Hudson Tech Stock Price, News & Analysis

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.

Hudson Technologies (HDSN) announced the EPA's final rule for HFC allowances, establishing a phasedown framework for the production and consumption of virgin HFCs under the AIM Act. The plan involves a 10% reduction in baseline HFC levels by 2022, with a cumulative 40% reduction mandated by 2024. CEO Brian F. Coleman emphasizes the positive impact on greenhouse gas emissions and the growth potential for reclamation services, as Hudson currently holds a 35% market share in refrigerant reclamation. These developments position Hudson favorably to address supply shortages as HFC production declines over the coming years.

Hudson Technologies reported strong results for Q2 2021, with revenues of $60.5 million, a 27% increase from Q2 2020's $47.7 million. The revenue growth was attributed to rising demand and increased selling prices for refrigerants. Gross margin improved to 36% from 27% year-over-year. Operating income surged to $14.4 million, and net income rose to $11.3 million or $0.26 per share. For the six months ending June 30, 2021, revenues reached $94.3 million, up 12% from $84.0 million in 2020. The company anticipates further growth driven by upcoming HFC phasedown regulations.

Hudson Technologies, Inc. (NASDAQ: HDSN) will hold a conference call and webcast on August 4, 2021, at 5:00 p.m. ET to discuss its second quarter results. Interested participants can access the live webcast on the Hudson Technologies website under “Investor Relations.” For phone participation, call (888) 506-0062 or (973) 528-0011 for international callers, using entry code: 685058. A replay will be available until September 3, 2021, accessible at (877) 481-4010. Hudson Technologies specializes in innovative solutions for industrial refrigeration and chiller efficiency.

Hudson Technologies, Inc. (NASDAQ: HDSN) has secured a five-year contract renewal with the United States Defense Logistics Agency (DLA) to supply refrigerants and compressed gases, potentially generating $400 million in sales over a total 10-year period. This renewal extends their original contract from July 2016 and reflects Hudson's strong performance as a strategic supply partner for the Department of Defense. CEO Brian F. Coleman highlighted the company's exceptional ratings in performance metrics as a key factor in securing this renewal.

Hudson Technologies, Inc. (NASDAQ: HDSN) announced its inclusion in the Russell Microcap Index effective June 28, 2021. Membership validates Hudson's market position in the refrigerant industry and is expected to enhance investor awareness and shareholder value. The Russell indexes are critical benchmarks for $10.6 trillion in assets. Hudson Technologies provides sustainable solutions for optimizing industrial chiller plants and refrigeration systems, ensuring performance, energy savings, and reduced environmental impact.

Hudson Technologies, Inc. (NASDAQ: HDSN) will participate in the 18th Annual Craig-Hallum Institutional Investor Conference on June 2, 2021. CEO Brian F. Coleman and CFO Nat Krishnamurti will be available for one-on-one and small group meetings from 8:00 a.m. to 6:00 p.m. ET. Hudson Technologies specializes in innovative solutions for optimizing commercial and industrial chiller plants and refrigeration systems, offering services that enhance efficiency and reduce greenhouse gas emissions. For more details, visit www.hudsontech.com.