Hudson Technologies(US:HDSN) Globenewswire·2025-11-05 21:05Core Insights - Hudson Technologies reported strong financial results for Q3 2025, with a revenue growth of 20%, improved gross margin of 32%, and a net income increase of 59% to $12.4 million or $0.27 per diluted share [2][7][8] Financial Performance - For Q3 2025, revenues reached $74.0 million, up from $61.9 million in Q3 2024, driven by increased sales volume and higher average pricing for refrigerants [8][21] - Gross margin improved to 32.0% compared to 25.7% in Q3 2024, primarily due to favorable pricing conditions [8][21] - Operating income doubled to $14.0 million from $7.0 million in the prior year [8] - Selling, general and administrative expenses rose to $8.9 million from $8.1 million in Q3 2024 [8] Year-to-Date Results - For the nine months ended September 30, 2025, revenues were $202.2 million, slightly down from $202.5 million in the same period of 2024, attributed to a slight decrease in sales pricing [6][14] - Net income for the nine months was $25.3 million or $0.58 per basic share, compared to $27.0 million or $0.59 per basic share in the first nine months of 2024 [14][21] Strategic Developments - Hudson Technologies was awarded a $210 million contract to supply refrigerants and industrial gases to the U.S. military, reinforcing its long-standing partnership with the Defense Logistics Agency [4] - The company maintains a strong cash position of approximately $90 million and has no debt as of September 30, 2025 [5][9] Capital Allocation - The company continues to pursue a disciplined capital allocation strategy, focusing on organic growth, acquisition opportunities, and stock repurchases, having repurchased $5.8 million in common stock in 2025 [5]