CECO: Sales and orders surged on power demand as Thermon expanded, while acquisition costs weighed on GAAP results

Q3 sales more than doubled, with 41% organic growth and strong power-generation demand; adjusted operating margin expanded to 13.8%. Thermon added scale but acquisition-related inventory charges and financing costs contributed to reported losses.

Original document: CECO Environmental Corp. [CECO] SEC 10-Q Quarterly Report — Nov. 9 2026