Welcome to our dedicated page for Hudson Tech news (Ticker: HDSN), a resource for investors and traders seeking the latest updates and insights on Hudson Tech stock.
Hudson Technologies Inc (NASDAQ: HDSN) regularly issues news and updates related to its refrigerant products, reclamation services and activities in the Heating, Ventilation, Air Conditioning and Refrigeration industry. Company announcements highlight operational performance, strategic agreements, acquisitions and participation in environmental programs focused on responsible refrigerant management.
Investors following HDSN news will see periodic earnings releases and conference call notices, where Hudson reports financial results and discusses factors such as refrigerant sales volumes, pricing and margins. The company also discloses information about its balance sheet, capital allocation, stock repurchase authorizations and amendments to its revolving credit facility with Wells Fargo Bank, National Association.
Hudsons news flow includes contract awards and partnerships. For example, the company has announced that it was awarded, as prime contractor, an indefinite delivery, indefinite quantity contract with the U.S. Defense Logistics Agency to manage and supply refrigerants, compressed gases, cylinders and related items to U.S. military commands, installations and federal civilian agencies. It has also reported collaborations with organizations such as the California Air Resources Board and the DC Sustainable Energy Utility on refrigerant recovery and reclamation pilots.
Corporate governance and leadership developments are another recurring theme in Hudsons news. Recent releases describe changes in the roles of Chairman, President and Chief Executive Officer, interim leadership arrangements and the appointment of a new CEO under an employment agreement. Acquisition announcements, such as the purchase of the business assets of Denver Refrigerants, Inc. (doing business as Refrigerants Inc.), provide additional insight into how Hudson expands its recovery network and access to aftermarket refrigerant.
This news page aggregates these types of disclosures so readers can review Hudson Technologies earnings announcements, contract wins, environmental program participation, capital structure updates and leadership changes in one place.
Hudson Technologies (NASDAQ: HDSN) will hold a conference call on August 5, 2020, at 5:00 p.m. ET to discuss its Q2 results. Interested participants can access the live webcast by visiting www.hudsontech.com and navigating to the 'Investor Relations' section.
For phone participation, dial (844) 407-9500 or (862) 298-0850 for international callers. A replay will be available until September 4, 2020 by calling (877) 481-4010, using conference ID: 35826.
Hudson Technologies, Inc. (NASDAQ: HDSN) has appointed Brian F. Coleman as Chairman, President, and CEO, following the passing of former CEO Kevin J. Zugibe. Coleman has been with the company since 1997 and previously served as President and COO since 2001. Hudson Technologies specializes in optimizing commercial and industrial chiller plants and refrigeration systems, offering services aimed at increasing efficiency and reducing emissions. The company also provides cloud-based monitoring solutions and traditional refrigerant reclamation services.
Hudson Technologies, Inc. (NASDAQ: HDSN) announced the unexpected passing of its CEO and Chairman, Kevin J. Zugibe. His profound impact on the company is acknowledged, and the Board of Directors has appointed Brian Coleman as the new CEO. Coleman, the current President and COO, is expected to uphold Zugibe's legacy. Hudson Technologies specializes in sustainable solutions for refrigeration systems, emphasizing efficiency, cost savings, and environmental impact reduction. The company’s services include proprietary refrigerant management and cloud-based monitoring solutions.
Hudson Technologies reported Q1 2020 revenues of $36.4 million, reflecting a 5% increase from $34.7 million in Q1 2019, driven by higher refrigerant sales volume. The gross margin improved to 23%, up from 20% year-over-year. Operating income rose to $0.4 million compared to $0.2 million in the prior year. The net loss narrowed to $2.9 million or ($0.07) per share, from a loss of $4.0 million or ($0.09) per share in Q1 2019. Hudson maintains a strong liquidity position with approximately $27 million as of March 31, 2020, despite concerns about potential demand declines due to COVID-19.
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