Ceco Environmental Corp is a leading provider of environmental solutions, specializing in innovative technologies that help industries manage air, water, and waste challenges
The company designs and manufactures a wide range of products and services aimed at reducing emissions, enhancing energy efficiency, and ensuring compliance with environmental regulations. With a strong focus on sustainability, Ceco serves various sectors, including manufacturing, power generation, oil and gas, and government entities, helping them achieve their environmental goals while maintaining operational efficiency. Through its commitment to quality and customer service, Ceco Environmental fosters a cleaner, healthier environment for communities worldwide.
Looking back on gas and liquid handling stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including CECO (NASDAQCECO) and its peers.
CECO currently trades at $31 and has been a dream stock for shareholders. It’s returned 282% since December 2019, more tripling the S&P 500’s 91.2% gain. The company has also beaten the index over the past six months as its stock price is up 28.6%.
Let’s dig into the relative performance of Flowserve (NYSEFLS) and its peers as we unravel the now-completed Q3 gas and liquid handling earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gas and liquid handling stocks fared in Q3, starting with Gorman-Rupp (NYSEGRC).
Air quality and fluid handling company CECO (NASDAQCECO) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 9.3% year on year to $135.5 million. The company’s full-year revenue guidance of $587.5 million at the midpoint also came in 3.2% below analysts’ estimates. Its non-GAAP profit of $0.14 per share was also 29.4% below analysts’ consensus estimates.
