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<SEC-DOCUMENT>0001181431-06-062445.txt : 20061108
<SEC-HEADER>0001181431-06-062445.hdr.sgml : 20061108
<ACCEPTANCE-DATETIME>20061108164016
ACCESSION NUMBER:		0001181431-06-062445
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061108
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20061108
DATE AS OF CHANGE:		20061108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CECO ENVIRONMENTAL CORP
		CENTRAL INDEX KEY:			0000003197
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFYING EQUIP [3564]
		IRS NUMBER:				132566064
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-07099
		FILM NUMBER:		061197978

	BUSINESS ADDRESS:	
		STREET 1:		3120 FORRER STREET
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45209
		BUSINESS PHONE:		4165936543

	MAIL ADDRESS:	
		STREET 1:		505 UNIVERSITY AVENUE
		STREET 2:		SUITE 1400
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5G 1X3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	API ENTERPRISES INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALARM PRODUCTS INTERNATIONAL INC
		DATE OF NAME CHANGE:	19851210
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd135252.htm
<DESCRIPTION>EARNINGS RELEASE
<TEXT>


<html><head>
<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
</head>
<body Bgcolor="white">

<hr Size="4" Noshade Color="#000000" Align="left">

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>UNITED STATES </b></font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>Washington, D.C. 20549 </b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="5" Color="#000000">
<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>Current Report </b></font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;11/08/2006 </b></font></div>




<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="5" Color="#000000">
<b>CECO ENVIRONMENTAL CORP </b></font></div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Exact name of registrant as specified in its charter)</b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>Commission File Number:&nbsp;&nbsp;0-7099</b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><table Cellspacing="0" Cellpadding="0" Width="100%" Border="0">
<tr>
<td Valign="bottom" Width="59%" Align="center">
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>DE</b></font>
</div>
</td>
<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;&nbsp;</font>
</td>
<td Valign="bottom" Width="59%" Align="center">
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>13-2566064</b></font>
</div>
</td>
</tr>

<tr>
<td Valign="top" Align="center" Width="59%">
<div Style="margin-left:2%; Text-indent:-2%" Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(State or other jurisdiction of</b></font>
</div>
</td>
<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;&nbsp;</font>
</td>
<td Valign="bottom" Align="center" Width="59%">
<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(IRS Employer</b></font>
</div>
</td>
</tr>

<tr>
<td Valign="top" Align="center" Width="59%">
<div Style="margin-left:2%; Text-indent:-2%" Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>incorporation)</b></font>
</div>
</td>
<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;&nbsp;</font>
</td>
<td Valign="bottom" Align="center" Width="59%">
<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>Identification No.)</b></font>
</div>
</td>
</tr>

</table></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>3120 Forrer Street, Cincinnati, OH 45209</b></font></div>


<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Address of principal executive offices, including zip code)</b></font>
</div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>(416) 593-6543 </b></font>
</div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Registrant&#146;s telephone number, including area code)</b></font>
</div>



<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b> </b></font>
</div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Former name or former address, if changed since last report) </b></font>
</div>


<div><font Size="1">&nbsp;</font>
</div>




<div Align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR>
</b></font>


</div>



<div Align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[&nbsp;&nbsp;]&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</b>

</font>
</div>





<div><font Size="1">&nbsp;</font>
</div>

<hr Size="4" Noshade Color="#000000" Align="left">


<p Style='page-break-before:always'>
<p Align="center"><font Size="2">
Information to be included in the report</b>
</font>





<div><font Size="1">&nbsp;</font></div>

<div align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition</b></font>
</div>

<div><font Size="1">&nbsp;</font>
</div>

<div  align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
On November 8, 2006, the registrant issued a press release announcing its financial results for the third quarter and nine months ended September 30, 2006. A copy of the press release is attached as Exhibit 99.1 to this current report. <p>The information in this Item 2.02, and Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended.</font>
</div>

<div><font Size="1">&nbsp;</font></div>



<div><font Size="1">&nbsp;</font></div>

<div align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b></font>
</div>

<div><font Size="1">&nbsp;</font>
</div>

<div  align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
99.1  Press Release issued November 8, 2006</font>
</div>

<div><font Size="1">&nbsp;</font></div>



<hr  Size="3" Color="#cceeff" Width="100%" Align="center">
<p Align="center"><font Size="2">&nbsp;</font>
<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>Signature(s) </b></font>
</div>

