Financial Data and Key Metrics - Q3 2024 revenue decreased by 19% YoY to $61.9 million, primarily due to lower refrigerant market prices and reduced revenue from the DLA contract [26] - Gross margin for Q3 2024 was 26%, down from 40% in Q3 2023, reflecting lower refrigerant prices [26] - Operating income for Q3 2024 was $7 million, compared to $23.1 million in Q3 2023 [27] - Net income for Q3 2024 was $7.8 million or $0.17 per diluted share, down from $13.6 million or $0.29 per diluted share in Q3 2023 [28] - The company ended the quarter with $56.5 million in cash and no debt [28] Business Line Data and Key Metrics - HFC-410A prices declined by 20% from Q2 2024 to approximately $6 per pound, representing 70% of total aftermarket demand for HFCs [9][10] - The company expects full-year revenue to be at the low end of prior guidance, with a gross margin of approximately 28% [12][30] Market Data and Key Metrics - HFC inventory levels decreased by 2% YoY to 378 million metric tons of CO2e as of December 31, 2023 [20] - HFC reclaim pounds grew by approximately 20% in 2023 compared to 2022 [16] - The company holds a 20%-plus market share for HFC reclaim pounds, with R-410A at approximately 25% [19] Company Strategy and Industry Competition - The company is focused on capitalizing on the HFC phasedown and the expected growth in demand for reclaimed refrigerants [11] - The EPA's final refrigerant management rule mandates the use of reclaimed refrigerants for servicing certain sectors starting in 2029, which is expected to drive industry adoption [13][15] - The company is working with industry partners to improve recovery practices and increase reclaim activity [16] Management Commentary on Operating Environment and Future Outlook - Management remains confident that HFC pricing will increase as demand outstrips supply due to the ongoing phasedown [10][11] - The company is concerned about the slow decline in HFC inventory levels and the potential need for a petition to the EPA to accelerate the phasedown [20][33] - The company expects Q4 gross margin to be traditionally lower due to seasonality [12][30] Other Important Information - The company repurchased $2.6 million in common stock during Q3 2024 and increased its share repurchase program to $20 million [29] - The company recognized $2.3 million in non-recurring other income related to a litigation settlement [27] Q&A Session Summary Question: Expectations for HFC pricing and inventory levels - Management expressed concern about the slow decline in HFC inventory levels and the potential need for a petition to the EPA to accelerate the phasedown [33] - The company is uncertain about the timing of price increases but believes supply/demand economics will eventually drive prices higher [41] Question: Integration of USA Refrigerants acquisition - The integration is progressing well, with new customers and additional sources of reclaimed refrigerant [36] - The company is applying USA Refrigerants' strategies to its existing customer base, particularly those acquired from Airgas [37] Question: Gross margin recovery timeline - Management expects gross margins to recover to 30% in the longer term, contingent on higher market prices and the use of lower-cost inventory pools [42] Question: DLA contract revenue - DLA contract revenue for Q3 2024 was approximately $9 million, with full-year expectations adjusted to mid-$30 million, down from $50 million-plus in 2023 [46]

Hudson Technologies (HDSN) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this refrigerant services company would post earnings of $0.26 per share when it actually produced earnings of $0.20, delivering a surprise of -23.08%.Over the last fo ...

OLD GREENWICH, Conn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON), a leading global talent solutions company, will issue its third quarter financial results for the period ended September 30, 2024, before the market opens on Tuesday, November 12, 2024. The company will host a conference call to review its results that same day at 10:00 am ET (7:00 am PT). If you wish to join the conference call, please use the dial-in information below: Toll-Free Dial-In Number: 1-833-816-1383Intern ...

WOODCLIFF LAKE, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced that its board of directors has approved an increase to the Company's share repurchase program. Hudson may now purchase up to $20 million in shares of its common stock, consisting of up to $10 million in shares during each of calendar year 2024 and 2025. The Company had previously announced that its board had authorized the repurchase of $10 million of outstanding common stock during 2024 and 2025. Und ...

Core Concept - Old Navy launches its holiday campaign "Love is in the House" featuring Jennifer Hudson, aiming to celebrate the holiday spirit and promote its fashion offerings [1][2][3] Campaign Overview - The campaign showcases Jennifer Hudson as the hostess in a whimsical Old Navy house, featuring a variety of festive characters and holiday-themed activities [1][2] - The collection includes embellished denim, warm sweaters, puffer coats, and the iconic Jingle Jammies, positioning Old Navy as a go-to destination for family fashion during the holiday season [2] Marketing Strategy - The campaign will be aired across multiple platforms including cinema, social media, primetime networks, and streaming services, reaching a wide audience during significant events like NFL games [2] - The collaboration with Jennifer Hudson coincides with her first holiday album release, enhancing the campaign's appeal and connection to the holiday season [3][4] Product Highlights - Old Navy's collection emphasizes both holiday glam and comfort, offering affordable and stylish options for families [2] - The campaign features Hudson's rendition of "Winter Wonderland" from her holiday album, which will be available at select Old Navy stores during her tour [4] Brand Positioning - Old Navy aims to create an inclusive and welcoming shopping environment, reinforcing its brand identity as a provider of accessible and trendy apparel for families [4]

