WOODCLIFF LAKE, N.J., Sept. 10, 2025 (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 it will host a panel discussion “Reclaiming the Future Together™- Power On the Growth of Refrigerant Reclamation,” on Monday, September 22, 2025 at 9:30 a.m. ET at NASDAQ MarketS ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, inc ...

WOODCLIFF LAKE, N.J., Sept. 08, 2025 (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 has partnered with DC Sustainable Energy Utility (“DCSEU”), to launch a new Refrigerant Recovery and Reclamation (RR&R) Pilot. This first-of-its-kind initiative, led by a utility incentive program, i ...

Core Insights - Value investing is a preferred strategy for identifying strong stocks across various market conditions, utilizing fundamental analysis to find undervalued companies [2][3] Company Analysis - Hudson Technologies (HDSN) holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The current P/E ratio for HDSN is 18.06, significantly lower than the industry average P/E of 30.23, suggesting that HDSN may be undervalued [4] - Over the past 52 weeks, HDSN's Forward P/E has fluctuated between a high of 20.77 and a low of 7.72, with a median of 13.60, further supporting the notion of undervaluation [4][5] - The strength of HDSN's earnings outlook contributes to its classification as an impressive value stock at this time [5]

Core Insights - Investors in the Industrial Services sector should consider Hudson Technologies (HDSN) and SiteOne Landscape (SITE) as potential value opportunities [1] Valuation Metrics - Both HDSN and SITE have a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and improving earnings outlooks [3] - HDSN has a forward P/E ratio of 20.24, while SITE has a higher forward P/E of 40.19 [5] - HDSN's PEG ratio is 0.67, suggesting better value relative to its expected EPS growth compared to SITE's PEG ratio of 2.39 [5] - HDSN's P/B ratio is 1.61, indicating a lower market value compared to its book value, while SITE's P/B ratio is 3.82 [6] - Based on these valuation metrics, HDSN earns a Value grade of A, whereas SITE receives a Value grade of C [6] Conclusion - HDSN is considered the superior value option compared to SITE based on the discussed valuation figures [7]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Hudson Technologies (HDSN) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperforming the market; HDSN has a Zacks Rank of 2 (Buy) [3] Group 2: Performance Metrics - HDSN shares have increased by 11.96% over the past week, while the Zacks Industrial Services industry has decreased by 7.97% during the same period [5] - Over the past quarter, HDSN shares have risen by 23.91%, and by 23.44% over the last year, compared to the S&P 500's increases of 13.18% and 21.49%, respectively [6] - HDSN's average 20-day trading volume is 522,704 shares, indicating a bullish sign if the stock price rises with above-average volume [7] Group 3: Earnings Outlook - In the past two months, two earnings estimates for HDSN have increased, raising the consensus estimate from $0.37 to $0.47 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [9] Group 4: Conclusion - Considering all factors, HDSN is rated as a 2 (Buy) stock with a Momentum Score of B, making it a promising near-term investment option [11]

Company Overview - Century Aluminum (CENX) is part of the Industrial Products group, which consists of 189 companies and ranks 4 in the Zacks Sector Rank [2] - The Zacks Rank for Century Aluminum is 2 (Buy), indicating a favorable outlook based on earnings estimates and revisions [3] Performance Analysis - Year-to-date, Century Aluminum has increased by approximately 24.3%, outperforming the average gain of 5.6% in the Industrial Products group [4] - In comparison, another stock in the sector, Hudson Technologies (HDSN), has shown a significant return of 75.3% year-to-date [4] - The consensus estimate for Century Aluminum's full-year earnings has risen by 12.4% in the past quarter, reflecting improved analyst sentiment [3] Industry Context - Century Aluminum operates within the Metal Products - Procurement and Fabrication industry, which includes 8 companies and currently ranks 38 in the Zacks Industry Rank [5] - Stocks in this specific industry have gained about 7.8% year-to-date, indicating that Century Aluminum is performing better than its peers in this category [5] - Hudson Technologies belongs to the Industrial Services industry, which has seen a 3.9% increase this year, and is also ranked 38 [6]

Hudson Technologies (NASDAQ: HDSN ) represents somewhat of an exception in my portfolio, which is, for the most part, built on high-quality blue chips that are usually monopolistic or hold a leading position in a concentrated industry. First, Hudson's market capitalization is below $500 million, so it Analyst's Disclosure:I/we have a beneficial long position in the shares of HDSN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I a ...

