Fuel Tech Reports 2021 First Quarter Financial Results
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Fuel Tech (FTEK) Tops Q1 EPS by 7c, Revenues Miss
May 12, 2021 4:26 PM EDTFuel Tech (NASDAQ: FTEK) reported Q1 EPS of $0.01, $0.07 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $5 million versus the consensus estimate of $5.53 million.
Our first quarter 2021 results reflected a nearly 60% increase in net sales at our FUEL CHEM® business segment, driven primarily by the installation of our TIFI® Targeted In-Furnace Injection technology on new domestic coal-fired unit accounts, higher demand for power, and early recovery from the COVID-19 pandemic, said Vincent J. Arnone, President... More
