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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Verantis Environmental Solutions Group [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | T he following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including accounts receivable of $10,557) |  | $ | 21,107 |
Property and equipment |  |  | 373 |
Intangible - finite life |  |  | 22,070 |
Goodwill |  |  | 44,676 |
Other assets |  |  | 142 |
Total assets acquired |  |  | 88,368 |
Current liabilities assumed |  |  | (17,595 | )
Deferred income tax liability |  |  | (4,349 | )
Other liabilities assumed |  |  | (928 | )
Net assets acquired |  | $ | 65,496 |
WK Group [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | T he following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including accounts receivable of $9,705) |  | $ | 20,294 |
Property and equipment |  |  | 853 |
Intangible - finite life |  |  | 3,114 |
Goodwill |  |  | 2,981 |
Other assets |  |  | 441 |
Total assets acquired |  |  | 27,683 |
Current liabilities assumed |  |  | (12,430 | )
Deferred income tax liability |  |  | (854 | )
Other liabilities assumed |  |  | (1,320 | )
Net assets acquired |  | $ | 13,079 |
EnviroCare International LLC [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including cash of $596 and accounts receivable of $405) |  | $ | 3,111 |
Property and equipment |  |  | 17 |
Intangible - finite life |  |  | 7,250 |
Goodwill |  |  | 11,348 |
Total assets acquired |  |  | 21,726 |
Current liabilities assumed |  |  | (5,024 | )
Net assets acquired |  | $ | 16,702 |
Kemco Systems Co Llc [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including accounts receivable of $2,328) |  | $ | 8,902 |
Property and equipment |  |  | 341 |
Right-of-use assets from operating leases |  |  | 1,602 |
Intangible - finite life |  |  | 11,610 |
Goodwill |  |  | 11,017 |
Other assets |  |  | 16 |
Total assets acquired |  |  | 33,488 |
Current liabilities assumed |  |  | (6,853 | )
Other liabilities assumed |  |  | (404 | )
Net assets acquired |  | $ | 26,231 |
Transcend Solution [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including cash of $52 and accounts receivable of $1,493) |  | $ | 2,614 |
Property and equipment |  |  | 1,153 |
Intangible - finite life |  |  | 8,930 |
Goodwill |  |  | 10,839 |
Other assets |  |  | 231 |
Total assets acquired |  |  | 23,767 |
Current liabilities assumed |  |  | (1,203 | )
Deferred tax liability |  |  | (168 | )
Net assets acquired |  | $ | 22,396 |
Malvar Engineering Limited [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including accounts receivable of $2,467) |  | $ | 3,240 |
Property and equipment |  |  | 635 |
Intangible - finite life |  |  | 1,778 |
Goodwill |  |  | 5,296 |
Total assets acquired |  |  | 10,949 |
Current liabilities assumed |  |  | (4,860 | )
Deferred income tax liability |  |  | (961 | )
Net assets acquired |  | $ | 5,128 |
General Rubber LLC [Member] |
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information represents the Company’s results of operations as if these acquisitions had occurred at the beginning of the fiscal year prior to the acquisition:
|  | December 31, |
(table only in thousands, except per share data) |  | 2024 |  |  | 2023 |  |  | 2022 |
Net sales |  | $ | 636,191 |  |  | $ | 662,569 |  |  | $ | 478,802 |
Net income attributable to CECO Environmental Corp. |  | $ | 16,332 |  |  | $ | 17,013 |  |  | $ | 20,179 |
Earnings per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.47 |  |  | $ | 0.49 |  |  | $ | 0.58 |
Diluted |  | $ | 0.45 |  |  | $ | 0.48 |  |  | $ | 0.58 |

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