Stock Track | CECO Environmental Soars on Strong Backlog and Positive 2025 Outlook

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Shares of CECO Environmental Corp. (NASDAQ: CECO) surged 5.01% on Tuesday, October 30th, following the company's Q3 2024 earnings report and positive outlook for 2025. Despite a slight miss in Q3 revenue and earnings, investors reacted favorably to CECO's strong backlog and strategic acquisitions, which position the company for significant growth in the coming year.

CECO reported a record backlog of $438 million at the end of Q3, an 11% increase year-over-year, driven by robust new orders exceeding $160 million. The company also announced two strategic acquisitions, WK Group and Profire Energy, to expand its product portfolio and unlock new industrial and geographic markets.

Looking ahead, CECO provided optimistic guidance for 2025, projecting revenue growth of 25% and a 40% increase in adjusted EBITDA compared to 2024. The positive outlook reflects the company's strong backlog, recent acquisitions, and expected growth in areas such as power plant projects and energy transition initiatives.

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(NASDAQ: CECO) surged 5.01% on Tuesday, October 30th, following the company's Q3 2024 earnings report and positive outlook for 2025. Despite a slight miss in Q3 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CECO","symbol_name":"Ceco环保","start_time":0,"source_url":"","article_id":"1178885127","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178885127","pubTimestamp":1730296976,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of CECO Environmental Corp.  surged 5.01% on Tuesday, October 30th, following the company's Q3 2024 earnings report and positive outlook for 2025. 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