CECO Environmental Stock Slips On Missing Q3 Estimates

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  • CECO Environmental Corp (NASDAQ: CECE) reported third-quarter revenue of $79.97 million, an increase of 3.3% year-over-year, missing the consensus of $81.3 million.
  • Adjusted EPS decreased to $0.01 from $0.11 in 3Q20, missing the consensus of $0.11
  • The gross margin contracted by 360 bps to 28.4%. The adjusted operating income decreased to $1.8 million from $5.6 million a year ago, while the corresponding margin contracted by 530 bps to 2.3%.
  • Adjusted EBITDA was $3.5 million, compared to $7.3 million in …

Full story available on Benzinga.com

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