CECO on Nasdaq
CECO ENVIRONMENTAL CORP
American industrial and commercial fans and blowers and air purifing equip company1
In its 2026 annual report the company says: “We help companies grow their businesses with safe, clean, and more efficient solutions that help protect people, the environment, and industrial equipment.”4 It is headquartered in Addison, Texas.1 Its shares trade on Nasdaq under the symbol CECO.1
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Last updated Oct 21, 2026.
Overview
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- TickerCECO on Nasdaq1
- IndustryIndustrial & Commercial Fans & Blowers & Air Purifing Equip1
- HeadquartersAddison, Texas1
- Incorporated inDE2
- Business address5080 Spectrum Drive, Suite 800E, Addison, Tx 750012
- Filer categoryLarge accelerated filer2
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CECO Environmental Corp. (“CECO”, “we”, “us”, “our” or the “Company”) is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally by providing innovative technology and application expertise. We help companies grow their businesses with safe, clean, and more efficient solutions that help protect people, the environment, and industrial equipment. Our solutions improve air and water quality, optimize emissions management, and increase the energy and process efficiency for highly engineered applications in power generation, midstream and downstream hydrocarbon processing and transport, chemical processing, electric vehicle production, polysilicon fabrication, semiconductor and electronics production, battery production and recycling, specialty metals, aluminum and steel productio…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
34.8%Gross margin5
13.7%Operating margin5
6.5%Net margin5
38.8%Revenue growth, 20255
15.8%Return on equity5
0.66×Debt to equity5
-$5.5MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Engineered Systems brought in 70% of the revenue CECO ENVIRONMENTAL CORP broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Engineered Systems | $380.1M | $384.0M | $544.3M |
| Industrial Process Solutions | $164.7M | $173.9M | $230.1M |
Regions
United States brought in 66% of the revenue CECO ENVIRONMENTAL CORP broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $364.5M | $376.3M | $513.5M |
| Other | $53.5M | $35.4M | $92.8M |
| Netherlands | $51.1M | $52.6M | $63.0M |
| United Kingdoms | $51.1M | $63.0M | $56.3M |
| [Canada] | $24.7M | $30.6M | $48.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue63¢$505.2M
- Selling, general and admin25¢$200.7M
- Interest3¢$20.9M
- Income tax4¢$29.7M
- Profit6¢$50.1M
Out of $774.4M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$11.3M
Out of $5.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $774.4M | $557.9M | $544.8M |
| Cost of sales | $505.2M | $361.8M | $373.8M |
| Gross profit | $269.2M | $196.1M | $171.0M |
| Selling and administrative expenses | $200.7M | $146.7M | $122.9M |
| Amortization expenses | $16.2M | $8.7M | $7.4M |
| Acquisition and integration expenses | $9.6M | $4.2M | $2.5M |
| Gain on sale of Global Pump Solutions business | -$63.7M | $0 | $0 |
| Other operating expense | $619.0K | $1.1M | $3.5M |
| Total consolidated income from operations | $105.9M | $35.4M | $34.6M |
| Other expense (income) | $2.1M | $4.7M | -$372.0K |
| Interest expense | $20.9M | $13.0M | $13.4M |
| Total income before income taxes | $82.8M | $17.7M | $21.5M |
| Income tax expense | $29.7M | $3.3M | $7.0M |
| Net income | $53.1M | $14.4M | $14.5M |
| Noncontrolling interest | $3.1M | $1.5M | $1.6M |
| Net income attributable to CECO Environmental Corp. | $50.1M | $13.0M | $12.9M |
| Basic | $1.42 | $0.37 | $0.37 |
| Diluted | $1.37 | $0.36 | $0.37 |
| Basic | 35.3M shares | 34.9M shares | 34.7M shares |
| Diluted | 36.6M shares | 36.4M shares | 35.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $33.1M | $37.8M | ||
| Restricted cash | $83.0K | $369.0K | ||
| Accounts receivable, net of allowances of $9,866 and $8,863 | $172.9M | $159.6M | $112.7M | |
| Costs and estimated earnings in excess of billings on uncompleted contracts | $115.6M | $69.9M | $66.6M | |
| Inventories | $54.0M | $42.6M | ||
| Prepaid expenses and other current assets | $29.4M | $16.9M | ||
| Prepaid income taxes | $5.0M | $3.8M | ||
| Total current assets | $410.2M | $331.0M | ||
| Property, plant and equipment, net | $47.8M | $33.8M | ||
| Right-of-use assets from operating leases | $28.3M | $25.1M | ||
| Goodwill | $288.2M | $269.7M | $211.3M | |
| Intangible assets finite life, net | $97.0M | $74.0M | ||
| Intangible assets indefinite life | $9.7M | $9.5M | $9.6M | |
| Deferred income tax assets | $449.0K | $966.0K | ||
| Deferred charges and other assets | $12.2M | $15.6M | ||
| Total assets | $893.8M | $759.7M | ||
| Current portion of debt | $1.9M | $1.6M | ||
| Accounts payable | $117.8M | $109.7M | ||
| Accrued expenses | $57.6M | $47.5M | ||
