Hudson Technologies Inc. (NASDAQ:HDSN) Q2 2020 Earnings Conference Call August 5, 2020 5:00 PM ET Company Participants Nat Krishnamurti - CFO Brian Coleman - President & COO Jennifer Belodeau - Institutional Marketing Services Conference Call Participants Gerard Sweeney - ROTH Capital Partners Ryan Sigdahl - Craig-Hallum Capital Group Operator Hello, everyone, and thank you for joining today's Hudson Technologies Second Quarter 2020 Earnings Report. [Operator instructions] To get us started with opening rem ...

FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-13412 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Hudson Technologies, Inc. (Exact name of registrant as specified in its charter) New York 13-3641539 (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Hudson Technologies, Inc. For the transition period from ____________ to ____________ Commission file number 1-13412 (Exact name of registrant as specified in its charter) New York 13-3641539 (State or ...

Financial Data and Key Metrics Changes - For Q1 2020, Hudson recorded revenues of $36.4 million, an increase of 5% compared to $34.7 million in Q1 2019, primarily due to an increase in the volume of refrigerants sold [20] - Gross margin for Q1 2020 was 23%, up from 20% in Q1 2019, attributed to selling lower-priced inventory [21] - The company reported a net loss of $2.9 million, or a loss of $0.07 per share, compared to a net loss of $4 million, or a loss of $0.09 per share in the same period of 2019 [22] - Selling, general and administrative expenses for Q1 2020 were $7.3 million, up from $6.0 million in Q1 2019, mainly due to increased nonrecurring professional fees [23] - Interest expense for Q1 2020 was $3.3 million, a decrease of $0.9 million from $4.2 million in Q1 2019, due to paying down $14 million of principal term loan debt [24] - Total debt balance at March 31, 2020, was approximately $109.6 million, with a term loan leverage ratio of 11.28x [25] Business Line Data and Key Metrics Changes - The company experienced an increase in overall sales volume to customers, indicating a positive trend in demand for refrigerants [17] - The pricing of R-22 has shown some strengthening, with current prices in the higher $10 range, indicating a stable market [39][40] Market Data and Key Metrics Changes - The marketplace is expected to adopt a phaseout of HFC refrigerants, with the AIM Act potentially leading to increased pricing due to a tightening supply-demand balance [14][15] - The company anticipates a tightening in the supply of virgin R-22 due to the elimination of R-22 production importation in 2020 [11] Company Strategy and Development Direction - Hudson aims to leverage its strong distribution network and proprietary technology to reclaim refrigerants, positioning itself as a producer and supplier of phased-out refrigerants [18] - The company is preparing for future demand for HFO refrigerants, which are designed to replace HFCs, indicating a strategic shift towards more environmentally friendly products [15] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the potential negative impact of COVID-19 on demand and pricing for refrigerants, noting that the economic factors resulting from governmental restrictions could affect sales [12][13] - Despite current challenges, management remains optimistic about long-term growth opportunities, citing a solid foundation due to a well-established customer base and the ability to provide refrigerants as needed [27][28] Other Important Information - The company has maintained operations during the pandemic, ensuring the supply of products while adhering to health guidelines [8][9] - Management highlighted the importance of employee safety and product quality during the crisis [9] Q&A Session Summary Question: Customer inventory levels - Management indicated that customer inventories are generally low, based on sales calls and discussions with customers [33][35] Question: R-22 pricing trends - Management confirmed that R-22 prices are currently stable, with higher $10 prices observed [39][40] Question: Reclaim volume initiatives - Management is initiating new programs to spur reclaim volume and has optimism about these efforts [45] Question: Inventory from Airgas acquisition - Management expects to sell through higher-priced inventory by the end of Q2 and anticipates improved margins in the latter half of the year [46] Question: Impact of COVID-19 on demand - Management noted that it is still early in the season to assess the impact of COVID-19 on demand, with uncertainty remaining [48]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-13412 Hudson Technologies, Inc. (Exact name of registrant as specified in its charter) New York 13-3641539 (State or Oth ...

