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CECO Environmental Corp.
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CECO Environmental Corp. targets more than $40m of Thermon synergies after capturing $13m in two months
CECO Environmental Corp. has captured $13 million of annualized Thermon cost savings within 60 days, already representing 65% to 76% of its year-one target. The catch is that only about $5 million is expected to benefit 2026 while costs to achieve the savings have reached roughly $21 million.
CECO Environmental orders surge 191% as backlog tops $1.8bn
CECO raised its 2026 outlook after orders jumped 191% and backlog topped $1.8 billion, putting Thermon integration and cash flow in focus.