Hudson Technologies

Hudson Technologies, Inc. operates as a refrigerant services company, which provides solutions to recurring problems within the refrigeration industry. Its products and services are used in commercial air conditioning, industrial processing, and refrigeration systems, which include refrigerant sales, refrigerant management services consisting primarily of reclamation of refrigerants, and Refrigerant Side services performed at the customer's site to remove moisture, oils and other contaminants. The company also offers predictive and diagnostic services through the Chiller Chemistry and Chill Smart brands. Hudson Technologies was founded by Stephen P. Mandracchia and Kevin J. Zugibe on January 11, 1991 and is headquartered in Woodcliff Lake, NJ.

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Hudson Technologies excels in Q4 2022, eyes growth opportunities

Hudson Technologies' Q4 2022 Earnings Call showcased strong financial performance, sustainable initiatives, and strategic positioning for future growth.
While facing challenges in gross margin optimization and market dynamics, the company's focus on innovation and environmental responsibility presents opportunities for expansion and profitability.
Analyst inquiries highlighted key areas for improvement and strategic focus, indicating a proactive approach to addressing market challenges and maximizing opportunities.

Hudson Technologies reports Q1 revenue decline but strengthens financials

Hudson Technologies delivered mixed Q1 2023 results with revenue decline but improved financial health. The company's focus on sustainable solutions and participation in the GreenChill Program position them well for future growth. Challenges lie in managing market prices and achieving margin targets amidst economic shifts.

Hudson Technologies reports solid Q2 earnings amidst sustainability focus

Hudson Technologies faced revenue and gross margin challenges in Q2 2023 but showcased strong profitability and reduced debt, positioning well for sustainability-driven growth.
The company's focus on sustainable practices, financial resilience, and innovation presents opportunities for future expansion and competitive advantage.
Navigating regulatory changes and market dynamics will be key, requiring strategic adaptation and continued emphasis on sustainable products and services.

Hudson Technologies reports resilient Q3 performance amidst market challenges

Hudson Technologies navigated pricing challenges to achieve a 40% gross margin in Q3 2023, driven by strategic initiatives and higher-margin sales.
The company's commitment to sustainability and debt reduction efforts showcase strong financial discipline and strategic alignment with market trends.
Despite revenue decline, Hudson's focus on reclaim refrigerants and EPA regulations positions them well for future growth and industry opportunities.
Anticipated market changes in HFC production present both challenges and opportunities for Hudson to leverage their expertise and financial strength.

Hudson Technologies reports Q4 revenue decline, strengthens balance sheet

Hudson Technologies navigated challenges in revenue decline by focusing on debt reduction and operational efficiency. The company's commitment to sustainability and strategic financial planning position them for future growth.
Despite regulatory landscape changes and market pressures, Hudson remains resilient with a strong balance sheet and a clear focus on innovation and environmental responsibility.
With a solid financial performance in 2023 and strategic initiatives in place, Hudson Technologies is poised to leverage opportunities in the evolving cooling solutions market and drive shareholder value.

Hudson Technologies grapples with pricing challenges but eyes future growth

Hudson Technologies faced challenges in Q1 2024 with declining revenue and profitability due to pricing pressures.
Despite this, the company maintains strong liquidity and stockholders' equity, positioning it well for future growth.
Optimism for improved sales prices and profitability in the future is driven by strategic initiatives and the anticipated impact of the AIM Act.
Investors should monitor how Hudson Technologies navigates market challenges and capitalizes on growth opportunities.

Hudson Technologies reports stable Q2 earnings amidst pricing challenges

Hudson Technologies faced pricing pressure challenges despite strong demand, maintaining financial stability and profitability.
The company's strategic initiatives, including the USA refrigerants acquisition and share repurchase program, aim to drive long-term value and enhance profitability.
Positive outlook on industry transitions and growth prospects position Hudson Technologies for future success and leadership in the market.

Hudson Technologies reports Q3 revenue decline, focuses on profitability

Hudson Technologies faced revenue challenges in Q3 but maintained positive net income and strong operating income.
The company's share repurchase program and capital allocation strategy demonstrate confidence in its financial stability.
Effective inventory management and pricing strategies are crucial for addressing challenges and seizing growth opportunities.
Strategic integration of USA Refrigerants and focus on operational efficiency position Hudson Technologies for future growth.

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Hudson Technologies, Inc. is a refrigerant services company, which engages in the provision of innovative solutions to recurring problems within the refrigeration industry. Its products and services include commercial air conditioning, industrial processing, refrigeration systems, refrigerant and industrial gas sales, and refrigerant management services. The company was founded by Stephen P. Mandracchia and Kevin J. Zugibe on January 11, 1991 and is headquartered in Woodcliff Lake, NJ.

Hudson Technologies, Inc. (NASDAQ:HDSN ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Jennifer Belodeau - Investor Relations Brian Coleman - Chairman, President and Chief Executive Officer Nat Krishnamurti - Vice President and Chief Financial Officer Conference Call Participants Gerry Sweeney - ROTH Capital Ryan Sigdahl - Craig-Hallum Capital Austin Moeller - Canaccord Operator Greetings. Welcome to the Hudson Technologies' Third Quarter 2023 Earnings Call.

Hudson Technologies, Inc. (HDSN) Q3 2023 Earnings Call Transcript

Hudson Technologies (HDSN) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.56 per share a year ago.

Hudson Technologies (HDSN) Q3 Earnings and Revenues Lag Estimates

WOODCLIFF LAKE, N.J., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on Wednesday, November 1, 2023 at 5:00 p.m. Eastern Time to discuss the Company's third quarter 2023 results.

