CECO Environmental Updates 2026 Outlook Following Thermon Group Acquisition

MT Newswires Live06-09 19:35

CECO Environmental (CECO) now expects 2026 revenue of about $1.28 billion to $1.38 billion, after closing its acquisition of Thermon Group Holdings (THR) on June 1, the company said Tuesday.

The company previously projected 2026 revenue of $940 million to $1 billion. Analysts polled by FactSet expect $968.3 million.

The updated outlook, which includes $195 million to $225 million in adjusted EBITDA, reflects seven months of contribution from Thermon, CECO said.

The initial integration phase of Thermon into CECO is on track and the company continues to expect at least $40 million in cost synergies from the transaction, according to CECO CEO Todd Gleason.

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