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Jun 30, 2020
Hudson Q2 2020 Earnings Report
Hudson reported net income of $2.4 million, or $0.06 per share, for Q2 2020.
Key Takeaways
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.
Revenues decreased by 14.8% due to volume decline, partially offset by increased selling prices.
Gross margin improved significantly compared to the negative gross margin in Q2 2019.
Operating income was $5.2 million, a significant improvement from the operating loss of $10.0 million in Q2 2019.
Net income was $2.4 million, or $0.06 per share, compared to a net loss of $13.8 million, or ($0.32) per share in Q2 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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