<div><font Size="1">&nbsp;</font></div>

<div align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </font>
</div>

<div><font Size="1">&nbsp;</font></div>

<div><table Cellspacing="0" Cellpadding="0" Width="100%" Border="0">




<tr>
	<td Valign="top" Colspan="3" Width="53%"> <div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000"></font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>
	<td> <font Size="1">&nbsp;</font>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>	<td Valign="top" Align="center" Width="3%">
	<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
	</font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="top" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	CECO ENVIRONMENTAL CORP</font>
	</div>	</td>
</tr>
<tr><td>&nbsp;</td></tr>
<tr><td>&nbsp;</td></tr>
<tr>
	<td Valign="top" Colspan="3" Width="53%"> <div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	Date: November 08, 2006</font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>
	<td> <font Size="1">&nbsp;</font>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>	<td Valign="top" Align="center" Width="3%">
	<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
	By:</font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="top" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	/s/&nbsp;&nbsp;&nbsp;&nbsp;Dennis W. Blazer</font>
	</div>
	<hr Noshade Align="left" Color="#000000">
	</td>
</tr>

<tr>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	Dennis W. Blazer</font>
	</div>
	</td>
</tr>

<tr>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="53%">
	<div><font Face="times New Roman" Size="2" Color="#000000">CFO and Vice President-Finance and Administration</font>
	</div>
</td>
</tr>
<tr><td>&nbsp;</td></tr>
<tr><td>&nbsp;</td></tr>



</table></div>





<p Style='page-break-before:always'>
<hr  Size="3" Color="#cceeff" Width="100%" Align="center">

<p Align="center"><font Size="2">&nbsp;</font>
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>Exhibit Index </b></font>
</div>

<div><font Size="2">&nbsp;</font></div>

<div Align="center">
<table Cellspacing="0" Cellpadding="0" Width="100%" Border="0">




<tr>
	<td Valign="top" Align="left">
	<div Align="left"><font Face="times New Roman" Size="2" Color="#000000">
	<b>Exhibit&nbsp;No.</b></font>
	</div>
		<hr Size="2" Noshade Width="48" Color="#000000">
	</td>
	<td Valign="top" Width="3%" Align="left"><font Face="times New Roman" Size="2">&nbsp;&nbsp;</font></td>
	<td Valign="top" Width="100%" Align="left">
	<div><font Face="times New Roman" Size="2" Color="#000000">
	<b>Description</b></font>
	</div>
	<hr Size="2" Noshade Width="73" Align="left" Color="#000000">
	</td>
</tr>




<tr>
	<td Valign="top" Align="left">
	<div Align="top"><font Face="times New Roman" Size="1" Color="#000000">
	EX-99.1</font>
	</div>

	</td>
	<td Valign="top" Width="3%" Align="left"><font Face="times New Roman" Size="2">&nbsp;&nbsp;</font></td>
	<td Valign="top" Width="100%" Align="left">
	<div><font Face="times New Roman" Size="2" Color="#000000">
	Press Release</font>
	</div>
		</td>
</tr>





</div></table>



</body></html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>rrd135252_16903.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>



<HTML>


<HEAD>








<TITLE>May 7, 2003</TITLE>


</HEAD>


<BODY LINK="#0000ff" VLINK="#800080">





<FONT FACE="Verdana" SIZE=2><P> </P>


</FONT><B><FONT FACE="Verdana"><P>NASDAQ:CECE&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;NEWS RELEASE</P>


</B></FONT>


<B><FONT FACE="Verdana"><P ALIGN="CENTER">CECO ENVIRONMENTAL REPORTS RECORD QUARTERLY AND </P>


<P ALIGN="CENTER">NINE MONTH REVENUE AND OPERATING INCOME</P>


</FONT><FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">REVENUES INCREASED BY OVER 60% FOR BOTH PERIODS</P>


<P ALIGN="CENTER">OPERATING INCOME INCREASED BY 32% FOR THE QUARTER</P>


<P ALIGN="CENTER">OPERATING INCOME INCREASED BY 142% FOR THE NINE MONTH PERIOD</P>


</B></FONT><FONT FACE="Verdana" SIZE=3><P ALIGN="JUSTIFY"></P>


</FONT><B><P ALIGN="JUSTIFY">NEW YORK, November 08, 2006 - CECO Environmental Corp. </B>(NASDAQ:CECE), a leading provider of air pollution control and industrial ventilation systems, today announced record revenues and net income for the three and nine months ended September 30, 2006.  </P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=490>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=22>


