Hudson Technologies(HDSN)2025-05-07 20:10Financial Performance - First quarter 2025 revenue was $55.3 million, a decrease of 15% compared to $65.3 million in the same period of 2024[7] - Gross margin for the first quarter of 2025 was 22%, down from 33% in the first quarter of 2024, primarily due to price-driven compression[7] - Operating income decreased to $3.1 million in Q1 2025 from $12.8 million in Q1 2024[7] - Net income for the first quarter of 2025 was $2.8 million, or $0.06 per share, compared to $9.6 million, or $0.21 per share, in the same period of 2024[7] - Selling, general and administrative expenses rose slightly to $8.2 million in Q1 2025 from $7.9 million in Q1 2024[7] Cash and Capital Management - Cash and cash equivalents increased to $81 million as of March 31, 2025, with no debt reported[5] - The company repurchased $4.5 million of common stock under its stock buyback plan in 2025[5] - The company remains focused on capital allocation strategies, including organic growth and acquisition opportunities[5] Strategic Initiatives - The strategic acquisition of USA Refrigerants has strengthened the company's reclamation business and capabilities[3] - The ongoing phase down of HFC refrigerants under the AIM Act is expected to create long-term growth opportunities for the reclamation business[4]