CINCINNATI, March 9, 2012 /PRNewswire/ -- CECO
Environmental Corp. (NasdaqGM: CECE), a leading global provider
of air pollution control technology and industrial ventilation
systems, today announced that its Board of Directors is raising its
quarterly cash dividend by forty percent to $0.035 per share from the previous quarterly
dividend of $0.025 per share. The
dividend will be paid on March 30,
2012, to all shareholders of record at the close of business
on March 20, 2012.
Jeff Lang, CECO's Chief Executive
Officer stated, "With our record profits and cash flow achieved in
2011, we are confident in the long term financial strength and
growth prospects for CECO. We believe the increased dividend
provides value for our current shareholders and is also attractive
to new shareholders."
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global provider of air pollution
control technology. Through its subsidiaries – Busch
International, CECO Filters, CECO Abatement Systems, Kirk &
Blum, Effox-Flextor, Fisher-Klosterman/Buell, CECO China and A.V.C.
Specialists – CECO provides a wide spectrum of air quality products
and services including engineered equipment, cyclones, scrubbers,
dampers, diverters, RTO's, component parts and monitoring and
management services. Industries served include refining,
petro-chemical, power, aluminum, steel, automotive, chemical and
large industrial processes. Revenue from engineered equipment
technology is approximately 75% and 25% from parts, services and
aftermarket. Global growth, operational excellence, margin
expansion, safety leadership and employee development are CECO's
core strategies and long term objectives.
For more information on CECO Environmental, please visit the
company's website at http://www.cecoenviro.com.
Contact:
Corporate Information
Jeff Lang, CECO
Environmental Corp.
1-800-333-5475
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All forward-looking statements are subject to certain
risks, uncertainties and assumptions. These risks and
uncertainties, which are more fully described in CECO's Annual and
Quarterly Reports filed with the Securities and Exchange
Commission, include changes in market conditions in the industries
in which the Company operates. Should one or more of these
risks or uncertainties materialize, or should the assumption prove
incorrect, actual results may vary in material aspects from those
currently anticipated.
SOURCE CECO Environmental Corp.