Schedule of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information represents the Company’s results of operations as if the GRC, Compass, and Western Air Ducts acquisitions had occurred on January 1, 2021:


	Three months ended June 30,				Six months ended June 30,
(table in thousands, except per share data)	2022		2021		2022		2021
Net sales	$	106,995	$	85,828	$	204,280	$	164,979
Net income attributable to CECO Environmental Corp.		4,573		431		7,508		2,415
Earnings per share:
Basic	$	0.13	$	0.01	$	0.21	$	0.07
Diluted	$	0.13	$	0.01	$	0.21	$	0.07

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.


(table only in thousands)
Current assets (including cash of $137)	$	4,963
Property and equipment		459
Goodwill		11,120
Intangible - finite life		8,380
Total assets acquired		24,922
Current liabilities assumed		(714	)
Deferred income tax liability		(388	)
Net assets acquired	$	23,820

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.


(table only in thousands)
Current assets (including cash of $334)	$	4,796
Property and equipment		101
Goodwill		4,848
Intangible - finite life		4,900
Total assets acquired		14,645
Current liabilities assumed		(623	)
Deferred income tax liability		(1,627	)
Net assets acquired	$	12,395

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.


(table only in thousands)
Current assets (including cash of $1,557)	$	2,711
Property and equipment		188
Goodwill		9,712
Total assets acquired		12,611
Current liabilities assumed		(1,127	)
Deferred income tax liability		(34	)
Net assets acquired	$	11,450