquisition significantly increased CECO's financial leverage and negatively impacted reported free cash flow. Following the acquisition, CECO's long-term debt surged to $711.1 million at June 30, 2026, from $210.6 million at December 31, 2025, increasing the company's financial leverage. Additionally, the company reported a negative free cash flow of $(24.3) million for fiscal Q2 2026, which represented a $15.5 million decline compared to the prior-year quarter. This elevated debt and negative cash flow raised investor concerns regarding financial risk.
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Updated on 9/1/2026
CECO Environmental (CECO) stock has lost about 25% since 6/30/2026 because of the following key factors:
1. CECO Environmental reported a substantial GAAP net loss for its fiscal Q2 2026, primarily due to acquisition and integration expenses. The company posted a GAAP net loss of $(34.8) million for the quarter ended June 30, 2026, a reversal from a net income of $9.5 million in the prior-year period. This loss was mainly driven by $45.5 million in acquisition and integration expenses associated with the Thermon Group Holdings acquisition, which closed on June 1, 2026. This reported loss likely overshadowed the strong non-GAAP performance, where adjusted EBITDA increased by 73% to $40.2 million and non-GAAP net income rose 147% to $21.5 million.
2. The Thermon acquisition significantly increased CECO's financial leverage and negatively impacted reported free cash flow. Following the acquisition, CECO's long-term debt surged to $711.1 million at June 30, 2026, from $210.6 million at December 31, 2025, increasing the company's financial leverage. Additionally, the company reported a negative free cash flow of $(24.3) million for fiscal Q2 2026, which represented a $15.5 million decline compared to the prior-year quarter. This elevated debt and negative cash flow raised investor concerns regarding financial risk.
3. Significant insider selling activity contributed to negative market sentiment. Lead Independent Director Jason DeZwirek executed a substantial sale of CECO stock, offloading US$6.6 million worth of shares at a price of US$96.94 per share on July 2, 2026. Such a large insider transaction, exceeding the $5 million threshold, often signals a lack of confidence and can exert downward pressure on a stock. Furthermore, CEO Todd R Gleason had total insider sales exceeding $15 million within the preceding 24 months, indicating ongoing selling pressure from key executives.
4. Broader macroeconomic headwinds, including renewed interest rate hike concerns, impacted industrial stocks. The overall market environment experienced a "risk-off tone" in late August 2026, driven by "hawkish Jackson Hole remarks" that "revived rate-hike concerns." These macroeconomic factors contributed to a broader pullback in industrial and small/mid-cap stocks, including CECO Environmental, despite positive company-specific fundamentals like raised full-year guidance.
5. Geopolitical conflicts caused delays in larger industrial water projects. During the fiscal Q2 2026 earnings call, CECO's CEO, Todd Gleason, explicitly mentioned that "industrial water project timing risk was tied to geopolitics," with "bigger orders... continue[ing] to be delayed because of the conflicts in the Middle East." While not quantified in terms of direct revenue impact for the quarter, these delays in securing large projects can create uncertainty about future revenue streams and dampen investor enthusiasm for the company's growth prospects.
Show less
CECO Environmental (CECO) stock has lost about 25% since 6/30/2026 because of the following key factors:
1. CECO Environmental reported a substantial GAAP net loss for its fiscal Q2 2026, primarily due to acquisition and integration expenses. The company posted a GAAP net loss of $(34.8) million for the quarter ended June 30, 2026, a reversal from a net income of $9.5 million in the prior-year period. This loss was mainly driven by $45.5 million in acquisition and integration expenses associated with the Thermon Group Holdings acquisition, which closed on June 1, 2026. This reported loss likely overshadowed the strong non-GAAP performance, where adjusted EBITDA increased by 73% to $40.2 million and non-GAAP net income rose 147% to $21.5 million.
2. The Thermon acquisition significantly increased CECO's financial leverage and negatively impacted reported free cash flow. Following the acquisition, CECO's long-term debt surged to $711.1 million at June 30, 2026, from $210.6 million at December 31, 2025, increasing the company's financial leverage. Additionally, the company reported a negative free cash flow of $(24.3) million for fiscal Q2 2026, which represented a $15.5 million decline compared to the prior-year quarter. This elevated debt and negative cash flow raised investor concerns regarding financial risk.
3. Significant insider selling activity contributed to negative market sentiment. Lead Independent Director Jason DeZwirek executed a substantial sale of CECO stock, offloading US$6.6 million worth of shares at a price of US$96.94 per share on July 2, 2026. Such a large insider transaction, exceeding the $5 million threshold, often signals a lack of confidence and can exert downward pressure on a stock. Furthermore, CEO Todd R Gleason had total insider sales exceeding $15 million within the preceding 24 months, indicating ongoing selling pressure from key executives.
