Acquisitions and Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information represents the Company’s results of operations as if the EIS acquisition and the joint venture with Mader had occurred on January 1, 2020:

	Three months ended June 30,				Six months ended June 30,
(table in thousands, except per share data)	2021		2020		2021		2020
Net sales	$	78,680	$	79,809	$	150,572	$	168,608
Net income attributable to CECO Environmental Corp.		293		3,834		1,474		8,198
Earnings per share:
Basic	$	0.01	$	0.11	$	0.04	$	0.23
Diluted	$	0.01	$	0.11	$	0.04	$	0.23

Environmental Integrated Solutions [Member]

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 $4,212)	$	6,416
Property and equipment		26
Other assets		44
Goodwill		7,022
Intangible - finite life		4,840
Total assets acquired		18,348
Current liabilities assumed		(6,514	)
Deferred income tax liability		(920	)
Net assets acquired	$	10,914

Mader Holdings L.P. | Joint Venture Agreement

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 JV agreement date.

(table only in thousands)
Current assets (including cash of $229)	$	2,040
Property and equipment		103
Goodwill		2,085
Deferred income tax asset		287
Total assets acquired		4,515
Current liabilities assumed		(515	)
Other liabilities		(500	)
Long term debt		(2,508	)
Net assets acquired	$	992