[Earnings Release Overview](index=1&type=section&id=Earnings%20Release%20Overview) Hudson Technologies announced its Q2 2025 financial results, highlighting key performance metrics and providing an outlook on business strategies and market positioning [Q2 2025 Highlights](index=1&type=section&id=Q2%202025%20Highlights) Hudson Technologies reported Q2 2025 results with a slight revenue decrease but improved gross margin and a strong cash position, reflecting operational resilience despite a slow start to the selling season | Metric | Value | | :--------------------- | :---------- | | Second Quarter Revenue | $72.8 million | | Gross Margin | 31% | | Net Income | $10.2 million | | Diluted EPS | $0.23 | | Cash at June 30, 2025 | $84.3 million | | Debt at June 30, 2025 | No debt | - Revenue decreased by **3%** compared to Q2 2024, primarily due to decreased sales volume, partially offset by slightly increased pricing for certain refrigerants[7](index=7&type=chunk) - Gross margin improved to **31%** from **30%** in Q2 2024, mainly driven by slightly increased pricing[7](index=7&type=chunk) [CEO Commentary and Business Outlook](index=1&type=section&id=CEO%20Commentary%20and%20Business%20Outlook) CEO Brian F. Coleman highlighted a solid Q2 performance, attributing improved gross margin to increased refrigerant pricing and enhanced sourcing of recovered refrigerants. He emphasized growth in the national reclamation business, strategic positioning for the HFC phase-down, and a disciplined capital allocation strategy focused on organic growth, acquisitions, and stock repurchases - Delivered a solid second quarter despite a slow start to the core selling season due to mild temperatures in the Northeast and Midwest[2](index=2&type=chunk) - Growth in the national reclamation business is attributed to Hudson's bolstered market presence and the strategic acquisition of USA Refrigerants[2](index=2&type=chunk) - The company is well-positioned for the third industry-wide HFC phase-down, which presents a significant long-term growth opportunity for reclaimed HFCs[4](index=4&type=chunk) - Strengthened unlevered balance sheet, ending the quarter with **$84.3 million** in cash, and committed to a capital allocation strategy focusing on organic growth, additive acquisitions, and opportunistic stock repurchases[5](index=5&type=chunk) [Company Information](index=2&type=section&id=Company%20Information) This section provides an overview of Hudson Technologies, detailing its core business as a leading refrigerant reclaimer and its comprehensive range of services for the HVAC&R industry [About Hudson Technologies](index=2&type=section&id=About%20Hudson%20Technologies) Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services to the HVAC&R industry, recognized as one of the largest refrigerant reclaimers in the U.S. The company offers a range of services including refrigerant sales, management, and specialized on-site services, along with energy monitoring and carbon offset projects - A leading provider of innovative and sustainable refrigerant products and services to the Heating Ventilation Air Conditioning and Refrigeration (HVAC&R) industry[11](index=11&type=chunk) - One of the first and largest refrigerant reclaimers in the United States, restoring refrigerants to Air-Conditioning, Heating, and Refrigeration Institute (AHRI) standards for reuse as certified EMERALD Refrigerants™[11](index=11&type=chunk) - Services include refrigerant and industrial gas sales, refrigerant management (reclamation), RefrigerantSide® Services (system decontamination), SmartEnergy OPS® (web-based monitoring), Chiller Chemistry®, Chill Smart® (predictive/diagnostic services), and carbon offset projects[11](index=11&type=chunk) [Detailed Financial Performance](index=1&type=section&id=Detailed%20Financial%20Performance) This section presents a detailed analysis of Hudson Technologies' financial results for the second quarter and first half of 2025, comparing key metrics against the prior year [Three Months Ended June 30, 2025 (Q2 Results)](index=1&type=section&id=Three%20Months%20Ended%20June%2030%2C%202025%20%28Q2%20Results%29) For the second quarter of 2025, Hudson Technologies experienced a slight revenue decline of 3.2% year-over-year, reaching $72.8 million, primarily due to decreased sales volume. Despite this, gross margin improved to 31%, and net income increased by 6.1% to $10.2 million | Metric | Q2 2025 (in thousands) | Q2 2024 (in thousands) | YoY Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :------------- | | Revenues | $72,849 | $75,282 | -3.23% | | Cost of sales | $50,038 | $52,711 | -5.07% | | Gross profit | $22,811 | $22,571 | 1.06% | | Gross margin | 31% | 30% | +1 pp | | Selling, general and administrative | $9,265 | $9,013 | 2.79% | | Operating income | $12,724 | $12,798 | -0.58% | | Net income | $10,168 | $9,585 | 6.08% | | Net income per diluted share | $0.23 | $0.20 | 15.00% | [Six Months Ended June 30, 2025 (H1 Results)](index=2&type=section&id=Six%20Months%20Ended%20June%2030%2C%202025%20%28H1%20Results%29) For the first six months of 2025, Hudson Technologies reported a 8.8% decrease in revenues to $128.2 million, driven by lower sales volume and decreased selling prices. Gross margin declined to 27% from 31% in the prior year, leading to a 32.5% decrease in net income to $12.9 million | Metric | H1 2025 (in thousands) | H1 2024 (in thousands) | YoY Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :------------- | | Revenues | $128,192 | $140,532 | -8.78% | | Cost of sales | $93,313 | $96,540 | -3.29% | | Gross profit | $34,879 | $43,992 | -20.71% | | Gross margin | 27% | 31% | -4 pp | | Selling, general and administrative | $17,435 | $16,960 | 2.80% | | Operating income | $15,799 | $25,574 | -38.22% | | Net income | $12,926 | $19,147 | -32.49% | | Net income per diluted share | $0.28 | $0.40 | -30.00% | - Revenues declined primarily due to a slight decrease in sales volume and decreased selling prices for certain refrigerants