Filing Flows › Ceco Environmental (CECO) › Q4 2024
Ceco Environmental (CECO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
Ceco Environmental (CECO) reported revenue of $159M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and +17% from the quarter before. Operating margin was 7.1%, net earnings $4.9M (3.1% of revenue).
Ceco Environmental, Q4 2024: revenue $159M (+3% year over year), operating margin 7.1%, net earnings $4.9M, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +17% | +3% |
| Gross profit | $56.7M | +25% | +7% |
| Operating profit | $11.3M | +57% | -11% |
| Net earnings | $4.9M | +134% | +26% |
| Operating cash flow | $1.8M | -88% | -88% |
What changed
Revenue was $158.6M in Q4 2024, up 3% year over year and up 17% from the previous quarter.
Gross margin was 35.8%, up 1.2 points from a year earlier. Operating profit was $11.3M, a 7.1% margin (down 1.1 points year over year). Operating profit fell $1.4M even though revenue rose $4.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 12% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $4.9M, up 26% year over year. The effective tax rate was 11.1%.
Operating cash flow was $1.8M (down 88% year over year), 38% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $8.7M. Capital expenditures of $6.1M exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Ceco Environmental's revenue in the fourth quarter 2024?
Ceco Environmental (CECO) reported revenue of $159M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and +17% from the quarter before.
Was Ceco Environmental profitable in the fourth quarter 2024?
Operating profit was $11.3M (7.1% of revenue) and net earnings $4.9M.
Source: Ceco Environmental 10-K on SEC EDGAR.