BUZZ-CECO Environmental jumps on lifting forecast after Thermon deal
CECO Environmental Corp.
CECO Environmental Corp. CECO | 0.00 |
** Shares of environment-friendly equipment manufacturer CECO Environmental CECO.O rise 13.3% to $91.2 premarket
** Company raises FY26 revenue forecast following acquisition of Thermon Group
** Says acquisition, which closed last week, will generate $40 mln or more in cost synergies
** CECO expects FY26 revenue to be between $1.28 bln and $1.38 bln, up about 20% at midpoint of the range
** Analysts expect revenue of $968 mln for FY26 - data compiled by LSEG
** As of last close, shares up 34.5% YTD