| Billings in excess of costs and estimated earnings on uncompleted contracts | $123.7M | $81.5M | ||
| Notes payable | $0 | $1.7M | ||
| Income taxes payable | $4.7M | $2.6M | ||
| Total current liabilities | $305.8M | $244.7M | ||
| Other liabilities | $3.3M | $14.4M | ||
| Debt, less current portion | $210.6M | $217.2M | ||
| Deferred income tax liabilities, net | $27.9M | $11.3M | ||
| Operating lease liabilities | $23.0M | $20.2M | ||
| Total liabilities | $570.6M | $507.8M | ||
| Preferred stock, $0.01 par value; 10,000 shares authorized, none issued | $0 | $0 | ||
| Common stock, $0.01 par value; 100,000,000 shares authorized, 35,644,537 and 34,978,009 shares issued and outstanding at December 31, 2025 and 2024, respectively | $355.0K | $349.0K | ||
| Capital in excess of par value | $269.5M | $255.2M | ||
| Retained earnings | $56.6M | $6.6M | ||
| Accumulated other comprehensive loss | -$8.9M | -$14.4M | -$16.3M | -$18.0M |
| Total CECO shareholders equity | $317.5M | $247.7M | ||
| Noncontrolling interest | $5.7M | $4.2M | ||
| Total shareholders' equity | $323.2M | $251.9M | $237.5M | $218.1M |
| Total liabilities and shareholders equity | $893.8M | $759.7M | ||
| Allowance for doubtful accounts | $9.9M | $8.9M | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 10.0K shares | 10.0K shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 35.6M shares | 35.0M shares | ||
| Common Stock, shares outstanding | 35.6M shares | 35.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $33.1M | $37.8M | ||
| Restricted cash | $83.0K | $369.0K | ||
| Accounts receivable, net of allowances of $9,866 and $8,863 | $172.9M | $159.6M | $112.7M | |
| Costs and estimated earnings in excess of billings on uncompleted contracts | $115.6M | $69.9M | $66.6M | |
| Inventories | $54.0M | $42.6M | ||
| Prepaid expenses and other current assets | $29.4M | $16.9M | ||
| Prepaid income taxes | $5.0M | $3.8M | ||
| Total current assets | $410.2M | $331.0M | ||
| Property, plant and equipment, net | $47.8M | $33.8M | ||
| Right-of-use assets from operating leases | $28.3M | $25.1M | ||
| Goodwill | $288.2M | $269.7M | $211.3M | |
| Intangible assets finite life, net | $97.0M | $74.0M | ||
| Intangible assets indefinite life | $9.7M | $9.5M | $9.6M | |
| Deferred income tax assets | $449.0K | $966.0K | ||
| Deferred charges and other assets | $12.2M | $15.6M | ||
| Total assets | $893.8M | $759.7M | ||
| Current portion of debt | $1.9M | $1.6M | ||
| Accounts payable | $117.8M | $109.7M | ||
| Accrued expenses | $57.6M | $47.5M | ||
| Billings in excess of costs and estimated earnings on uncompleted contracts | $123.7M | $81.5M | ||
| Notes payable | $0 | $1.7M | ||
| Income taxes payable | $4.7M | $2.6M | ||
| Total current liabilities | $305.8M | $244.7M | ||
| Other liabilities | $3.3M | $14.4M | ||
| Debt, less current portion | $210.6M | $217.2M | ||
| Deferred income tax liabilities, net | $27.9M | $11.3M | ||
| Operating lease liabilities | $23.0M | $20.2M | ||
| Total liabilities | $570.6M | $507.8M | ||
| Preferred stock, $0.01 par value; 10,000 shares authorized, none issued | $0 | $0 | ||
| Common stock, $0.01 par value; 100,000,000 shares authorized, 35,644,537 and 34,978,009 shares issued and outstanding at December 31, 2025 and 2024, respectively | $355.0K | $349.0K | ||
| Capital in excess of par value | $269.5M | $255.2M | ||
| Retained earnings | $56.6M | $6.6M | ||
| Accumulated other comprehensive loss | -$8.9M | -$14.4M | -$16.3M | -$18.0M |
| Total CECO shareholders equity | $317.5M | $247.7M | ||
| Noncontrolling interest | $5.7M | $4.2M | ||
| Total shareholders' equity | $323.2M | $251.9M | $237.5M | $218.1M |
| Total liabilities and shareholders equity | $893.8M | $759.7M | ||
| Allowance for doubtful accounts | $9.9M | $8.9M | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 10.0K shares | 10.0K shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 35.6M shares | 35.0M shares | ||
| Common Stock, shares outstanding | 35.6M shares | 35.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $53.1M | $14.4M | $14.5M |
| Depreciation and amortization | $24.9M | $14.5M | $12.5M |
| Unrealized foreign currency (gain) loss | -$2.1M | $2.7M | -$1.0M |
| Gain on sale of Global Pump Solutions business | -$63.7M | $0 | $0 |
| Loss realized with transfer of pension plan with sale of Global Pump Solutions business | $2.1M | $0 | $0 |
| Fair value adjustments to earnout liabilities | -$7.4M | $134.0K | $296.0K |
| Loss on sale of property and equipment | $60.0K | $191.0K | $110.0K |
| Debt discount amortization | $834.0K | $498.0K | $427.0K |
| Share-based compensation expense | $13.1M | $7.5M | $4.5M |
| Provision for credit (recovery) loss | -$988.0K | $295.0K | $1.6M |
| Inventory obsolescence expense | -$354.0K | $1.1M | $1.1M |
| Deferred income tax expense (benefit) | $6.3M | -$3.6M | -$118.0K |
