CECO ENVIRONMENTAL CORP CECE Income Statement

Ceco environmental corp (CECE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
80,486	89,413	85,266	81,179	86,011	93,855	88,256	81,089	74,139	-	84,987	93,870	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net sales
-	-	-	-	-	-	-	-	-	-	-	-	92,651	-	101,596	112,258	103,175	101,246	98,230	86,961	80,985	76,106	63,300	66,641	57,170	68,727	49,796	44,433	34,361	34,332	33,102	34,592	33,026	37,752	32,947	32,537	35,956	33,860	34,776
Cost of sales
52,207	59,369	56,489	54,333	57,579	63,705	59,582	53,937	48,578	47,897	57,854	65,384	60,722	64,315	67,920	78,328	71,589	70,473	67,435	60,333	60,010	-	42,242	45,192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,441	-	35,242	30,136	23,177	23,148	22,574	24,045	22,842	26,453	23,249	23,839	27,483	26,132	26,377
Gross profit
28,279	30,044	28,777	26,846	28,432	30,150	28,674	27,152	25,561	25,646	27,133	28,486	31,929	35,667	33,676	33,930	31,586	30,773	30,795	26,628	20,975	22,587	21,058	21,449	19,729	21,520	14,554	14,297	11,184	11,184	10,528	10,547	10,184	11,299	9,698	8,698	8,473	7,728	8,399
Selling and administrative expenses
21,953	20,417	21,823	22,426	21,312	21,706	22,216	21,967	21,573	22,285	21,958	21,476	23,256	21,118	19,549	20,131	20,945	21,171	18,054	14,443	13,661	15,038	13,038	11,685	11,679	13,060	9,346	8,100	6,592	6,705	6,197	6,186	6,341	7,401	6,270	5,741	5,947	6,648	6,904
Amortization expenses
1,713	-	-	-	2,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and earn-out (income) expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,465	4,914	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and earnout expenses
-	-	2,166	2,153	-	2,289	1,998	2,493	2,903	-	-	-	7,323	-	-	-	4,797	5,624	9,250	6,735	4,004	2,863	2,394	2,406	2,488	3,836	2,017	591	317	-	-	-	-	-	-	-	-	-	-
Restructuring expenses (income), net
-	-	729	-	-	-	-173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring expenses
374	-	-	249	-	-	-	38	112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and earnout expenses (income)
-	-	-	-	-	-	-	-	-	-	-455	-2,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	0	163	324	37	962	5,685	962	331	948	81	170	70	-59	4,047	2,299	937	-	-	-	-	-	-	-	-	-	-
Loss on divestitures, net of selling costs
-	0	0	0	-70	-420	-15,074	-73	11,177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Amortization and earn out expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	76	96	100	118	112	111	118	125
Legal reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	-	-	-	2,500	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of operating property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	608	-
Income from operations
4,239	7,023	4,059	2,018	4,890	5,712	-10,441	2,581	12,150	-8,211	5,630	9,255	1,350	-50,429	10,499	8,561	5,807	-324	-2,194	4,488	2,979	3,738	5,245	7,188	5,492	3,683	-3,356	3,307	3,338	4,400	4,251	4,285	3,747	3,798	3,310	2,845	2,415	1,570	1,370
Other income (expense), net
975	656	-73	808	-640	-228	592	-373	-356	-35	-110	360	-109	-85	14	-399	780	-625	-282	562	-1,736	-625	-1,459	-121	-106	818	92	-59	131	-19	-69	1	-65	16	103	360	-27	-68	32
Interest expense
1,023	1,077	1,316	1,460	1,544	1,698	1,729	1,793	1,920	1,770	1,595	1,645	1,711	1,717	1,913	1,980	2,102	2,119	1,711	1,174	960	883	767	746	742	792	456	154	97	340	291	266	271	267	296	284	290	341	308
Income before income taxes
4,191	6,602	2,670	1,366	2,706	3,786	-11,578	415	9,874	-10,016	3,925	7,970	-470	-52,231	8,600	6,182	4,485	-3,068	-4,187	3,876	283	-	3,019	6,321	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,644	-	-3,720	3,094	3,372	4,041	3,891	4,020	3,411	3,547	3,117	2,921	2,098	1,161	1,094
Income tax expense
779	-1,795	739	-4,149	842	2,854	1,337	1,316	4,111	1,573	889	2,484	-508	-1,059	2,774	2,145	1,430	143	638	1,772	85	370	-684	1,828	1,623	942	-2,259	51	1,164	989	623	1,535	1,366	805	798	968	840	488	417
Net income
3,412	8,397	1,931	5,515	1,864	932	-12,915	-901	5,763	-11,589	3,036	5,486	38	-51,172	5,826	4,037	3,055	-3,211	-4,825	2,104	198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	0	22	-13	-45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	673	677
Loss from discontinued operations, net of income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-95
Net loss attributable to CECO Environmental Corp.
-	-	-	-	-	-	-	-	-	-	-	-	-	-51,172	5,804	4,050	3,100	-3,079	-4,825	2,104	198	1,860	3,703	4,493	3,021	2,767	-1,461	3,043	2,208	3,052	3,268	2,485	2,045	2,742	2,319	1,953	1,258	683	582
Earnings per share:
Basic income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.05
Basic loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01
Basic
0.10	0.24	0.06	0.16	0.05	0.02	-0.37	-0.03	0.17	-0.34	0.09	0.16	0.00	-1.50	0.17	0.12	0.09	-0.11	-0.17	0.08	0.01	0.07	0.14	0.18	0.12	0.10	-0.07	0.17	0.13	0.20	0.22	0.17	0.14	0.19	0.16	0.14	0.09	0.05	0.04
Diluted income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.05
Diluted loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01
Diluted
0.10	0.25	0.05	0.15	0.05	0.02	-0.37	-0.03	0.17	-0.34	0.09	0.16	0.00	-1.50	0.17	0.12	0.09	-0.11	-0.17	0.08	0.01	0.07	0.14	0.17	0.12	0.10	-0.07	0.17	0.12	0.19	0.19	0.15	0.12	0.17	0.14	0.12	0.08	0.05	0.04
Weighted average number of common shares outstanding:
Basic
35,155	35,121	35,070	34,923	34,835	34,815	34,779	34,669	34,592	34,573	34,518	34,473	34,215	34,060	33,983	33,946	33,928	33,994	28,617	26,283	26,271	26,062	25,691	25,643	25,606	25,674	19,965	17,750	17,078	15,479	14,630	14,615	14,527	14,525	14,371	14,334	14,313	14,320	14,304
Diluted
35,394	35,369	35,624	35,582	35,360	34,767	34,779	34,669	34,641	33,789	34,621	34,806	34,563	33,285	34,354	34,161	34,116	33,261	28,617	26,627	26,660	26,435	26,129	26,107	26,115	26,785	19,965	18,355	17,774	17,386	17,258	17,211	17,128	17,068	17,157	17,141	17,093	17,128	17,111