PART I – FINANCIAL INFORMATION [Item 1 - Financial Statements (unaudited)](index=4&type=section&id=Item%201%20-%20Financial%20Statements%20(unaudited)) Presents Hudson Technologies' unaudited consolidated financial statements, covering balance sheets, income, equity, cash flows, and accounting notes [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (Amounts in thousands) | Metric | June 30, 2025 (unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :------------------ | | Cash and cash equivalents | $84,293 | $70,134 | | Trade accounts receivable – net | $35,883 | $13,629 | | Inventories | $77,683 | $96,247 | | Total current assets | $212,587 | $195,512 | | Total Assets | $317,853 | $302,652 | | Total current liabilities | $54,804 | $47,809 | | Total Liabilities | $63,074 | $56,802 | | Total Stockholders' Equity | $254,779 | $245,850 | [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) Consolidated Statements of Income Highlights (Amounts in thousands, except per share amounts) | Metric | Three months ended June 30, 2025 | Three months ended June 30, 2024 | Six months ended June 30, 2025 | Six months ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Revenues | $72,849 | $75,282 | $128,192 | $140,532 | | Gross profit | $22,811 | $22,571 | $34,879 | $43,992 | | Operating income | $12,724 | $12,798 | $15,799 | $25,574 | | Net income | $10,168 | $9,585 | $12,926 | $19,147 | | Net income per common share – Basic | $0.23 | $0.21 | $0.29 | $0.42 | | Net income per common share – Diluted | $0.23 | $0.20 | $0.28 | $0.40 | [Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) Changes in Stockholders' Equity (Six Months Ended June 30, 2025 vs 2024, Amounts in thousands) | Item | 2025 | 2024 | | :-------------------------------- | :----- | :----- | | Balance at January 1 | $245,850 | $228,773 | | Repurchase of common shares | $(4,535) | — | | Share-based compensation | $538 | $751 | | Net income | $12,926 | $19,147 | | Balance at June 30 | $254,779 | $248,668 | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Statements of Cash Flows Highlights (Six Months Ended June 30, Amounts in thousands) | Activity | 2025 | 2024 | | :-------------------------------- | :----- | :----- | | Net income | $12,926 | $19,147 | | Cash provided by operating activities | $20,569 | $40,835 | | Cash used in investing activities | $(1,875) | $(22,755) | | Cash used in financing activities | $(4,535) | $(2) | | Increase in cash and cash equivalents | $14,159 | $18,078 | | Cash and cash equivalents at end of period | $84,293 | $30,524 | [Notes to the Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) [Note 1 - Summary of Significant Accounting Policies](index=8&type=section&id=Note%201%20-%20Summary%20of%20Significant%20Accounting%20Policies) - Hudson Technologies provides refrigerant services, including sales, recovery, reclamation, and RefrigerantSide® Services, primarily for commercial air conditioning, industrial processing, and refrigeration systems[19](index=19&type=chunk)[20](index=20&type=chunk) - The USA Refrigerants Acquisition (June 6, 2024) for **$20.7 million cash** (plus up to **$2.0 million contingent payment**) aims to broaden customer networks, increase access to recovered refrigerants, and enhance geographic footprint[24](index=24&type=chunk)[25](index=25&type=chunk) - The AIM Act mandates a phase-down of HFC production and consumption, with a cumulative **40% reduction for 2024-2029**. Refrigerant reclamation is unrestricted and crucial for maintaining HFC supply[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) - The EPA's Final Refrigerant Management Rule (Sept 20, 2024) requires better management and reuse of existing HFCs, including leak repair, automatic leak detection, and mandatory use of reclaimed HFCs for certain applications[30](index=30&type=chunk) Revenue from United States Defense Logistics Agency (DLA) (Amounts in millions) | Period | Revenue | | :-------------------------------- | :------ | | Six months ended June 30, 2025 | $17.7 | | Six months ended June 30, 2024 | $18.8 | *DLA accounted for greater than 10% of the Company's revenue and outstanding accounts receivable* [Note 2 - Fair Value](index=19&type=section&id=Note%202%20-%20Fair%20Value) - The company categorizes fair value measurements into a three-level hierarchy: Level 1 (active markets, identical assets), Level 2 (less active markets, similar assets), and Level 3 (unobservable inputs)[72](index=72&type=chunk)[73](index=73&type=chunk) - Carrying