Fuel Tech reports Q2 EPS (3c) vs (1c) last year

Reports Q2 revenue $5.461M vs $6.386M last year. “Q2 2023 results were mixed between our operating segments. Revenue from our Air Pollution Control business segment increased 25% from the second quarter of 2022, and were offset by lower revenue from our FUEL CHEM business segment driven by unplanned maintenance-driven outages at our clients throughout the quarter,” said Vincent Arnone, President and CEO. “At our Dissolved Gas Infusion technology business segment, in late June we commenced our first on-site demonstration using a small-scale dissolved oxygen infusion system at an aquaculture setting in the Western United States. The deployment, which is scheduled to conclude in Q3 2023, has demonstrated encouraging early results that are in line with our objective of improving the customer’s operational productivity and efficiency using optimized high-levels of dissolved oxygen. In addition to this demonstration, we are continuing our investigation into other markets of opportunity, including discussions with potential market channel partners and industry experts and the development of market specific collateral.