CINCINNATI, Sept. 4, 2013 /PRNewswire/ -- CECO
Environmental Corp. (NasdaqGM: CECE), a leading global provider
of air pollution control technology, fluid handling solutions and
industrial filtration and ventilation systems, today
announced that its Board of Directors has declared a quarterly cash
dividend of $0.05 per share. The
dividend will be paid on September 30,
2013 to all shareholders of record at the close of business
on September 16, 2013. CECO
initiated a Dividend Reinvestment Plan ("DRIP") in 2012 that
provides for the voluntary reinvestment of dividends by its
stockholders.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global provider of air pollution
control technology, fluid handling solutions and industrial
filtration and ventilation systems. Through its subsidiaries –
Met-Pro, Aarding, Adwest Technologies, Busch International, CECO
Filters, CECO Abatement Systems, Kirk & Blum, Effox-Flextor,
Fisher-Klosterman/Buell, CECO China. – CECO provides a wide
spectrum of air, water and sound products, parts, and services
including engineered equipment, cyclones, scrubbers, dampers,
diverters, RTO's, component parts and monitoring and management
services. Industries served include refining, petrochemical, power,
natural gas, aluminum, steel, automotive, chemical and large
industrial processes. These products play a vital role in helping
companies achieve exacting production standards and meet
increasingly stringent emissions control regulations around the
globe. CECO Environmental is focused on building long-term
shareholder value by bringing its unique portfolio and operational
excellence to key growth markets around the world, while
maintaining the highest standards in employee development and
safety. CECO is listed on NASDAQ under the ticker symbol "CECE".
For more information on CECO Environmental, please visit the
company's website at http://www.cecoenviro.com.
Corporate Information
Jason DeZwirek,
Chairman
Jeff Lang, Chief Executive
Officer
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, but are
not limited to: our ability to successfully integrate Met-Pro's
operations and realize the synergies from the acquisition, as well
as a number of factors related to our business and that of Met-Pro,
including economic and financial market conditions generally and
economic conditions in CECO's and Met-Pro's service areas; our
dependence on fixed price contracts and the risks associated
therewith, including actual costs exceeding our estimates and our
method of accounting for contract revenue; our history of losses
and possibility of further losses; fluctuations in operating
results from period to period due to seasonality of our business;
the effect of growth on our infrastructure, resources, and existing
sales; our ability to expand our operations in both new and
existing markets; the potential for contract delay or cancellation;
the potential for fluctuations in prices for manufactured
components and raw materials; the impact of federal, state or local
government regulations; economic and political conditions
generally; and the effect of competition in the air pollution
control and industrial ventilation industry. Should one or more of
these risks or uncertainties materialize, or should the assumptions
prove incorrect, actual results may vary in material aspects from
those currently anticipated. Investors are cautioned not to place
undue reliance on such forward-looking statements as they speak
only to our views as of the date the statement is made. Except as
required by law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether because of new
information, future events or otherwise.
SOURCE CECO Environmental Corp.