Fuel Tech reports Q1 2026 revenue dip but secures $10M in new air pollution control contracts

Fuel Tech, Inc. reported a 5% decline in consolidated revenues to $6.1 million for Q1 2026, driven by lower FUEL CHEM segment sales despite a 23% revenue increase in its Air Pollution Control (APC) segment. The company secured new APC contracts worth approximately $10 million, boosting its backlog to the highest since 2018. Fuel Tech remains optimistic about full-year 2026 prospects, with ongoing progress in its water treatment division and expected engineering work starting in Q2 2026. The company ended the quarter with $30.6 million in cash and equivalents and no long-term debt, though it posted a net loss of $1.4 million for the quarter.