CECO Environmental Corp. (NASDAQ: CECO) updated its full-year 2026 financial outlook following the completion of its acquisition of Thermon Group Holdings, Inc., which closed June 1.

The company now expects full-year revenue between $1.275 billion and $1.375 billion, representing approximately 20 percent growth year-over-year at the midpoint. Adjusted EBITDA is projected between $195 million and $225 million, up approximately 25 percent at the midpoint compared to the previous year.

The guidance reflects seven months of contribution from Thermon, from June through December 2026. CECO expects to generate free cash flow of at least 55 percent of adjusted EBITDA for the full year.

"Week one activities were positively received by employees, channel partners, customers and investors," said Todd Gleason, chairman and chief executive officer. "Our detailed integration program ensured we experienced no operating challenges and we have already begun to capture cost and growth synergies."

The company maintains its expectation to generate $40 million or more in cost synergies from the transaction. Gleason noted that early June orders for legacy CECO businesses have exceeded previous records.

CECO cited strong market opportunities in power generation, data centers, semiconductors and industrial reshoring projects as factors supporting its outlook.

The company will host a conference call on Tuesday to discuss the combination and provide updates on integration and synergy matters.

CECO Environmental is a diversified industrial company focused on environmental solutions, serving industrial air, water and energy transition markets globally through its engineered systems and industrial process solutions segments.