CECO Environmental 2026年度季度报告

Delaware(State or other jurisdiction ofIncorporation or organization)5080 Spectrum DriveSuite 800EAddison, Texas(Address of principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒The number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practical date: 35,873,031 shares ofcommon stock, par value $0.01 per share, as of April 17, 2026. CECO ENVIRONMENTAL CORP.QUARTERLY REPORT ON FORM 10-QFor the quarter ended March 31, 2026 Table of Contents Part I –Financial Information Item 1. Financial Statements (unaudited)Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025Condensed Consolidated Statements of Comprehensive (Loss) Income for the three months ended March 31, 2026and 2025Condensed Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2026 and 2025Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025Notes to Condensed Consolidated Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures about Market RiskItem 4. Controls and ProceduresPart II –Other InformationItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. ExhibitsSignatures CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited) 1.Basis of Reporting for Consolidated Financial Statements The accompanying unaudited condensed consolidated financial statements of CECO Environmental Corp. and its subsidiaries (the“Company,” “CECO,” “we,” “us,” or “our”) have been prepared pursuant to the rules and regulations of the Securities and ExchangeCommission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared inaccordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed oromitted pursuant to those rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidatedfinancial statements of the Company contain all adjustments, consisting only of normal recurring adjustments, necessary to presentfairly the financial position as of March 31, 2026 and the results of operations, cash flows and shareholders’ equity for the three The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial These financial statements and accompanying notes should be read in conjunction with the audited financial statements and the notesthereto included in the Form 10-K. Unless otherwise indicated, all balances within tables are in thousands, except per share amounts. Recent Financial Accounting Pronouncements The Company considered the impact of all Accounting Standards Updates ("ASUs") issued by the Financial Accounting StandardsBoard ("FASB"). The ASUs issued but not listed below were assessed and determined to be either not applicable or are expected to Accounting Standards Adopted in Fiscal 2026 Effective January 1, 2026, the Company adopted ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement ofCredit Losses for Accounts Receivable and Contract Assets, which introduc