Financial Data and Key Metrics Changes - For Q4 2019, Hudson recorded revenues of $25.8 million, slightly higher than $25.7 million in Q4 2018 [23] - Gross margin for Q4 2019 was 18.5%, an increase of 6.5% compared to 12% in Q4 2018 [23] - The company reported a net loss of $10.8 million for Q4 2019, compared to a net loss of $8.1 million in the same period of 2018 [24] - For the full year 2019, revenues were $162.1 million, a decrease of 2.7% from $166.5 million in 2018 [26] - The net loss for 2019 was $25.9 million, or $0.61 per share, compared to a net loss of $55.7 million in 2018 [27] Business Line Data and Key Metrics Changes - The increase in the number of pounds of certain refrigerants sold was noted, offset by a reduction in pricing [23] - The company maintained approximately 35% market share in refrigerants [39] Market Data and Key Metrics Changes - R-22 pricing is currently above $10 per pound, with expectations for continued demand due to the elimination of virgin production starting January 1, 2020 [7][11] - The company anticipates a shortfall in R-22 supply, creating opportunities for reclaiming and reselling R-22 [12] Company Strategy and Development Direction - Hudson aims to grow its market share and leadership position in the refrigerant reclamation business [17] - The company is focused on expanding its portfolio of products and services to appeal to a broader customer base [18] - The management is optimistic about the pricing and demand for R-22 going forward due to market dynamics [7][11] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2019 but expressed optimism about long-term prospects and market stabilization [17][20] - The potential impact of the coronavirus on refrigerant supply was noted, with management indicating readiness to meet customer demands [19][20] Other Important Information - The company generated $34 million in cash flow from operations in 2019 and paid down $31 million of debt [10][31] - A new revolving credit facility was established with Wells Fargo, providing financial flexibility [9][30] Q&A Session Summary Question: Were HFC volumes up in 2019? - Management indicated that there is no distinction between reclaim and virgin gas in sales, and they maintained approximately 35% market share in refrigerants [39] Question: Is inventory at a stable level entering 2020? - Management believes there is a small opportunity to rationalize inventory, but it may not be as significant as in previous years due to high-priced inventory from the Aspen acquisition [40] Question: Will the company generate free cash flow this year? - Management confirmed that positive cash flow is expected but did not provide a specific number [41] Question: Has the price of R-22 strengthened recently? - Management noted that R-22 prices have seen slow incremental increases to over $10, but it is still early in the season to predict market trends [44] Question: What is the expected timing for normal buying to begin? - Management indicated that buying typically begins when the weather warms up, with southern regions starting in mid-April and northern regions by late May [52] Question: Can you quantify other one-time costs related to SG&A? - Management stated that additional one-time costs for the past quarter were about $1.5 million, in addition to the $1.9 million write-off [54][56] Question: Any updates on the HFC market? - Management mentioned ongoing trade cases related to HFCs but expressed support for the phase-out of HFC virgin production [58]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-13412 Hudson Technologies, Inc. (Exact name of registrant as specified in its charter) New York 13-3641539 (State ...

Hudson Technologies Inc. (NASDAQ:HDSN) Q3 2019 Earnings Conference Call November 14, 2019 5:00 PM ET Company Participants Jen Belodeau - Institutional Marketing Services Ken Zugibe - Chairman & Chief Executive Officer Brian Coleman - President & Chief Operating Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Craig Hoagland - Anderson Hoagland & Co Operator Greetings and welcome to the Hudson Technologies Third Quarter 2019 Earnings Conference Call. At this time, all participants are in a li ...

Hudson Technologies, Inc. (NASDAQ:HDSN) Q2 2019 Results Conference Call August 14, 2019 5:00 PM ET Company Participants Jennifer Belodeau - Institutional Marketing Services Kevin Zugibe - Chairman and Chief Executive Officer Brian Coleman - President and Chief Operating Officer Conference Call Participants Steve Dyer - Craig Hallum John Stoltzfus - Oppenheimer Operator Greetings and welcome to the Hudson Technologies' Second Quarter 2019 Earnings Conference Call. At this time, all participants are in a list ...

For the quarterly period ended June 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-13412 Hudson Technologies, Inc. (Exact name of registrant as specified in its charter) New York (State or other jurisd ...