CECO Historical Income Statement

CECO Stock

USD 30.20 0.23 0.77%

Historical analysis of CECO Environmental income statement accounts such as Interest Expense of 14.1 M, Total Revenue of 572.1 M or Gross Profit of 171 M can show how well CECO Environmental Corp performed in making a profits. Evaluating CECO Environmental income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CECO Environmental's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining CECO Environmental Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CECO Environmental Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

About CECO Income Statement Analysis

CECO Environmental Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CECO Environmental shareholders. The income statement also shows CECO investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CECO Environmental Income Statement Chart

At this time, CECO Environmental's EBIT is very stable compared to the past year. As of the 22nd of November 2024, EBITDA is likely to grow to about 55.3 M, though Total Other Income Expense Net is likely to grow to (12.4 M).

Other Operating Expenses Ebitda Cost Of Revenue Total Operating Expenses

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CECO Environmental Corp. It is also known as CECO Environmental overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on CECO Environmental Corp income statement and represents the costs associated with goods and services CECO Environmental provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from CECO Environmental's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CECO Environmental Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

	2021	2022	2023	2024 (projected)
Interest Expense	3.0M	5.4M	13.4M	14.1M
Depreciation And Amortization	9.9M	10.6M	12.5M	13.1M

Interest Expense Depreciation And Amortization

CECO Environmental income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Tax Provision	Net Interest Income	Net Income From Continuing Ops	Reconciled Depreciation	Non Recurring	Non Operating Income Net Other
Depreciation And Amortization		0.58	0.7	0.72	0.71	-0.16	0.34	0.7	0.69	0.76	-0.37	-0.56	-0.44	0.27	-0.25	0.12	-0.02	-0.12	0.07	-0.05	-0.13	-0.13
Interest Expense	0.58		0.92	0.9	0.91	0.35	0.78	0.85	0.92	0.86	0.12	-0.41	-0.04	0.55	-0.15	-0.06	-0.18	-0.72	0.47	-0.33	-0.78	-0.78
Total Revenue	0.7	0.92		0.99	1.0	0.38	0.81	0.92	1.0	0.97	0.13	-0.45	-0.01	0.49	-0.41	0.01	-0.33	-0.44	0.58	-0.49	-0.62	-0.62
Gross Profit	0.72	0.9	0.99		0.99	0.34	0.78	0.91	0.99	0.99	0.09	-0.47	-0.05	0.47	-0.41	0.01	-0.35	-0.39	0.58	-0.48	-0.57	-0.57
Other Operating Expenses	0.71	0.91	1.0	0.99		0.38	0.79	0.91	1.0	0.98	0.13	-0.44	-0.01	0.48	-0.4	0.01	-0.33	-0.43	0.58	-0.49	-0.62	-0.62
Operating Income	-0.16	0.35	0.38	0.34	0.38		0.39	0.23	0.4	0.3	0.96	0.55	0.88	0.21	-0.25	-0.13	-0.37	-0.33	0.67	-0.53	-0.53	-0.53
Ebit	0.34	0.78	0.81	0.78	0.79	0.39		0.91	0.82	0.67	0.2	-0.52	0.06	0.43	-0.5	-0.01	-0.21	-0.59	0.55	-0.4	-0.7	-0.7
Ebitda	0.7	0.85	0.92	0.91	0.91	0.23	0.91		0.92	0.85	-0.01	-0.64	-0.15	0.45	-0.49	0.04	-0.17	-0.5	0.45	-0.33	-0.59	-0.59
Cost Of Revenue	0.69	0.92	1.0	0.99	1.0	0.4	0.82	0.92		0.97	0.15	-0.44	0.0	0.49	-0.41	0.01	-0.31	-0.47	0.59	-0.49	-0.64	-0.64
Total Operating Expenses	0.76	0.86	0.97	0.99	0.98	0.3	0.67	0.85	0.97		0.05	-0.43	-0.08	0.43	-0.37	0.03	-0.39	-0.29	0.56	-0.49	-0.5	-0.5
Income Before Tax	-0.37	0.12	0.13	0.09	0.13	0.96	0.2	-0.01	0.15	0.05		0.71	0.97	0.05	-0.2	-0.1	-0.33	-0.24	0.56	-0.42	-0.39	-0.39
Total Other Income Expense Net	-0.56	-0.41	-0.45	-0.47	-0.44	0.55	-0.52	-0.64	-0.44	-0.43	0.71		0.77	-0.23	0.17	-0.05	-0.14	0.16	0.06	-0.11	0.08	0.08
Net Income	-0.44	-0.04	-0.01	-0.05	-0.01	0.88	0.06	-0.15	0.0	-0.08	0.97	0.77		-0.21	-0.17	-0.03	-0.43	-0.1	0.55	-0.41	-0.26	-0.26
Income Tax Expense	0.27	0.55	0.49	0.47	0.48	0.21	0.43	0.45	0.49	0.43	0.05	-0.23	-0.21		-0.11	-0.25	0.44	-0.43	-0.07	0.03	-0.4	-0.4
Selling General Administrative	-0.25	-0.15	-0.41	-0.41	-0.4	-0.25	-0.5	-0.49	-0.41	-0.37	-0.2	0.17	-0.17	-0.11		-0.21	0.22	-0.06	-0.23	0.22	0.05	0.05
Selling And Marketing Expenses	0.12	-0.06	0.01	0.01	0.01	-0.13	-0.01	0.04	0.01	0.03	-0.1	-0.05	-0.03	-0.25	-0.21		0.07	0.0	-0.12	0.08	0.02	0.02
Tax Provision	-0.02	-0.18	-0.33	-0.35	-0.33	-0.37	-0.21	-0.17	-0.31	-0.39	-0.33	-0.14	-0.43	0.44	0.22	0.07		-0.24	-0.79	0.78	0.16	0.16
Net Interest Income	-0.12	-0.72	-0.44	-0.39	-0.43	-0.33	-0.59	-0.5	-0.47	-0.29	-0.24	0.16	-0.1	-0.43	-0.06	0.0	-0.24		-0.11	-0.11	0.8	0.8
Net Income From Continuing Ops	0.07	0.47	0.58	0.58	0.58	0.67	0.55	0.45	0.59	0.56	0.56	0.06	0.55	-0.07	-0.23	-0.12	-0.79	-0.11		-0.76	-0.41	-0.41
Reconciled Depreciation	-0.05	-0.33	-0.49	-0.48	-0.49	-0.53	-0.4	-0.33	-0.49	-0.49	-0.42	-0.11	-0.41	0.03	0.22	0.08	0.78	-0.11	-0.76		0.47	0.47
Non Recurring	-0.13	-0.78	-0.62	-0.57	-0.62	-0.53	-0.7	-0.59	-0.64	-0.5	-0.39	0.08	-0.26	-0.4	0.05	0.02	0.16	0.8	-0.41	0.47		1.0
Non Operating Income Net Other	-0.13	-0.78	-0.62	-0.57	-0.62	-0.53	-0.7	-0.59	-0.64	-0.5	-0.39	0.08	-0.26	-0.4	0.05	0.02	0.16	0.8	-0.41	0.47	1.0

