Filing Flows › Ceco Environmental (CECO) › Q1 2025
Ceco Environmental (CECO) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Ceco Environmental (CECO) reported revenue of $177M for the first quarter 2025 (Q1 2025), +40% from a year earlier and +11% from the quarter before. Operating margin was 35.0%, net earnings $36.0M (20.4% of revenue).
Ceco Environmental, Q1 2025: revenue $177M (+40% year over year), operating margin 35.0%, net earnings $36.0M, operating cash flow −$11.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $177M | +11% | +40% |
| Gross profit | $62.2M | +10% | +38% |
| Operating profit | $61.9M | +449% | +705% |
| Net earnings | $36.0M | +638% | 24× |
| Operating cash flow | −$11.7M | -740% | — |
What changed
Revenue was $176.7M in Q1 2025, up 40% year over year and up 11% from the previous quarter.
Gross margin was 35.2%, down 0.5 points from a year earlier. Operating profit was $61.9M, a 35.0% margin (up 28.9 points year over year). Of the extra revenue versus a year earlier, 108% reached operating profit, above the 6% margin then. Operating expenses fell 99% while revenue rose 40%. Net earnings were $36.0M, up 2286% year over year. The effective tax rate was 33.8%.
Operating cash flow was −$11.7M. Non-cash charges added back $5.1M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $56.6M. Capital expenditures of $3.4M exceeded it, leaving free cash flow of −$15.1M.
Questions
What was Ceco Environmental's revenue in the first quarter 2025?
Ceco Environmental (CECO) reported revenue of $177M for the first quarter 2025 (Q1 2025), +40% from a year earlier and +11% from the quarter before.
Was Ceco Environmental profitable in the first quarter 2025?
Operating profit was $61.9M (35.0% of revenue) and net earnings $36.0M.
Source: Ceco Environmental 10-Q on SEC EDGAR.