Fuel Tech (FTEK) Misses Q4 EPS by 6c

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Go back to Fuel Tech (FTEK) Misses Q4 EPS by 6c

Fuel Tech Reports 2014 Fourth Quarter and Full-Year Financial Results

March 16, 2015 5:20 PM EDT

WARRENVILLE, Ill.--(BUSINESS WIRE)-- Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today reported financial results for the fourth quarter ("Q4") and full year ended December 31, 2014.

Included in the results for Q4 and full year 2014 is a $23.4 million non-cash goodwill impairment charge recorded in the Air Pollution Control (APC) technology segment, with the majority of the charge related to the January 2009 acquisition of Advanced Combustion Technology, Inc. This non-cash charge reflects the application of... More