values of cash, trade accounts receivable, and accounts payable approximate fair value due to their relatively short maturity[32](index=32&type=chunk) [Note 3 - Inventories](index=21&type=section&id=Note%203%20-%20Inventories) Inventories (Amounts in thousands) | Item | June 30, 2025 (unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :------------------ | | Refrigerants and cylinders | $85,950 | $104,479 | | Less: net realizable value adjustments | $(8,267) | $(8,232) | | Total | $77,683 | $96,247 | [Note 4 - Property, plant and equipment](index=21&type=section&id=Note%204%20-%20Property%2C%20plant%20and%20equipment) Property, Plant and Equipment (Amounts in thousands) | Item | June 30, 2025 (unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :------------------ | | Subtotal (Gross) | $66,120 | $63,998 | | Less: Accumulated depreciation | $(43,901) | $(42,444) | | Total (Net) | $22,219 | $21,554 | *Depreciation expense for the six-month periods ended June 30, 2025 and 2024 was $1.5 million and $1.6 million, respectively* [Note 5 - Leases](index=21&type=section&id=Note%205%20-%20Leases) - Operating lease expense was **$0.9 million** for both the six-month periods ended June 30, 2025 and 2024[81](index=81&type=chunk) Operating Lease Liabilities and Terms (Amounts in thousands) | Metric | June 30, 2025 (unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :------------------ | | Present value of operating lease liabilities | $5,959 | $6,878 | | Weighted-average remaining term for operating leases | 2.51 years | 2.87 years | | Weighted-average discount rate for operating leases | 8.53% | 8.45% | [Note 6 - Goodwill and intangible assets](index=22&type=section&id=Note%206%20-%20Goodwill%20and%20intangible%20assets) - Goodwill remained at **$62.3 million** as of June 30, 2025, and December 31, 2024, with no impairment losses recognized for the six-month period ended June 30, 2025, or the year ended December 31, 2024[84](index=84&type=chunk)[85](index=85&type=chunk) Identifiable Intangible Assets (Net, Amounts in thousands) | Item | June 30, 2025 (unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :------------------ | | Covenant not to compete | $48 | $54 | | Customer relationships | $10,969 | $12,434 | | Above market leases | $224 | $246 | | Trade name | $1,214 | $1,366 | | Total identifiable intangible assets | $12,455 | $14,100 | *Amortization expense for the six-month periods ended June 30, 2025 and 2024 was $1.6 million and $1.5 million, respectively* [Note 7 - Share-based compensation](index=24&type=section&id=Note%207%20-%20Share-based%20compensation) - Share-based compensation expense for the six-month periods ended June 30, 2025 and 2024 was **$0.5 million** and **$0.7 million**, respectively[86](index=86&type=chunk) - As of June 30, 2025, **6,706,835 shares** of common stock were available under the Plans for future stock option grants or other stock-based awards[87](index=87&type=chunk) Stock Option Activity (Six Months Ended June 30) | Metric | 2025 | 2024 | | :-------------------------------- | :----- | :----- | | Options granted | 459,630 | 133,371 | | Options outstanding at June 30 | 2,953,350 | 45,516,146 (Note: This is total shares, not options) | | Weighted Average Exercise Price (Outstanding at June 30) | $4.16 | $3.63 (Note: This is for Dec 31, 2024) | | Intrinsic value of options outstanding (June 30) | $13.2 million | $8.6 million (Note: This is for Dec 31, 2024) | | Intrinsic value of options exercised (Six months) | $1.3 million | $0.2 million | [Note 8 - Short-term and Long-term debt](index=28&type=section&id=Note%208%20-%20Short-term%20and%20Long-term%20debt) - On June 23, 2025, the Amended Wells Fargo Revolving Credit Facility's maximum revolving loans were reduced from **$75 million to $40 million**, and the letter of credit sublimit was reduced from **$2 million to $1.5 million**[109](index=109&type=chunk) - As of June 30, 2025, the company had approximately **$40 million** in borrowing availability under the Amended Wells Fargo Facility with no outstanding balance, and was in compliance with all covenants[111](index=111&type=chunk)[112](index=112&type=chunk) - The Amended Wells Fargo Facility matures on March 2, 2027[110](index=110&type=chunk) [Note 9 – Accrued expenses and other current liabilities](index=30&type=section&id=Note%209%20%E2%80%93%20Accrued%20expenses%20and%20other%20current%20liabilities) Accrued Expenses and Other Current