Fuel Tech Q2 loss widens as margins drop; names new CEO

Fuel Tech

04/08/2026 21:48

Overview
US emissions control tech firm's Q2 revenue rose 17% yr/yr, driven by APC and FUEL CHEM growth
Net loss widened to $1.2 mln as gross margin declined on higher costs and project mix
Company names Ramesh Nuggihalli as new CEO, effective August 10, 2026

Outlook
Company expects full-year 2026 performance to be strong across business segments
FUEL CHEM segment revenues expected to approximate last year's results
APC segment backlog is more than double the backlog at end of 2025

Result Drivers
APC REVENUE GROWTH - Co said APC segment revenue rose 11% due to timing of project execution and increased backlog from new project awards
FUEL CHEM REVENUE GROWTH - Co said FUEL CHEM segment revenue rose 21% due to increased operational dispatch at legacy accounts
DECLINING GROSS MARGINS - Co said gross margins declined in both APC and FUEL CHEM segments, citing product and project mix, demonstration costs, freight, and labor costs

Company press release: ID:nGNX23TkrL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$6.49 mln
$6.58 mln (1 Analyst)
Q2 Loss Per Share
 
$0.04
 
Q2 Net Loss
 
$1.23 mln
 
Q2 Loss Per Basic Share
 
$0.04
 
Q2 Operating Income
 
-$1.57 mln
 
Q2 Pretax Loss
 
$1.22 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Fuel Tech Inc is $4.00, about 166.7% above its August 3 closing price of $1.50

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Aug 3 - Cabot fiscal Q3 adjusted EPS slightly beats estimates; names new CEO

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)