CECO Environmental Corp (CECE) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET

Company Participants

Steven Hooser - IR

Todd Gleason - CEO & Director

Matthew Eckl - CFO

Conference Call Participants

Amit Dayal - H.C. Wainwright & Co.

Rob Brown - Lake Street Capital Markets

Gerard Sweeney - ROTH Capital Partners

William Dezellem - Tieton Capital Management

Operator

Good morning, and welcome to the CECO Environmental Corporation First Quarter 2022 Earnings Call. [Operator Instructions].

I would now like to turn the conference over to Steven Hooser, Investor Relations. Please go ahead.

Steven Hooser

Thank you for joining us on the CECO Environmental first quarter 2022 earnings call. On the call with me today is Todd Gleason, Chief Executive Officer; and Matt Eckl, Chief Financial Officer.

Before we begin, I'd like to note that we have provided a slide presentation to help guide our discussion. The call will be webcast along with that slide presentation, which is on our website at cecoenviro.com. Presentation materials can be accessed through the Investor Relations section of the website.

I'd also like to caution investors regarding forward-looking statements. Any statements made in today's presentation that are not based on historical facts are forward-looking statements. Such statements are based on certain estimates and expectations and are subject to a number of risks and uncertainties. Actual future results may differ materially from those expressed or implied by the forward-looking statements. We encourage you to read the risks described in our SEC filings, including on Form 10-K for the year ended December 31, 2021. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements that we make here today, whether as a result of new information, future events or otherwise.

Today's presentation will also include references to certain non-GAAP financial measures. We reconciled the comparable GAAP and non-GAAP numbers in today's press release as well as the supplemental tables in the back of the slide deck.

With that, I'd now like to turn the call over to Chief Executive Officer, Todd Gleason. Todd?

Todd Gleason

Thanks, Steven, and good day, everyone. We're going to start with Slide #3 of the presentation that Steven mentioned to follow along with our prepared remarks. We look forward to discussing our first quarter 2022 results in detail as well as reviewing our full year outlook, which was highlighted for the first time in our earnings release. We will also discuss this morning's announced $20 million share repurchase program and our recent acquisition of Compass Water Solutions, which we closed last week. We issued separate press releases regarding both of these earlier today, and we encourage you to read those releases as they do provide additional information.