| Accounts receivable | -$6.8M | -$52.4M | -$26.9M |
| Cost and estimated earnings of billings on uncompleted contracts | -$44.8M | -$4.1M | $5.0M |
| Inventories | -$3.2M | -$9.8M | -$6.9M |
| Prepaid expenses and other current assets | -$16.8M | -$8.3M | $1.2M |
| Deferred charges and other assets | -$79.0K | -$12.7M | -$1.4M |
| Accounts payable | $7.2M | $36.2M | $13.9M |
| Accrued expenses | $13.8M | $7.1M | $8.3M |
| Billings in excess of costs and estimated earnings on uncompleted contracts | $37.9M | $24.9M | $21.6M |
| Income taxes (receivable) payable | $2.0M | $1.4M | -$2.0M |
| Other liabilities | -$9.2M | $4.9M | -$2.1M |
| Net cash provided by operating activities | $5.9M | $24.8M | $44.6M |
| Acquisitions of property and equipment | -$11.3M | -$17.4M | -$8.4M |
| Net cash proceeds for sale of Global Pump Solutions business | $107.8M | $0 | $0 |
| Net proceeds from sale of assets | $74.0K | $4.0K | $0 |
| Cash paid for acquisitions, net of cash acquired | -$97.6M | -$87.9M | -$48.1M |
| Net cash used in investing activities | -$1.1M | -$105.3M | -$56.5M |
| Borrowings on revolving credit lines | $233.3M | $309.3M | $106.6M |
| Repayments on revolving credit lines. | -$238.9M | -$112.4M | -$150.6M |
| Borrowings of long-term debt | $0 | $0 | $75.0M |
| Repayments of long-term debt | -$2.2M | -$114.0M | -$5.0M |
| Deferred financing fees paid | $0 | -$1.9M | -$363.0K |
| Deferred consideration paid for acquisitions | -$2.8M | -$2.0M | -$1.2M |
| Payments on financing leases | -$234.0K | -$925.0K | -$907.0K |
| Earnout payments | $0 | -$2.8M | -$2.1M |
| Equity awards surrendered by employees for tax liability, net of proceeds from employee stock purchase plan and exercise of stock options | $872.0K | -$2.2M | $1.4M |
| Non-controlling interest distributions | -$1.6M | -$2.1M | -$1.7M |
| Common stock repurchases | $0 | -$5.0M | $0 |
| Net cash (used in) provided by financing activities | -$11.6M | $65.9M | $21.1M |
| Effect of exchange rate changes on cash and cash equivalents | $1.8M | -$2.7M | -$442.0K |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -$5.0M | -$17.2M | $8.9M |
| Interest | $20.4M | $13.3M | $12.1M |
| Income taxes | $24.7M | $9.6M | $9.9M |
No quarter-by-quarter statement was filed.
Corporate structure
CECO ENVIRONMENTAL CORP sits at the top of its group. 33 entities, 12 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CECO ENVIRONMENTAL CORP
- AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Aug 14, 2026 (4 filings since Feb 4, 2022)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Aug 14, 2026 (2 filings since May 15, 2026)
- FMR LLC Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Aug 6, 2026 (3 filings since Feb 12, 2025)
- Jason Louis Dezwirek Filed SCHEDULE 13D/A on CECO ENVIRONMENTAL CORP, latest Feb 26, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Jan 30, 2026 (2 filings since Oct 30, 2025)
- Hood River Capital Management LLC Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Nov 14, 2025 (2 filings since May 15, 2025)
- Capital International Investors Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Nov 13, 2025 (2 filings since Nov 13, 2024)
- BlackRock Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Jul 16, 2025 (4 filings since Feb 1, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on CECO ENVIRONMENTAL CORP, latest Apr 15, 2025 (5 filings since Feb 8, 2022)
- Trigran Investments, Inc. Filed SC 13G/A on CECO ENVIRONMENTAL CORP, latest Feb 10, 2023 (3 filings since Feb 10, 2022)
- KING LUTHER CAPITAL MANAGEMENT CORP Filed SC 13D/A on CECO ENVIRONMENTAL CORP, latest Jan 6, 2023 (2 filings since Aug 17, 2022)
- TRIGRAN INVESTMENTS LP Filed SC 13G/A on CECO ENVIRONMENTAL CORP, latest Feb 10, 2022
- CECO ENVIRONMENTAL CORP Addison, Texas
- Aarding Thermal Acoustics B.V. Subsidiary · Netherlands
- Arkanum Management Limited Subsidiary · United Kingdom
- CECO Environmental (Shanghai) Co., Ltd. Subsidiary · China
- CECO Environmental Arabia Limited Subsidiary · Saudi Arabia
- CECO Environmental Asia Pacific Pte. Ltd. Subsidiary · Singapore
- CECO Environmental Mexico S. de R. L. de C. V. Subsidiary · Mexico
- CECO Environmental Middle East DMCC Subsidiary · United Arab Emirates
- CECO Environmental Netherlands B.V. Subsidiary · Netherlands
- CECO Environmental Solutions India Private Limited Subsidiary · India
- CECO Environmental Technologies DWC-LLC (Newly incorporated) Subsidiary · United Arab Emirates
- CECO Peerless (China) Environmental Co. Ltd. Subsidiary · China
- CECO Peerless (China) Environmental Co., Ltd. - Shanghai Branch Subsidiary · China
- DS21 Co., Ltd. Subsidiary · South Korea
- Emtrol LLC - UK Branch Subsidiary · United Kingdom
- Emtrol Ltd. Subsidiary · Canada
- Environmental Integrated Solutions Limited Subsidiary · United Kingdom
- Flextor, Inc. Subsidiary · Canada
- Malvar Engineering Limited Subsidiary · United Kingdom
- Mefiag B.V. Subsidiary · Netherlands
