8/14/2019 Company Summary for Fuel Tech Inc.
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Fuel Tech Inc.
512 Kingsland Drive
Batavia, IL 60510United States
Tel: 630-845-4500
Fax: 203-425-9823Toll Free: 800-666-9688www.ftek.com
Employees: 196
Company Type: Public Parent
Corporate Family: 4 Companies
Traded: NASDAQ: FTEK
Incorporation Date: 1987Auditor: Grant Thornton
Financials in: USD (mil)
Fiscal Year End: 31-Dec-2008
Reporting Currency: US Dollar
Annual Sales: 81.1 1
Net Income: 3.6
Total Assets: 88.9 2
Market Value: 250.3
(21-Aug-2009)
Business Description
Fuel Tech, Inc. (Fuel Tech) is an integrated company that uses a
suite of technologies to provide boiler optimization,
efficiencyimprovement and air pollution reduction and control
solutions to utility and industrial customers worldwide. Fuel
Tech's specialfocus is the worldwide marketing of its nitrogen
oxide (NOx) reduction and FUEL CHEM processes. The Air Pollution
Control (APC)technology segment reduces NOx emissions in flue gas
from boilers, incinerators, furnaces and other stationary
combustionsources by utilizing combustion optimization techniques
and Low-NOx and Ultra Low-NOx burners; NOxOUT and HERT High
EnergyReagent Technology SNCR systems; systems that incorporate
NOxOUT CASCADE, NOxOUT ULTRA and NOxOUT-SCR processes,and Ammonia
Injection Grids and the Graduated Straightening Grid (GSG). On
October 2, 2008, Fuel Tech completed itsacquisitions of Tackticks,
LLC (Tackticks) and FlowTack, LLC (FlowTack). For the six months
ended 30 June 2009, Fuel Tech Inc.'srevenue decreased 8% to $36.2M.
Net loss totaled $1.8M vs. an income of $2.1M. Revenue reflects a
decrease in sales from Airpollution control segment. Net loss
reflects lower gross margins, increased cost of sales, a rise in
selling, general & administrativeexpenses, lower interest
income and the presence of other expense vs. an income.
Source: Reuters
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2499 - Other Machinery and Equipment Manufacturing
Not Elsewhere Classified
NACE 2002: 2923 - Manufacture of non-domestic cooling and
ventilation equipment
NAICS 2002: 333411 - Air Purification Equipment
Manufacturing
US SIC 1987: 3564 - Industrial and Commercial Fans and Blowers
and Air Purification Equipment
Key Executives (Emails Available)
Name Title Source
John F. Norris President, Chief Executive Officer, Director
Reuters
John P. Graham Chief Financial Officer, Senior Vice President,
Treasurer Reuters
Stephen P. Brady Senior Vice President - Fuel Chem Sales
Reuters
Albert G. Grigonis Vice President, General Counsel, Secretary
Reuters
Tracy Krumme Vice President - Investor Relations and Corporate
Communications Reuters
Significant Developments
Topic #* Most Recent Headline Date
Mergers / Acquisitions 4Fuel Tech Inc. Completes Acquisition Of
Advanced CombustionTechnology, Inc. Assets
6-Jan-2009
Negative Earnings Pre-Announcement
1 Fuel Tech Inc. Lowers FY 2008 Outlook 10-Nov-2008
Business Deals 12 Fuel Tech Inc. Announces Commercial FUEL CHEM
Order 22-Jul-2009
Other Pre-Announcement 1 Fuel Tech Inc. Reaffirms FY 2009
Guidance-Conference Call 5-May-2009
* number of significant developments within the last 12
months
OneSource Company Summary Report for Fuel Tech
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8/14/2019 Company Summary for Fuel Tech Inc.
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News
Title Date
Fuel Tech Inc elects Robert E Puissant as executive vice
president of sales and marketingEquityBites (95 Words)
1-Sep-2009
BRIEF-Fuel Tech names executive vice president of Sales and
MarketingThomson Financial News International Focus (75 Words)
31-Aug-2009
Fuel Tech Appoints Robert E. Puissant Executive Vice President
of Sales and MarketingBusiness Wire (933 Words)
31-Aug-2009
Q2 2009 Fuel Tech, Inc. Earnings Conference Call - FinalFD (Fair
Disclosure) Wire (7954 Words) 25-Aug-2009
Gappers report: Bearish gapsThe Fly on the Wall - Live News Feed
(158 Words)
17-Aug-2009
Financial Summary
As of 30-Jun-2009
Key Ratios Co mp an y I ndustr y
Current Ratio(MRQ)
3.08 1.94
Quick Ratio(MRQ)
3.05 1.10
Debt to Equity
(MRQ)
0.03 0.52
Sales 5 YearGrowth
17.80 14.46
Net ProfitMargin (TTM)%
-0.41 5.97
Return onAssets (TTM) %
-0.36 6.21
Return onEquity (TTM) %
-0.44 15.79
Source: Reuters
Stock Snapshot
Traded: NASDAQ: FTEK
As of 21-Aug-2009 Financials in: USD
Recent Price 10.37 EP S 0.1552 Week High 24.76 Pr ice/Sales
3.0952 Week Low 6.05 Dividend Rate 0.0000Avg. Volume (mil) 0.17 Pr
ice/Book 3.39Market Value (mil) 250.27 Beta 1.71
P ri ce % Change Rel S& P 500%4 Week 7.80% 4.79%13 Week
5.17% 15.69%52 Week -49.22% -20.59%Year to Date -2.08% 13.60%
Source: Reuters
2 Year Weekly End Price & Volume
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1 2 -
Balance Sheet Item Exchange Rate: USD 1 = USD 1
Key IDSM Number: 174724 ABI Number: 518307111
1983-2009 Reuters Research Inc. All Rights Reserved. Copyright
2009, infoUSA. All Rights Reserved.
2009 OneSource Information Services, Inc. All Rights
Reserved.
OneSource Company Summary Report for Fuel Tech
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