Company profile

Ticker
CECE
Exchange
CEO
Dennis Robert Sadlowski
Employees
Incorporated in
Location
Fiscal year end
Former names
API ENTERPRISES INC, ALARM PRODUCTS INTERNATIONAL INC
SEC CIK
IRS number
132566064

CECE stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

6 Nov 19
12 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 85.27M 81.18M 86.01M 93.85M
Net income 1.93M 5.52M 1.86M 932K
Diluted EPS 0.05 0.15 0.05 0.03
Net profit margin 2.26% 6.79% 2.17% 0.99%
Operating income 4.06M 2.02M 4.89M 5.73M
Net change in cash 135K 661K -15.51M 12.96M
Cash on hand 28.96M 28.83M 28.17M 43.68M
Cost of revenue 56.49M 54.33M 57.58M 64.08M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 337.34M 345.05M 417.01M 367.42M
Net income -7.12M -3.03M -38.22M -5.6M
Diluted EPS -0.21 -0.09 -1.12 -0.19
Net profit margin -2.11% -0.88% -9.16% -1.52%
Operating income 10M 8.02M -25.56M 4.95M
Net change in cash 13.77M -15.92M 11.63M 16.03M
Cash on hand 43.68M 29.9M 45.82M 34.19M
Cost of revenue 225.8M 231.86M 282.15M 258.25M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • In 2018, we divested three non-core businesses; Keystone filter brand (“Keystone”) and Strobic Air Corporation (“Strobic”) in the first quarter and Jiangyin Zhongli Industrial Technology Co. Ltd. (“Zhongli”) in the fourth quarter (collectively, the “Divestitures”).  The exclusion of the operating results of the Divestitures subsequent to their disposition impacts the comparability of our consolidated and segment operating results.
  • Consolidated sales for the third quarter of 2019 decreased $3.0 million, or 3.4%, to $85.3 million compared with $88.3 million in the third quarter of 2018. The decrease is primarily attributable to the impact of the divested Zhongli business. Excluding the impact of Zhongli, sales decreased $1.4 million, or 1.6% due to a decrease in the Company’s selective catalytic reduction (“SCR”) solutions.
  • Consolidated sales for the first nine months of 2019 increased $9.0 million, or 3.7%, to $252.5 million compared with $243.5 million in the first nine months of 2018. The increase is primarily attributable to volume growth for the Company’s refinery-related products, industrial air pollution products, power generated natural gas and midstream oil & gas products, partially offset by the impact of the Divestitures. Excluding the impact of 2018 Divestitures, sales grew organically by $18.2 million, or 7.8%.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
New words: grew, outlined, refinancing
Removed: intercompany, occurred, serve