- Peerless Europe Ltd. Subsidiary · United Kingdom
- Peerless Europe, Ltd - Dubai Branch Subsidiary · United Arab Emirates
- Prochem, ULC Subsidiary · Canada
- Profire Combustion, Inc. Subsidiary · Canada
- Verantis (Singapore) Pte. Ltd. Subsidiary · Singapore
- Verantis Environmental Solutions (India) Private Limited Subsidiary · India
- and 7 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CECO ENVIRONMENTAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $78.2M5 Dec 31, 2025 | $75.0M5 Dec 31, 2024 | +4.3% |
| Accumulated depreciation | $30.4M5 Dec 31, 2025 | $41.2M5 Dec 31, 2024 | −26.1% |
| Property and equipment, net | $47.8M5 Dec 31, 2025 | $33.8M5 Dec 31, 2024 | +41.4% |
| Finance-lease assets | $05 Dec 31, 2025 | $1.7M5 Dec 31, 2024 | −100.0% |
| Operating-lease assets (leased space) | $28.3M5 Dec 31, 2025 | $25.1M5 Dec 31, 2024 | +12.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $33.1M5 Dec 31, 2025 | $37.8M5 Dec 31, 2024 | −12.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $288.2M5 Dec 31, 2025 | $269.7M5 Dec 31, 2024 | +6.8% |
| Indefinite-lived intangibles (excluding goodwill) | $9.7M5 Dec 31, 2025 | $9.5M5 Dec 31, 2024 | +2.5% |
| Finite-lived intangibles, gross | $180.4M5 Dec 31, 2025 | $163.7M5 Dec 31, 2024 | +10.2% |
| Accumulated amortization | $83.4M5 Dec 31, 2025 | $89.7M5 Dec 31, 2024 | −7.0% |
| Finite-lived intangibles, net | $97.0M5 Dec 31, 2025 | $74.0M5 Dec 31, 2024 | +30.9% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $54.0M5 Dec 31, 2025 | $42.6M5 Dec 31, 2024 | +26.7% |
| Raw materials | $16.7M5 Dec 31, 2025 | $27.5M5 Dec 31, 2024 | −39.0% |
| Work in process | $18.0M5 Dec 31, 2025 | $14.5M5 Dec 31, 2024 | +24.0% |
| Finished goods | $20.8M5 Dec 31, 2025 | $4.3M5 Dec 31, 2024 | +378.6% |
Properties, in its own words
The Company has 51 principal operating facilities across 13 states and 10 countries. The Company’s executive offices are located in Addison, Texas. We maintain our facilities in good operating condition, and we believe they are suitable and adequate for the purposes for which they are intended to conduct business. Our current capacity, with limited capital additions, is expected to be sufficient to meet production requirements for the near future. It is anticipated that most leases coming due in the near future will be renewed at expiration. The property we own is subject to collateral mortgages to secure the amounts owed under the Credit Facility. Information on the number and location of principal operating facilities by segment was as follows as of December 31, 2025:
Location of Facilities
The rest of Item 2
Segment · Owned · Leased · States · Countries
Engineered Systems Segment · 4 · 27 · Arizona, California, Colorado, Connecticut, Florida, New York, Ohio, Oklahoma, Pennsylvania, Texas, Utah · Canada, China, India, Netherlands, Republic of Korea, United Arab Emirates, United Kingdom, United States
Industrial Process Solutions Segment · — · 18 · California, Michigan, New York, North Carolina, Ohio, Tennessee · Germany, Singapore, United Kingdom, United States
Corporate · — · 2 · Ohio, Texas · United States
4 · 47
Item 2 of the 10-K filed Mar 2, 2026.4
Leadership
Who has led CECO ENVIRONMENTAL CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerTodd R. Gleason Jul 7, 2020 to now13
- Chief executive officerDennis Sadlowski Mar 13, 2017 to Jun 15, 202014
- Chief executive officerJeffrey Lang Feb 18, 2010 to Dec 28, 201615
- Chief executive officerPhillip Dezwirek Jan 10, 2006 to Nov 30, 200916
- ChairPhillip Dezwirek Mar 31, 2010 to Dec 4, 201217
- PresidentJeffrey Lang Sep 6, 2013 to Dec 28, 201618
- Chief financial officerPeter K. Johansson Aug 19, 2025 to now19
- Chief financial officerMatthew Eckl Jan 12, 2017 to Mar 17, 202220
- Chief financial officerEdward J. Prajzner May 27, 2014 to Jan 6, 201621
- Chief financial officerNeal E. Murphy Sep 5, 2013 to Jan 8, 201422
- Chief financial officerBenton Lowell Cook Oct 3, 2011 to Aug 29, 201323
- Chief financial officerDennis W. Blazer Jan 17, 2006 to Jan 22, 200824
- Chief operating officerRamesh Nuggihalli Apr 7, 2021 to Apr 3, 202325
- Chief operating officerChasity Henry Nov 12, 2021 to Nov 12, 202126
Board members and other officers (35)
- OfficerSam Weston Henderson Jan 12, 2026 to now27
- Chief Accounting OfficerKiril Kovachev Sep 8, 2023 to now28
- OfficerJoycelynn Watkins-Asiyanbi Aug 17, 2022 to now29
- OfficerPeter K. Johansson Aug 17, 2022 to now30
- OfficerChasity Henry Apr 21, 2021 to Nov 12, 202131
- Chief Accounting OfficerPaul M. Gohr May 16, 2017 to Apr 3, 202332
- VP CONTROLLERBenton Lowell Cook Feb 6, 2014 to Nov 22, 201633
- VP-Finance, Chief Actg OfficerEdward J. Prajzner Sep 11, 2013 to May 18, 201734
- SecretaryJason Louis Dezwirek Jan 10, 2006 to Dec 4, 201235
- Senior Vice President--SalesDavid Blum Jun 23, 2006 to Jun 7, 200736
- Board memberMarcus J. George Jun 3, 2026 to now37