compared to the first six months of 2024[12](index=12&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) This section provides the complete consolidated financial statements, including balance sheets, income statements, and cash flow statements, offering a comprehensive view of the company's financial position and performance [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, Hudson Technologies' total assets increased to $317.9 million from $302.7 million at year-end 2024, driven by higher cash and trade accounts receivable, partially offset by lower inventories. Total liabilities also saw an increase to $63.1 million | Balance Sheet Item (in thousands) | June 30, 2025 | December 31, 2024 | Change | | :-------------------------------- | :------------ | :---------------- | :----- | | Cash and cash equivalents | $84,293 | $70,134 | +$14,159 | | Trade accounts receivable – net | $35,883 | $13,629 | +$22,254 | | Inventories | $77,683 | $96,247 | -$18,564 | | Total current assets | $212,587 | $195,512 | +$17,075 | | Total Assets | $317,853 | $302,652 | +$15,201 | | Total current liabilities | $54,804 | $47,809 | +$6,995 | | Total Liabilities | $63,074 | $56,802 | +$6,272 | | Total Stockholders' Equity | $254,779 | $245,850 | +$8,929 | [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) The consolidated statements of income provide a detailed breakdown of Hudson Technologies' financial performance for the three and six months ended June 30, 2025, showing revenues, cost of sales, gross profit, operating expenses, and net income compared to the corresponding periods in 2024 | Income Statement Item (in thousands) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--------------------------------- | :------ | :------ | :------ | :------ | | Revenues | $72,849 | $75,282 | $128,192 | $140,532 | | Cost of sales | $50,038 | $52,711 | $93,313 | $96,540 | | Gross profit | $22,811 | $22,571 | $34,879 | $43,992 | | Selling, general and administrative | $9,265 | $9,013 | $17,435 | $16,960 | | Operating income | $12,724 | $12,798 | $15,799 | $25,574 | | Income before income taxes | $13,375 | $12,646 | $17,026 | $25,208 | | Income tax expense | $3,207 | $3,061 | $4,100 | $6,061 | | Net income | $10,168 | $9,585 | $12,926 | $19,147 | | Net income per diluted share | $0.23 | $0.20 | $0.28 | $0.40 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, cash provided by operating activities decreased to $20.6 million from $40.8 million in the prior year, largely due to changes in working capital. Cash used in investing activities significantly reduced to $1.9 million due to the absence of acquisition payments, while cash used in financing activities increased to $4.5 million, primarily for common share repurchases | Cash Flow Item (in thousands) | H1 2025 | H1 2024 | Change | | :---------------------------- | :------ | :------ | :----- | | Net income | $12,926 | $19,147 | -$6,221 | | Cash provided by operating activities | $20,569 | $40,835 | -$20,266 | | Cash used in investing activities | ($1,875) | ($22,755) | +$20,880 | | Cash used in financing activities | ($4,535) | ($2) | -$4,533 | | Increase in cash and cash equivalents | $14,159 | $18,078 | -$3,919 | | Cash and cash equivalents at end of period | $84,293 | $30,524 | +$53,769 | - The decrease in cash from operating activities was significantly influenced by changes in **trade accounts receivable** and **inventories**[20](index=20&type=chunk) - Cash used in investing activities decreased substantially due to no payments for acquisitions in H1 2025, compared to **$20.7 million** in H1 2024[20](index=20&type=chunk) - Cash used in financing activities was primarily driven by **$4.5 million** in common share repurchases during H1 2025[20](index=20&type=chunk) [Supplementary Information](index=2&type=section&id=Supplementary%20Information) This section provides additional context, including details on the Q2 2025 conference call, a safe harbor statement for forward-looking information, and investor relations contact details [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) Hudson Technologies hosted a conference call and webcast on July 30, 2025, to discuss its second quarter 2025 results, with a replay available for access until August 29, 2025 - A conference call and webcast were held on Wednesday, **July 30, 2025**, at **5:00 p.m. Eastern Time** to discuss Q2 2025 results[9](index=9&type=chunk) - A replay of the teleconference is available until **August 29, 2025**, accessible via dial-in with conference ID: **52624**[10](index=10&type=chunk) [Safe Harbor Statement](index=3&type=section&id=Safe%20Harbor%20Statement) This section serves as a cautionary note regarding forward-looking statements within the report, highlighting that actual results may differ materially due to various known and unknown risks and uncertainties, including regulatory changes, market conditions, and economic factors - Statements not based on historical facts are forward-looking and involve risks, uncertainties, and other factors that could cause actual results to differ materially[13](index=13&type=chunk) - Key factors include changes in laws/regulations, demand/price for refrigerants, sourcing ability, seasonality, competition, litigation, and economic conditions[13](index=13&type=chunk) - Readers are cautioned against undue reliance on these statements, which are valid only as of the date they were made[13](index=13&type=chunk) [Investor Relations Contact](index=3&type=section&id=Investor%20Relations%20Contact) Contact information is provided for investor relations inquiries, including both the external investor relations firm and the company's President & CEO - Investor Relations Contact: **John Nesbett/Jennifer Belodeau** at **IMS Investor Relations**, **(203) 972-9200**, **hudson@imsinvestorrelations.com**[14](index=14&type=chunk) - Company Contact: **Brian F. Coleman**, **President & CEO**, **Hudson Technologies, Inc.**, **(845) 735-6000**, **bcoleman@hudsontech.com**[14](index=14&type=chunk)