4. Broader macroeconomic headwinds, including renewed interest rate hike concerns, impacted industrial stocks. The overall market environment experienced a "risk-off tone" in late August 2026, driven by "hawkish Jackson Hole remarks" that "revived rate-hike concerns." These macroeconomic factors contributed to a broader pullback in industrial and small/mid-cap stocks, including CECO Environmental, despite positive company-specific fundamentals like raised full-year guidance.
5. Geopolitical conflicts caused delays in larger industrial water projects. During the fiscal Q2 2026 earnings call, CECO's CEO, Todd Gleason, explicitly mentioned that "industrial water project timing risk was tied to geopolitics," with "bigger orders... continue[ing] to be delayed because of the conflicts in the Middle East." While not quantified in terms of direct revenue impact for the quarter, these delays in securing large projects can create uncertainty about future revenue streams and dampen investor enthusiasm for the company's growth prospects.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -23.3% change in CECO stock from 6/30/2026 to 9/30/2026 was primarily driven by a -17.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302026 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 90.74 | 69.64 | -23.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 804 | 903 | 12.4% |
| P/S Multiple | 4.0 | 3.3 | -17.1% |
| Shares Outstanding (Mil) | 36 | 43 | -17.6% |
| Cumulative Contribution | -23.3% |
Market Drivers
6/30/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| CECO | -23.3% | |
| Market (SPY) | 2.1% | 50.4% |
| Sector (XLI) | -9.9% | 53.1% |
Fundamental Drivers
The 16.9% change in CECO stock from 3/31/2026 to 9/30/2026 was primarily driven by a 21.8% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 59.58 | 69.64 | 16.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 774 | 903 | 16.6% |
| P/S Multiple | 2.7 | 3.3 | 21.8% |
| Shares Outstanding (Mil) | 36 | 43 | -17.7% |
| Cumulative Contribution | 16.9% |
Market Drivers
3/31/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| CECO | 16.9% | |
| Market (SPY) | 17.6% | 36.5% |
| Sector (XLI) | 3.5% | 43.9% |
Fundamental Drivers
The 36.0% change in CECO stock from 9/30/2025 to 9/30/2026 was primarily driven by a 37.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 51.20 | 69.64 | 36.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 656 | 903 | 37.6% |
| P/S Multiple | 2.8 | 3.3 | 21.3% |
| Shares Outstanding (Mil) | 35 | 43 | -18.5% |
| Cumulative Contribution | 36.0% |
Market Drivers
9/30/2025 to 9/30/2026| Return | Correlation | |
|---|---|---|
| CECO | 36.0% | |
| Market (SPY) | 15.4% | 34.2% |
| Sector (XLI) | 9.2% | 37.7% |
Fundamental Drivers
The 336.1% change in CECO stock from 9/30/2023 to 9/30/2026 was primarily driven by a 181.8% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.97 | 69.64 | 336.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 467 | 903 | 93.6% |
| P/S Multiple | 1.2 | 3.3 | 181.8% |
| Shares Outstanding (Mil) | 35 | 43 | -20.1% |
| Cumulative Contribution | 336.1% |
Market Drivers
9/30/2023 to 9/30/2026| Return | Correlation | |
|---|---|---|
| CECO | 336.1% | |
| Market (SPY) | 84.5% | 35.1% |
| Sector (XLI) | 71.3% | 39.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CECO Return | -10% | 87% | 74% | 49% | 98% | 18% | 914% |
| Peers Return | 11% | 3% | 7% | 44% | 3% | 15% | 109% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| CECO Win Rate | 33% | 58% | 67% | 50% | 67% | 56% | |
| Peers Win Rate | 58% | 45% | 50% | 58% | 52% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| CECO Max Drawdown | -37% | -35% | -31% | -27% | -45% | -40% | |
| Peers Max Drawdown | -30% | -24% | -26% | -18% | -37% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WM, CWST, GEO, FTEK, RSG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/30/2026 (YTD)
How Low Can It Go
| Event | CECO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.9% | -18.8% |
| % Gain to Breakeven | 38.7% | 23.1% |
| Time to Breakeven | 11 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.8% | -6.7% |
| % Gain to Breakeven | 31.3% | 7.1% |
| Time to Breakeven | 69 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -32.4% | -24.5% |
| % Gain to Breakeven | 48.0% | 32.4% |
| Time to Breakeven | 17 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.1% | -33.7% |
| % Gain to Breakeven | 108.6% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.5% | -19.2% |
| % Gain to Breakeven | 22.7% | 23.8% |
| Time to Breakeven | 132 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -16.7% | -3.7% |
| % Gain to Breakeven | 20.0% | 3.9% |
| Time to Breakeven | 480 days | 6 days |
In The Past
CECO Environmental's stock fell -27.9% during the 2025 US Tariff Shock. Such a loss loss requires a 38.7% gain to breakeven.
