CECO Environmental jumps on lifting forecast after Thermon deal

CECO Environmental

09/06/2026 13:01

** 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

 (Reporting by Utkarsh Hathi)
 ((utkarshtushar.hathi@thomsonreuters.com))