Hudson Earnings Reports

Hudson Technologies reported revenues of $34.6 million for Q4 2024, a 23% decline year-over-year. The company recorded a net loss of $2.6 million and an operating loss of $3.2 million due to lower refrigerant prices and weaker market demand. Gross margin declined to 17% compared to 31% in Q4 2023. Despite the downturn, the company maintained a strong balance sheet with $70.1 million in cash and no debt.

Hudson Technologies announced its Q3 2024 results, revealing that the company experienced continued pricing pressure for certain refrigerants throughout the cooling season. Despite near-term challenges, the company remains confident in its long-term growth strategy and the increasing demand for reclaimed refrigerants. They are adjusting the expectation for full year 2024 revenue to the low end of the previously provided guidance range, with a gross margin of approximately 28%.

Hudson Technologies reported a decrease in revenue and operating income for Q2 2024 compared to Q2 2023, primarily due to decreased selling prices for certain refrigerants and lower revenue from the DLA contract. Despite stronger refrigerant sales volume, the company faced pricing pressure and anticipates full-year revenue in the range of $240 million to $250 million with a gross margin of approximately 30%.

Hudson Technologies reported a decrease in revenue and operating income for the first quarter of 2024 compared to the same period in 2023. The decline was attributed to lower refrigerant prices and decreased revenue from the DLA contract. Despite the challenges, the company anticipates enhanced visibility around the HFC phasedown and potential benefits from the EPA's proposed Refrigerant Management rule.

Hudson Technologies reported a revenue of $44.9 million for Q4 2023, a 5% decrease compared to Q4 2022. Net income for the quarter was $3.9 million, or $0.08 per diluted share. The company's full year revenue was $289.0 million with a net income of $52.2 million.

Hudson Technologies reported Q3 2023 results with revenues of $76.5 million, a 15% decrease compared to Q3 2022. Net income was $13.6 million, or $0.29 per diluted share. The company fully paid off its remaining $32.5 million of term loan debt during the quarter.

Hudson Technologies reported Q2 2023 results with revenues of $90.5 million, a 13% decrease compared to Q2 2022. Net income was $19.2 million, or $0.41 per diluted share, compared to $39.8 million, or $0.84 per diluted share, in the same period last year. The company's gross margin was 40%, compared to 55% in the prior year period. Despite the decrease in revenue, Hudson continues to strengthen its balance sheet by reducing total debt.

Hudson Technologies reported first quarter 2023 results with revenues of $77.2 million, an 8% decrease compared to the prior year. Gross margin was 39% compared to 54% in the first quarter of 2022. Net income was $15.5 million, or $0.34 per basic share.

Hudson Technologies reported a 26% increase in revenue for the fourth quarter of 2022, driven by higher selling prices and increased sales volume. The company's net income for the quarter was $5.1 million, or $0.11 per share.

Hudson Technologies reported a strong third quarter with record revenues of $89.5 million, a 48% increase compared to the previous year. The company's gross margin increased to 49%, and operating income reached $36.3 million. Net income was $29.4 million, or $0.65 per basic share and $0.62 per diluted share.

Hudson Technologies reported a significant increase in revenue and profitability for Q2 2022. Revenue increased by 72% compared to the same period in 2021, driven by increased selling prices for certain refrigerants. The company's gross margin also increased, leading to a substantial rise in operating and net income. Hudson is increasing the 2022 forecast.

Hudson Technologies reported a strong start to 2022, with record first-quarter revenues of $84.3 million, a 149% increase compared to the previous year. The company's gross margin significantly improved to 54%, and operating income reached $38.3 million, compared to $1.7 million in the same period last year. With the current pricing trends, the company expects revenues in excess of $270 million in 2022.

Hudson Technologies reported record fourth quarter results with a 71% increase in revenue to $37.8 million, driven by increased selling prices for certain refrigerants. The company achieved a gross margin of 45% and an operating income of $9.3 million, a significant improvement from the prior year's operating loss. Net income was $6.2 million, or $0.14 per basic share and $0.13 per diluted share.

Hudson Technologies reported a strong third quarter with a 46% increase in revenue, driven by higher selling prices of refrigerants. The company saw significant improvements in gross margin and operating income, resulting in a net income of $15.9 million, a substantial increase compared to the previous year.

Hudson Technologies reported a strong second quarter with a 27% increase in revenue compared to the same period last year. The company's performance was driven by increased demand and favorable pricing trends for refrigerants, leading to improved profitability.

Hudson Technologies reported a decrease in revenue for the first quarter of 2021, but experienced an increase in gross margin and operating income. The company is optimistic about the reopening of the economy and the opportunities presented by the AIM Act.

Hudson Technologies reported Q4 2020 results with a decrease in revenue, an improved gross margin, and a reduced operating loss compared to the same period in 2019. The company reported a net loss of $4.7 million, or ($0.11) per basic and diluted share.

Hudson Technologies reported Q3 2020 revenues of $41.5 million, a 9% decrease compared to Q3 2019. However, the company improved its gross margin to 22% and reported an operating income of $2.1 million, compared to an operating loss in the same period last year. They also repaid $16.5 million of debt and increased their cash balance.

Hudson Technologies reported a decrease in revenues by 14.8% compared to the same period last year, but improved gross margin and achieved operating income, returning to profitability with a net income of $2.4 million.

Hudson Technologies reported a 5% increase in revenue to $36.4 million compared to the same period last year, driven by higher refrigerant sales volume. The company's gross margin improved to 23% from 20% in Q1 2019. However, they experienced a net loss of $2.9 million, or ($0.07) per share.

Hudson Technologies reported a slight increase in revenues for Q4 2019 compared to Q4 2018. The company's gross margin increased, but it still recorded a net loss, which was impacted by higher interest expense and lender-related fees.