v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 61,066 $ 33,144
Restricted cash 2,783 83
Accounts receivable, net of allowances of $7,834 and $9,866 458,990 172,909
Costs and estimated earnings in excess of billings on uncompleted contracts 139,342 115,614
Inventories 211,388 53,996
Prepaid expenses and other current assets 76,814 29,450
Prepaid income taxes 29,250 4,986
Total current assets 979,633 410,182
Property, plant and equipment, net 175,741 47,808
Right-of-use assets from operating leases 42,706 28,251
Goodwill 1,501,199 288,163
Intangible assets – finite life, net 999,431 96,966
Intangible assets – indefinite life 9,645 9,705
Deferred income taxes 0 449
Deferred charges and other assets 25,216 12,245
Total assets 3,733,571 893,769
Current liabilities:    
Current portion of debt 16,641 1,879
Accounts payable 195,955 117,848
Accrued expenses 114,193 57,639
Billings in excess of costs and estimated earnings on uncompleted contracts 323,920 123,726
Income taxes payable 1,577 4,738
Total current liabilities 652,286 305,830
Other liabilities 17,625 3,317
Debt, less current portion 711,065 210,559
Deferred income tax liability, net 236,445 27,920
Operating lease liabilities 35,012 22,961
Total liabilities 1,652,433 570,587
Commitments and contingencies (See Note 13)
Shareholders’ equity:    
Preferred stock, $0.01 par value; 10,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 100,000,000 shares authorized, 58,444,845 and 35,644,537 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 584 355
Capital in excess of par value 2,069,492 269,453
Retained earnings 21,455 56,621
Accumulated other comprehensive loss (15,673) (8,901)
Total CECO shareholders' equity 2,075,858 317,528
Non-controlling interest 5,280 5,654
Total shareholders' equity 2,081,138 323,182
Total liabilities and shareholders' equity $ 3,733,571 $ 893,769