- Board memberVictor L. Richey Jr. Jun 3, 2026 to now38
- Board memberLaurie Siegel Sep 11, 2023 to now39
- Board memberRobert E. Knowling Jr. Jul 11, 2022 to now40
- Board memberRichard F. Wallman Nov 8, 2021 to now41
- Board memberTodd R. Gleason Jul 7, 2020 to now13
- Board memberMunish Nanda Jun 12, 2018 to now42
- Board memberDavid B. Liner May 16, 2017 to Mar 17, 202343
- Board memberValerie Gentile Sachs May 16, 2016 to now44
- Board memberDennis Sadlowski May 19, 2016 to Jun 15, 202045
- Board memberClaudio A. Mannarino Jun 29, 2015 to now46
- Board memberLynn J. Lyall Jan 2, 2014 to Jan 6, 201447
- Board memberEric Michael Goldberg May 16, 2013 to May 26, 202148
- Board memberSeth Rudin May 16, 2013 to Nov 9, 201749
- Board memberJonathan Pollack May 19, 2011 to Aug 5, 202150
- Board memberJason D. Meretsky May 24, 2010 to May 17, 201251
- Board memberJeffrey Lang Sep 16, 2010 to Dec 28, 201652
- Board memberJason Louis Dezwirek Jan 10, 2006 to now35
- Board memberPhillip Dezwirek Jan 10, 2006 to Nov 30, 200916
- Board memberDonald Wright Mar 6, 2006 to May 18, 201753
- Board memberArthur Cape Jun 23, 2006 to Nov 30, 201554
- Board memberRonald E. Krieg Jun 23, 2006 to May 16, 201355
- Board memberThomas J. Flaherty Jun 23, 2006 to May 17, 201256
- General counselAlyson Noel Gregory Jan 16, 2026 to now57
- General counselJoycelynn Watkins-Asiyanbi Jul 11, 2022 to Jul 11, 202258
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Aarding Thermal Acoustics B.V. Netherlands3
- Arkanum Management Limited United Kingdom3
- CECO Environmental (Shanghai) Co., Ltd. China3
- CECO Environmental Arabia Limited Saudi Arabia3
- CECO Environmental Asia Pacific Pte. Ltd. Singapore3
- CECO Environmental Mexico S. de R. L. de C. V. Mexico3
- CECO Environmental Middle East DMCC United Arab Emirates3
- CECO Environmental Netherlands B.V. Netherlands3
- CECO Environmental Solutions India Private Limited India3
- CECO Environmental Technologies DWC-LLC (Newly incorporated) United Arab Emirates3
- CECO Peerless (China) Environmental Co. Ltd. China3
- CECO Peerless (China) Environmental Co., Ltd. - Shanghai Branch China3
- DS21 Co., Ltd. Republic of Korea3
- Emtrol LLC - UK Branch United Kingdom3
- Emtrol Ltd. Canada3
- Environmental Integrated Solutions Limited United Kingdom3
- Flextor, Inc. Canada3
- Malvar Engineering Limited United Kingdom3
- Mefiag B.V. Netherlands3
- Peerless Europe Ltd. United Kingdom3
- Peerless Europe, Ltd - Dubai Branch United Arab Emirates3
- Prochem, ULC Canada3
- Profire Combustion, Inc. Canada3
- Verantis (Singapore) Pte. Ltd. Singapore3
All 32 listed subsidiaries
- Verantis Environmental Solutions (India) Private Limited India3
- Verantis Environmental Solutions Group (Shanghai) Co. Ltd. China3
- WK Asia-Pacific Environmental PTE. LTD. Singapore3
- WK Wärmetechnische Anlagen, Kessel- und Apparatebau GmbH Germany3
- WK-AP-China Environmental Co., Ltd. China3
- WK-Systems India Private Limited India3
- Wakefield Acoustics Limited United Kingdom3
- Western Air Ducts (UK) Limited United Kingdom3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 5, 20268-K Listing notice or transfer; Regulation FD disclosure59
- Aug 10, 20268-K Results of operations60
- Aug 3, 20268-K Financial statements and exhibits61
- Jun 9, 20268-K Regulation FD disclosure62
- Jun 1, 20268-K Completed an acquisition or sale; New debt or obligation; Executive or director change63
- May 28, 20268-K Executive or director change; Shareholder vote; Regulation FD disclosure64
- Apr 28, 20268-K Results of operations65
- Apr 2, 20268-K Entered a material agreement66
- Feb 24, 20268-K Results of operations67
- Feb 24, 20268-K Entered a material agreement; Regulation FD disclosure68
- Feb 4, 20268-K Entered a material agreement; New debt or obligation69
- Oct 28, 20258-K Results of operations70
- Jul 7, 2020New chief executive Todd R. Gleason becomes CEO13
- Mar 13, 2017New chief executive Dennis Sadlowski becomes CEO14
- Feb 18, 2010New chief executive Jeffrey Lang becomes CEO15
- Jan 10, 2006New chief executive Phillip Dezwirek becomes CEO16
Calendar
Coming up
- Around Nov 22, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Aug 10, 2026Reported quarterly or annual results60
- Apr 28, 2026Reported quarterly or annual results65
- Feb 24, 2026Reported quarterly or annual results67
- Oct 28, 2025Reported quarterly or annual results70
- Jul 29, 2025Reported quarterly or annual results71
- Apr 29, 2025Reported quarterly or annual results72
- Feb 25, 2025Reported quarterly or annual results73
- Jan 17, 2025Reported quarterly or annual results74
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
309 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 59 major events, 152 insider forms, 31 large holders, 47 other. The latest 20:
- Oct 5, 20268-K EDGAR
- Aug 18, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Aug 3, 20268-K/A EDGAR
