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Fuel Tech (Fuel Tech) Net Income : $-1.54 Mil (TTM As of Dec. 2023)


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What is Fuel Tech Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Fuel Tech's Net Income for the three months ended in Dec. 2023 was $-0.54 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.54 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Fuel Tech's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.02.


Fuel Tech Net Income Historical Data

The historical data trend for Fuel Tech's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fuel Tech Net Income Chart

Fuel Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.85 -4.28 0.05 -1.44 -1.54

Fuel Tech Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.40 -0.41 -1.04 0.46 -0.54

Fuel Tech Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Fuel Tech's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.469+-0.069+0+0
=-1.54

Fuel Tech's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.47+-0.069+0+-1.1102230246252E-16
=-0.54

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.54 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fuel Tech  (NAS:FTEK) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Fuel Tech's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Fuel Tech Net Income Related Terms

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Fuel Tech (Fuel Tech) Business Description

Traded in Other Exchanges
Address
27601 Bella Vista Parkway, Warrenville, IL, USA, 60555-1617
Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. TheFuel Chem technology segment uses chemical processes in combination with advanced Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
Executives
Vincent J Arnone officer: Executive Vice President
Bettye J Bailey 10 percent owner C/O WHITMAN BREED ABBOTT & MORGAN LLC, 9 GREENWICH OFFICE PARK, GREENWICH CT 06831
Ellen T Albrecht officer: Acting PFO and Treasurer C/O FUEL TECH, 695 E MAIN STREET, STAMFORD CT 06901
Dennis L Zeitler director P.O. BOX 426, PITTSBURGH PA 15230
James J Markowsky director 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
Douglas G Bailey director, officer: President, CEO & Chairman
Cummings William E Jr officer: Senior Vice President, Sales C/O FUEL TECH, 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
James M Pach officer: Acting PFO & Treasurer 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
Sharon L Jones director 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
David S Collins officer: Sr. Vice President C/O FUEL TECH, 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
W Grant Gregory director C/O AMBAC FINANCIAL GROUP INC, 1 STATE STREET PLAZA, NEW YORK NY 10004
Delbert L Williamson director C/O FUEL TECH, 695 E MAIN STREET, STAMFORD CT 06901
Miguel Espinosa director
George F Maccormack director PEPCO HOLDINGS, INC., 701 NINTH STREET, NW, SUITE 1300, WASHINGTON DC 20068
Thomas S Shaw director C/O CONECTIV, 800 KING ST PO BOX 231, WILMINGTON DE 19899