Welcome to our dedicated page for Fuel Tech news (Ticker: FTEK), a resource for investors and traders seeking the latest updates and insights on Fuel Tech stock.
Fuel Tech, Inc. (NASDAQ: FTEK) is a technology company that develops proprietary emissions control, process optimization, and water treatment solutions for utility and industrial applications. The FTEK news feed on Stock Titan highlights company announcements, financial updates, and project awards that reflect the performance and deployment of its Air Pollution Control (APC), FUEL CHEM, and Dissolved Gas Infusion (DGI®) technologies.
Investors and industry observers can use this page to follow quarterly earnings releases, including detailed segment performance for APC and FUEL CHEM, gross margin trends, and commentary on cash, investments, and backlog. Fuel Tech regularly issues press releases in connection with its quarterly results and files related Form 8-K reports with the SEC, providing insight into how its emissions control and water treatment businesses are progressing.
The news stream also covers contract awards and project wins for SCR, SNCR, ASNCR, and ULTRA systems, as well as reagent delivery equipment and advanced engineering engagements. These items often describe orders from customers in the United States, Europe, and Southeast Asia, and show how Fuel Tech’s technologies are being applied to coal-fired units, gas-fired industrial process units, biomass units, renewable energy facilities supporting green hydrogen production, and data center-related power projects.
Additional updates include information on DGI demonstrations in water and wastewater settings, such as fish hatcheries, and corporate events like investor conference presentations and scheduled earnings calls. By reviewing the FTEK news page, users can track how Fuel Tech’s proprietary technologies are being adopted, how its backlog evolves, and how management characterizes opportunities in emissions control and water treatment markets over time.
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Fuel Tech, Inc. (NASDAQ: FTEK) reported financial results for Q4 2022 and the full year, achieving the highest annual revenue since 2019, totaling $26.9 million, up from $24.3 million in 2021. The company maintained a strong financial position with $32.7 million in cash and no long-term debt. The Air Pollution Control (APC) segment generated approximately $10 million in new project awards in 2022 and has a global sales pipeline of $50-$75 million. However, FUEL CHEM revenues declined by 6% year-over-year. The company expects modest revenue growth for 2023, driven by the APC segment, but anticipates a slight decline in FUEL CHEM revenues.
Fuel Tech, Inc. (NASDAQ: FTEK) has appointed William Decker as Vice President of Water and Wastewater Treatment Technologies, effective March 15, 2023. Decker, with over 30 years of experience in engineering and operations in the water treatment sector, will oversee the growth and development of Fuel Tech’s Dissolved Gas Infusion (DGITM) technology. He has previously held leadership roles at Aqua-Aerobic Systems and Aquionics. Decker's appointment comes as Fuel Tech aims to enhance its innovative water treatment solutions, addressing global concerns on water pollution and sustainability.
Fuel Tech, Inc. (NASDAQ: FTEK) announced multiple air pollution control contracts valued at approximately $5.2 million, awarded by customers in the US, Europe, and the Pacific Rim. Key projects include contracts for NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems and ULTRA® systems for natural gas-fired turbines. Deliveries are expected in the second and third quarters of 2023. The contracts are driven by stricter NOx control regulations from the EPA, signaling growth for Fuel Tech's technologies in compliance solutions. The company’s expertise positions it well for emerging opportunities stemming from upcoming regulatory changes.
Fuel Tech, Inc. (NASDAQ: FTEK) announced it will release its financial results for Q4 and full year ended
Fuel Tech, Inc. (NASDAQ: FTEK) reported Q3 2022 financial results showing a 6.1% revenue increase to $8.0 million, compared to Q3 2021. The Air Pollution Control (APC) segment led this growth with revenues of $2.7 million. However, FUEL CHEM revenues declined slightly. Gross margin fell to 45.8%, impacting operating income, which decreased to $0.2 million. Net income was $0.3 million ($0.01 per share). The company expects full year 2022 APC revenues between $11-12 million and FUEL CHEM revenues between $14-15 million.
Fuel Tech, Inc. (NASDAQ: FTEK) announced the receipt of multiple air pollution control contracts totaling approximately $2.7 million. The orders include two ULTRA systems for natural gas-fired boilers at a medical facility, with deliveries expected in Q2 2023. Additional contracts involve ULTRA systems for a university and a chemical facility, with varying delivery timelines. The company is also preparing for potential SNCR system engineering services in response to upcoming EPA regulations. CEO Vincent J. Arnone highlighted these awards as evidence of Fuel Tech's growing market presence.
Fuel Tech, Inc. (NASDAQ: FTEK) will announce its financial results for Q3 2022 on November 8, 2022, post-market closure. A conference call will follow on November 9, 2022, at 10:00 am ET, to discuss the results. Fuel Tech specializes in advanced engineering solutions for emissions control, combustion optimization, and water treatment. The company has a strong global presence with over 1,200 units utilizing its technologies worldwide, enhancing efficiency and sustainability in utility and industrial applications.