<B><FONT FACE="Arial" SIZE=1><P>Financial highlights:</B></FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22>


<FONT FACE="Arial" SIZE=1><P>$ in 000's</FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=29>


<U><FONT FACE="Arial" SIZE=1><P>Three months ended September 30</U></FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=29>


<FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">    <U>2006</U></FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=29>


<FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">   <U>2005</U></FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=29>


<FONT FACE="Arial" SIZE=1><P>        <U>$    </U>       </P>


<P>   <U>change</U></FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=29>


<FONT FACE="Arial" SIZE=1><P>       <U>%    </P>


</U><P>   <U>change</U></FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Net sales</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $  37,734 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 23,442 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$14,292 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">61.0%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Gross profit</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          6,142 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     4,524 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     1,618 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">35.8%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Operating income</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          1,664 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     1,257 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">        407 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">32.4%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Other income (expense)<SUP>1</SUP></FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">            409 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">       (273)</FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">        682 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">n/a</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Income before income tax</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          1,613 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">        390 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     1,223 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">314%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Income tax expense</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">            546 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          35 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">        511 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">1460%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Net income</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          $1,067 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">       $355 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">        $712 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">201%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<U><FONT FACE="Arial" SIZE=1><P>Nine months ended September 30</U></FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">    <U>2006</U></FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">   <U>2005</U></FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>        <U>$    </U>       </P>


<P>   <U>change</U></FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>       <U>%    </P>


</U><P>   <U>change</U></FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Net sales</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $  93,861 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 58,512 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $35,349 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">60.4%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Gross profit</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">        15,878 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">    10,965 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     4,913 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">44.8%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Operating income</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          3,600 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     1,489 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     2,111 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">141.8%</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Other income (expense)<SUP>1</SUP></FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">            703 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">       (197)</FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">        900 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">n/a</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Income (loss) before income tax</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          2,746 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">       (524)</FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     3,270 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">n/a</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Income tax expense (benefit)</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">            853 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">       (482)</FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     1,335 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">n/a</FONT></TD>


</TR>


<TR><TD WIDTH="47%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P>Net income (loss)</FONT></TD>


<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">          $1,893 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">         $(42)</FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">     $1,935 </FONT></TD>


<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">n/a</FONT></TD>


</TR>


</TABLE>


</CENTER></P>








<P>Note:</P><DIR>





<SUP><P ALIGN="JUSTIFY">1</SUP> &#9;<FONT SIZE=1>Other income (expense) was $409,000 in the third quarter of 2006 compared to other expense of ($273,000) in the third quarter of 2005.  $432,000 of third quarter 2006 income was the result of the exercise of 100,600 warrants issued in December 2001 offset by other expenses of $23,000.  Other income for the nine months ended September 30, 2006 was $703,000 compared to other expense of ($197,000) in 2005.  $727,000 of nine month 2006 income was the result of the exercise of 348,567 warrants issued in December 2001 offset by $24,000 of other expenses. </P>


</FONT>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P></DIR>





<P ALIGN="JUSTIFY">Our backlog as of September 30, 2006 was $50.1 million compared to $28.9 million as of December 31, 2005.</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">President, Rick Blum stated &quot;We continue to be pleased with our 2006 results.  Although our margins as a percentage of sales are lower than prior periods, the change is due primarily to a changing product mix and the negative impact of one large underperforming project which reduced our overall margins by approximately one percentage point for both the quarter and the nine month period.  Despite these factors, our gross profits have increased significantly.&quot;</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">Chairman and CEO, Phillip DeZwirek commented &quot;Our order flow this year has remained consistently strong with bookings through October of over $126 million compared to $69.5 million through October of 2005.  We anticipate that the fourth quarter will reflect this continuing upward trend in revenues and profits.&quot; </P>


<FONT FACE="Verdana" SIZE=2><STRONG><P ALIGN="JUSTIFY"></P>


</FONT><P ALIGN="JUSTIFY">ABOUT CECO ENVIRONMENTAL</STRONG> </P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">CECO Environmental Corp. is North America's largest independent air pollution control company.  Through its seven subsidiaries -- Busch, CECOaire, CECO Filters, CECO Abatement Systems, kbd/Technic, Kirk &amp; Blum and H. M. White, Inc. -- CECO provides a wide spectrum of air quality services and products including: industrial air filters, environmental maintenance, monitoring and management services, and air quality improvements systems.  CECO is a full-service provider to the steel, military, aluminum, automotive, ethanol, aerospace, semiconductor, chemical, cement, metalworking, glass, foundry and virtually all-industrial process industries. </P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">For more information on CECO Environmental please visit the company's website at http://www.cecoenviro.com/. </P>


