Picture of Fuel Tech logo

FTEK — Fuel Tech News Story

0.000.00%
us flag iconLast trade - 00:00
IndustrialsAdventurousMicro CapNeutral

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

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


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


Reuters Recommended Reads

  • Aug 3 - Ameresco books $1.8 billion in new awards as power demand remains strong

  • Aug 4 - Rockwell Automation raises 2026 profit forecast on strong industrial demand

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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Recent news on Fuel Tech

See all news