Fuel Tech, Inc.

2.6400-0.08 (-2.94%)

Oct 29, 4:00:01 PM EDT · NasdaqCM · FTEK · USD

Upcoming Earnings

Report date

Nov 4, 2025 (in 5 days)

Key Stats

Market Cap

82.04M

P/E (TTM)

Basic EPS (TTM)

-0.11

Dividend Yield

Recent Filings

10-Q

Q2 FY2025 results

8/5/25Aug 5, 2025

Fuel Tech's Q2 revenues dipped 21% year-over-year to $5.6M, driven by timing delays in Air Pollution Control projects, yet FUEL CHEM held steady at $3.1M while YTD revenues edged up 0.4% to $11.9M on stronger outage work. Gross margins expanded to 46% from 42%, lifting operating loss to $1.3M from $0.7M quarterly but narrowing YTD to $2.3M from $2.4M; net loss widened slightly to $0.7M quarterly and $1.4M YTD, with the gap to operating loss under 20% tied to minimal interest and taxes. Cash swelled to $10.6M with $1.5M operating cash flow, bolstered by $1.2M ERC collections, while free cash flow (derived) hit $1.4M after $0.1M capex; no debt burdens liquidity, just $2.9M in standby letters backed by $4.4M collateral. Backlog climbed to $7.8M. Still, volatile project timing poses execution risks.

8-K

Q2 revenues dip, margins rise

8/5/25Aug 5, 2025

Fuel Tech reported Q2 2025 revenues of $5.6 million, down from $7.0 million a year ago, mainly due to delayed Air Pollution Control projects, yet gross margins climbed to 45.5% from 41.9% on better segment mixes. The FUEL CHEM segment held steady at $3.1 million while boosting margins to 46.8%, and management eyes robust Q3 results with APC backlog at $7.8 million. Cash swelled to nearly $31 million, debt-free. New contracts loom.

8-K

Annual meeting results

6/10/25Jun 10, 2025

Fuel Tech's stockholders overwhelmingly elected Vincent J. Arnone, Douglas G. Bailey, Sharon L. Jones, and Dennis L. Zeitler to the board at the June 5, 2025 annual meeting, with strong support across nominees despite some withheld votes. They ratified RSM US LLP as independent auditors by a wide margin and approved executive compensation on an advisory basis. Continuity intact. No major shifts signal governance concerns.

8-K

Updated corporate presentation released

5/22/25May 22, 2025

Fuel Tech, Inc. released an updated corporate presentation on May 21, 2025, furnished under Regulation FD to ensure fair disclosure. The presentation, attached as Exhibit 99.1, provides fresh insights into the company's operations and strategy. Investors should review it for key updates. No financial figures or specific impacts disclosed in the filing.

10-Q

Q1 FY2025 results

5/12/25May 12, 2025

Fuel Tech's Q1 FY2025 revenues climbed 29% year-over-year to $6.4M, driven by a 92% surge in the FUEL CHEM segment to $5.1M from outage completions and a new customer, while Air Pollution Control dipped 44% to $1.3M due to project timing—yet backlog swelled to $10.3M with $5.6M in fresh awards. Gross margins expanded to 46% from 41%, trimming the operating loss to $0.95M from $1.7M, though net loss hit $0.7M or $(0.02) per diluted share versus prior profit, mainly from $1.7M less other income (employee retention credit). Cash swelled to $11.8M with $1.5M operating inflow; free cash flow stood at $1.4M (derived) after $65K capex, backed by no debt beyond $2.1M letters of credit collateralized at 150%. Backlog signals momentum. Still, volatile project delays pose execution risks.

About

Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment. and advanced engineering services to utility and industrial customers. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT SNCR Selective Non-Catalytic Reduction systems; advanced selective catalytic reduction systems comprising Ammonia Injection Grid, and GSG Graduated Straightening Grid systems. I-NOx integrated NOx reduction systems; ESP processes and services; ULTRA technology; and flue gas conditioning systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units for the control of slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university and district heating markets; and the owners of boilers, furnaces, and other combustion units for treating a wide variety of solid and liquid fuels, including coal, heavy oil, black liquor, biomass, and municipal waste. The company offers DGI Dissolved Gas Infusion systems, which utilizes a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and UDI Urea Direct Injection systems. It operates in the United States, rest of the Americas, Europe, South Africa, the Pacific region, and internationally. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.

CEO

Mr. Vincent J. Arnone

IPO

9/7/1993

Website

https://www.ftek.com

Employees

Sector

Industrials

Industry

Pollution & Treatment Controls