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Ceco Environmental Corp (CECE) |
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Ceco Environmental's Suppliers Performance
CECE's Supply Chain
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CECE Costs vs Sales of Suppliers Growth |
Ceco Environmental's Suppliers recorded an increase in sales by 92.1 % year on year in Q4 2021, sequentially sales grew by 58.2 %, Ceco Environmental recorded an increase in cost of sales by 14.33 % year on year, sequentially cost of sales grew by 13.24 % in Q4.
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Ceco Environmental's Suppliers recorded an increase in sales by 92.1 % year on year in Q4 2021, sequentially sales grew by 58.2 %, Ceco Environmental recorded increase in cost of sales by 14.33 % year on year, sequentially cost of sales grew by 13.24 % in Q4.
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News about Ceco Environmental Corp Contracts |
Ceco Environmental's Comment on Supply Chain
We purchase our raw materials and supplies from a variety of global sources.
When possible, we directly secure angle iron and sheet plate products from steel
mills, whereas other materials are purchased from a variety of steel service
centers. Steel prices have been volatile, but we typically mitigate the risk
of higher prices by including a “surcharge” on our standard products.
On contract work, we mitigate the risk of higher prices by including the current
price in our estimate and generally include price inflation clauses for protection.
We believe we have a good relationship with our suppliers and do not anticipate
any difficulty in continuing to purchase such items on terms acceptable to us.
We have not experienced difficulty in procuring a sufficient supply of materials
in the past. We typically agree to billing terms with our suppliers ranging
from net 30 to 45 days. To the extent that our current suppliers are unable
or unwilling to continue to supply us with materials, we believe that we would
be able to obtain such materials from other suppliers on acceptable terms.
Typically, on turnkey projects, we subcontract such things as electrical work,
concrete work, controls, conveyors and insulation. We use subcontractors with
whom we have good working relationships and review each project both at the
beginning and on an ongoing basis to help ensure that all work is being done
according to our specifications. Subcontractors are generally paid when we are
paid by our customers according to the terms of our contract with the customer.
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