Company Profile

  • A leading environmentally focused diversified industrial company providing engineered solutions that protect people, industrial equipment and the environment
  • Industry-leading brands with decades of accumulated proprietary know-how and applications expertise in Industrial Air, Industrial Water, and Energy Transition solutions
  • Global footprint with headquarters in Dallas, Texas, and locations in Europe, UAE, India and Asia
  • ≈ 900 employees
  • Low capex operating model delivering robust cash flows
  • Healthy balance sheet
  • Balanced capital deployment

Balanced Profile

Balanced Profile Image

Key Metrics

ORDERS
$M

+23%YoY

REVENUE
$M

+26%YoY

ADJ EBITDA
$M

+37%YoY

Trailing 12-month performance as of 6.30.23

Large and Growing Addressable Customer Markets

INVESTMENT HIGHLIGHTS

Market leader in attractive niche applications with distinct competitive advantages: 

  • Opportunity pipeline > $2.7B
  • Large Installed Base > $7B
  • Global Presence

Balanced growth across Industrial Air, Industrial Water and Energy end markets

  • Well positioned for high organic growth
  • Q2’23 Orders of $163M, +43% y/y
  • FY’22 orders up 46%

Improving operating margins

  • Mid-teens Adj EBITDA margin by 2025

​​​​​​​Sustained Value Creator

  • 20M, 3-year share repurchase program 
  • Inaugural ESG Report published Q2’22 
  • ~$50M deployed on accretive M&A
  • Selective organic investments

 

Industrial Air

~$7.5B MARKET SIZE
5-7% CAGR

Solutions

Air Filtration, Dust Collectors, Fume Removal, Oil Mist Elimination Silencers, Thermal Oxidizers, Wet/Dry Scrubbers, Noise Abatement

Key Brands:

PeerlessFlex KleenEnvironmental Integrated SolutionsWestern AirductsAardingFisher KlostermanFybrocWakefield AcousticsAdwestHEE Duall

Industrial Water

~$2.5B MARKET SIZE
4-6% CAGR

Solutions:

Produced Water Treatment, Oily Water Separation, UHP Water Supply, Elastomeric Shutoff and Non-return Valves, Expansion Joints, Centrifugal Pumps

Key Brands:

PeerlessCompassDS 21FybrocGeneral RubberDean Pump

Energy Transition

~$3.5B MARKET SIZE
3-5% CAGR

Solutions:

Gas & Liquid Separation, Natural Gas Pre-Treatment, Catalyst Recovery, RNG/CO2 Separation and Upgrading, Emissions & Exhaust Management

Key Brands:

PeerlessAardingEmtrol Buell TechnologiesCCATranscend

Value Creation Priorities

  • Sustain above-market organic growth with commercial excellence programs
  • Deliver operating improvements generating 100+ bps per year of EBITDA margin expansion
  • Increase short-cycle and recurring revenue business mix
  • Programmatic M&A building niche leadership in focused markets and increasing short cycle revenue
  • Disciplined capital deployment with robust operating cash flows
  • Rebalance portfolio end market exposure

Investor Information

Global Headquarters – U.S.A

14651 Dallas Parkway, Suite 500
Dallas, TX 75254 USA

Todd Gleason

Chief Executive Officer

Peter Johansson

CFO Chief Strategy Officer

CECO Environmental Investor Relations

888-990-6670
[email protected]

Steven Hooser or Jean Marie Young

Three Part Advisors, LLC
214-872-2710

Investment Data

Change
Fiscal Year End
December 31
Market Cap
52 Week High
52 Week Low
Shares Outstanding
Volume

Minimum 15 minutes delayed. Source: LSEG

Safe Harbor Forward-Looking Statement

Any forward looking statements made in conjunction with this presentation are based on management’s beliefs as well as assumptions made by and information currently available to management. Although the Company believes that the expectations in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. Please refer to the Company’s annual 10-K report for further discussion of forward looking statements.

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