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Asset Allocation
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| Event | CECO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.9% | -18.8% |
| % Gain to Breakeven | 38.7% | 23.1% |
| Time to Breakeven | 11 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.8% | -6.7% |
| % Gain to Breakeven | 31.3% | 7.1% |
| Time to Breakeven | 69 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -32.4% | -24.5% |
| % Gain to Breakeven | 48.0% | 32.4% |
| Time to Breakeven | 17 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.1% | -33.7% |
| % Gain to Breakeven | 108.6% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -42.2% | -12.2% |
| % Gain to Breakeven | 73.1% | 13.9% |
| Time to Breakeven | 149 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -62.9% | -6.8% |
| % Gain to Breakeven | 169.8% | 7.3% |
| Time to Breakeven | 6 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -32.9% | -17.9% |
| % Gain to Breakeven | 49.0% | 21.8% |
| Time to Breakeven | 156 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -85.1% | -53.4% |
| % Gain to Breakeven | 570.3% | 114.4% |
| Time to Breakeven | 1516 days | 1085 days |
In The Past
CECO Environmental's stock fell -27.9% during the 2025 US Tariff Shock. Such a loss loss requires a 38.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About CECO Environmental (CECO)
CECO Environmental Corp. (CECO) specializes in providing industrial environmental solutions on a global scale. The company engineers, designs, builds, and installs sophisticated systems primarily focused on enhancing air quality and managing fluids for various industrial facilities. Its core mission involves capturing, cleaning, and safely destroying both airborne and water-borne emissions generated by industrial operations.
CECO's product and service portfolio is extensive, including specialized equipment such as dampers and diverters, selective catalytic and non-catalytic reduction systems, cyclonic technology, and thermal oxidizers for emissions control. Additionally, it offers a range of filtration systems, scrubbers, and water and fluid handling equipment. The company complements these products with comprehensive plant engineering services and engineered design-build fabrication capabilities.
The company serves a diverse array of heavy industries and key markets. Its primary customers include natural gas processors, refineries, power generators, and industrial manufacturing companies. CECO also caters to engineering and construction firms, semiconductor manufacturers, and companies in the metals and minerals sector, extending its reach to emerging areas like electric vehicle production.
AI Analysis | Feedback
Here are a few analogies for CECO Environmental:
- A specialized Honeywell for industrial air quality and fluid handling systems.
- Like an independent environmental engineering division within a large industrial conglomerate such as Siemens or GE.
AI Analysis | Feedback
- Industrial Air Quality Systems: Comprehensive systems engineered to capture, clean, and destroy airborne emissions from various industrial facilities, including specific technologies like thermal oxidizers, scrubbers, and NOx reduction systems.
- Fluid Handling Systems: Equipment and technologies designed for the efficient management, treatment, and separation of industrial liquids and gases, encompassing water and fluid handling as well as gas separation and filtration.
- Plant Engineering Services: Specialized expert services providing engineering design and consulting for industrial facilities.
- Engineered Design Build Fabrication: Custom design, manufacturing, and installation services for complex industrial systems and equipment.
AI Analysis | Feedback
CECO Environmental (CECO) primarily sells its industrial air quality and fluid handling systems to other companies across various heavy industries. While specific names of individual customer companies are not provided in the background information, the company markets its products and services to the following major categories of business customers:
- Natural gas processors
- Natural gas transmission and distribution companies
- Refineries
- Power generators
- Industrial manufacturing companies
- Engineering and construction companies
- Semiconductor manufacturers
- Compressor manufacturers
- Beverage can manufacturers
- Metals and minerals companies
- Electric vehicle producer companies
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Todd Gleason, Chief Executive Officer
Todd Gleason joined CECO in July 2020. He is responsible for driving the company's strategic vision and aligning the organization for optimal value creation. Prior to CECO, he served as President and Chief Executive Officer and a board member at Scientific Analytics, a private equity-backed predictive analytics technologies and services company, which he joined in 2015. Before Scientific Analytics, he held executive positions at leading diversified industrial companies including Senior Vice President and Corporate Officer at Pentair, as well as roles at Trane Technologies and Honeywell International. Early in his career, he worked as a management consultant. He holds a master's degree in management and public policy from Carnegie Mellon University.
Peter Johansson, Chief Financial and Strategy Officer
Peter Johansson joined CECO as Chief Financial and Strategy Officer on August 15, 2022. He brings over 30 years of diverse industrial business experience, having worked with companies such as Accudyne Industries, IDEX Corporation, ITT Corporation, Trane Technologies, WABCO, Honeywell, and AlliedSignal. He has experience in leading complex organizations through transformational growth. Mr. Johansson holds a BS in Mechanical Engineering from SMU, an MS in Mechanical Engineering from California State University–Fullerton, and an MBA from UCLA Anderson.
Kiril Kovachev, Chief Accounting Officer
Kiril Kovachev serves as the Vice President, Chief Accounting Officer at CECO Environmental.
Lynn Watkins-Asiyanbi, Chief Administrative and Legal Officer
Lynn Watkins-Asiyanbi assumed the newly created role of Chief Administrative and Legal Officer in August 2022, overseeing legal, human resources, and corporate communication functions. She initially joined CECO in June 2022 as Senior Vice President, General Counsel and Corporate Secretary. Ms. Watkins-Asiyanbi has over 25 years of industrial business experience, including roles with global industrial companies such as John Bean Technologies, W.W. Grainger, Inc., U.S. Foods, Inc., Mars, Inc., and General Mills.
