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. provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration industry. Company news commonly covers refrigerant sales volumes, HFC pricing, recovery and reclamation activity, and the transition toward lower-GWP refrigerants used in commercial air conditioning, industrial processing and refrigeration systems.
Recurring developments include quarterly operating results, share repurchase activity, completed business acquisitions, customer or government contract updates, and licensing arrangements for reclaimed refrigerant resale, including HFO blends such as R-448A and R-449A. Governance and leadership updates also appear in connection with board composition and senior operating roles.
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.
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.