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, 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.
Hudson Technologies, Inc. (NASDAQ: HDSN), a leader in sustainable refrigerant solutions, announced its CEO, Brian F. Coleman, will ring the Nasdaq Closing Bell on July 12, 2022. The event will be streamed live starting at 3:30 p.m. ET. Coleman expressed pride in the company's commitment to creating environmentally friendly refrigerant technologies and thanked employees and shareholders for their support. Hudson Technologies has invested significantly in reclamation technology, making it one of the largest refrigerant reclaimers in the U.S.
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.