CECO Environmental (CECE) Q4 2019 Earnings Call Transcript

CECO Environmental (CECE) Q4 2019 Earnings Call Transcript

On the call today is Dennis Sadlowski, chief executive officer; and myself, Matt Eckl, chief financial officer.. Any statements made in today's presentation that are not based on historical facts are forward-looking statements.. As in past calls, I will be reviewing our results and discussing the outlook of our markets with a few added comments on how they could be influenced by the global coronavirus pandemic.. In the past couple of years, we've upgraded the leadership team, expanded our international footprint, made investments in new product innovation, streamlined our operations and substantially improved the capital structure.. Moving to Slide 4, you can see the results of the team's exceptional execution around our blueprint four-three-three strategy since it was implemented two years ago.. And in two years' time, we've delivered 29% growth in organic orders, an increase of $85 million.. The chart on the right highlights an improvement in our EBITDA of 10%, which came while also making a much needed reinvestment in CECO's future growth potential.. All of the results demonstrate the progress that the CECO team is making as we execute our plans.. Only in new orders that we fall short as our streak of steadily increasing results was