
CECO Environmental posted record Q3 results: revenue of $404.4M, up 105% year over year, with adjusted EBITDA of $70.1M, up 202%, and free cash flow of $148.4M. Orders surged 234% to $777.6M and backlog hit $2.19B. The company kept its 2026 outlook and introduced a 2027 outlook calling for $2.1-2.3B in revenue.