CECO Environmental Boosts FY23 Revenue Outlook As Q2 Revenue Tops Estimates

RTTNews | 647天前
CECO Environmental Boosts FY23 Revenue Outlook As Q2 Revenue Tops Estimates

(RTTNews) - CECO Environmental Corp. (CECO) reported Tuesday the net income attributable to CECO for the second quarter declined to $3.72 million or $0.11 per share from $4.39 million or $0.13 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.15 per share, compared to $0.18 per share in the year-ago quarter.

Revenues for the quarter increased 23 percent to $129.18 million from $105.38 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share on revenues of $117.77 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects revenues between $500 million and $525 million, up from the prior forecast for revenues greater than $485 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
CECO Environmental Expects Q4 Orders To Exceed $145 Mln

CECO Environmental Expects Q4 Orders To Exceed $145 Mln

CECO Environmental Corp. (CECO) announced Tuesday it expects orders for the fourth quarter of 2022 to exceed $145 million, an increase of at least $55 million, or 60 percent, over the prior-year quarter and $43 million, or 42 percent, on a sequential basis, providing CECO with year-end backlog at or near record levels.
RTTNews | 857天前
Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
RTTNews | 24分钟前
NZ Dollar Rebounds Against Majors

NZ Dollar Rebounds Against Majors

The New Zealand dollar rebounded from recent lows against other major currencies in the Asian session on Friday.
RTTNews | 1小时43分钟前
Malaysia GDP Growth Softens As Estimated

Malaysia GDP Growth Softens As Estimated

Malaysia's economic growth slowed to the weakest in a year in the first quarter, as estimated, and the economy is projected to log weaker growth this year than the official estimate due to trade tensions. Gross domestic product advanced 4.4 percent on a yearly basis in the first quarter, slower than the revised 4.9 percent growth posted in the fourth quarter, data from the Bank Negara Malaysia re
RTTNews | 1小时56分钟前
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.
RTTNews | 2小时16分钟前
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Friday as investors look for the next trigger to move markets. A day after U.S. President Donald Trump announced that India has offered to "literally charge us no tariffs" on American goods, India's External Affairs Minister S Jaishankar labelled the talks "complicated' and warning "nothing is decided till everything is…"
RTTNews | 3小时32分钟前