CECO Environmental (CECO) shares plummeted 21.28% in pre-market trading on Tuesday after the company reported its third quarter results and provided its 2026 outlook. Despite beating revenue expectations for Q3, investors appear to be focusing on the company's future projections.
The environmental solutions provider reported Q3 revenue of $197.6 million, surpassing analyst estimates of $190.8 million. However, the company's 2026 revenue outlook of $850-$950 million seems to have fallen short of market expectations, likely contributing to the sharp sell-off.
While CECO Environmental maintained its 2025 full-year guidance and reported a record backlog of $719.6 million, up 64% year-over-year, the market's negative reaction suggests concerns about the company's long-term growth trajectory. The pre-market plunge reflects investor disappointment with the 2026 projections, overshadowing the positive aspects of the Q3 results.
Comments