Fuel Tech (FTEK) Reports In-Line Q1 EPS, Revenues Miss

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Go back to Fuel Tech (FTEK) Reports In-Line Q1 EPS, Revenues Miss

Fuel Tech Reports 2020 First Quarter Financial Results

May 12, 2020 5:02 PM EDT

WARRENVILLE, Ill.--(BUSINESS WIRE)-- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today reported financial results for the first quarter ended March 31, 2020 (Q1 2020).

Q1 2020 results primarily reflected continued delays in closing new Air Pollution Control (APC) business awards, along with lower revenues at FUEL CHEM®, said Vincent J. Arnone, Chairman, President and CEO of Fuel Tech. We are cautiously optimistic about new APC awards this year and are in various stages of... More