Liabilities (Amounts in thousands) | Item | June 30, 2025 (unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :------------------ | | Accrued expenses | $13,741 | $12,320 | | Cylinder deposits | $21,951 | $19,426 | | Lease obligations | $2,020 | $1,961 | | Other current liabilities | $228 | $106 | [Note 10 – Acquisition](index=32&type=section&id=Note%2010%20%E2%80%93%20Acquisition) - On June 6, 2024, the company acquired USA Refrigerants for **$20.7 million in cash** and a contingent payment of up to **$2.0 million**, recognizing **$14.5 million in goodwill** primarily from expected revenue growth[115](index=115&type=chunk)[117](index=117&type=chunk) USA Refrigerants Acquisition Pro Forma Financials (Six Months Ended June 30, Amounts in thousands) | Metric | 2025 | 2024 | | :-------------------------------- | :----- | :----- | | Revenues | $128,192 | $149,465 | | Net Income | $12,926 | $21,491 | [Note 11 – Share repurchases](index=34&type=section&id=Note%2011%20%E2%80%93%20Share%20repurchases) - The Board of Directors authorized a share repurchase program of up to **$20 million** (**$10 million** each for 2024 and 2025), with an aggregate cap of **$25 million**[119](index=119&type=chunk)[182](index=182&type=chunk) Share Repurchases (Six Months Ended June 30, 2025) | Period | Shares Repurchased | Total Cost | | :-------------------------------- | :----------------- | :--------- | | Three months ended June 30, 2025 | 495,065 | $2.7 million | | Six months ended June 30, 2025 | 803,653 | $4.5 million | [Note 12 – Segment information](index=34&type=section&id=Note%2012%20%E2%80%93%20Segment%20information) - The company operates as a single reportable segment, with consolidated net income used by management to evaluate performance and allocate resources[120](index=120&type=chunk)[121](index=121&type=chunk) [Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202%20-%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, liquidity, capital resources, risks, and accounting estimates, focusing on refrigerant sales and cash flow [Critical Accounting Estimates](index=35&type=section&id=Critical%20Accounting%20Estimates) - Significant judgments and estimates are involved in preparing financial statements, particularly concerning inventory reserves, goodwill, and intangible assets[125](index=125&type=chunk) - Inventory write-downs to net realizable value are influenced by market prices for refrigerant gases, which are affected by factors like weather, seasonality, supply, government regulation, and economic conditions[126](index=126&type=chunk) [Overview](index=35&type=section&id=Overview) - Hudson Technologies is a leading provider of sustainable refrigerant products and services to the HVACR industry, specializing in refrigerant reclamation and sales[127](index=127&type=chunk)[128](index=128&type=chunk) - Sales of refrigerants constitute the significant majority of the company's revenues[129](index=129&type=chunk) - The company holds a five-year contract with the United States Defense Logistics Agency (DLA) for refrigerant and compressed gas management and supply, expiring in July 2026[130](index=130&type=chunk) [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Three Months Ended June 30, 2025 vs 2024 | Metric | 2025 (in millions) | 2024 (in millions) | Change (%) | Primary Driver | | :-------------------------------- | :----------------- | :----------------- | :--------- | :------------- | | Revenues | $72.8 | $75.3 | -3% | Lower volume, partially offset by higher average sales price | | Gross Profit | $22.8 | $22.6 | +1% | Increase in average sales price | | Gross Margin | 31% | 30% | +1 ppt | Increase in average sales price | | SG&A Expenses | $9.3 | $9.0 | +3% | Increase in staffing costs | | Net Interest Income (Expense) | $0.7 | $(0.2) | N/A | Unlevered balance sheet, higher cash | | Net Income | $10.2 | $9.6 | +6% | Increased average selling prices, partially offset by lower sales volume | Six Months Ended June 30, 2025 vs 2024 | Metric | 2025 (in millions) | 2024 (in millions) | Change (%) | Primary Driver | | :-------------------------------- | :----------------- | :----------------- | :--------- | :------------- | | Revenues | $128.2 | $140.5 | -9% | Lower selling prices and slightly lower volume | | Gross Profit | $34.9 | $44.0 | -21% | Lower average selling prices | | Gross Margin | 27% | 31% | -4 ppt | Lower average selling prices | | SG&A Expenses | $17.4 | $17.0 | +2% | Increase in staffing | | Net Interest Income (Expense) | $1.2 | $(0.4) | N/A | Unlevered balance sheet, higher cash | | Net Income | $12.9 | $19.1 | -32% | Lower selling prices, slightly lower sales volume, higher SG&A | [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity and Capital Resources Highlights (Amounts in millions) | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :---------------- | | Working Capital | $157.8 | $147.7 | | Inventories | $77.7 | $96.2 | | Trade Receivables, net | $35.9 | $13.6 | | Cash and Cash Equivalents | $84.3 | $70.1 | Cash Flow Activities (Six Months Ended June 30, Amounts in millions) | Activity | 2025 | 2024 | | :-------------------------------- | :----- | :----- | | Net cash provided by operating activities | $20.6 | $40.8 | | Net cash used in investing activities | $(1.9) | $(22.8) | | Net cash used in financing activities | $(4.5) | $(0.0) | - The Amended Wells Fargo Revolving Credit Facility's maximum revolving loans were reduced from **$75 million to $40 million** on June 23, 2025. As of June 30, 2025, the company had approximately **$40 million** in borrowing availability with no outstanding balance and was in compliance with all covenants[109](index=109&type=chunk)[160](index=160&type=chunk)[161](index=161&type=chunk)[163](index=163&type=chunk) [Reliance on Suppliers and Customers](index=43&type=section&id=Reliance%20on%20Suppliers%20and%20Customers) - The company's operating results are sensitive to changes in regulations, its ability to source refrigerants, and fluctuations in demand and price for refrigerants[166](index=166&type=chunk) - The United States Defense Logistics Agency (DLA) accounted for over **10%** of the company's revenue and outstanding accounts receivable for the six-month periods ended June 30, 2025 and 2024[167](index=167&type=chunk) - The loss of a principal customer or a decline in purchases could have a material adverse effect on the company's operating results and financial position[168](index=168&type=chunk) [Seasonality and Weather Conditions and Fluctuations in Operating Results](index=45&type=section&id=Seasonality%20and%20Weather%20Conditions%20and%20Fluctuations%20in%20Operating%20Results) - The company's business is seasonal, with peak refrigerant sales occurring in the first nine months of each year. Unseasonably cool weather can adversely affect demand[169](index=169&type=chunk) - Operating results can vary due to weather, customer requirements, refrigerant availability and price, regulatory changes, and timing of equipment retrofits[169](index=169&type=chunk) [Recent Accounting Pronouncements](index=45&type=section&id=Recent%20Accounting%20Pronouncements) - The company is evaluating the impact of ASU 2023-09 (Income Taxes), effective for annual periods beginning after December 15, 2024, which requires additional disclosures for effective tax rate reconciliation and disaggregation of taxes paid[69](index=69&type=chunk)[170](index=170&type=chunk) - The company is also evaluating ASU 2024-03 (Expense Disaggregation), effective for annual periods beginning after December 15, 2026, which requires additional disclosure about specific expense categories[70](index=70&type=chunk)[170](index=170&type=chunk) [Item 3 - Quantitative and Qualitative Disclosures About Market Risk](index=45&type=section&id=Item%203%20-%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Outlines market risk exposure from interest rate fluctuations on the credit facility and changes in refrigerant demand, price, and availability - The company is exposed to interest rate risk from fluctuations on its Amended Wells Fargo Facility, which had a **$0.0 million** outstanding balance as of June 30, 2025[171](index=171&type=chunk) - Market risk also arises from fluctuations in the demand, price, and availability of refrigerants. Inability to source sufficient quantities or a decline in demand/price could negatively impact revenue or lead to inventory write-downs[172](index=172&type=chunk) [Item 4 - Controls and Procedures](index=45&type=section&id=Item%204%20-%20Controls%20and%20Procedures) Management confirmed effective disclosure controls and procedures as of June 30, 2025, with no material changes to internal control - The company's disclosure controls and procedures were evaluated and deemed effective as of June 30, 2025, providing reasonable assurance of timely and accurate information reporting[173](index=173&type=chunk) - There were no material changes to the company's internal