<P ALIGN="JUSTIFY"></P>


<B><P ALIGN="JUSTIFY">Contact:</P>


<P ALIGN="JUSTIFY">Corporate Information </P>


</B><P ALIGN="JUSTIFY">Phillip DeZwirek, CECO Environmental Corp.</P>


<P ALIGN="JUSTIFY">Email: investors@cecoenviro.com</P>


<B><P ALIGN="JUSTIFY">1-800-606-CECO</P>


<FONT FACE="Verdana" SIZE=2><P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


</B></FONT><FONT FACE="Arial" SIZE=2><STRONG><P ALIGN="JUSTIFY">CECO Environmental Corp.</P>


<P>Condensed Consolidated Statement of Operations</P>


</STRONG><P>($'s in thousands, except per share data)</P>


<P>(unaudited)</P>


</FONT>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=4 WIDTH=812>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">&nbsp;</TD>


<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2>


<FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">   Three months ended</FONT></TD>


<TD WIDTH="21%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">   Nine months ended</FONT></TD>


<TD WIDTH="27%" VALIGN="TOP">&nbsp;</TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">&nbsp;</TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> <U>30-Sept-06</U></FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">30-Sept-05</U></FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">30-Sept-06</U></FONT></TD>


<TD WIDTH="37%" VALIGN="MIDDLE" COLSPAN=4>


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">30-Sept-05</U></FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Net sales</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$37,734</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$23,442</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$93,861</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$58,512</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Cost of sales</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">31,592</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> 18,918</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">77,983</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">47,547</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Gross profit</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">6,142</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> 4,524</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">15,878</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">10,965</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Selling and administrative</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">4,185</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">  2,974</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">11,400</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">8,600</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Depreciation and amortization</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">293</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">    293</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">878</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">876</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Operating income</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">1,664</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">    1,257</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">3,600</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">1,489</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Other income (expense)</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">409</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(273)</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">703</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(197)</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Interest expense</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(460)</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">   (594)</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(1,557)</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(1,816)</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Income (loss) before income taxes</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">1,613</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">  390</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">2,746</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(524)</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Income tax provision (benefit)</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">546</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">   35</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">853</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(482)</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Net income (loss)</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$1,067</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$355</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$1,893</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">($42)</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1>


<P>Per share data:</FONT></TD>


<TD WIDTH="34%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1>


<P>&nbsp;</FONT></TD>


<TD WIDTH="1%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="33%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Basic net income (loss)</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$.09</U></FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$.04</U></FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$.17</U></FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$ .00                      </U></FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Diluted net income (loss)</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$.08</U></FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$.03</U></FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$.15</U></FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<U><FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">$ .00                      </U></FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1>


<P>Weighted average shares outstanding:</P>





<P>Basic</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">11,412,369</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">9,993,260</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">11,185,464</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">9,993,260</FONT></TD>


</TR>


<TR><TD WIDTH="32%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P>Diluted</FONT></TD>


<TD WIDTH="10%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">13,033,824</FONT></TD>


<TD WIDTH="11%" VALIGN="MIDDLE">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">11,169,034</FONT></TD>


<TD WIDTH="10%" VALIGN="TOP">


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">12,778,806</FONT></TD>


<TD WIDTH="37%" VALIGN="TOP" COLSPAN=4>


<FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">9,993,260</FONT></TD>


</TR>


</TABLE>





<FONT FACE="Verdana" SIZE=1>


<P>&nbsp;</P>


<P>&nbsp;</P>


<P>&nbsp;</P>


<P>&nbsp;</P>


<P>&nbsp;</P>


</FONT><FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  All forward-looking statements are subject to certain risks, uncertainties and assumptions.  These risks and uncertainties, which are more fully described in CECO's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include changes in market conditions in the industries in which the Company operates.  Should one or more of these  risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.</P>


</FONT><FONT FACE="Verdana" SIZE=1><P ALIGN="JUSTIFY">  </P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


</FONT><B><FONT FACE="Verdana" SIZE=3><P ALIGN="JUSTIFY">###</P>


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