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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2025
Profire Energy Inc [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 cash and cash equivalents of $22,675 and accounts receivable of $14,151) |  | $ | 54,867 |
Property and equipment |  |  | 17,416 |
Intangible - finite life |  |  | 41,810 |
Goodwill |  |  | 25,656 |
Other assets |  |  | 343 |
Total assets acquired |  |  | 140,092 |
Current liabilities assumed |  |  | (8,567 | )
Deferred income tax liability |  |  | (10,852 | )
Other liabilities assumed |  |  | (291 | )
Net assets acquired |  | $ | 120,382 |
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 $9,308) |  | $ | 19,858 |
Property and equipment |  |  | 373 |
Intangible - finite life |  |  | 22,070 |
Goodwill |  |  | 50,286 |
Other assets |  |  | 118 |
Total assets acquired |  |  | 92,705 |
Current liabilities assumed |  |  | (17,595 | )
Deferred income tax liability |  |  | (8,716 | )
Other liabilities assumed |  |  | (928 | )
Net assets acquired |  | $ | 65,466 |
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 $7,914) |  |  | 14,358 |
Property and equipment |  |  | 853 |
Intangible - finite life |  |  | 3,114 |
Goodwill |  |  | 12,355 |
Other assets |  |  | 441 |
Total assets acquired |  |  | 31,121 |
Current liabilities assumed |  |  | (15,113 | )
Deferred income tax liability |  |  | (1,609 | )
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 |  |  | 11,389 |
Total assets acquired |  |  | 21,767 |
Current liabilities assumed |  |  | (5,065 | )
Net assets acquired |  | $ | 16,702 |
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.
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(in thousands, except per share data) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net sales |  | $ | 185,391 |  |  | $ | 176,666 |  |  | $ | 362,088 |  |  | $ | 340,622 |
Net income attributable to CECO Environmental Corp. |  |  | 9,510 |  |  |  | 4,058 |  |  |  | 45,494 |  |  |  | 4,511 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.27 |  |  | $ | 0.12 |  |  | $ | 1.29 |  |  | $ | 0.13 |
Diluted |  | $ | 0.26 |  |  | $ | 0.11 |  |  | $ | 1.24 |  |  | $ | 0.12 |

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