XML 44 R36.htm IDEA: XBRL DOCUMENT v3.25.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2025
Profire Energy Inc [Member]  
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of closing.

(in thousands)

 

 

 

Current assets (including cash and cash equivalents of $22,675 and accounts receivable of $14,151)

 

$

54,867

 

Property and equipment

 

 

17,416

 

Intangible - finite life

 

 

41,810

 

Goodwill

 

 

25,656

 

Other assets

 

 

343

 

Total assets acquired

 

 

140,092

 

Current liabilities assumed

 

 

(8,567

)

Deferred income tax liability

 

 

(10,852

)

Other liabilities assumed

 

 

(291

)

Net assets acquired

 

$

120,382

 

Verantis Environmental Solutions Group [Member]  
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of closing.

(in thousands)

 

 

 

Current assets (including accounts receivable of $10,557)

 

$

21,107

 

Property and equipment

 

 

373

 

Intangible - finite life

 

 

22,070

 

Goodwill

 

 

48,722

 

Other assets

 

 

118

 

Total assets acquired

 

 

92,390

 

Current liabilities assumed

 

 

(17,595

)

Deferred income tax liability

 

 

(8,371

)

Other liabilities assumed

 

 

(928

)

Net assets acquired

 

$

65,496

 

WK Group [Member]  
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of closing.

(in thousands)

 

 

 

Current assets (including accounts receivable of $9,705)

 

$

20,294

 

Property and equipment

 

 

853

 

Intangible - finite life

 

 

3,114

 

Goodwill

 

 

3,772

 

Other assets

 

 

441

 

Total assets acquired

 

 

28,474

 

Current liabilities assumed

 

 

(12,533

)

Deferred income tax liability

 

 

(1,542

)

Other liabilities assumed

 

 

(1,320

)

Net assets acquired

 

$

13,079

 

EnviroCare International LLC [Member]  
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of closing.

(in thousands)

 

 

 

Current assets (including cash of $596 and accounts receivable of $405)

 

$

3,111

 

Property and equipment

 

 

17

 

Intangible - finite life

 

 

7,250

 

Goodwill

 

 

11,389

 

Total assets acquired

 

 

21,767

 

Current liabilities assumed

 

 

(5,065

)

Net assets acquired

 

$

16,702

 

Schedule of Unaudited Pro Forma Financial Information The following unaudited pro forma financial information represents the Company’s results of operations as if these acquisitions had occurred at the beginning of the fiscal year prior to the acquisition.

 

 

Three months ended March 31,

 

 

(in thousands, except per share data)

 

2025

 

 

2024

 

 

Net sales

 

$

176,697

 

 

 

163,957

 

 

Net income attributable to CECO Environmental Corp.

 

 

35,984

 

 

 

310

 

 

Earnings per share:

 

 

 

 

 

 

 

Basic

 

$

1.03

 

 

$

0.01

 

 

Diluted

 

$

0.98

 

 

$

0.01