CECO Environmental Corp. Class Action Lawsuit - CECO

The filed complaint alleges that CECO Environmental Corp. made materially false and/or misleading statements and/or failed to disclose that: On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024. Among other items, CECO reported non-GAAPP earnings per share of $0.14, missing consensus estimates by $0.06, and revenue of $135.51 million, representing a 9.3% decline year-over-year and missing consensus estimates by $20.43 million. In the press release, CECO's Chief Executive Officer stated that "[w]e were disappointed that we fell short of the anticipated quarterly revenue and income outlook as a handful of customer-driven delays in larger projects could not be overcome by continued progress with margin expansion and other actions." Following this news, CECO's stock price fell over 14% on the same day.

In order to be eligible to join the CECO class action lawsuit, you must have incurred a loss on shares of CECO Environmental Corp. purchased during the class period listed above.