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HCCI - CECO Environmental: Global Growth Continues Even In A Recession
Heritage-Crystal Clean Inc.
Summary
Over the past two years, CECO has executed a turnaround plan that has resulted in double-digit revenue and earnings growth despite macroeconomic pressures.
Record revenue growth and a strong backlog indicate further upside for the stock heading into 2023 even if a recession occurs.
Market trends indicate further upside potential in the industrial air, industrial water, and energy transition markets that CECO serves.