Core Viewpoint - Hudson Technologies, Inc. supports the EPA's final rule under the American Innovation and Manufacturing Act, which aims to reduce emissions of hydrofluorocarbons (HFCs) and promote the reclamation of refrigerants [1][3][5]. Regulatory Framework - The final rule establishes an Emissions Reduction and Reclamation Program to minimize HFC emissions from air conditioning and refrigeration systems [3]. - The EPA is authorized to phase down HFC production and consumption, implement regulations for reclamation, and facilitate the transition to next-generation technologies [3]. Key Provisions of the Final Rule - The rule mandates leak repairs for certain appliances and the use of automatic leak detection systems [4]. - It sets standards for reclaimed HFC refrigerants and requires servicing with reclaimed HFCs [4]. - Recovery of HFCs from disposable cylinders prior to disposal is also mandated, along with recordkeeping and reporting requirements [4]. Company Position - Hudson Technologies emphasizes the importance of the final rule in reducing leak rates and enhancing reclamation efforts [5]. - The company appreciates the standardized definition of reclaimed refrigerants and the sector mandates for their use, which will benefit both the environment and the economy [5]. - Hudson Technologies has invested significantly in advanced separation technology to recover and restore refrigerants to industry standards [6].

Core Insights - Hudson RPO has been recognized for the 16th consecutive year in HRO Today magazine's Baker's Dozen list of top enterprise recruitment process outsourcing (RPO) providers, achieving a ranking of 6 in the "Overall Enterprise RPO Leaders" category, which is the highest ranking in the last 16 years [1][2] Company Performance - Hudson RPO maintained its ranking of 6 from the previous year, indicating consistent performance in the RPO market [1][2] - The company received additional recognition in three key areas: Breadth of Service, Size of Deal, and Quality of Service, highlighting its commitment to client excellence [2] Industry Recognition - The Baker's Dozen list is based on a survey of 500 verified global customers who use recruitment outsourcing services, making it a leading global indicator of top recruitment outsourcing providers [3][4] - The survey evaluates RPO providers on overall breadth of service, deal size, and service quality, reflecting client satisfaction [4]

WOODCLIFF LAKE, N.J., Sept. 17, 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 sponsored a report released today by RMI (founded as Rocky Mountain Institute) assessing the emissions reduction impact of the implementation of R-410A refrigerant reclamation in the United States re ...

Hudson Technologies (HDSN) announced that it collaborated with LG Air Conditioning Technologies to supply EMERALD Refrigerants to LG's customer base. The agreement demonstrates Hudson Technologies' dedication to responsible and sustainable refrigerant management techniques. Hudson Technologies & LG Combining Strengths LG is an international player in the air conditioning business, committed to providing solutions that reduce energy consumption, boost efficiency and improve comfort. LG will use Hudson Techno ...

Core Viewpoint - Hudson Technologies, Inc. is hosting a panel discussion on refrigerant management during Climate Week NYC 2024, focusing on emissions reduction opportunities and the importance of refrigerant reclamation in combating climate change [1][2][3]. Group 1: Event Details - The panel discussion titled "Reclaiming the Future-Capitalizing on Emissions Reduction Opportunities in Refrigerant Management" will take place on September 23, 2024, at 11:30 a.m. at the NASDAQ MarketSite [1]. - This event is part of Climate Week NYC 2024, which features over 600 events aimed at promoting climate action [5][8]. Group 2: Panel Discussion Focus - The discussion will center around a forthcoming report from the Rocky Mountain Institute (RMI) that evaluates the climate impacts of refrigerant reclamation [2]. - Expert panelists will address how the U.S. can reduce greenhouse gas emissions from the refrigerant sector by enhancing the recovery and reclamation of R-410A refrigerant from end-of-life residential equipment [2]. - RMI's analysis indicates that lifecycle emissions from reclaiming R-410A are significantly lower than those from virgin production [2]. Group 3: Company Commitment and Initiatives - Hudson Technologies emphasizes its role in promoting a circular economy for refrigerants and aims to bridge supply and demand gaps during the phase-down of hydrofluorocarbons (HFCs) [3]. - The company has invested millions in advanced separation technology to recover various refrigerants and restore them for reuse as certified EMERALD Refrigerants™ [4]. - Hudson Technologies offers a range of services, including refrigerant management and real-time monitoring of refrigeration systems, contributing to carbon offset projects [4].