control over financial reporting during the quarter ended June 30, 2025[175](index=175&type=chunk) PART II – OTHER INFORMATION [Item 1A - Risk Factors](index=47&type=section&id=Item%201A-%20Risk%20Factors) Refers to risk factors from the 2024 Form 10-K, confirming no material changes in the quarter - No material changes to the risk factors previously disclosed in the company's Form 10-K for the year ended December 31, 2024, occurred during the quarter ended June 30, 2025[177](index=177&type=chunk) [Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds](index=47&type=section&id=Item%202%20-%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Details share repurchase activities under the authorized program, including shares bought back and remaining value for future repurchases Issuer Purchases of Equity Securities (April 1 - June 30, 2025) | Period | Total Number of Shares Purchased | Average Price Paid Per Share | Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (millions of dollars) | | :-------------------------------- | :----------------------------- | :--------------------------- | :------------------------------------------------------------------------------------------------- | | April 1-30, 2025 | 495,065 | $5.46 | $8.2 | | May 1-31, 2025 | — | — | $5.5 | | June 1-30, 2025 | — | — | $5.5 | | Total | 495,065 | $5.46 | $5.5 | - The company's Board of Directors approved an increase to the share repurchase program, allowing for the purchase of up to **$20 million** in shares (**$10 million** each for 2024 and 2025), with an aggregate cap of **$25 million**[182](index=182&type=chunk) [Item 5 - Other Information](index=47&type=section&id=Item%205%20-%20Other%20Information) Reports on an agreement with CFO Brian J. Bertaux, detailing non-compete clauses and severance terms for employment separations - An agreement with CFO Brian J. Bertaux (July 31, 2025) includes a **12-month non-compete clause** in the United States following termination for any reason[181](index=181&type=chunk) - The agreement provides for severance payments, including continuation of annual base salary and benefits for **twelve months**, and a lump sum bonus payment, in cases of involuntary separation without cause, disability, or voluntary separation for good reason[181](index=181&type=chunk) - Upon such separation events, all stock options, stock appreciation rights, and similar rights held by Mr. Bertaux will become fully vested and remain exercisable for a specified period[181](index=181&type=chunk)[183](index=183&type=chunk) [Item 6 - Exhibits](index=49&type=section&id=Item%206%20-%20Exhibits) Lists all exhibits filed as part of the Form 10-Q, including CEO/CFO certifications and the agreement with Brian J. Bertaux - Exhibits include certifications from the Chief Executive Officer and Chief Financial Officer (31.1, 31.2, 32.1, 32.2) and the agreement with Brian J. Bertaux (10.1)[185](index=185&type=chunk) [Signatures](index=50&type=section&id=Signatures) Contains the required signatures for the Form 10-Q, confirming its official submission to the SEC - The report was signed by Brian F. Coleman, Chairman of the Board, President and Chief Executive Officer, and Brian J. Bertaux, Chief Financial Officer, on August 1, 2025[189](index=189&type=chunk)

Core Viewpoint - Hudson Technologies (HDSN) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - A strong correlation exists between earnings estimate revisions and near-term stock price movements, making the Zacks rating system valuable for investors [4][6]. Institutional Investor Influence - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, leading to buying or selling actions that impact stock prices [4]. Business Improvement Indicators - The rising earnings estimates for Hudson Technologies indicate an improvement in the company's underlying business, which is expected to drive the stock price higher [5][10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Hudson Technologies is projected to earn $0.47 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 45.3% over the past three months [8]. Zacks Rank System Performance - The Zacks Rank system has a strong track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, indicating the potential for market-beating returns [7][9]. Positioning in the Market - The upgrade to Zacks Rank 1 places Hudson Technologies in the top 5% of Zacks-covered stocks, suggesting a favorable outlook for near-term stock price movement [10].