v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 72,066 $ 33,144
Restricted cash 1,630 83
Accounts receivable, net of allowances of $7,583 and $9,866 415,494 172,909
Costs and estimated earnings in excess of billings on uncompleted contracts 144,735 115,614
Inventories 182,887 53,996
Prepaid expenses and other current assets 103,104 29,450
Income tax receivable 38,280 4,986
Total current assets 958,196 410,182
Property, plant and equipment, net 172,852 47,808
Right-of-use assets from operating leases 40,815 28,251
Goodwill 1,506,007 288,163
Intangible assets – finite life, net 985,553 96,966
Intangible assets – indefinite life 9,647 9,705
Deferred income taxes 1,008 449
Deferred charges and other assets 27,078 12,245
Total assets 3,701,156 893,769
Current liabilities:    
Current portion of debt 15,999 1,879
Accounts payable 205,858 117,848
Accrued expenses 130,529 57,639
Billings in excess of costs and estimated earnings on uncompleted contracts 388,132 123,726
Income taxes payable 0 4,738
Total current liabilities 740,518 305,830
Other liabilities 19,171 3,317
Debt, less current portion 583,321 210,559
Deferred income tax liability, net 236,389 27,920
Operating lease liabilities 32,981 22,961
Total liabilities 1,612,380 570,587
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, 58,613,676 and 35,644,537 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 585 355
Capital in excess of par value 2,071,507 269,453
Retained earnings 19,437 56,621
Accumulated other comprehensive loss (7,537) (8,901)
Total CECO shareholders' equity 2,083,992 317,528
Non-controlling interest 4,784 5,654
Total shareholders' equity 2,088,776 323,182
Total liabilities and shareholders' equity $ 3,701,156 $ 893,769