17.05.05

17.5.2005: Meldung: Ceco Environmental Corp.: First Quarter Results - European Order

Ceco Environmental Reports First Quarter Results
Monday May 16, 8:00 am ET

NEW YORK, May 16 / Ceco Environmental Corp. (Nasdaq: CECE - News), a leading provider of industrial ventilation and pollution control systems, today announced first quarter results for the period ended March 31, 2005.

Revenue for the three-month period ended March 31, 2005 was $15.1 million compared to $14.1 million during the same quarter in 2004. Increased sales from our component parts and duct products lines partially offset by lower construction revenues accounted for most of the increase in sales.

Nearly all of Ceco"s operations showed increased bookings in 2005 as orders booked increased by 14% during the first quarter of 2005. In total, orders increased by $2.1 million to $17.1 million in 2005 compared to $15.0 million in the same quarter of 2004.

Richard Blum, President, stated, "The increase in bookings continues into 2005 and we feel confident that our results for 2005 will be favorably affected."

First quarter FY2005 gross profit was $2.2 million (14.4%) compared to $2.7 million (19.4%) during the first quarter in 2004. Gross margin in 2005 decreased due to lower contribution margins in our contracting group and increases in material prices.

Selling and administrative expenses were $2.8 million during the first quarter of 2005 compared to $2.6 million in the same period of 2004. Cost reduction initiatives implemented in 2004 were offset by non-recurring relocation expenses and increased compensation costs in the first quarter of 2005.

Operating loss for the first quarter FY2005 was $960,000 compared to an operating loss of $169,000 during the comparable period in 2004.

Net loss for the quarter ended March 31, 2005 was $632,000 or $0.06 per share compared to net loss of $421,000 or $0.04 per share for the same period in 2004.

Chairman and CEO, Phillip DeZwirek, commented, "Although the first quarter results were disappointing, we are encouraged by the significant increase in new business from a variety of different industries. Our backlog continues to be maintained and we anticipate improved financial performance in the second half of 2005 as these orders are completed."

About Ceco Environmental

Ceco Environmental Corp. is North America"s largest independent air pollution control company. Through its six subsidiaries -- Busch, Cecoaire, Ceco Filters, Ceco Abatement Systems, kbd/Technic and Kirk & Blum -- 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, aerospace, 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 http://www.cecoenviro.com/ .

Contact:
Corporate Information
Phillip DeZwirek, Ceco Environmental Corp.
Email: investors@cecoenviro.com
1-800-606-Ceco


Source: Ceco Environmental Corp.




Ceco Environmental Receives European Order and Maintains Record Backlog
Thursday May 12, 8:00 am ET

NEW YORK, May 12 / Ceco Environmental Corp. (Nasdaq: CECE - News), reported today that its wholly owned subsidiary, BUSCH International, has received an order from a French based engineering company for the BUSCH patented *JetStar strip cooling unit for a steel mill in Slovakia. The *JetStar unit will allow the mill to maximize production on a galvanizing line. The value of this order is $680,000.

Ceco also reports that bookings for the month of April were $10.9 million, maintaining Ceco"s estimated backlog at its record level of $26 million as of the end of April.

Phillip DeZwirek, Chairman and CEO of Ceco Environmental, stated that, "the quotation level and bookings remain very strong and will be reflected in the results for the second half of Ceco"s fiscal year ending December 31, 2005."

About Ceco Environmental

Ceco Environmental Corp. is North America"s largest independent air pollution control company. Through its six subsidiaries -- Busch, Cecoaire, Ceco Filters, Ceco Abatement Systems, kbd/Technic and Kirk & Blum -- 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, aerospace, 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 http://www.cecoenviro.com/ .

Contact:
Corporate Information
Phillip DeZwirek, Ceco Environmental Corp.
Email: investors@cecoenviro.com
1-800-606-Ceco


Source: Ceco Environmental Corp.
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