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CECO orders nearly triple as power projects push backlog above $1.8 billion
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Market Business News
CECO Environmental reported second-quarter orders of $798.5 million, up 191% from a year earlier, as power-generation projects and the acquisition of Thermon pushed its backlog to a record $1.82 billion.
Power generation accounts for half of CECO backlogApproximately half of CECO’s backlog relates to power-generation projects.
CECO begins selling Thermon products through existing projectsCECO completed the approximately $2.2 billion acquisition of Thermon on June 1.
Thermon contributed $49.6 million in revenue during its first month as part of CECO, while standalone CECO revenue reached a company record of approximately $235 million.
CECO raises 2026 forecastCECO now expects full-year revenue of between $1.3 billion and $1.375 billion.