Hudson Tech Stock Price, News & Analysis

Hudson Technologies (NASDAQ: HDSN) has announced a collaboration with LG Air Conditioning Technologies USA to supply EMERALD Refrigerants™ to LG's customer base. This partnership aims to promote sustainable refrigerant management practices and support the industry's transition to reclaimed refrigerants. Hudson's certified reclaimed refrigerants offer lower environmental impact and GWP levels compared to virgin refrigerants while maintaining equivalent performance.

The collaboration combines Hudson's expertise in refrigerant recovery, reclamation, and redistribution with LG's extensive customer network. It will help LG's customers meet new California refrigerant-related regulations and reinforce LG's commitment to delivering eco-conscious solutions. This partnership aligns with both companies' goals of reducing carbon emissions and promoting cleaner energy solutions in the HVAC industry.

Hudson Technologies (NASDAQ: HDSN) reported Q2 2024 results with revenues of $75.3 million, down 17% from $90.5 million in Q2 2023. The decrease was primarily due to lower refrigerant prices and reduced DLA contract revenue. Gross margin decreased to 30% from 41% in Q2 2023. Net income was $9.6 million ($0.21 per basic share), compared to $19.2 million ($0.42 per basic share) in Q2 2023.

For H1 2024, revenues were $140.5 million, down 16% from $167.7 million in H1 2023. Net income was $19.1 million ($0.42 per basic share), compared to $34.7 million ($0.77 per basic share) in H1 2023. The company anticipates full-year 2024 revenue of $240-250 million with a gross margin of approximately 30%.

Hudson's board authorized a $10 million share repurchase program for 2024 and 2025.

Hudson Technologies (NASDAQ: HDSN) has appointed Brian J. Bertaux as its new Chief Financial Officer, effective immediately. Bertaux, a seasoned finance executive, replaces Nat Krishnamurti. With 20 years of experience at Trex, where he contributed to significant revenue growth and market cap expansion, Bertaux brings valuable expertise to Hudson. His background includes roles as interim President at Trex Commercial Products and Senior Director of Finance and Strategy.

Bertaux's recent positions include VP of Finance at vonDrehle and CFO at Brown Haven Homes. He holds a B.S. in Finance and Accounting, an MBA, and is both a CPA and CTP. Hudson's CEO, Brian F. Coleman, expressed confidence in Bertaux's ability to contribute to the company's expansion in the cooling and reclamation industry.

Hudson Technologies (NASDAQ: HDSN) has announced a conference call and webcast to discuss its second quarter 2024 results. The event is scheduled for Tuesday, August 6, 2024, at 5:00 p.m. Eastern Time. Interested parties can access the live webcast through the company's website at www.hudsontech.com under the 'Events' section. For those participating via phone, the dial-in number is (877) 545-0523 for domestic callers and (973) 528-0016 for international callers, with the entry code 384150. A replay of the teleconference will be available until September 5, 2024, accessible by dialing (877) 481-4010 (US) or (919) 882-2331 (international) with conference ID 50910.

Hudson Technologies (NASDAQ: HDSN), a leading provider of sustainable refrigerant products and services, announced that CEO Brian Coleman will attend the ROTH 10th Annual London Conference. This event will take place on June 26, 2024, at the Four Seasons Hotel in London. Coleman will be available for one-on-one meetings throughout the day.

Hudson Technologies, a leader in refrigerant sales and services, announced the acquisition of USA Refrigerants for $20.7 million, with potential earnout payments up to $2 million. USA Refrigerants, a major national distributor and purchaser of recovered refrigerants, has sustained average annual revenues of $20 million over the past three years. The acquisition aims to enhance Hudson's refrigerant acquisition and reclamation capabilities, leveraging USA's strong network and expertise. This strategic move aligns with Hudson's target valuation of 6X EBITDA and is expected to boost sales of high-margin recovered refrigerants amid decreasing supply of virgin refrigerants.

Hudson Technologies (NASDAQ: HDSN), a top provider of sustainable refrigerant solutions, is set to participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024, in Minneapolis, Minnesota. Brian Coleman, the company's President and CEO, will attend and be available for one-on-one meetings throughout the event. This participation underscores Hudson Technologies' ongoing efforts to engage with institutional investors and showcase its market-leading position in the HVACR industry.

Hudson Technologies (NASDAQ: HDSN), a major provider of refrigerant products and services for HVACR, will participate in the 24th Annual B. Riley Securities Institutional Investor Conference on May 22, 2024. CEO Brian Coleman is scheduled to present at 2:30 p.m. PT and will also hold one-on-one meetings throughout the day. This event provides an opportunity for Hudson Technologies to showcase its innovative and sustainable refrigerant solutions to potential investors and stakeholders.

Hudson Technologies, Inc. (NASDAQ: HDSN) has entered into a licensing agreement with The Chemours Company to sell Hudson reclaimed refrigerants under the Freon™ brand name. This agreement allows Hudson to market legacy reclaimed refrigerant products using the Freon™ brand alongside their Emerald Refrigerants™ brand. The partnership aims to promote sustainable refrigerant solutions amid the industry's phase down and phase out of refrigerants.