Alyson Richter, SVP, General Counsel and Corporate Secretary
Alyson Richter serves as the Senior Vice President, General Counsel and Corporate Secretary, and also as the Head of Compliance for CECO Environmental.
Todd Gleason joined CECO in July 2020. He is responsible for driving the company's strategic vision and aligning the organization for optimal value creation. Prior to CECO, he served as President and Chief Executive Officer and a board member at Scientific Analytics, a private equity-backed predictive analytics technologies and services company, which he joined in 2015. Before Scientific Analytics, he held executive positions at leading diversified industrial companies including Senior Vice President and Corporate Officer at Pentair, as well as roles at Trane Technologies and Honeywell International. Early in his career, he worked as a management consultant. He holds a master's degree in management and public policy from Carnegie Mellon University.
Peter Johansson, Chief Financial and Strategy Officer
Peter Johansson joined CECO as Chief Financial and Strategy Officer on August 15, 2022. He brings over 30 years of diverse industrial business experience, having worked with companies such as Accudyne Industries, IDEX Corporation, ITT Corporation, Trane Technologies, WABCO, Honeywell, and AlliedSignal. He has experience in leading complex organizations through transformational growth. Mr. Johansson holds a BS in Mechanical Engineering from SMU, an MS in Mechanical Engineering from California State University–Fullerton, and an MBA from UCLA Anderson.
Kiril Kovachev, Chief Accounting Officer
Kiril Kovachev serves as the Vice President, Chief Accounting Officer at CECO Environmental.
Lynn Watkins-Asiyanbi, Chief Administrative and Legal Officer
Lynn Watkins-Asiyanbi assumed the newly created role of Chief Administrative and Legal Officer in August 2022, overseeing legal, human resources, and corporate communication functions. She initially joined CECO in June 2022 as Senior Vice President, General Counsel and Corporate Secretary. Ms. Watkins-Asiyanbi has over 25 years of industrial business experience, including roles with global industrial companies such as John Bean Technologies, W.W. Grainger, Inc., U.S. Foods, Inc., Mars, Inc., and General Mills.
Alyson Richter, SVP, General Counsel and Corporate Secretary
Alyson Richter serves as the Senior Vice President, General Counsel and Corporate Secretary, and also as the Head of Compliance for CECO Environmental.
AI Analysis | Feedback
Here are the key risks to CECO Environmental (CECO):
- Risks Related to the Pending Acquisition of Thermon Group Holdings, Inc. and Associated Debt Levels: CECO Environmental is currently in the process of acquiring Thermon Group Holdings, Inc., a significant transaction that introduces a range of risks. These include the possibility that the deal may not be completed as anticipated, potential operational disruptions during the integration process, and challenges in integrating the acquired business. Furthermore, the acquisition is expected to be funded through a combination of available cash and borrowings, which could further increase CECO's existing substantial debt levels. The transaction also carries risks of higher-than-expected legal, accounting, financial advisory, and integration costs, as well as potential litigation or regulatory proceedings.
- Supply Chain Vulnerabilities and Exposure to Fixed-Price Contracts: CECO faces ongoing and potentially worsening supply chain challenges, which can lead to delays or cancellations of contracts. This risk is amplified by the company's reliance on fixed-price contracts. Unexpected increases in raw material prices or labor costs, driven by supply chain disruptions, can result in cost overruns, negatively impacting the company's profitability. Customer-driven project delays have already affected CECO's revenue and EBITDA in 2024.
- Sensitivity to Economic and Financial Market Conditions: CECO Environmental's business performance is susceptible to fluctuations in global economic and financial market conditions. Economic downturns or instability can lead to reduced capital expenditures and investments by customers in the industrial solutions that CECO provides. This sensitivity can result in decreased demand for CECO’s products and services, affecting its revenue and overall profitability, as evidenced by customer project delays experienced in 2024.
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CECO Environmental's total addressable market (TAM) is expected to expand to approximately $30 billion globally following the acquisition of Thermon Group Holdings, Inc., which is anticipated to close in mid-2026.
The company's largest market opportunities are identified in natural gas power generation, industrial water, and industrial reshoring programs. CECO's sales pipeline currently exceeds $6.5 billion.
AI Analysis | Feedback
CECO Environmental (symbol: CECO) is anticipated to drive future revenue growth over the next 2-3 years through several key strategic initiatives and market opportunities:
- Thermon Group Holdings Acquisition: A significant driver of future revenue growth is the transformational merger with Thermon Group Holdings, Inc., expected to close in mid-2026. This acquisition is projected to create a combined company with pro forma revenue of approximately $1.5 billion, along with an expected $40 million in run-rate synergies. This strategic combination is set to enhance CECO's global leadership and expand its market and operational capabilities.
