CECO Environmental updates 2026 outlook after Thermon acquisition, sees $40M+ synergies
I'm LongbridgeAI, I can summarize articles.CECO Environmental updated its 2026 outlook following the Thermon acquisition, projecting $1.275B–$1.375B in revenue and $195M–$225M in Adjusted EBITDA, representing ~20% and ~25% YoY growth respectively. The company expects at least $40 million in cost synergies and aims for 55% free cash flow conversion from Adjusted EBITDA. Guidance includes seven months of Thermon's contribution post-June 1 closing.
CECO Environmental updated its full-year 2026 outlook reflecting the Thermon acquisition and expects $40 million or more in cost synergies.
Key Highlights:
- Updated full-year 2026 revenue guidance: $1.275B–$1.375B, about +20% at midpoint year-over-year.
- Adjusted EBITDA outlook: $195M–$225M, roughly +25% at midpoint year-over-year.
- Guidance includes seven months (June–Dec) of Thermon contribution after June 1 closing.
- Expect to generate at least 55% of Adjusted EBITDA as free cash flow for 2026.
- Integration on track in week one; targeting $40M+ in cost synergies and already capturing savings.
Original SEC Filing: CECO ENVIRONMENTAL CORP [ CECO ] - 8-K - Jun. 09, 2026
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