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Dec 31, 2024
Hudson Q4 2024 Earnings Report
Hudson Technologies reported a decline in revenue and net loss for Q4 2024, impacted by lower refrigerant prices and reduced demand.
Key Takeaways
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.
Revenue declined 23% year-over-year to $34.6 million.
Gross margin compressed to 17% from 31% in Q4 2023 due to lower refrigerant prices.
Reported a net loss of $2.6 million, compared to a net income of $3.9 million in Q4 2023.
Strong cash position of $70.1 million with no debt.
Forward Guidance
Hudson Technologies expects continued demand for reclaimed refrigerants due to the ongoing HFC phaseout, while actively managing costs and exploring strategic acquisitions.
Positive Outlook
- Strong cash position of $70.1 million with no debt.
- Refrigerant reclamation volume increased by 18% in 2024.
- Strategic acquisition of USA Refrigerants enhances recovery capabilities.
- Stock repurchase program continued with $5.5 million in Q4 2024.
- Anticipated supply constraints of virgin HFCs may benefit reclaimed refrigerant demand.
Challenges Ahead
- Revenue declined 23% year-over-year due to lower refrigerant prices.
- Gross margin fell to 17% from 31% in Q4 2023.
- Reported a net loss of $2.6 million for the quarter.
- Operating loss of $3.2 million compared to a profit in Q4 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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