- Robust Backlog and Sales Pipeline: CECO Environmental consistently reports a strong and growing backlog, which was approaching $800 million by the end of 2025. The company's sales pipeline also exceeds $6.5 billion and is converting quickly into orders. This substantial existing and incoming order volume provides significant visibility and forms a foundational driver for future revenue realization.
- Growth in Core End Markets: The company identifies its largest opportunities in natural gas power generation, industrial water, and industrial reshoring programs. CECO has recently secured large projects, including a record-setting approximately $135 million order for a natural gas power generation facility. Investments in these areas are expected to continue fueling revenue growth.
- Programmatic Mergers and Acquisitions (M&A): Beyond the Thermon merger, CECO has a proven track record of programmatic M&A, having completed roughly a dozen strategic deals since mid-2020. Approximately 50% of these acquisitions have doubled sales within 24 months, indicating that this ongoing strategy to expand its solution portfolio and market leadership will contribute to sustained revenue growth.
- Global Expansion and Energy Transition: CECO is focused on leveraging its global reach, with about 50% of its orders originating from outside the U.S. The company is also strategically positioned within the energy transition markets, offering solutions for areas such as electric vehicle production, polysilicon fabrication, and emissions management. Anticipated regulatory changes and a broader focus on environmental sustainability are expected to further drive demand for CECO's solutions.
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Share Repurchases
- CECO Environmental authorized a share repurchase program of up to $5 million in August 2021, active through December 31, 2021, representing approximately 2.0% of outstanding shares at that time.
- In May 2022, a new share repurchase program was authorized for up to $20 million, valid through April 30, 2025, which amounted to approximately 12% of outstanding shares based on the stock price as of May 4, 2022.
- As of July 2025, the company had repurchased 1,262,352 shares for $12.02 million under the May 2022 buyback plan.
Share Issuance
- Shares outstanding experienced slight increases over the last few years, from 35.39 million in 2021 to 35.35 million in 2025, with a dip in 2022.
- Share repurchase programs were designed to "offset dilution from share issuances" and reduce share count.
Outbound Investments
- CECO Environmental made several strategic acquisitions, including UK-based Wakefield Acoustics Ltd. in January 2023, Transcend Solutions in 2023, and Kemco Systems in September 2023.
- The company acquired Profire Energy for $125 million in an all-cash transaction, expected to close in January 2025, and Verantis Environmental Solutions Group for $65.5 million in December 2024.
- In February 2026, CECO Environmental announced a definitive agreement to acquire Thermon Group Holdings, Inc. for approximately $2.2 billion in a cash-and-stock transaction, anticipated to close in mid-2026.
Capital Expenditures
- Capital expenditures were $5.15 million in 2021, $3.34 million in 2022, $2.08 million in 2023, and $3.36 million in 2024.
- The company's capital allocation strategy includes investments in organic growth, operational excellence, portfolio transformation, and mergers and acquisitions.
- For 2025, free cash flow is projected to be between 60% and 75% of Adjusted EBITDA, reflecting expected working capital timing.
Peer Outperformance in Environmental & Facilities Services
CECO has outperformed 100% of its 29 Environmental & Facilities Services peers over 5Y. Environmental & Facilities Services ranks 14th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Environmental & Facilities Services constituents that CECO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
91%
of 34 industry peers · 36.0% return
3Y
93%
of 30 industry peers · 336.1% return
5Y
100%
of 29 industry peers · 859.2% return