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CECO Environmental Account Relationship Matchups

CECO Environmental income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	10.6M	9.9M	9.9M	10.6M	12.5M	13.1M
Interest Expense	5.4M	3.5M	3.0M	5.4M	13.4M	14.1M
Total Revenue	341.9M	316.0M	324.1M	422.6M	544.8M	572.1M
Gross Profit	114.1M	105.1M	100.9M	128.2M	162.8M	171.0M
Other Operating Expenses	322.2M	296.6M	312.8M	394.7M	510.3M	535.8M
Operating Income	18.0M	21.4M	9.9M	34.9M	34.6M	36.3M
Ebit	18.3M	20.6M	12.0M	27.7M	40.2M	42.2M
Ebitda	28.9M	30.5M	21.9M	38.3M	52.7M	55.3M
Cost Of Revenue	227.8M	210.9M	223.2M	294.4M	382.0M	401.1M
Total Operating Expenses	94.5M	85.7M	89.6M	100.3M	122.9M	129.1M
Income Before Tax	13.3M	11.8M	4.7M	23.7M	21.5M	22.6M
Total Other Income Expense Net	(4.6M)	(1.5M)	(5.2M)	(11.2M)	(13.0M)	(12.4M)
Net Income	17.7M	8.2M	2.0M	17.4M	12.9M	13.6M
Income Tax Expense	(4.4M)	3.7M	2.7M	5.4M	7.0M	7.4M
Selling General Administrative	86.0M	76.9M	81.1M	93.0M	122.3M	161.1M
Tax Provision	(4.4M)	3.7M	2.7M	5.4M	7.0M	4.4M
Net Interest Income	(5.4M)	(3.5M)	(3.0M)	(5.4M)	(13.4M)	(12.7M)
Net Income From Continuing Ops	17.7M	8.2M	2.0M	18.3M	14.5M	9.8M
Reconciled Depreciation	10.6M	9.9M	9.9M	10.6M	12.5M	8.9M
Net Income Applicable To Common Shares	17.7M	8.2M	1.4M	17.4M	20.0M	21.0M

Pair Trading with CECO Environmental

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CECO Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CECO Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with CECO Stock

0.67

FSS

Federal Signal

Pair Corr

Moving against CECO Stock

0.49	PCTTU	Purecycle Technologies	Pair Corr
0.46	PCTTW	PureCycle Technologies	Pair Corr
0.45	PFFVF	Pfeiffer Vacuum Tech	Pair Corr
0.45	J	Jacobs Solutions	Pair Corr
0.39	PCT	Purecycle Technologies	Pair Corr

The ability to find closely correlated positions to CECO Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CECO Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CECO Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CECO Environmental Corp to buy it.

The correlation of CECO Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CECO Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO Environmental Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CECO Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether CECO Environmental Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CECO Environmental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceco Environmental Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceco Environmental Corp Stock:

How To Invest In CECO

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Is CECO Stock a good investment?

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What is CECO Environmental's Net Worth?

Details

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Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CECO Environmental. If investors know CECO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CECO Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.34)

Earnings Share

0.33

Revenue Per Share

15.853

Quarterly Revenue Growth

(0.09)

Return On Assets

0.0424

The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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CECO Historical Income Statement

About CECO Income Statement Analysis

CECO Environmental Income Statement Chart

Other Operating Expenses

Cost Of Revenue

Total Operating Expenses

CECO Environmental income statement Correlations

CECO Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CECO Environmental income statement Accounts

Pair Trading with CECO Environmental

Moving together with CECO Stock

Moving against CECO Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Non Operating Income Net Other	+ 1.0	Non Recurring
Gross Profit	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.99	Gross Profit

Net Income From Continuing Ops	- 0.79	Tax Provision
Non Operating Income Net Other	- 0.78	Interest Expense
Non Recurring	- 0.78	Interest Expense
Reconciled Depreciation	- 0.76	Net Income From Continuing Ops
Net Interest Income	- 0.72	Interest Expense
Non Operating Income Net Other	- 0.7	Ebit