Ted Broudy, President of USA commented, "Hudson is the right home for our business. With their additional resources and expertise in field service, recovery, and reclamation, our USA customers will continue to receive the excellent level of care and attention we have always provided, and the opportunity to combine our capabilities with Hudson's will allow us to expand our expertise and service to a broader customer base. We look forward to joining Hudson and establishing a new team dedicated to rapidly grow ...

Core Viewpoint - Hudson Pacific Properties, Inc. (HPP) has been downgraded from a "Hold" to a "Sell" rating due to deteriorating fundamentals and an overbought stock situation [1][3]. Operational Highlights - HPP's occupancy levels have declined, with in-service occupancy at 79.0% and leased at 80.5% as of Q1 2024, down from 86.9% and 88.7% respectively in Q1 2023 [5][6]. - The company executed leases for 508,615 square feet in Q1 2024, compared to 344,069 square feet in Q1 2023 [6]. - The net effective rent per square foot decreased to $39.08 from $43.78 year-over-year [6]. Financial Performance - Total revenues for HPP were $214.023 million in Q1 2024, down from $252.263 million in Q1 2023 [10]. - The net loss attributable to common stockholders increased to $52.202 million in Q1 2024 from $20.425 million in Q1 2023 [10]. - Funds from Operations (FFO) per diluted share decreased to $0.15 from $0.34 year-over-year [10]. Debt and Financial Outlook - HPP's debt to EBITDA ratio is approaching 10x, indicating increased financial strain [9]. - The company has significant debt maturities coming due, including a $259 million tranche in December 2025 [11]. - The occupancy rate in San Francisco is at 36.6%, contributing to HPP's challenges [22]. Market Conditions - The overall vacancy rate in San Francisco is at 35%, with major tech companies beginning layoffs, which could further impact HPP [2]. - The market has priced in expectations of credit easing, but HPP's fundamentals suggest a more cautious outlook [2]. Preferred Shares - Preferred shares of HPP have maintained their value despite the decline in common shares, but they are still considered risky due to the company's financial situation [24][25].

WOODCLIFF LAKE, N.J., May 22, 2024 (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, will attend the 21st Annual Craig-Hallum Institutional Investor Conference on Wednesday, May 29, 2024 at the Depot Renaissanc ...

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 [2] - The company has been a significant player in refrigerant reclamation, being one of the largest in the United States, with multimillion-dollar investments in advanced separation technology [2] - Hudson Technologies offers a range of services including refrigerant and industrial gas sales, refrigerant management services, and on-site system decontamination [2] Products and Services - The company provides certified EMERALD Refrigerants™ that meet the Air-Conditioning, Heating, and Refrigeration Institute standards for reuse [2] - SmartEnergy OPS® is a web-based real-time continuous monitoring service for refrigeration and energy systems [2] - The company also offers predictive and diagnostic services through its Chiller Chemistry® and Chill Smart® services [2] Upcoming Events - Brian Coleman, President and CEO of Hudson Technologies, will present at the 24th Annual B. Riley Securities Institutional Investor Conference on May 22, 2024 [1] - The presentation is scheduled for 2:30 p.m. PT, and one-on-one meetings will be available throughout the day [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 | New York | 13-3641539 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organ ...

WOODCLIFF LAKE, N.J., May 06, 2024 (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 has entered into a licensing agreement with The Chemours Company. By the terms of the agreement, Hudson may now sell Hudson reclaimed refrigerants under Freon™ R-11, Freon™ R-12 ...

Financial Performance - For Q1 2024, Hudson Technologies reported revenues of $65.3 million, a decrease of 15% from $77.2 million in Q1 2023[3] - Gross margin for Q1 2024 was 33%, down from 39% in Q1 2023[3] - Operating income decreased to $12.8 million in Q1 2024 from $22.7 million in the prior year[3] - Net income for Q1 2024 was $9.6 million, or $0.21 per basic share, compared to $15.5 million, or $0.34 per basic share in Q1 2023[3] Future Outlook - The company anticipates full-year revenue between $250 million and $265 million, with gross margin expected to be below the targeted 35%[5] - Hudson Technologies aims to benefit from the ongoing HFC phasedown and expects pricing to increase as supply tightens[5] Industry Trends - The industry experienced a 20% decline in pricing for certain refrigerants compared to Q1 2023[4] - The EPA's proposed Refrigerant Management rule is expected to be finalized in late summer, mandating the use of reclaimed refrigerants for certain applications[5] Inventory Management - Current pricing dynamics allow Hudson to replenish inventory with lower-cost refrigerants during the 2024 cooling season[5] Asset Overview - Total assets as of March 31, 2024, were $294.2 million, a slight decrease from $296.7 million at the end of 2023[13]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 13-3641 ...

Exhibit 99.1 HUDSON TECHNOLOGIES REPORTS FOURTH QUARTER AND YEAR END 2023 RESULTS WOODCLIFF LAKE, NJ – MARCH 6, 2024 – Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the fourth quarter and year ended December 31, 2023. For the quarter ended December 31, 2023, Hudson reported revenues of $44.9 million, a decrease of 5% compared to revenues of $47.4 million in the comparable 2022 period. The decrease is primarily related to decreased selling prices for certain refrigerants, offset by slightly ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 | New York | 13-3641539 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 300 Tice Boulevard | | | Suite 290 | | | Woodcliff Lake, New Jersey | 07677 | | (Address of principal executive offices) | (Zip Code) | | Registrant's telephone number, including area code | (845) 735-6000 | OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...