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 Third Quarter 2012 Results

“The APC segment benefitted by growth in our international business as record quarterly bookings and international revenues were achieved. With strong order flow in China and a record contract booking of $36.6 million in Chile, we are extending our global reach and capabilities. Thus far this year, $28.3 million in China orders have been announced, exceeding last year’s total of $13.4 million. During the third quarter, seven awards were received for ULTRA™ projects on fifteen units as well as six awards for two projects each of our Selective Non-Catalytic Reduction (SNCR), Low NO x Burner and Over-Fire Air, and Flue Gas Conditioning (FGC) technologies. We are pleased to see not only continued penetration of ULTRA, but also the diversity of orders, including awards that represent our first commercial FGC applications. China continues to be an active market for our technologies as utility and industrial operators comply with the nitrogen oxide (NO x) reductions in the 12 th Five-Year Plan. Bidding activity in China remains high and we anticipate additional bookings and revenue growth to continue into next year.”

“Domestic APC contract bookings were slower than expected given the August vacatur of the Cross-State Air Pollution Rule (CSAPR) by the U.S. Court of Appeals. Despite regulatory uncertainty surrounding timing and specific emission reductions, the upcoming pressure on sources remains strong since states must comply with current and proposed ambient air quality standards. We continue to see industrial activity in the domestic market based on drivers from state and local permits, consent decrees, and Regional Haze requirements. Cost-effective flexible solutions remain a key element of our customer compliance strategies, and as such, we will pursue available opportunities and be ready with technology options as domestic regulatory clarity develops.”

“The FUEL CHEM segment continues to be impacted by low natural gas prices and decreased coal usage which caused a number of our existing customer plants to operate below expectations. While challenges exist with current market conditions, we continue to work with our clients to improve their fuel selection capabilities, address the challenges of slag formation and furnace fouling, and offer effective flexible solutions to other emissions challenges.”

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs