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Ceco Environmental CECO Impairment Charges

Impairment Charges at other companies

Energy Recovery logo
Energy RecoveryERII
$0
Xylem logo
XylemXYL
$11M-57.7%
Nordson logo
NordsonNDSN
$3.14M

Other financials

Income statement

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Revenue$285.0M+53.7%
Gross profit$86.5M+28.8%
Operating income-$33.2M-284%
Net income-$34.8M-466%
EPS (diluted)-$0.80-408%

Balance sheet

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Cash & equivalents$61.1M+65.8%
Total debt$762.7M+195%
Total equity$2.1B+596%
Total assets$3.7B+326%

Cash flow

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Operating cash flow-$19.3M-152%
CapEx$4.9M+368%
Free cash flow-$24.2M-178%

Valuation

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Market cap$4.14B+164%
Enterprise value$4.84B+170%
P/S5.8×

Profitability

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Gross margin69.4%+38.7pp
Operating margin-0.8%
Net margin-4.3%
FCF margin2%-4.4pp

Returns & leverage

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Return on equity-2.6%-22.2pp
Debt / equity0.4×-0.5×
Current ratio1.5×+0.2×

Where this comes from

Reported directly by Ceco Environmental in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAndIntangibleAssetImpairment.

The source filing: Ceco Environmental’s 10-K, filed March 6, 2023.

Filed
Mar 6, 2023
Fiscal year
FY2022
Accession
0000950170-23-006169
(dollars in thousands)Year Ended December 31, 2022Year Ended December 31, 2021Year Ended December 31, 2020
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization10,6149,8539,921
Unrealized foreign currency (gain) loss(1,284)2,047346
Impairment of intangible assets850
Fair value adjustments to earnout liabilities(229)7041,193
Earnout payments(1,007)(587)
Loss (gain) on sale of property and equipment10(83)63
Amortization of debt discount371404415

Item 16. Form 10-K Summary

FAQ

What is Ceco Environmental's impairment charges?
Ceco Environmental (CECO) reported impairment charges of $0 in Q4 2022.
What does impairment charges mean?
Non-cash asset impairment charges added back in the operating cash flow reconciliation since they don't represent cash outflows.

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