Fuel Tech Reports 16% Revenue Growth in Q3 2026 and Announces Upcoming Strategy Review
Fuel Tech, Inc. (FTEK) reported a 16% increase in third-quarter 2026 revenues, reaching $8.7 million. This growth was primarily fueled by a significant 38% surge in the Air Pollution Control segment, despite facing ongoing pressures regarding profitability and product mix. The company's pro forma backlog has reached approximately $20 million. Looking ahead, CEO Ramesh Nuggihalli indicated that the company will undergo a strategic review scheduled for early next year to address current performance challenges and optimize its market position.
Tickers: $FTEK
Topics: earnings report profitability revenue growth segment performance