No Environmental & Facilities Services peer with a comparable growth profile has beaten CECO by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Environmental & Facilities Services is CECO's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 4.5% | 117.0% | 185.9% | CDNL 2254% · FIX 2179% · STRL 2051% |
| Marine Transportation | 5 | 89.4% | 58.5% | 169.1% | HOS 40374% · MATX 183% · KEX 169% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 0.9% | 44.2% | 102.4% | CAT 355% · ALSN 240% · WAB 234% |
| Aerospace & Defense | 54 | -13.8% | 59.4% | 65.0% | ATI 994% · FTAI 819% · HWM 608% |
| Rail Transportation | 7 | 17.6% | 57.7% | 47.7% | FSTR 133% · CSX 64% · UNP 51% |
| Industrial Machinery & Supplies & Components | 73 | 9.0% | 42.2% | 45.2% | CRS 1103% · PSIX 1094% · EROC 605% |
| Trading Companies & Distributors | 19 | 2.4% | 34.2% | 42.4% | DXPE 489% · AIT 278% · WCC 210% |
| Diversified Support Services | 33 | 9.6% | 27.3% | 33.3% | LIME 3176% · TH 399% · WLFC 303% |
| Cargo Ground Transportation | 16 | 36.1% | 1.6% | 29.8% | XPO 258% · R 209% · CVLG 145% |
| Electrical Components & Equipment | 40 | 4.0% | 60.0% | 24.4% | POWL 2304% · BE 1400% · VRT 888% |
| Building Products | 33 | -15.9% | 0.6% | 17.7% | LMB 637% · GFF 346% · PPIH 297% |
| Industrial Conglomerates | 17 | 7.7% | 3.0% | -2.0% | RCMT 541% · CSW 125% · DD 72% |
| Passenger Ground Transportation | 3 | -31.8% | 42.4% | -7.9% | UBER 46% · CAR -8% · LYFT -73% |
| Environmental & Facilities Services ← | 30 | -15.3% | 17.2% | -8.5% | CECO 859% · ADUR 447% · GEO 311% |
| Agricultural & Farm Machinery | 17 | 12.8% | -1.5% | -11.9% | BLBD 160% · DE 109% · GENC 53% |
| Research & Consulting Services | 14 | -16.8% | -24.6% | -26.1% | HURN 199% · CRAI 72% · GRNQ 17% |
| Data Processing & Outsourced Services | 6 | -35.7% | -15.3% | -29.7% | EXLS 36% · BR 6% · G -27% |
| Office Services & Supplies | 9 | 14.7% | 16.9% | -36.0% | PBI 164% · TILE 125% · HNI 41% |
| Passenger Airlines | 11 | 14.3% | 13.9% | -37.8% | LTM 2978% · UAL 116% · DAL 91% |
| Human Resource & Employment Services | 22 | -1.1% | -17.8% | -38.0% | BBSI 61% · ADP 43% · HQI 7% |
| Air Freight & Logistics | 12 | -32.1% | -24.2% | -39.3% | CHRW 93% · FDX 77% · EXPD 68% |
| Security & Alarm Services | 10 | -25.6% | 19.5% | -40.3% | CIX 155% · MG 104% · BCO 66% |
| Airport Services | 3 | -71.9% | -78.6% | -69.4% | JOBY -40% · ASLE -69% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 74.59 |
| Mkt Cap | 4.5 |
| Rev LTM | 2,391 |
| Op Inc LTM | 224 |
| FCF LTM | 66 |
| FCF 3Y Avg | 101 |
| CFO LTM | 275 |
| CFO 3Y Avg | 274 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.2% |
| Rev Chg 3Y Avg | 7.1% |
| Rev Chg Q | 15.9% |
| QoQ Delta Rev Chg LTM | 3.5% |
| Op Inc Chg LTM | 6.1% |
| Op Inc Chg 3Y Avg | 3.9% |
| Op Mgn LTM | 9.2% |
| Op Mgn 3Y Avg | 9.5% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 12.5% |
| CFO/Rev 3Y Avg | 13.7% |
| FCF/Rev LTM | 3.2% |
| FCF/Rev 3Y Avg | 4.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Engineered Systems | 544 | 384 | 380 | 278 | 187 |
| Industrial Process Solutions | 230 | 174 | 165 | 165 | 137 |
| Intra- Segment Sales | -21 | ||||
| Total | 774 | 558 | 545 | 423 | 324 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Engineered Systems | 112 | 79 | 66 | 35 | 26 |
| Industrial Process Solutions | 101 | 32 | 25 | 21 | 15 |
| Stock-based compensation | -13 | -8 | -5 | -4 | |
| Amortization of intangible assets | -16 | -9 | -7 | ||
| Other corporate expenses | -78 | -60 | -44 | -33 | |
| Elimination of intra- and inter-segment activity | 3 | ||||
| Corporate and Other | -31 | ||||
| Total | 106 | 35 | 35 | 22 | 10 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Engineered Systems | 432 | 333 | 263 | 271 | 255 |
| Industrial Process Solutions | 148 | 150 | 142 | 135 | |
| Corporate and Other | 20 | 21 | 12 | 14 | 18 |
| Fluid Handling and Filtration Segment | 72 | ||||
| Industrial Solutions segment | 65 | ||||
| Total | 600 | 505 | 416 | 419 | 409 |
Price Behavior
Price Behavior
| Market Price | $69.64 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 01/29/1998 | |
| Distance from 52W High | -30.1% | |
| 50 Days | 200 Days | |
| DMA Price | $72.54 | $71.70 |
| DMA Trend | up | down |
| Distance from DMA | -4.0% | -2.9% |
| 3M | 1YR | |
