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CECO Environmental reports Q4 profits up 26%, with record backlog and analyst optimism for 2025.
CECO Environmental reported strong Q4 earnings, with profits up 26% to $0.13 per share, and adjusted earnings of $0.27 per share, beating analyst estimates.
Revenue increased 3.2% to $158.566 million.
The company saw a 71% increase in orders to $218.9 million, raising year-end backlog to a record $540.9 million.
With a "Moderate Buy" rating and average target price of $36.20, analysts are optimistic about CECO's 2025 outlook of $700 to $750 million in revenue.
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CECO Environmental reporta un aumento de los beneficios del 4T del 26%, con una cartera de pedidos récord y optimismo de los analistas para 2025.