Fuel Tech (FTEK) Tops Q3 EPS by 1c
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Fuel Tech Reports 2023 Third Quarter Financial Results
November 7, 2023 4:15 PM ESTWARRENVILLE, 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 third quarter ended September 30, 2023 (Q3 2023).
Revenue from our Air Pollution Control (APC) business segment increased by 36% in Q3 2023, which offset lower revenue from our FUEL CHEM® business segment, said Vincent J. Arnone, President and CEO. FUEL CHEM operations normalized during Q3 2023 as the unit downtime we experienced in the second quarter of 2023 (Q2 2023) caused by temporary... More
