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SEC filingCECO Environmental provided a post-closing update on its Thermon acquisition, raising full year 2026 guidance with revenue expected between $1.275B and $1.375B and Adjusted EBITDA between $195M and $225M.
CECO Environmental announced the closing of its acquisition of Thermon Group Holdings on June 1, 2026, and reported that the initial integration phase is on track with no operating challenges. Management anticipates $40 million or more in cost synergies. The combined company's full year 2026 outlook reflects seven months of Thermon contribution. Revenue guidance was raised to $1.275 billion to $1.375 billion, representing approximately 20% year-over-year growth at the midpoint. Adjusted EBITDA is expected between $195 million and $225 million, up about 25% at the midpoint. Free cash flow is projected at least 55% of Adjusted EBITDA. CEO Todd Gleason highlighted strong market conditions in power generation, data centers, and semiconductors, and noted that legacy CECO orders in early June set new records, suggesting potential for overperformance. The company hosted a conference call on June 9 to discuss further integration and synergy details.