Fuel Tech Q2 2026 net loss widens to $1.2M; CEO Vincent Arnone to be succeeded by Ramesh Nuggihalli

FUEL TECH, INC.

Q2 2026 revenue $6.5M (+17% YoY); net loss $(1.2)M vs $(0.7)M; EPS $(0.04) vs $(0.02).
APC segment revenue $2.8M (+11%), backlog $14.3M (double Dec 2025); FUEL CHEM revenue $3.7M (+21%).
CEO Vincent Arnone to step down; Ramesh Nuggihalli named President and CEO effective Aug 10, 2026; Arnone remains on Board.
Cash and investments $30M, no debt; stockholders' equity $37.4M ($1.20/share).
Adjusted EBITDA loss $(1.2)M vs $(0.9)M; gross margin declined to 41% from 46%.

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