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 (NASDAQ: HDSN) announced on December 13, 2022, that its partner AprilAire will exclusively use reclaimed refrigerants in its systems. This partnership, announced earlier in January 2022, aims to support sustainable air solutions. AprilAire is now an early adopter of the CARB Regulation Order for Certified Reclaimed Refrigerant Use Requirements, transitioning to 100% reclaimed refrigerant. Hudson's technology enhances environmental responsibility, reducing air pollution and waste while maximizing refrigerant value.
Hudson Technologies, Inc. (HDSN) reported strong third-quarter results for 2022, with revenues increasing by 48% to $89.5 million, driven by higher refrigerant prices. Gross margin rose to 49%, up from 39% in 2021, resulting in operating income of $36.3 million, compared to $16.9 million the previous year. Net income reached $29.4 million or $0.65 per share. For the first nine months, revenues surged 79% to $277.8 million, with a gross margin of 53%. The company anticipates further growth as HFC production declines under the AIM Act.
Hudson Technologies, Inc. (NASDAQ: HDSN) will present at the Baird 2022 Global Industrial Conference on November 9, 2022, at 7:55 am CT in Chicago. CEO Brian F. Coleman will lead the presentation and be available for one-on-one meetings throughout the day. Hudson is a major player in sustainable refrigerant solutions, boasting nearly three decades of industry experience. The company's advanced reclamation technology emphasizes commitment to both customers and environmental sustainability, providing services like refrigerant management and continuous monitoring systems.
Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on November 2, 2022, at 5:00 p.m. Eastern Time to discuss its third quarter 2022 results. Investors can access the live webcast on the Hudson Technologies website under “Investor Relations.” To participate by phone, dial (888) 506-0062 or (973) 528-0011 for international calls, using entry code: 836412. A replay will be available until December 2, 2022, at (877) 481-4010 for domestic calls and (919) 882-2331 for international calls, with conference ID: 46794.
Hudson Technologies (NASDAQ: HDSN) has appointed Nicole Bulgarino and Loan Mansy to its Board of Directors, following the resignations of Otto C. Morch and the passing of Dominic J. Monetta. Bulgarino, an experienced executive from Ameresco, brings over 25 years of energy infrastructure expertise, while Mansy, from Clean Harbors, has 30 years in sales and service within hazardous waste management. The new board members aim to enhance Hudson's strategic growth and offerings in sustainable refrigerant management, with a focus on leveraging their extensive backgrounds in business development and operational excellence.
Hudson Technologies (HDSN) announced support for the ratification of the Kigali Amendment to the Montreal Protocol, aimed at phasing down hydrofluorocarbons (HFCs) by 85% by 2047. This ratification opens opportunities for U.S. businesses, including Hudson, to leverage their expertise in addressing environmental impacts from HFCs. Hudson highlights its reclamation capabilities and plans to expand globally as demand for sustainable refrigerants rises. The AIM Act provides a compliance path that may enhance reclamation activities, further solidifying Hudson's leadership in sustainable refrigerant solutions.
Hudson Technologies reported significant second-quarter results for 2022, with revenues reaching $103.9 million, a 72% increase from the prior year. The gross margin improved to 55%, fueled by higher selling prices for refrigerants. Operating income surged to $49.8 million, while net income rose to $39.8 million, reflecting an $11.6 million non-cash tax benefit. The company increased its 2022 revenue forecast to over $290 million and set a long-term target of over $400 million in annualized revenue by 2025.
Hudson Technologies, Inc. (NASDAQ: HDSN) has partnered with Lennox International Inc. (NYSE: LII) to supply certified reclaimed refrigerants, aligning efforts to meet CARB Regulation Order requirements for AC equipment manufacturers. This exclusive supply agreement emphasizes sustainability and compliance with environmental regulations.
Brian F. Coleman, CEO of Hudson, highlighted the company's commitment to reclaiming refrigerants and reducing greenhouse gas emissions, while Lennox aims to support its customers by using sustainable cooling solutions.
Hudson Technologies (NASDAQ: HDSN) will conduct a conference call on August 3, 2022, at 5:00 p.m. ET to discuss its Q2 2022 results. Investors can join the live webcast on the company's website under the 'Investor Relations' section. For phone participation, dial (888) 506-0062 for domestic calls or (973) 528-0011 for international callers, using entry code 252053. A replay will be available until September 2, 2022. Hudson Technologies specializes in sustainable solutions for chiller plants and refrigeration systems, offering services that enhance efficiency and reduce environmental impact.