| Volatility | 61.6% | 64.9% |
| Downside Capture | 277.75 | 156.85 |
| Upside Capture | 133.09 | 167.10 |
| Correlation (SPY) | 50.1% | 34.2% |
CECO Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.28 | 2.21 | 2.85 | 2.02 | 1.71 | 1.26 |
| Up Beta | 2.13 | 2.55 | 4.96 | 2.86 | 2.01 | 1.17 |
| Down Beta | -0.16 | 2.44 | 3.55 | 2.20 | 1.61 | 1.31 |
| Up Capture | 282% | 232% | 137% | 177% | 238% | 356% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 21 | 27 | 59 | 128 | 386 |
| Down Capture | 223% | 195% | 266% | 164% | 132% | 104% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 21 | 37 | 67 | 124 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CECO | |
|---|---|---|---|---|
| CECO | 38.7% | 64.8% | 0.76 | - |
| Sector ETF (XLI) | 10.1% | 17.3% | 0.39 | 37.7% |
| Equity (SPY) | 15.9% | 13.0% | 0.87 | 34.2% |
| Gold (GLD) | 8.1% | 29.6% | 0.26 | 18.0% |
| Commodities (DBC) | 43.1% | 20.8% | 1.61 | -5.2% |
| Real Estate (VNQ) | 2.2% | 13.6% | -0.09 | 18.4% |
| Bitcoin (BTCUSD) | -27.1% | 44.5% | -0.58 | 17.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CECO | |
|---|---|---|---|---|
| CECO | 58.4% | 53.5% | 1.06 | - |
| Sector ETF (XLI) | 12.6% | 17.6% | 0.55 | 38.0% |
| Equity (SPY) | 13.2% | 17.2% | 0.59 | 33.7% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | 6.3% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | 8.7% |
| Real Estate (VNQ) | 0.5% | 18.9% | -0.08 | 23.0% |
| Bitcoin (BTCUSD) | 13.9% | 52.3% | 0.44 | 15.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CECO | |
|---|---|---|---|---|
| CECO | 20.8% | 59.9% | 0.56 | - |
| Sector ETF (XLI) | 13.2% | 20.0% | 0.58 | 38.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 33.9% |
| Gold (GLD) | 11.8% | 16.4% | 0.58 | 3.7% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 13.0% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 28.0% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 10.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -0.8% | 12.2% | 11.6% |
| 4/28/2026 | 14.4% | 20.4% | 33.9% |
| 2/24/2026 | -22.8% | -25.6% | -20.1% |
| 10/28/2025 | -9.1% | -2.5% | -3.5% |
| 7/29/2025 | 16.2% | 29.2% | 38.5% |
| 4/29/2025 | 16.4% | 32.1% | 47.0% |
| 2/25/2025 | 8.2% | 7.4% | 6.5% |
| 10/29/2024 | -14.3% | -13.5% | 23.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 15 |
| # Negative | 12 | 9 | 8 |
| Median Positive | 13.4% | 15.8% | 17.5% |
| Median Negative | -7.7% | -9.1% | -9.3% |
| Max Positive | 26.1% | 33.2% | 57.6% |
| Max Negative | -22.8% | -25.6% | -20.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -0.8% | 12.2% | 11.6% |
| 4/28/2026 | 14.4% | 20.4% | 33.9% |
| 2/24/2026 | -22.8% | -25.6% | -20.1% |
| 10/28/2025 | -9.1% | -2.5% | -3.5% |
| 7/29/2025 | 16.2% | 29.2% | 38.5% |
| 4/29/2025 | 16.4% | 32.1% | 47.0% |
| 2/25/2025 | 8.2% | 7.4% | 6.5% |
| 10/29/2024 | -14.3% | -13.5% | 23.3% |
| 7/30/2024 | -6.3% | -12.3% | -6.4% |
| 4/30/2024 | -14.8% | -9.1% | -1.0% |
| 3/5/2024 | -17.9% | -2.8% | 4.8% |
| 11/7/2023 | 10.9% | 16.2% | 17.5% |
| 8/8/2023 | 24.0% | 15.4% | 17.0% |
| 3/6/2023 | -6.5% | -5.3% | -12.3% |
| 1/10/2023 | 13.4% | 17.4% | 20.2% |
| 11/7/2022 | -3.3% | 2.9% | 1.1% |
| 8/8/2022 | 12.0% | 20.1% | 20.2% |
| 5/10/2022 | 26.1% | 33.2% | 57.6% |
| 3/14/2022 | -1.9% | 12.2% | -13.3% |
| 11/8/2021 | -7.3% | -10.8% | -15.6% |
| 8/3/2021 | 4.6% | -0.9% | 8.8% |
| 3/3/2021 | 4.2% | 10.4% | -3.1% |
| 11/4/2020 | -8.1% | 13.8% | 7.2% |
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 15 |
| # Negative | 12 | 9 | 8 |
| Median Positive | 13.4% | 15.8% | 17.5% |
| Median Negative | -7.7% | -9.1% | -9.3% |
| Max Positive | 26.1% | 33.2% | 57.6% |
| Max Negative | -22.8% | -25.6% | -20.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/06/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/06/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/14/2022 | 10-K |
| 09/30/2021 | 11/08/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 03/03/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 03/04/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Recent Forward Guidance
