Is It Time To Consider Buying CECO Environmental Corp. (NASDAQ:CECO)?

As an investor, I'm always on the lookout for companies with strong growth potential and a solid track record. One company that has caught my eye recently is CECO Environmental Corp. (NASDAQ:CECO). With its focus on environmental solutions and a history of impressive growth, CECO is worth considering for your portfolio. Let's dive into the reasons why you might want to take a closer look at this company.

First and foremost, CECO has a compelling growth story. In 2023, the company's revenue increased by an impressive 28.92% compared to the previous year, reaching $544.85 million. This growth is driven by broad-based demand across various segments, particularly in Engineered Systems, where revenue increased by $10.5 million. While earnings decreased by -25.87% in 2023, it's essential to consider the impact of one-time items and other factors. The company's earnings per share (EPS) is expected to grow significantly in the coming years, with a forecasted EPS growth of 52.27% over the next five years.