- Jul 17, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 24, 2026144 EDGAR
- Jun 10, 20264 EDGAR
- Jun 9, 20268-K EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
The 309 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
48 open-market trades by officers, directors and large owners since October 2021: 32 buys and 16 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 25, 2026 | DEZWIREK JASONDirector | Sale | 34,000 | $97.28 | $3.3M | Form 4 |
| Jun 24, 2026 | DEZWIREK JASONDirector | Sale | 34,000 | $96.61 | $3.3M | Form 4 |
| Jun 24, 2026 | Johansson Peter K.SVP, Chief Financial Officer | Sale | 30,000 | $96.49 | $2.9M | Form 4 |
| Jun 1, 2026 | WALLMAN RICHARD FDirector | Buy | 20,000 | $76.85 | $1.5M | Form 4 |
| May 1, 2026 | Nanda MunishDirector | Sale | 11,218 | $74.00 | $830.1K | Form 4 |
| Apr 29, 2026 | WALLMAN RICHARD FDirector | Buy | 15,000 | $73.43 | $1.1M | Form 4 |
| Sep 22, 2025 | Gleason Todd RChief Executive Officer | Sale | 98,101 | $50.45 | $4.9M | Form 4 |
| Sep 19, 2025 | Gleason Todd RChief Executive Officer | Sale | 101,899 | $49.32 | $5.0M | Form 4 |
| Sep 18, 2025 | Gleason Todd RChief Executive Officer | Sale | 100,000 | $51.30 | $5.1M | Form 4 |
| Sep 5, 2025 | WALLMAN RICHARD FDirector | Buy | 3,000 | $46.93 | $140.8K | Form 4 |
| Aug 29, 2025 | WALLMAN RICHARD FDirector | Buy | 4,500 | $44.25 | $199.1K | Form 4 |
| Jul 31, 2025 | DEZWIREK JASONDirector | Sale | 30,000 | $43.54 | $1.3M | Form 4 |
| Jul 30, 2025 | DEZWIREK JASONDirector | Sale | 70,000 | $42.75 | $3.0M | Form 4 |
| Jul 30, 2025 | Mannarino Claudio ADirector | Sale | 20,000 | $41.51 | $830.3K | Form 4 |
| Mar 31, 2025 | Johansson Peter K.SVP, Chief Financial Officer | Sale | 22,500 | $22.80 | $513.0K | Form 4 |
| Mar 27, 2025 | Johansson Peter K.SVP, Chief Financial Officer | Sale | 5,601 | $24.15 | $135.3K | Form 4 |
| Feb 26, 2025 | WALLMAN RICHARD FDirector | Buy | 15,000 | $25.19 | $377.8K | Form 4 |
| Aug 30, 2024 | WALLMAN RICHARD FDirector | Buy | 10,000 | $28.77 | $287.7K | Form 4 |
| May 21, 2024 | WALLMAN RICHARD FDirector | Buy | 4,000 | $24.50 | $98.0K | Form 4 |
| May 21, 2024 | WALLMAN RICHARD FDirector | Buy | 4,000 | $24.50 | $98.0K | Form 4 |
All 48 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- AMERICAN CENTURY INVESTMENT MANAGEMENT INCSCHEDULE 13G/A, 4 filings Feb 4, 2022 to Aug 14, 202675
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202676
- FMR LLCSCHEDULE 13G/A, 3 filings Feb 12, 2025 to Aug 6, 202677
- Jason Louis DezwirekSCHEDULE 13D/A, 1 filing Feb 26, 202678
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Oct 30, 2025 to Jan 30, 202679
- Hood River Capital Management LLCSCHEDULE 13G/A, 2 filings May 15, 2025 to Nov 14, 202580
- Capital International InvestorsSCHEDULE 13G/A, 2 filings Nov 13, 2024 to Nov 13, 202581
- BlackRockSCHEDULE 13G/A, 4 filings Feb 1, 2022 to Jul 16, 202582
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 5 filings Feb 8, 2022 to Apr 15, 202583
- Trigran Investments, Inc.SC 13G/A, 3 filings Feb 10, 2022 to Feb 10, 202384
- KING LUTHER CAPITAL MANAGEMENT CORPSC 13D/A, 2 filings Aug 17, 2022 to Jan 6, 202385
- TRIGRAN INVESTMENTS LPSC 13G/A, 1 filing Feb 10, 202286
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Todd Gleason | $717.4K | $3.1M87 | |
| 2024 | Peter Johansson | $437.0K | $1.2M87 | |
| 2024 | Lynn Watkins-Asiyanbi | $392.5K | $1.0M87 | |
| 2023 | Chief Executive Officer | $515.3K | $5.6M87 | |
| 2023 | Chief Financial and Strategy | $389.4K | $2.0M87 | |
| 2023 | Chief Administrative and Legal Officer | $363.5K | $1.7M87 | |
| 2022 | Chief Executive Officer | $475.8K | $2.5M87 | |
| 2022 | Officer | $151.4K | $953.4K87 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Fmr LLC | 4,524,438 | $410.5M | 0.0% | +2,195,550 |
| BlackRock, Inc. | 4,323,986 | $392.4M | 0.0% | +2,038,709 |
| Vanguard Capital Management LLC | 2,339,252 | $212.3M | 0.0% | +1,006,783 |
| Dimensional Fund Advisors LP | 2,185,315 | $198.3M | 0.0% | +1,282,024 |
| American Century Companies Inc | 2,088,421 | $189.5M | 0.1% | +194,244 |
| Driehaus Capital Management LLC | 1,560,486 | $141.6M | 0.8% | +920,594 |
| Geode Capital Management, LLC | 1,460,389 | $132.5M | 0.0% | +604,256 |
| Divisadero Street Capital Management, LP | 1,329,817 | $120.7M | 2.8% | +1,142,217 |
| State Street Corp | 1,264,690 | $114.8M | 0.0% | +607,341 |
| Capital World Investors | 1,157,200 | $105.0M | 0.0% | +102,120 |
| Two Sigma Investments, LP | 1,013,412 | $92.0M | 0.1% | +53,714 |
| Needham Investment Management LLC | 957,500 | $86.9M | 2.6% | +570,000 |
| Jupiter Topco LLC | 949,904 | $86.2M | 0.0% | New |
| Royce & Associates LP | 842,317 | $76.4M | 0.6% | +14,536 |
| Emerald Advisers, LLC | 736,784 | $66.9M | 1.6% | +213,767 |
| King Luther Capital Management Corp | 716,925 | $65.1M | 0.3% | −33,158 |
| Invesco Ltd. | 667,929 | $60.6M | 0.0% | +630,973 |
