Hudson Tech - HDSN STOCK NEWS

Hudson Technologies (NASDAQ: HDSN) reported its Q4 and full-year 2024 results, showing mixed performance amid challenging market conditions. The company ended 2024 with a strong balance sheet of $70.1 million in cash and no debt. Full-year revenues decreased 18% to $237.1 million, with gross margin compression to 28% from 39% in 2023, primarily due to HFC refrigerant price declines of up to 45%.

Despite market challenges, Hudson achieved an 18% increase in refrigerant reclamation volume and completed the strategic acquisition of USA Refrigerants in June 2024. The company's net income for 2024 was $24.4 million ($0.54 per basic share), compared to $52.2 million in 2023. During 2024, Hudson executed $8.1 million in stock buybacks, with $5.5 million occurring in Q4.

Hudson Technologies (NASDAQ: HDSN), a major provider of sustainable refrigerant products and services to the HVAC-R industry, has announced its participation in the 37th Annual Roth Conference. The event will take place on March 17, 2025, at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California.

President and CEO Brian Coleman, along with CFO Brian Bertaux, will represent the company and be available for one-on-one meetings throughout the conference day. As one of the nation's largest refrigerant reclaimers, Hudson Technologies continues to maintain its presence at significant industry events.

Hudson Technologies (NASDAQ: HDSN) has announced it will host a conference call and webcast on Thursday, March 6, 2025, at 5:00 p.m. Eastern Time to discuss the company's fourth quarter and full year 2024 financial results. A replay of the teleconference will be available until April 5, 2025, accessible by dialing (877) 481-4010 for domestic callers or (919) 882-2331 for international callers, using conference ID: 52007.

Hudson Technologies (NASDAQ: HDSN) reported Q3 2024 results with revenue of $61.9 million, down 19% year-over-year, and net income of $7.8 million or $0.17 per diluted share. The company maintained a strong balance sheet with $56.5 million in cash and no debt. Gross margin decreased to 26% from 40% in Q3 2023, primarily due to pricing pressure on certain refrigerants. The company repurchased $2.6 million of common stock and adjusted its full-year 2024 revenue guidance to the lower end of the previous range, with expected gross margin of approximately 28%. The EPA's new Refrigerant Management rule, mandating reclaim usage in certain sectors by 2029, is viewed as positive for the industry transition.

Hudson Technologies (NASDAQ: HDSN) announced an increase to its share repurchase program, allowing the company to purchase up to $20 million in common stock shares. The program allows for up to $10 million in share repurchases during each of calendar years 2024 and 2025, doubling the previously announced authorization. Purchases may be made through open market repurchases, private negotiations, or Rule 10b5-1 trading plans. The timing and volume will depend on factors including stock price, trading volume, and market conditions. The program can be modified or discontinued at any time.

Hudson Technologies (NASDAQ: HDSN) has announced it will host a conference call and webcast on Monday, November 4, 2024, at 5:00 p.m. Eastern Time to discuss the Company's third quarter 2024 results. Interested parties are required to register in advance for the call. The registration link will be available until 4:30 p.m. Eastern Time on the day of the call, providing dial-in and webcast details upon completion. This event offers an opportunity for investors and analysts to gain insights into Hudson Technologies' financial performance and business outlook for the third quarter of 2024.

Hudson Technologies commented on the EPA's Final Rule under the American Innovation and Manufacturing Act, which establishes the Emissions Reduction and Reclamation Program. The rule aims to reduce emissions of climate-damaging HFCs from air conditioning and refrigeration systems and maximize HFC reclamation. Key provisions include:

• Leak repair for certain appliances
• Automatic leak detection systems
• Standards for reclaimed HFC refrigerants
• Mandatory use of reclaimed HFCs for servicing certain equipment
• Recovery of HFCs from disposable cylinders
• Recordkeeping, reporting, and labeling requirements

Hudson's CEO, Brian F. Coleman, expressed support for the rule, highlighting its potential to promote reclamation growth and reduce leak rates. The company sees this as an opportunity to advance environmentally and economically beneficial refrigerant emission control practices.

Hudson Technologies (NASDAQ: HDSN) partnered with RMI to release a report on the impact of R-410A refrigerant reclamation in the US residential HVAC sector. The study reveals that reclaiming R-410A can reduce lifecycle greenhouse gas emissions by up to 70% compared to producing virgin refrigerant. Key findings include:

1. Maximizing refrigerant reclamation can avoid 7.7 metric tons of CO2 emissions by 2045, equivalent to removing 1.8 million cars from the road for a year.

2. Refrigerant recovery is important for a successful circular economy and supports achieving the full economic life of installed equipment.

3. The EPA's Technology Transition Rule will prohibit R-410A manufacturing for new residential equipment starting in 2025, promoting the transition to lower-GWP refrigerants.

Hudson Technologies (NASDAQ: HDSN) will host a panel discussion titled 'Reclaiming the Future-Capitalizing on Emissions Reduction Opportunities in Refrigerant Management' during Climate Week NYC 2024 on September 23, 2024. The event, held at the NASDAQ MarketSite, will focus on a Rocky Mountain Institute (RMI) report about the climate impacts of refrigerant reclamation.

Expert panelists will discuss how the US can reduce greenhouse gas emissions from the refrigerant sector by promoting the recovery and reclamation of R-410A from residential equipment. The panel will also address how reclamation initiatives can reduce building emissions cost-effectively.

As a leading refrigerant reclaimer, Hudson Technologies aims to drive the transition to more sustainable cooling and refrigeration practices. The event highlights the importance of effective refrigerant management in combating climate change.