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), 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.
Hudson Technologies, Inc. reported a decrease in revenues by 15% in the first quarter of 2024 compared to the same period in 2023. Gross margin decreased to 33%, and operating income also saw a decline. Net income fell to $9.6 million from $15.5 million in 2023. Despite challenges in the selling season due to lower refrigerant prices, the company anticipates full-year revenue in the range of $250 to $265 million with a gross margin below the target of 35%. Hudson remains optimistic about the phasedown of HFC and the potential for increased profitability.
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