Updated 9/28/2026Latest: Q2 2026 Earnings Reported 8/10/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 1.30 Bil | 1.34 Bil | 1.38 Bil | 37.9% | Raised | Guidance: 970.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 200.00 Mil | 212.50 Mil | 225.00 Mil | 63.5% | Raised | Guidance: 130.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 940.00 Mil | 970.00 Mil | 1.00 Bil | 2.1% | Raised | Guidance: 950.00 Mil for 2026 | |
| 2026 Revenue Growth | Reported | 25.0% | ||||||
| 2026 Adjusted EBITDA | Reported | 120.00 Mil | 130.00 Mil | 140.00 Mil | 4.0% | Raised | Guidance: 125.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Growth | Reported | 45.0% | ||||||
| 2026 Free Cash Flow | Reported | 65.00 Mil | Affirmed | |||||
Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 925.00 Mil | 950.00 Mil | 975.00 Mil | 5.6% | Raised | Guidance: 900.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 115.00 Mil | 125.00 Mil | 135.00 Mil | 4.2% | Raised | Guidance: 120.00 Mil for 2026 | |
| 2026 Free Cash Flow | Reported | 0.5 | ||||||
Q3 2025 Earnings Reported 10/28/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 725.00 Mil | 750.00 Mil | 775.00 Mil | 0 | Affirmed | Guidance: 750.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | Reported | 90.00 Mil | 95.00 Mil | 100.00 Mil | 0 | Affirmed | Guidance: 95.00 Mil for 2025 | |
| 2026 Revenue | Reported | 850.00 Mil | 900.00 Mil | 950.00 Mil | ||||
| 2026 Adjusted EBITDA | Reported | 110.00 Mil | 120.00 Mil | 130.00 Mil | ||||
Insider Activity
Updated 8/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dezwirek, Jason | 0to100 Inc. | Sell | 6262026 | 97.28 | 34,000 | 3,307,493 | 12,840,854 | Form | |
| 2 | Dezwirek, Jason | 0to100 Inc. | Sell | 6262026 | 96.61 | 34,000 | 3,284,706 | 16,037,094 | Form | |
| 3 | Johansson, Peter K | SVP, Chief Financial Officer | Direct | Sell | 6262026 | 96.49 | 30,000 | 2,894,802 | 3,931,720 | Form |
| 4 | Wallman, Richard F | spouse | Buy | 6032026 | 76.85 | 20,000 | 1,536,938 | 8,107,348 | Form | |
| 5 | Nanda, Munish | Direct | Sell | 5042026 | 74.00 | 11,218 | 830,145 | 4,590,368 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dezwirek, Jason | 0to100 Inc. | Sell | 6262026 | 97.28 | 34,000 | 3,307,493 | 12,840,854 | Form | |
| 2 | Dezwirek, Jason | 0to100 Inc. | Sell | 6262026 | 96.61 | 34,000 | 3,284,706 | 16,037,094 | Form | |
| 3 | Johansson, Peter K | SVP, Chief Financial Officer | Direct | Sell | 6262026 | 96.49 | 30,000 | 2,894,802 | 3,931,720 | Form |
| 4 | Wallman, Richard F | spouse | Buy | 6032026 | 76.85 | 20,000 | 1,536,938 | 8,107,348 | Form | |
| 5 | Nanda, Munish | Direct | Sell | 5042026 | 74.00 | 11,218 | 830,145 | 4,590,368 | Form | |
| 6 | Wallman, Richard F | Direct | Buy | 5012026 | 73.25 | 10,000 | 732,500 | 16,840,834 | Form | |
| 7 | Wallman, Richard F | spouse | Buy | 5012026 | 73.80 | 5,000 | 368,990 | 6,309,729 | Form | |
| 8 | Gleason, Todd R | Chief Executive Officer | Direct | Sell | 9222025 | 50.45 | 98,101 | 4,949,127 | 20,726,338 | Form |
| 9 | Gleason, Todd R | Chief Executive Officer | Direct | Sell | 9222025 | 49.32 | 101,899 | 5,025,669 | 20,262,424 | Form |
| 10 | Gleason, Todd R | Chief Executive Officer | Direct | Sell | 9222025 | 51.30 | 100,000 | 5,130,140 | 21,076,411 | Form |
| 11 | Wallman, Richard F | spouse | Buy | 9092025 | 46.93 | 3,000 | 140,800 | 3,778,131 | Form | |
| 12 | Wallman, Richard F | Direct | Buy | 9032025 | 44.25 | 3,000 | 132,750 | 9,730,973 | Form | |
| 13 | Wallman, Richard F | spouse | Buy | 9032025 | 44.25 | 1,500 | 66,375 | 3,429,375 | Form | |
| 14 | Dezwirek, Jason | 0to100 Inc. | Sell | 8012025 | 43.54 | 30,000 | 1,306,170 | 8,707,797 | Form | |
| 15 | Dezwirek, Jason | 0to100 Inc. | Sell | 8012025 | 42.75 | 70,000 | 2,992,157 | 9,831,373 | Form | |
| 16 | Mannarino, Claudio A | Direct | Sell | 8012025 | 41.51 | 20,000 | 830,247 | 3,220,900 | Form |
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Industry Resources
| Industrials Resources |
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| Aviation Week |
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External Quote Links
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| SeekingAlpha | ValueLine |
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
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