CECO Receives Bulk Orders Worth $19M - Analyst Blog

By
A A A

CECO Environmental Corp . ( CECE ) won several new orders across the world worth $19 million. These new orders came in primarily from natural gas, power generation, automotive, food, oil refinery and wind turbine customers located in the U.S., Europe, Canada and Asia.

These orders came shortly after CECO Environmental completed the important acquisition of Met-Pro, a niche-oriented provider of product recovery, pollution control, fluid handling and filtration solutions across multiple diversified end-markets.

In Jun 2013, CECO had received bulk orders of similar kind worth $15 million. These orders came shortly after CECO Environmental completed the important acquisition of Aarding Thermal Acoustics B.V., one of the global leaders in natural gas turbine exhaust systems and silencer applications. 

The air pollution control and industrial ventilation products enjoy a multi-billion dollar market and is still growing at a rapid pace. The demand for clean air and water and an environment that is free of industrial pollutants further help in the growth of these products. More and more businesses are paying serious attention to environmental protection given the increasing requirement of complying with stringent environmental regulations becoming mandatory both in the U.S. and globally.

Therefore, given this increasing need for environmental compliance, CECO Environmental has been capturing the market share with strategic acquisitions across diverse areas of pollution control solutions.  

CECO Environmental is a leading provider of air pollution control technology globally. Currently, the company has a Zacks Rank #3 (Hold). Other stocks in the industry that are worth considering at the moment are Progressive Waste Solutions Ltd . ( BIN ), Sharps Compliance Corp ( SMED ) and PerkinElmer Inc ( PKI ). All three carry a Zacks Rank #2 (Hold).    



PROGRESSV WASTE (BIN): Free Stock Analysis Report

CECO ENVIRNMNTL (CECE): Free Stock Analysis Report

PERKINELMER INC (PKI): Free Stock Analysis Report

SHARPS COMPLIAN (SMED): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: BIN , CECE , PKI , SMED

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Finding Heart in an Organ
Finding Heart in an Organ           

Stocks

Referenced

100%
50%
100%
100%

Most Active by Volume

113,378,902
  • $16.79 ▲ 1.33%
89,763,454
  • $7 ▲ 6.54%
67,512,111
  • $42.88 ▲ 3.93%
60,846,215
  • $101.66 ▲ 0.23%
52,286,887
  • $16.38 ▼ 7.09%
42,129,258
  • $52.19 ▲ 2.98%
36,281,096
  • $46.695 ▼ 0.65%
31,634,172
  • $25.16 ▼ 0.08%
As of 9/12/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com