Filing Flows › Ceco Environmental (CECO) › Q2 2025
Ceco Environmental (CECO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Ceco Environmental (CECO) reported revenue of $185M for the second quarter 2025 (Q2 2025), +35% from a year earlier and +5% from the quarter before. Operating margin was 9.7%, net earnings $9.5M (5.1% of revenue).
Ceco Environmental, Q2 2025: revenue $185M (+35% year over year), operating margin 9.7%, net earnings $9.5M, operating cash flow −$7.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $185M | +5% | +35% |
| Gross profit | $67.1M | +8% | +37% |
| Operating profit | $18.1M | -71% | +95% |
| Net earnings | $9.5M | -74% | +112% |
| Operating cash flow | −$7.7M | — | — |
What changed
Revenue was $185.4M in Q2 2025, up 35% year over year and up 5% from the previous quarter.
Gross margin was 36.2%, up 0.5 points from a year earlier. Operating profit was $18.1M, a 9.7% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, above the 7% margin then. Operating expenses grew 23% against revenue growth of 35%. The fastest-growing cost line was SG&A (+34%). Net earnings were $9.5M, up 112% year over year. The effective tax rate was 30.9%.
Operating cash flow was −$7.7M. Non-cash charges added back $5.0M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $25.7M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$8.7M.
Questions
What was Ceco Environmental's revenue in the second quarter 2025?
Ceco Environmental (CECO) reported revenue of $185M for the second quarter 2025 (Q2 2025), +35% from a year earlier and +5% from the quarter before.
Was Ceco Environmental profitable in the second quarter 2025?
Operating profit was $18.1M (9.7% of revenue) and net earnings $9.5M.
Source: Ceco Environmental 10-Q on SEC EDGAR.