NEW YORK, NY / ACCESS Newswire / January 24, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws.
CECO issued a press release on January 16, 2025, "announc[ing] preliminary financial results for the fourth quarter and full year 2024 and provid[ing] an update on further portfolio transformation." Among other items, CECO lowered its 2024 revenue guidance to the range of $555 million to $558 million, compared to its previous guidance of $575 million to $600 million. CECO also announced its intent to divest its Fluid Handling business by the end of the first quarter of 2025 and to use the sale proceeds to pay down debt and position the Company’s balance sheet for future strategic growth investments.
Following this news, CECO’s stock price fell over 7% on January 17, 2025. To obtain additional information, go to:
https://zlk.com/pslra-1/ceco-environmental-corp-lawsuit-submission-form-2?prid=124819&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on ACCESS Newswire
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