This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Fuel Tech Reports 2011 Fourth Quarter And Annual Financial Results; Records Achieved In Backlog, APC Announced Bookings And Annual Revenues And Operating Income

“During this dynamic regulatory environment, we will continue to work with our customers to understand their emission control needs and offer innovative product solutions. In the interim, sources will still be driven by consent decrees as well as state and local permit requirements. We believe that the long-term market for environmental controls will grow and that Fuel Tech will benefit as we are properly positioned, with a wide range of product solutions and the technical and commercial capabilities necessary, to respond quickly and provide our clients with solutions in a timely and cost-effective manner.”

“In China, as in the domestic U.S. market, we have seen a strong pickup in APC orders. We ended the year with $13.4 million in announced bookings in China, which represented 22% of our total annual announced APC bookings and an increase of 136% year-over-year. China continues to be an active and growing market for our pollution control technologies. We continue to see strong interest from this market in our ULTRA™ product line, evidenced by the award of 13 ULTRA systems during the year. We are pleased to be satisfying this growing interest in our ULTRA technology as worldwide recognition of the need for safer delivery of ammonia reagent to NOx reduction equipment increases.”

“We believe that the NOx control market in China will continue to grow as the result of the country’s Twelfth Five-Year Plan that went into effect during 2011. The requirements in the Policy align well with our portfolio of NOx reduction capabilities, which cover the full spectrum from combustion modifications to ASCR™ systems, and we anticipate receiving future orders as a result of this new Policy.”

“The FUEL CHEM segment achieved record annual revenues and operating income and continued to deliver exceptional gross margin for our business. This is especially remarkable given that most of our domestic utility customers experienced reductions in coal-fired power generation due to the operation of natural gas and alternative energy sources. Despite the challenging environment, we are winning new business and commencing new programs on coal-fired boilers, predominantly on larger-size units.”

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs