HUDSG TECHNOLOGIES Reclaiming the Future Together. September 2023 ON-SITE REFRIGERANT SERVICE SAFE HARBOR STATEMENT INVESTMENT CONSIDERATIONS 3 | --- | --- | --- | --- | |--------------------------|-------|---------------------------------------------------------------------------------|------------| | First Half 2023 | | | | | | | Revenue: $167.7M Total Debt Reduction: | $14.3M | | Operating Income: $50.3M | | Current Leverage Ratio: | 0.32X to 1 | | Free Cash Flow: $20.4M* | | | | | 2025 Targets | | | | | ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q For the quarterly period ended June 30, 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 | 13-3641539 | | --- | --- | ...

Financial Data and Key Metrics Changes - The company recorded revenues of $90.5 million in Q2 2023, a decrease of 13% compared to $103.9 million in Q2 2022, primarily due to decreased selling prices of certain refrigerants [49] - Operating income was $27.7 million in Q2 2023, down from $49.8 million in Q2 2022 [7] - Net income for Q2 2023 was $19.2 million, or $0.42 per basic share, compared to $39.8 million, or $0.89 per basic share, in the same period of 2022 [7] - Gross margin moderated to 40% in Q2 2023, down from 55% in Q1 2022, reflecting a narrowing gap between inventory cost and sales price [20][23] - Cash flow from operations was $10.6 million in Q2 2023, compared to $28.8 million in Q2 2022 [24] Business Line Data and Key Metrics Changes - The company achieved carbon neutrality at its reclamation facilities during the quarter and introduced sustainable products, gaining recognition for its Emerald refrigerants brand [5] - The gross margin was positively impacted by higher margins on carbon sales and DLA, with a long-term gross margin target of approximately 35% [67] Market Data and Key Metrics Changes - The regulatory landscape is evolving, with the EPA mandating a 40% reduction in virgin HFC production and consumption allowances for 2024-2028, which is expected to create opportunities for the company as the supply of virgin HFCs becomes limited [4] - The company anticipates a tightening in inventory and availability of products relative to overall demand due to the significant reduction in calendar allocation for next year [28] Company Strategy and Development Direction - The company is focused on providing sustainable and responsible refrigerant management support, evolving its business model to meet end-to-end customer needs [6] - The strategy emphasizes building relationships with strategic customers rather than competing on price, particularly as the industry transitions to greener alternatives [14][29] Management's Comments on Operating Environment and Future Outlook - Management noted that the cooling season is viewed as a 9-month period, and quarter-to-quarter comparisons may not accurately reflect the full season's performance [19] - The company expects to see price increases due to anticipated tightening in inventory and availability of products as demand grows [28] - Management expressed confidence in the long-term adoption of reclaimed refrigerants driven by both legislation and environmental benefits [68] Other Important Information - The company reduced total outstanding debt by 31% from $46.8 million at the end of 2022 to $32.5 million at the end of Q2 2023, resulting in significant interest savings [8][51] - Stockholders' equity improved to $211 million at June 30, 2023, compared to $175 million at December 31, 2022 [51] Q&A Session Summary Question: What are the reasons for the current pricing levels of HFCs? - Management indicated that pricing reflects the availability of product compared to demand, with a slower start to demand this year impacting pricing [54][76] Question: How does the company view the EPA's authority and future regulations? - Management noted that the EPA has broad authority under the AIM Act, and future proposed rules are expected to promote reclamation growth [60] Question: What is the company's strategy regarding customer relationships? - The company aims to build sustainable relationships with customers who support recovery and reclamation, moving away from those seeking only low prices [32][78]

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, 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 | ...

Hudson Technologies, Inc. (NASDAQ:HDSN) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants John Nesbett - IMS Investor Relations Brian Coleman - Chairman, President and Chief Executive Officer Nat Krishnamurti - Vice President and Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Chip Moore - EF Hutton Gerry Sweeney - ROTH Capital Operator Greetings. Welcome to the Hudson Technologies' First Quarter 2023 Earnings Call. At this time, all ...

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, 2022 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 ...

Hudson Technologies, Inc. (NASDAQ:HDSN) Q4 2022 Results Conference Call March 8, 2023 5:00 PM ET Company Participants Jen Belodeau - Investor Relations Brian Coleman - President & Chief Executive Officer Nat Krishnamurti - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig Hallam Capital Group Gerry Sweeney - ROTH Capital Chip Moore - EF Hutton Operator Good day everyone, and welcome to the Hudson Technologies' Fourth Quarter 2022 Earnings Call. At this time, all participants have bee ...

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 | | | Name of each exchange on which | | --- | --- | --- | | Title of Each Class | Trading Symbol(s) | registered | | Common stock, $0.01 par value | HDSN | NASDAQ Capital Market | For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Hudson Technologies, Inc. (NASDAQ:HDSN) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants John Nesbett - Investor Relations Brian Coleman - Chairman, President & Chief Executive Officer Nat Krishnamurti - Vice President, Secretary & Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Group Gerry Sweeney - ROTH Capital Chip Moore - EF Hutton Operator Good afternoon, ladies and gentlemen and welcome to today's Hudson Technologies Third Quarter 2022 ...

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 June 30, 2022 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 | ...