CECO Environmental Corp.
Rick Blum, President and Chief Operating Officer, stated, "These orders were secured by our Kirk & Blum and Fisher-Klosterman subsidiaries. Kirk & Blum's order is for equipment that will be installed at a new foreign-owned automotive manufacturing facility in the southeastern United States. That order, coupled with one we announced in August means that we now have commitments for $5.0 million worth of work at that facility. The Fisher-Klosterman order is for equipment that will be shipped to a petrochemical facility in Taiwan."
Phillip DeZwirek, Chairman and Chief Executive Officer, stated, "In a difficult economic environment, our bookings continue to be maintained. Bookings through August stand at approximately $126 million as compared to $130 million at the same time last year. More significantly, our backlog has remained steady. At the beginning of this year the backlog was approximately $85 million and at the end of July it was approximately $84 million. To be able to maintain our revenue stream at this time is very encouraging for CECO's prospects going forward."
ABOUT CECO ENVIRONMENTAL
CECO Environmental Corp. is North America's largest independent air pollution control company. Through its subsidiaries -- Busch, CECOaire, CECO Filters, CECO Abatement Systems, kbd/Technic, Kirk & Blum, H. M. White, Inc., Effox, GMD, Fisher-Klosterman, Flextor and AVC Specialists -- CECO provides a wide spectrum of air quality services and products including: industrial air filters, environmental maintenance, monitoring and management services, and air quality improvements systems. CECO is a full-service provider to the steel, military, aluminum, automotive, ethanol, aerospace, electric power, semiconductor, chemical, cement, metalworking, glass, foundry and virtually all industrial process industries.
For more information on CECO Environmental, please visit the company's website at www.cecoenviro.com
Contact: Corporate Information Phillip DeZwirek, CECO Environmental Corp. Email:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in CECO's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include changes in market conditions in the industries in which the Company operates. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.
First Call Analyst:
SOURCE: CECO Environmental Corp.
Contact: Phillip DeZwirek, CECO Environmental Corp.,
Web site: http://www.cecoenviro.com/