Company profile

Ticker
CECE
Exchange
CEO
Dennis Robert Sadlowski
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
132566064

CECE stock data

(
)

Calendar

6 Aug 19
25 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 81.18M 86.01M 93.85M 88.26M
Net income 5.52M 1.86M 932K -12.92M
Diluted EPS 0.15 0.05 0.03 -0.37
Net profit margin 6.79% 2.17% 0.99% -14.63%
Operating income 2.02M 4.89M 5.73M -10.44M
Net change in cash 661K -15.51M 12.96M -4.84M
Cash on hand 28.83M 28.17M 43.68M 30.72M
Cost of revenue 54.33M 57.58M 64.08M 59.58M
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 second quarter of 2019 increased $0.1 million, to $81.2 million compared with $81.1 million in the second quarter of 2018. The increase is primarily attributable to increases in the Company’s products serving clean air and midstream oil & gas markets partially offset by the impact of the divested Zhongli business. Excluding the impact of the divested business, sales increased $1.3 million, or 1.6%.
  • Consolidated sales for the first six months of 2019 increased $12.0 million, or 7.7%, to $167.2 million compared with $155.2 million in the first six months of 2018. The increase is primarily attributable to volume growth for the Company’s refinery-related products and midstream oil & gas markets, partially offset by the impact of Divestitures. Excluding the impact of Divestitures, sales increased $19.7 million, or 13.4%.
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H.S. sophomore Avg
New words: advisory, automotive, commitment, customary, eighteen, Exhibit, focused, frequency, fume, incorporated, personnel, pledged, preferred, recommend, recommendation, redefined, reference, terminated, termination, unfavorable, vote, voting
Removed: deemed, dollar, duct, historically, portion, rare, reduction, restricting, statutory