| IES Holdings, Inc. | 623,527 | $56.6M | 18.2% | +55,000 |
| Arrowstreet Capital, Limited Partnership | 568,484 | $51.6M | 0.0% | +453,242 |
| First Eagle Investment Management, LLC | 548,644 | $49.8M | 0.0% | +306,133 |
| Northern Trust Corp | 492,491 | $44.7M | 0.0% | +240,617 |
| UBS Group AG | 475,224 | $43.1M | 0.0% | +274,117 |
| Emerald Mutual Fund Advisers Trust | 471,220 | $42.8M | 1.5% | +157,215 |
| Vanguard Portfolio Management LLC | 454,727 | $41.3M | 0.0% | +216,890 |
| Legal & General Group Plc | 445,900 | $40.5M | 0.0% | +45,428 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Aug 20, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −23.5% | Report |
| Jun 30, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −40.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How CECO ENVIRONMENTAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCECO ENVIRONMENTAL CORP1
- CIK0000003197
- Employer ID (EIN)13-25660644
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3564 Industrial & Commercial Fans & Blowers & Air Purifing Equip1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address5080 Spectrum Drive, Suite 800E, Addison, TX 750011
- Phone(513) 458-26001
- Shares outstanding58,569,830 as of Aug 3, 202611
- Public float$832.7M as of Jun 28, 20254
- AuditorDeloitte & Touche LLP,, Dallas, Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceAug 14, 19951
- Filings1,315 in all: 4 (479), 8-K (239), 10-Q (77), 425 (49), SC 13G/A (47), 4/A (39), 3 (37), DEF 14A (27)1
All 53 form types
10-K (24), UPLOAD (23), CORRESP (22), SC 13G (22), SC 13D/A (21), 5 (20), 10QSB (17), S-8 (15), 8-K/A (14), SC 13D (13), SD (13), DEFA14A (12), 424B3 (9), ARS (9), SCHEDULE 13G/A (9), 144 (7), 10KSB (6), EFFECT (6), S-4/A (6), S-3/A (5), SCHEDULE 13G (5), NT 10-K (4), S-3 (4), 10-Q/A (3), 10QSB/A (3), PRE 14A (3), S-4 (3), 10-K/A (2), FWP (2), POS AM (2), PRER14A (2), S-8 POS (2), 10-C (1), 10-K405 (1), 10KSB/A (1), 424B1 (1), D (1), NT 10-Q (1), POS EX (1), REGDEX/A (1), S-1 (1), S-1/A (1), S-3ASR (1), S-3D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 2, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 10, 2025
Latest 8-K (8-K) Oct 5, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | CECO | The NASDAQ Stock Market LLC |
From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks CECO ENVIRONMENTAL CORP names in Item 1A of its 10-K filed Mar 2, 2026: 48 risks under these headings, as written.4
- Risks Related to Our Business and Industry
- Our business may be adversely affected by global economic conditions.
- Our dependence upon fixed-price contracts could adversely affect our operating results.
- Accounting for contract revenue may result in material adjustments that would adversely affect our financial condition and results of operations.
- Our inability to deliver our backlog on time could affect our future sales and profitability, and our relationships with our customers.
- Volatility of oil and natural gas prices can adversely affect demand for our products and services.
- Increasing costs for manufactured components, raw materials, transportation, health care and energy prices may adversely affect our profitability.
- Our financial performance may vary significantly from period to period.
- Customers may cancel or delay projects. As a result, our backlog may not be indicative of our future revenue.
- We face significant competition in the markets we serve.
- We may incur material costs as a result of existing or future product liability claims, or other claims and litigation that could adversely affect our financial condition, results of operations and cash flows; and our insurance coverage may not cover all claims or may be insufficient to cover the claims.
- Liability to customers under warranties may adversely affect our reputation, our ability to obtain future business and our results of operations.
The other 37 risks
- Risks Related to our Business Model and Capital Structure
- Our gross profit may be affected by shifts in our product mix.
- Our manufacturing operations are dependent on third-party suppliers.
- Our use of subcontractors could potentially harm our profitability and business reputation.
- A significant portion of our accounts receivable are related to larger contracts, which increases our exposure to credit risk.
- Changes in billing terms can increase our exposure to working capital and credit risk.
- Currency fluctuations may reduce profits on our foreign sales or increase our costs, either of which could adversely affect our financial results.
- If our goodwill or indefinite lived intangibles become impaired, we may be required to recognize charges that would adversely impact our results of operations.
- We may incur costs as a result of certain restructuring activities, which may negatively impact our financial results, and we may not achieve some or all of the expected benefits of our restructuring plans.
