Hudson Technologies Announces CEO Departure and Succession Plan

Rhea-AI Summary

Hudson Technologies (NASDAQ: HDSN) announced that Chairman and CEO Brian Coleman has stepped down effective immediately and that CFO Brian Bertaux will assume CEO responsibilities on an interim basis while the Board evaluates candidates.

The company reported preliminary Q3 2025 results: revenue of $74.0M (+20% YoY), gross margin of 32%, and net income of $12.4M (+59% YoY), or $0.27 per diluted share. Full results will be released after market close on November 5, 2025.

Positive

• Revenue +20% YoY to $74.0M in Q3 2025
• Net income +59% YoY to $12.4M in Q3 2025
• Q3 2025 diluted EPS of $0.27
• Gross margin at 32% in Q3 2025

Negative

• Immediate CEO departure creates near-term leadership uncertainty
• Board search for permanent CEO may delay strategic decisions

Insights

Corporate Governance Analyst

Board-led CEO transition amid strong quarterly results; interim CFO named to bridge leadership.

The departure of Brian Coleman and the appointment of Brian Bertaux as interim CEO creates a clear governance sequence that preserves operational continuity while the Board conducts a CEO search.

The Board frames the change as orderly and strategic; the interim CEO is the existing CFO, which limits immediate disruption but raises standard succession questions about operational vs. strategic leadership during the search.

Watch for the Board to announce a permanent CEO in the near term, and for governance signals in the next board statement: candidate profile, timeline, and any changes to executive incentives tied to the recently reported preliminary results.

Financial Results Analyst

Preliminary Q3 2025 shows solid revenue and earnings expansion; full results due November 5.

The company reports expected revenue of $74.0 million, a 20% increase year-over-year from $61.9 million, gross margin of 32%, and net income of $12.4 million or $0.27 per diluted share, up 59% from prior-year net income of $7.8 million or $0.17.

These are concrete financial improvements and the Board links them to stronger profitability and balance sheet metrics; confirm the final audited figures on November 5. Key items to watch in the full release include revenue composition, non-recurring items, and balance-sheet metrics that the Board referenced; these will clarify sustainability of the reported gains.

- Company Announces Strong Preliminary Third Quarter 2025 Results -

WOODCLIFF LAKE, N.J., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers – today announced that Chairman and Chief Executive Officer Brian Coleman has stepped down effective immediately.

Brian Coleman has led Hudson Technologies as Chairman, President and Chief Executive Officer since June 2020. He joined Hudson Technologies as Chief Financial Officer in 1997 and was later appointed President and Chief Operating Officer in August 2001.

Vincent Abbatecola, Lead Independent Director of Hudson Technologies, commented “On behalf of the Board, I would like to thank Brian for his dedication and contributions to Hudson Technologies. During his tenure, particularly in the difficult time after the passing of our founder Kevin Zugibe, Brian’s leadership and financial acumen allowed the Company to further strengthen its competitive positioning in the marketplace while also transforming its balance sheet. We wish Brian every success in the future.

"With our industry positioning, strong profitability, enhanced balance sheet and attractive long-term industry tailwinds, we are now in a unique position to drive both organic and inorganic growth. The Board is in late-stage evaluation and conversation with CEO candidates to lead Hudson in the next phase of its growth and expects to announce an appointment in the near term.”

Until the Board completes its process and a permanent replacement is appointed, Brian Bertaux, Chief Financial Officer, will assume Chief Executive Officer responsibilities on an interim basis.

Preliminary Third Quarter 2025 Financial Results

For the quarter ended September 30, 2025, the Company expects to report 20% revenue growth to $74.0 million compared to revenue of $61.9 million in the same quarter last year, gross margin of 32%, and net income growth of 59% to $12.4 million, or $0.27 per diluted share, compared to net income of $7.8 million or $0.17 per diluted share in the same period of 2024. The Company will announce full financial results after the market close on Wednesday, November 5. 

About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services to the Heating Ventilation Air Conditioning and Refrigeration industry. For nearly three decades, we have demonstrated our commitment to our customers and the environment by becoming one of the first in the United States and largest refrigerant reclaimers through multimillion dollar investments in the plants and advanced separation technology required to recover a wide variety of refrigerants and restoring them to Air-Conditioning, Heating, and Refrigeration Institute standard for reuse as certified EMERALD Refrigerants™. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide® Services performed at a customer's site, consisting of system decontamination to remove moisture, oils and other contaminants. The Company’s SmartEnergy OPS® service is a web-based real time continuous monitoring service applicable to a facility’s refrigeration systems and other energy systems. The Company’s Chiller Chemistry® and Chill Smart® services are also predictive and diagnostic service offerings. As a component of the Company’s products and services, the Company also generates carbon offset projects.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the laws and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, the ability to meet financial covenants under its existing credit facility, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, and other risks detailed in the Company's 10-K for the year ended December 31, 2024 and other subsequent filings with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

Investor Relations Contact: John Nesbett/Jennifer Belodeau IMS Investor Relations (203) 972-9200 jnesbett@imsinvestorrelations.com

Company Contact: Brian J. Bertaux, CFO Hudson Technologies, Inc. (845) 735-6000 bbertaux@hudsontech.com

FAQ

Why did Hudson Technologies (HDSN) CEO Brian Coleman step down on November 3, 2025?

The company announced Brian Coleman stepped down effective immediately; the Board thanked him and said it is evaluating CEO candidates.

Who is the interim CEO of Hudson Technologies (HDSN) after the November 3, 2025 announcement?

Chief Financial Officer Brian Bertaux will assume CEO responsibilities on an interim basis.

What were Hudson Technologies (HDSN) preliminary Q3 2025 financial results announced November 3, 2025?

Preliminary Q3 2025 results: revenue $74.0M (+20% YoY), gross margin 32%, net income $12.4M (+59% YoY), EPS $0.27.

When will Hudson Technologies (HDSN) release final Q3 2025 results?

The company will announce full financial results after market close on November 5, 2025.

What does Hudson Technologies' (HDSN) Q3 2025 revenue growth mean for shareholders?

Preliminary results show 20% revenue growth and 59% net income growth, signaling stronger profitability ahead of the full report.

How might the CEO transition affect Hudson Technologies (HDSN) near term?

The immediate CEO departure may cause near-term leadership uncertainty until a permanent CEO is appointed by the Board.