Core Insights - Hudson Technologies reported a solid second quarter despite a slow start to the core selling season, with revenues slightly decreasing compared to the same period in 2024 [1][6] - The company achieved a gross margin of 31%, primarily due to increased pricing of certain refrigerants and improved sourcing of recovered refrigerants [1][7] - Hudson's national reclamation business is growing, attributed to its enhanced market presence and the strategic acquisition of USA Refrigerants [1][3] Financial Performance - For the second quarter ended June 30, 2025, Hudson reported revenues of $72.8 million, a decrease of 3% from $75.3 million in the same period of 2024 [6][7] - The net income for the second quarter was $10.2 million, or $0.23 per diluted share, compared to $9.6 million, or $0.21 per diluted share in the prior year [6][7] - For the first six months of 2025, revenues totaled $128.2 million, down 9% from $140.5 million in the first half of 2024 [5][14] Operational Highlights - The company ended the quarter with $84.3 million in cash and no debt, reflecting a strengthened unlevered balance sheet [4][9] - Selling, general and administrative expenses increased slightly to $9.3 million in the second quarter compared to $9.0 million in the same period of 2024 [7][14] - Hudson Technologies is focused on meeting refrigerant and reclamation needs, leveraging long-standing customer relationships [2][3] Strategic Positioning - The ongoing phase-down of HFCs presents a significant long-term growth opportunity for reclaimed HFCs, as demand will increase while the supply of newly manufactured HFCs becomes limited [3][4] - The company is committed to investing in organic growth, pursuing acquisitions, and opportunistically repurchasing stock to enhance shareholder value [4][12]