Hudson Technologies to Host Conference Call to Discuss Third Quarter 2023 Results

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WOODCLIFF LAKE, N.J., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation's largest refrigerant reclaimers – today announced the appointment of Kathleen L. Houghton to the Company's Board of Directors. Ms. Houghton currently serves as Hudson's Vice President – Sales and Marketing and will fill the vacancy resulting from the concurrent resignation of Stephen P. Mandracchia from the Board.

Hudson Technologies Announces Appointment of Kathleen L. Houghton to Board of Directors

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WOODCLIFF LAKE, N.J., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation's largest refrigerant reclaimers – today announced that the Company has joined the Cool Coalition, a global multi-stakeholder network that connects a wide range of key participants from government, cities, international organizations, businesses, finance, academia, and civil society groups to facilitate knowledge exchange, advocacy and joint action towards a rapid global transition to efficient and climate-friendly cooling.

Hudson Technologies Joins Cool Coalition

Hudson Technologies' short-term expectations have moderated, leading to a downgraded HOLD recommendation with a near-term price target of $13.90/share. The company is well-positioned for the future circular economy with its ability to produce and sell rehabilitated refrigerant as FDA regulations on virgin HFC use become stricter. Hudson experienced a decline in revenue and gross profit, but management is optimizing operations by deleveraging the balance sheet and improving inventory management.

Hudson Technologies Is Optimizing Operations For Long-Term Sustainability

Hudson Technologies announces full repayment of outstanding term debt, resulting in over $10 million of annual savings on interest expenses. The company has reduced its debt by $100 million over the past 15 months, making it less risky and more credit-worthy. Hudson sports now a strong balance sheet which makes its bull-case even more clear.

Hudson Technologies: Target Price Revision After Debt Repayment

WOODCLIFF LAKE, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry–and one of the nation's largest refrigerant reclaimers–today announced that the Company has repaid in full the remaining principal balance outstanding under its Credit Agreement with TCW Asset Management Company, LLC (“TCW”). In addition, on July 31, 2023 Hudson repaid in full its $15 million first-in-last-out (“FILO”) term loan. Over the last 15 months, the Company has paid down $100 million of term loan and FILO debt combined, resulting in over $10 million of annual savings on interest expense, inclusive of any prepayment fees.

Hudson Technologies Announces Full Repayment of Outstanding Term Debt

Hudson Technologies (HDSN) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.59 per share a year ago.

Hudson Technologies (HDSN) Tops Q2 Earnings Estimates

WOODCLIFF LAKE, N.J., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the second quarter ended June 30, 2023.

Hudson Technologies Reports Second Quarter 2023 Results

Hudson Technologies provides sustainable refrigerant products and services to the HVACR industry. The company faces long-term tailwinds from climate change. With a PEGY of 0.26x, a forward EV/EBITDA of 4.85x, and trailing Price/Cash flow of 5.92x, I currently consider them significantly undervalued.

Hudson Technologies: Long-Term Tailwinds From Climate Change

WOODCLIFF LAKE, N.J., July 26, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation's largest refrigerant reclaimers – today announced that Brian Coleman, President and Chief Executive Officer, and Nat Krishnamurti, Chief Financial Officer, will be presenting at the 43rd Annual Canaccord Genuity Growth Conference on Wednesday, August 9, 2023 at the InterContinental Boston. Hudson's presentation will take place at 8:00 am ET and the Company will be available for one-on-one meetings throughout the day.

Hudson Technologies to Attend 43rd Annual Canaccord Genuity Growth Conference

WOODCLIFF LAKE, N.J., July 19, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) will host a conference call and webcast on Wednesday, August 2, 2023 at 5:00 p.m. Eastern Time to discuss the Company's second quarter 2023 results.

Hudson Technologies to Host Conference Call to Discuss Second Quarter 2023 Results

WOODCLIFF LAKE, N.J., July 18, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative sustainable solutions to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation's largest refrigerant reclaimers – today announced that its EMERALD Refrigerants™ line of products has received recognition as the prestigious Top Product of the Year in the Environment + Energy Leader Awards program. The awards program aims to commend excellence in products and projects that deliver significant energy and environmental benefits.

Hudson Technologies' Emerald Refrigerants™ Named Top Product Of 2023 By Environment + Energy Leader

WOODCLIFF LAKE, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative sustainable solutions to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation's largest refrigerant reclaimers – today announced that it has achieved carbon neutrality for its operational scope 1 and 2 GHG emissions for the year 2022.

Hudson Technologies Achieves Carbon Neutrality at Reclamation Facilities

The arrival of El Niño, a climate pattern that generally brings warmer weather, could benefit Hudson Technologies, a company whose demand for reclaimed refrigerants for air conditioning systems increases with rising temperatures. Despite weather-related risks, Hudson Technologies reported a good Q1 with a gross margin of 39%. The NOAA's prediction of a warmer than normal summer could further boost the company's performance. The Aim Act, which mandates a phased reduction of greenhouse gases used in coolants, refrigerators, and AC systems, is also expected to provide a tailwind for Hudson Technologies, a leader in refrigerant reclamation in the U.S.

Hudson Technologies: Yet Another Tailwind As El Niño Kicks In

Hudson Technologies Inc. ( HDSN , Financial) provides solutions to recurring problems within the refrigeration industry, namely in terms of recycling.

Hudson Technologies: A Niche Market Leader in Refrigerants

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Hudson Technologies is a buy due to its low valuation, strong growth, industry leadership, and large total addressable market in the refrigerant wholesale and recycling industry. The company is poised to capitalize on the Aims Act, which aims to phase out harmful HFCs and spur new refrigeration technologies, benefiting Hudson's recycling business. Risks include a lack of a deep moat, potential further dilution of shares outstanding, and volatility in margins and earnings.

Hudson Technologies: Certain As Refrigerators And Air Conditioning

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