Hudson Tech Stock Price, News & Analysis

Hudson Technologies (NASDAQ: HDSN) announced its inclusion in the Russell 2000 Index effective June 27, 2022, following the annual reconstitution. This membership reflects its strong market capitalization and positions the company among the 4,000 largest US stocks. CEO Brian F. Coleman highlighted the enhanced visibility and credibility this brings, reinforcing their commitment to sustainable refrigerant solutions. Approximately $12 trillion in assets are benchmarked against Russell indexes, emphasizing their significance in investment strategies.

Hudson Technologies reported strong Q1 2022 results, with revenues of $84.3 million, up 149% from $33.8 million in Q1 2021. Gross margin improved to 54% compared to 27% last year, driven by increased selling prices of refrigerants. Operating income reached $38.3 million, while net income was $29.6 million or $0.66 per basic share. The company entered a new $85 million term loan and anticipates revenue above $270 million for 2022, positioning itself strongly for increased market share as HFC production phases down under the AIM Act.

Hudson Technologies (NASDAQ: HDSN) will host a conference call and webcast on May 4, 2022, at 5:00 p.m. ET to discuss its first quarter 2022 results. Interested participants can access the live webcast via the Hudson Technologies website under 'Investor Relations'. For phone participation, dial (877) 545-0320 or (973) 528-0002 for international callers, using entry code: 859979. A replay of the teleconference will be available until June 3, 2022, through the provided phone numbers and conference ID: 45325.

Hudson Technologies reported robust financial results for Q4 and FY 2021, with Q4 revenues soaring 71% to $37.8 million, driven by higher refrigerant prices. Gross margin increased to 45% from 25% year-over-year. For the full year, revenue reached $192.7 million, up 31%, with a net income of $32.3 million compared to a loss of $5.2 million in 2020. The company secured an $85 million term loan and increased its credit facility to $90 million, enhancing financial flexibility. CEO Brian F. Coleman expects potential revenues over $270 million in 2022 and emphasizes the opportunity from tighter HFC regulations.

Hudson Technologies, Inc. (NASDAQ: HDSN) will hold a conference call and webcast on March 8, 2022, at 5:00 p.m. ET to discuss its fourth quarter and year-end results. Interested participants can join via the company's website or by phone using specified dial-in numbers. A replay of the call will be available until April 7, 2022. Hudson Technologies specializes in sustainable solutions for chiller plants and refrigeration systems, offering services like RefrigerantSide® and SMARTenergy OPS® for enhanced efficiency and cost savings. For details, visit hudsontech.com.

Hudson Technologies, Inc. (NASDAQ: HDSN) has secured an $85 million term loan with TCW Asset Management and amended its revolving credit facility to $90 million. The new financing is expected to reduce the overall effective interest rate by approximately 3%. The company's CEO, Brian Coleman, highlighted the refinancing as a reflection of strong operational performance and improved cost of capital. Additionally, the amended facility allows for over $50 million in liquidity for future needs, supporting Hudson's commitment to environmentally-friendly refrigerants.

Hudson Technologies (NASDAQ: HDSN) partners with AprilAire to supply reclaimed refrigerant, aiming to meet California Air Resources Board (CARB) regulations. This collaboration highlights their commitment to sustainability and healthy air solutions. AprilAire will be the first Original Equipment Manufacturer (OEM) to comply with the new CARB requirements. The partnership is set to deliver environmentally-friendly products that improve air quality, leveraging Hudson's expertise in reclaiming refrigerants. This initiative not only supports regulatory compliance but also aims to reduce greenhouse gas emissions.

Hudson Technologies reported strong financial results for Q3 2021, achieving revenues of $60.6 million, a 46% increase from Q3 2020. The gross margin improved to 39% compared to 22% last year, primarily due to higher refrigerant prices. Operating income soared to $16.9 million, up from $2.1 million a year prior, and net income reached $15.9 million, or $0.36 per share, contrasting with a nominal profit in 2020. For the first nine months of 2021, revenue totaled $155.0 million, up 24% year-over-year. Hudson emphasizes a proactive inventory strategy amid supply chain disruptions.

Hudson Technologies (NASDAQ: HDSN) will hold a conference call on November 3, 2021, at 5:00 p.m. ET to discuss its third quarter results. Participants can access the live webcast on Hudson's website under 'Investor Relations'. For phone access, dial (888) 506-0062 or (973) 528-0011 for international callers, using entry code 720614. A replay will be available until December 3, 2021, at (877) 481-4010. Hudson Technologies specializes in innovative solutions for commercial and industrial refrigeration systems, enhancing efficiency and sustainability.