Eye catching report on CECO Environmental Corp. (NASDAQ: CECE) 3rd quarter

Cash and cash equivalents were $ 29.0 M and bank debt was $ 69.4 M since September 30, 2019, contrast with $ 43.7 M and $ 76.1 M, respectively, as of December 31, 2018.

On Friday, CECO Environmental Corp. (NASDAQ: CECE) oscillated between $7.74 and $7.94 before concluding trading duration lower -2.39% at $7.77. The stock recorded overall trading amount of 50.84 K shares as compared to its a typical volume of 62.18 K shares. The company has a total market worth of $270.78 M and 34.85 M shares stay exceptional.

Running income was $ 4.1 M for the 3rd quarter of 2019, contrast with an operating loss of $ 10.4 M in the prior-year period. The operating loss in 2018 consisted of a $ 15.1 M non-cash impairment charge related to the sale of our Zhongli company. Non-GAAP operating income was $ 7.0 M for the third quarter of 2019 (8.2% margin), contrast with $ 6.5 M in the prior-year duration (7.4% margin).

Net income was $ 1.9 M for the 3rd quarter of 2019, contrast with net loss of $ 12.9 M in the prior-year duration. Earnings on a non-GAAP basis was $ 4.2 M for the 3rd quarter of 2019, contrast with $ 3.5 M in the prior-year duration.

The stock rate switched -1.68% 50-Days Simple Moving Average -2.99% from 200-Days Simple Moving Average. The short ratio in the companys stock is documented at 16.50 and the short float is around of 3.35%.

Revenue in the 3rd quarter of 2019 was $ 85.3 M as contrast to $ 88.3 M in the prior-year duration. Not Including income of $ 1.6 M attributable to the divested company in 2018, natural earnings lowered 1.6%.

Net income per diluted share was $ 0.05 for the 3rd quarter of 2019, contrast with net loss per diluted share of $( 0.37 ) in the prior-year duration. Non-GAAP earnings per diluted share was $ 0.12 for the third quarter of 2019, contrast with $ 0.10 for the prior-year duration.

CECO Environmental Corp. (NASDAQ: CECE), just recently mentioned its financial results for the third quarter of 2019.

YEAR-TO-DATE RESULTS

Earnings was $9.3 M for the first nine months of 2019, contrast with bottom line of $( 8.1) M in the prior-year period. Earnings on a non-GAAP basis was $11.3 M for the very first nine months of 2019, contrast with $7.1 M in the prior-year period.

Earnings per diluted share was $0.26 for the first nine months of 2019, contrast with net loss per diluted share of $0.23 in the prior-year period. Non-GAAP net earnings per diluted share was $0.32 for the first 9 months of 2019, contrast with $0.21 for the prior-year duration.

On Friday, CECO Environmental Corp. (NASDAQ: CECE) oscillated in between $7.74 and $7.94 before concluding trading duration lower -2.39% at $7.77. The stock tape-recorded total trading amount of 50.84 K shares as compared to its an average volume of 62.18 K shares. The company has an overall market worth of $270.78 M and 34.85 M shares remain exceptional.

Operating income was $11.0 M for the very first 9 months of 2019 (4.4% margin), contrast with $4.3 M in the prior-year duration (1.8% margin). Operating income on a non-GAAP basis was $18.6 M for the first 9 months of 2019 (7.4% margin), contrast with $15.7 M in the prior-year period (6.4% margin).

Income in the first nine months of 2019 was $252.5 M, up 3.7% from $243.5 M in the prior-year duration. Not Including earnings of $9.3 M attributable to business divested in 2018, natural profits increased 7.8%.

Teresa Perez

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