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Ceco Environmental CECO Engineered Systems — Goodwill Purchase Accounting Adjustments

Other segment segments

Industrial Solutions
$16.21M-72.5%

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Other financials

Income statement

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Revenue$205.9M-72.5%
Gross profit$63.9M-89.9%
Operating income$1.9M-97.0%
Net income-$398.0K-101%
EPS (diluted)-$0.01-101%

Balance sheet

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Cash & equivalents$45.4M-69.0%
Total debt$276.4M-23.1%
Total equity$312.2M+9.2%
Total assets$1.0B+7.3%

Cash flow

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Operating cash flow-$13.1M-12.0%
CapEx$2.6M-23.5%
Free cash flow-$15.7M-4.0%

Valuation

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Market cap$4.01B+149%
Enterprise value$4.24B+132%
P/E293.2×+263×
P/S6.5×

Profitability

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Gross margin69.4%+38.7pp
Operating margin7.5%
Net margin2.2%
FCF margin2%-4.4pp

Returns & leverage

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Return on equity4.6%-13.8pp
Debt / equity0.9×-0.4×
Current ratio1.3×-0.4×

Where this comes from

Reported directly by Ceco Environmental in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The source filing: Ceco Environmental’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 5:30 PM EST
Fiscal year
FY2025
Accession
0001193125-26-085815
(in thousands)Engineered SystemssegmentIndustrial Process SolutionssegmentTotal
Balance of goodwill at December 31, 2023$142,229$69,097$211,326
Acquisitions11059,00559,115
Foreign currency translation(596)(98)(694)
Balance of goodwill at December 31, 2024141,743128,004269,747
Acquisitions25,56316,20641,769
Divestiture(26,838)(26,838)
Foreign currency translation1,2702,2153,485
Balance of goodwill at December 31, 2025$168,576$119,587$288,163

Item 8. Financial Statements and Supplementary Data

FAQ

What is Ceco Environmental's engineered systems — goodwill purchase accounting adjustments?
Ceco Environmental (CECO) reported engineered systems — goodwill purchase accounting adjustments of $6.39M in Q4 2025.
How has Ceco Environmental's engineered systems — goodwill purchase accounting adjustments changed year-over-year?
Ceco Environmental's engineered systems — goodwill purchase accounting adjustments increased by 23139.1% year-over-year, from $27.5K to $6.39M.
What is the long-term trend for Ceco Environmental's engineered systems — goodwill purchase accounting adjustments?
Over 3 years (2022 to 2025), Ceco Environmental's engineered systems — goodwill purchase accounting adjustments has grown at a 17.0% compound annual growth rate (CAGR), from $15.97M to $25.56M.
What does engineered systems — goodwill purchase accounting adjustments mean?
Reflects periodic adjustments made to the carrying value of goodwill following an acquisition, often due to the finalization of purchase price allocations or changes in valuation assumptions. These adjustments indicate the refinement of accounting estimates regarding the fair value of acquired assets and liabilities. Monitoring these changes helps investors understand the accuracy of initial acquisition valuations and potential impacts on future impairment testing.

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