Company Overview - Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services in the Heating, Ventilation, Air Conditioning, and Refrigeration industry [3] - The company is one of the largest refrigerant reclaimers in the United States, having made multimillion dollar investments in advanced separation technology for refrigerant recovery [3] - Hudson Technologies offers a range of services including refrigerant and industrial gas sales, refrigerant management services, and on-site system decontamination [3] Upcoming Event - Brian Bertaux, Chief Financial Officer, and Kate Houghton, Senior Vice President of Sales and Marketing, will attend the 45th Annual Canaccord Genuity Growth Conference on August 12, 2025 [1] - A presentation will be made at 2:00 PM ET, with opportunities for one-on-one meetings throughout the day [2]

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Company Overview - Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services in the Heating Ventilation Air Conditioning and Refrigeration industry [3] - The company has been a pioneer in refrigerant reclamation in the U.S., investing multimillion dollars in advanced separation technology to recover and restore refrigerants to industry standards [3] - Hudson Technologies offers a range of services including refrigerant and industrial gas sales, refrigerant management services, and predictive diagnostic services [3] Upcoming Events - Hudson Technologies will host a conference call and webcast on July 30, 2025, at 5:00 p.m. Eastern Time to discuss its second quarter 2025 results [1] - A replay of the teleconference will be available until August 29, 2025, accessible by dialing specific numbers with a conference ID [2]

Core Insights - Anywhere Real Estate Inc. has appointed Tom Hudson as Head of Investor Relations to enhance engagement with the investment community and highlight the company's growth potential [1][2] - The company aims to strengthen its financial communication and unlock new growth opportunities under Hudson's leadership [2] Company Overview - Anywhere Real Estate Inc. is a global leader in residential real estate services, offering integrated services including franchise, brokerage, relocation, and title and settlement businesses, as well as mortgage and title insurance [5] - The company operates well-known brands such as Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, and Sotheby's International Realty®, serving over 300,000 affiliated agents globally [5] Leadership Background - Tom Hudson has extensive experience in financial leadership and investor engagement, having held senior roles at companies like Fanatics, Fitbit, eBay, and PayPal [3] - Hudson played a significant role in major strategic milestones, including Fitbit's $2.1 billion acquisition by Google and the spin-off and IPO of PayPal from eBay [3] Strategic Focus - The company is focusing on growth, innovation, and improving its capital structure, which Hudson believes presents an opportunity to reintroduce its story to the investment community [4]

Company Overview - Hudson Technologies, Inc. (NASDAQ: HDSN) primarily engages in the purchase and resale of recycled refrigerants used in commercial HVAC systems, holding a 35% market share in the US [1] Market Demand - The total demand for recycled refrigerants is driven by the overall demand for HVAC systems [1]

Group 1 - Hudson Technologies (HDSN) shares increased by 8.9% to close at $7.93, following a notable trading volume compared to typical sessions, despite a 6.9% loss over the past four weeks [1][2] - An analyst at B. Riley Securities upgraded Hudson Tech from Neutral to Buy, raising the price target from $7.50 to $9.00, citing firming hydrofluorocarbon (HFC) pricing as summer begins, influenced by tariff-related supply constraints and tightening availability of newer refrigerants [2][3] - Hudson Tech holds a leadership position with approximately 35% of the U.S. reclamation market share, supported by a solid balance sheet and normalized inventory levels, which could lead to further upside if HFC market momentum continues [3] Group 2 - The expected quarterly earnings for Hudson Tech are $0.15 per share, reflecting a year-over-year decrease of 25%, with revenues projected at $69.13 million, down 8.2% from the previous year [3] - The consensus EPS estimate for Hudson Tech has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] - Hudson Tech is categorized under the Zacks Industrial Services industry, with a current Zacks Rank of 3 (Hold) [5]

Core Insights - Cohen & Steers, Inc. has invested $300 million in Hudson Pacific Properties, representing 43% of HPP's $690 million offering, aimed at supporting HPP's balance sheet recapitalization [1][2]. Company Overview - Hudson Pacific Properties is a real estate investment trust (REIT) focused on serving tech and media tenants in key global markets, leveraging a high-barrier approach to property development and management [3]. - The company utilizes a full-service value creation platform, which includes identifying, acquiring, transforming, and developing properties into high-quality office and studio spaces [3]. Market Outlook - The West Coast office market is believed to be recovering and expected to gain momentum in the coming years, with Hudson Pacific Properties positioned to benefit from this trend due to its strong management and high-quality portfolio [2]. - The recapitalization of HPP's balance sheet is intended to reduce debt, extend existing debt maturities, and capitalize on the potential occupancy upside of its portfolio [2].

Core Viewpoint - Hudson Technologies, Inc. (HDSN) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend may be forthcoming [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout [2]. - The formation of a golden cross typically follows a downtrend, a crossover of moving averages, and culminates in an upward price movement [3]. Recent Performance - HDSN has experienced a 7.5% rally over the past four weeks, indicating positive momentum [4]. - The stock currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be positioned for further gains [4]. Earnings Outlook - HDSN's earnings outlook is favorable, with two upward revisions in earnings estimates over the past 60 days, contributing to a positive consensus estimate [4]. - The combination of technical indicators and earnings revisions strengthens the bullish case for HDSN [5].