- We are party to asbestos-containing product litigation that could adversely affect our financial condition, results of operations and cash flows.
- We have $214.2 million of indebtedness as of December 31, 2025, and incurrence of additional indebtedness could adversely affect our ability to operate our business, remain in compliance with debt covenants, make payments on our debt and limit our growth.
- We might be unable to protect our intellectual property rights and our products could infringe the intellectual property rights of others, which could expose us to costly disputes.
- We have made and may make future acquisitions or divestitures, which involve numerous risks that could impact our financial condition, results of operations and cash flows.
- Societal responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers.
- Global climate change and related emphasis on environmental, social and governance ("ESG") matters by various stakeholders could negatively affect our business.
- Risks Related to Human Capital Management
- The loss of key personnel or inability to attract and retain additional personnel could affect our ability to successfully grow our business.
- Work stoppages or similar difficulties could significantly disrupt our operations.
- Information Technology and Cybersecurity Risks
- Our dependence on information systems and the failure of such systems, could significantly disrupt our business and negatively affect our financial condition, results of operations and cash flows.
- Artificial Intelligence integration by third-party suppliers could pose a risk to our systems, networks, and products.
- Increased information technology cybersecurity threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, and products.
- Regulatory Compliance and International Operations Risks
- Disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business could negatively impact our business, financial condition and profits.
- We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar anti-bribery laws worldwide.
- Our business can be significantly affected by changes in regulatory standards.
- Changes in current environmental legislation and enforcement could have an adverse impact on the sale of our environmental control systems and products and on our financial condition, results of operations and cash flows.
- Changes in laws or regulations or the manner of their interpretation or enforcement could adversely impact our financial performance and restrict our ability to operate our business or execute our strategies.
- Risks Related to Our Common Stock
- The market price of our common stock may be volatile or may decline regardless of our operating performance and investors may not be able to resell shares they purchase at their purchase price.
- We are not currently paying dividends and cannot make assurances that we will pay dividends on our common stock and our indebtedness could limit our ability to pay dividends.
- Our ability to issue preferred stock could adversely affect the rights of holders of our common stock.
- Certain provisions in our charter documents have anti-takeover effects.
- Risks Related to Internal Control over Financial Reporting
- We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses and maintain adequate internal controls, we may not be able to accurately report our financial results in a timely manner, which may adversely affect investor confidence in us and materially and adversely affect our business.
- There are inherent limitations in all internal control systems over financial reporting, and misstatements due to error or fraud may occur and not be detected.
- Risks Related to the Proposed Transaction with Thermon Group Holdings, Inc.
- The proposed transaction may not be completed on the anticipated timeline, or at all, which could adversely affect our business, financial condition, results of operations and the market price of our common stock.
- The Merger Agreement restricts our ability to pursue alternative transactions and may require us to pay a termination fee under certain circumstances.
- Even if the Merger is completed, we may be unable to successfully integrate Thermon’s business or realize the anticipated benefits of the proposed transaction, which may have a material adverse effect on our business, financial condition or results of operations.
- The issuance of shares of the Company’s common stock in connection with the merger will dilute existing stockholders and may adversely affect the market price of our common stock.
- We have incurred additional costs in connection with the Merger, which will continue during 2026.
- Securities class action and derivative lawsuits may be brought against us in connection with the Merger, which could result in substantial costs.
Legal proceedings
See Note 12 to the Consolidated Financial Statements contained in Part II, Item 8 of this Annual Report on Form 10-K for information regarding legal proceedings in which we are involved.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARPhillip Dezwirek, Chair
- 18SEC EDGARJeffrey Lang, President
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- 27SEC EDGARSam Weston Henderson, Officer
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- 29SEC EDGARJoycelynn Watkins-Asiyanbi, Officer
- 30SEC EDGARPeter K. Johansson, Officer
- 31SEC EDGARChasity Henry, Officer
- 32
- 33SEC EDGARBenton Lowell Cook, VP CONTROLLER
- 34
- 35SEC EDGARJason Louis Dezwirek, Secretary
- 36
- 37SEC EDGARMarcus J. George, Board member
- 38SEC EDGARVictor L. Richey Jr., Board member
- 39SEC EDGARLaurie Siegel, Board member
- 40SEC EDGARRobert E. Knowling Jr., Board member
- 41SEC EDGARRichard F. Wallman, Board member
- 42SEC EDGARMunish Nanda, Board member
- 43SEC EDGARDavid B. Liner, Board member
- 44SEC EDGARValerie Gentile Sachs, Board member
- 45SEC EDGARDennis Sadlowski, Board member
- 46SEC EDGARClaudio A. Mannarino, Board member
- 47SEC EDGARLynn J. Lyall, Board member
- 48SEC EDGAREric Michael Goldberg, Board member
- 49SEC EDGARSeth Rudin, Board member
- 50SEC EDGARJonathan Pollack, Board member
- 51SEC EDGARJason D. Meretsky, Board member
- 52SEC EDGARJeffrey Lang, Board member
- 53SEC EDGARDonald Wright, Board member
- 54SEC EDGARArthur Cape, Board member
- 55SEC EDGARRonald E. Krieg, Board member
- 56SEC EDGARThomas J. Flaherty, Board member
- 57SEC EDGARAlyson Noel Gregory, General counsel
- 58
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- 60SEC EDGARResults of operations
- 61SEC EDGARFinancial statements and exhibits
- 62SEC EDGARRegulation FD disclosure
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- 65SEC EDGARResults of operations
- 66SEC EDGAREntered a material agreement
- 67SEC EDGARResults of operations
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- 70SEC EDGARResults of operations
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