CECO: Q4 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — CECO Environmental Corp. (CECO) on Tuesday reported fourth-quarter earnings of $3.9 million.

The Dallas-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The maker of air pollution controls and industrial ventilation systems posted revenue of $153.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $149.1 million.

For the year, the company reported profit of $12.9 million, or 37 cents per share. Revenue was reported as $544.8 million.

CECO expects full-year revenue in the range of $590 million to $610 million.

CECO shares have climbed 13% since the beginning of the year. The stock has risen 48% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CECO at https://www.zacks.com/ap/CECO