- CECO Environmental press release ( NASDAQ: CECE ): Q2 Non-GAAP EPS of $0.18 beats by $0.09 .
- Revenue of $105.4M (+34.0% Y/Y) beats by $14.12M .
- Orders of $113.5M, up 33 percent; record Backlog of $289M.
- Adjusted EBITDA of $10.6M, up 63 percent.
- The company updated full year 2022 guidance to $375 to $400 million in revenue, up approximately 19 percent at the midpoint year over year vs. consensus of $373.61M. The company updated its full year adjusted EBITDA to reflect a range starting at $37 million and the high-end exceeding $40 million, up more than 50 percent at the midpoint year over year.
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CECO Environmental reports Q2 earnings beat; raises FY22 outlook