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.
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Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on May 3, 2023, at 5:00 p.m. Eastern Time to discuss its first quarter 2023 results. Interested parties can access the webcast via the Hudson Technologies website by navigating to the 'Investor Relations' section. For phone participation, callers should dial (888) 506-0062 or (973) 528-0011 for international calls, using the entry code 448742. A replay of the call will be available until June 2, 2023, at (877) 481-4010 (international (919) 882-2331) with conference ID 48107. Hudson Technologies specializes in sustainable refrigerant products and services, emphasizing environmental commitment and innovative solutions.
Hudson Technologies (NASDAQ: HDSN), a provider of refrigerant products and services, announced participation in Oppenheimer & Co.'s Expert Call series on April 4, 2023. The call will discuss the low-GWP refrigerant transition affecting the HVACR industry. This engagement underscores the company's commitment to sustainability and innovation in refrigerant management. Hudson Technologies has invested substantially in recovery technology, solidifying its position as one of the largest refrigerant reclaimers in the U.S. Their extensive service offerings further enhance efficiency and environmental responsibility in HVACR systems.
Hudson Technologies reported a 26% increase in Q4 2022 revenues to $47.4 million, driven by rising refrigerant prices and sales volume. However, gross margin fell to 32%, down from 45% in Q4 2021, and operating income decreased to $7.1 million from $9.3 million year-over-year. For the full year 2022, revenues surged 69% to $325.2 million, with a gross margin increase to 50%. Net income reached $103.8 million, or $2.31 per share, compared to $32.3 million in 2021. Notably, total debt was reduced to $46.8 million from $94.9 million, improving stockholders' equity to $175 million. The company remains optimistic about the future impact of HFC regulation on demand for reclaimed refrigerants.
Hudson Technologies, a leader in innovative refrigerant solutions, will have its President and CEO, Brian Coleman, attending the 35th Annual ROTH Conference on March 13, 2023, at the Ritz-Carlton Laguna Niguel in Dana Point, California. This event presents a valuable opportunity for one-on-one meetings with investors. Hudson Technologies is recognized for its commitment to sustainability in the HVAC and Refrigeration sectors, being one of the largest refrigerant reclaimers in the U.S. The company invests in advanced separation technology to recover refrigerants, ensuring they meet industry standards for certified EMERALD Refrigerants™.
Hudson Technologies will hold a conference call and webcast on March 8, 2023, at 5:00 p.m. ET, to discuss its Q4 and full year 2022 results. Interested participants can log in at www.hudsontech.com under the “Investor Relations” section. For those wishing to join by phone, call (888) 506-0062 for domestic or (973) 528-0011 for international access, using entry code 799619. A replay will be available until April 7, 2023, at (877) 481-4010 or (919) 882-2331 with conference ID 47630.
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