CECO Environmental Corp. (NASDAQ: CECE) is a company that supplies industries with fluid handling and air quality management systems, at a global level. The rise CECE stock has seen in the last few months is spectacular, especially considering the bearish conditions surrounding the market.

New Management Proves to be a Blessing for CECO Environmental.

The climb seen in the price of CECE stock is extraordinarily remarkable. In the last six months, when the S&P 500 dipped by 10%. CECE saw a climb of almost 70%. This turnaround comes after the company transformed and restructured its entire business model with the coming of a fresh management team, which is well aligned to shareholders’ interests, given the 16% insider ownership.

The shift comes in CECO restructuring to become a short-cycle project business, as opposed to a long-cycle one, which has resulted in substantially higher profit margins. This can be reflected in its basic EPS jump in June 2022 to $0.13, compared to the prior year’s figure of a mere $0.01.

Looking Ahead at CECE

It is evident that CECE stock has been enjoying a tremendous climb as a result of its business turnaround. This is also sees support from secular tailwinds, and a much more predictable income stream.

Analysts have pointed out that CECE stock could potentially continue double-digit growth throughout the upcoming years. This is primarily due to the superior environmental and pollution-related solutions that CECO offers to the various industries it serves. As a result, the stock is an extremely sustainable one, to bet on.

Conclusion

The turnaround tale of CECE stock is unlike any other, given how its new management has turned the company into a rapid growth rocket. This has clearly yielded a fundamental success, as well as a tremendous price escalation.