Fuel Tech, Inc. (NASDAQ:FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today reported financial results for the third quarter ("Q3") ended September 30, 2016. Q3 2016 Results Overview Consolidated revenues for Q3 2016 were $12.6 million as compared to $21.7 million in Q3 2015, reflecting slower business activity within our Air Pollution Control ("APC") technology segment, as well as lower revenues at FUEL CHEM®. Operating loss for Q3 2016 was $2.9 million as compared to an operating loss of $0.8 million in Q3 2015. Operating loss in Q3 2016 included charges totaling $1.5 million. The Company recorded a $1.1 million restructuring charge associated with a July 2016 workforce reduction in order to better align its organizational infrastructure with its revised operating plan. These charges consisted primarily of one-time severance payments and benefit continuation costs, with allocations of $0.4 million to APC and $0.7 million to FUEL CHEM. Q3 2016 operating loss also included a $0.4 million write-off of equipment associated with a research and development trial. Excluding these charges, operating loss for Q3 2016 was $1.4 million. Net loss for Q3 2016 was $3.0 million, or $0.13 per diluted share, compared to a net loss of $0.3 million, or $0.01 per diluted share, in the same period last year. Net loss for Q3 2016 reflected the impact of the above-referenced restructuring and research and development charges in the amount of $1.5 million, or $0.06 per diluted share. Excluding these charges, net loss for Q3 2016 was $1.5 million, or $0.06 per diluted share. APC segment revenues in Q3 2016 declined by 53.8% to $6.0 million from $13.1 million in Q3 2015, reflecting slower bookings across geographies due to the challenging operating environment for coal-fired utility and industrial plants.