EMERALD Refrigerants™

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Hudson Technologies to Host Climate Week NYC 2025 Panel Discussion ”Reclaiming the Future Together”
Globenewswire· 2025-09-10 12:30
Core Points - Hudson Technologies, Inc. will host a panel discussion titled "Reclaiming the Future Together™- Power On the Growth of Refrigerant Reclamation" on September 22, 2025, at NASDAQ MarketSite as part of Climate Week NYC 2025 [1][2] - The panel will address the economic benefits of refrigerant reclamation, stakeholder roles in raising awareness, and the environmental impact of refrigerant recovery and reuse [3] - The event will feature industry experts, including Brian F. Coleman, CEO of Hudson Technologies, who emphasizes the importance of responsible refrigerant management [3] Company Overview - Hudson Technologies is a leading provider of sustainable refrigerant products and services, recognized as one of the largest refrigerant reclaimers in the U.S. [6] - The company has invested significantly in advanced separation technology to recover various refrigerants, restoring them to standards for reuse as certified EMERALD Refrigerants™ [6] - Hudson's services include refrigerant management, reclamation, and predictive diagnostic offerings, contributing to carbon offset projects [6] Industry Context - Climate Week NYC 2025 will take place from September 21 to 28, featuring over 600 events aimed at fostering dialogue on climate policy among global leaders [7] - The event is organized by Climate Group in partnership with the United Nations General Assembly, highlighting the importance of collaboration across sectors to address climate challenges [2][7]
Hudson Technologies Reports Second Quarter 2025 Results
Globenewswire· 2025-07-30 20:05
Core Insights - Hudson Technologies reported a solid second quarter despite a slow start to the core selling season, with revenues slightly decreasing compared to the same period in 2024 [1][6] - The company achieved a gross margin of 31%, primarily due to increased pricing of certain refrigerants and improved sourcing of recovered refrigerants [1][7] - Hudson's national reclamation business is growing, attributed to its enhanced market presence and the strategic acquisition of USA Refrigerants [1][3] Financial Performance - For the second quarter ended June 30, 2025, Hudson reported revenues of $72.8 million, a decrease of 3% from $75.3 million in the same period of 2024 [6][7] - The net income for the second quarter was $10.2 million, or $0.23 per diluted share, compared to $9.6 million, or $0.21 per diluted share in the prior year [6][7] - For the first six months of 2025, revenues totaled $128.2 million, down 9% from $140.5 million in the first half of 2024 [5][14] Operational Highlights - The company ended the quarter with $84.3 million in cash and no debt, reflecting a strengthened unlevered balance sheet [4][9] - Selling, general and administrative expenses increased slightly to $9.3 million in the second quarter compared to $9.0 million in the same period of 2024 [7][14] - Hudson Technologies is focused on meeting refrigerant and reclamation needs, leveraging long-standing customer relationships [2][3] Strategic Positioning - The ongoing phase-down of HFCs presents a significant long-term growth opportunity for reclaimed HFCs, as demand will increase while the supply of newly manufactured HFCs becomes limited [3][4] - The company is committed to investing in organic growth, pursuing acquisitions, and opportunistically repurchasing stock to enhance shareholder value [4][12]
Hudson Technologies to Attend 45th Annual Canaccord Genuity Growth Conference
GlobeNewswire News Room· 2025-07-29 12:30
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 [3] - The company is one of the largest refrigerant reclaimers in the United States, having made multimillion dollar investments in advanced separation technology for refrigerant recovery [3] - Hudson Technologies offers a range of services including refrigerant and industrial gas sales, refrigerant management services, and on-site system decontamination [3] Upcoming Event - Brian Bertaux, Chief Financial Officer, and Kate Houghton, Senior Vice President of Sales and Marketing, will attend the 45th Annual Canaccord Genuity Growth Conference on August 12, 2025 [1] - A presentation will be made at 2:00 PM ET, with opportunities for one-on-one meetings throughout the day [2]
Hudson Technologies to Host Conference Call to Discuss Second Quarter 2025 Results
GlobeNewswire News Room· 2025-07-16 12:30
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 [3] - The company has been a pioneer in refrigerant reclamation in the U.S., investing multimillion dollars in advanced separation technology to recover and restore refrigerants to industry standards [3] - Hudson Technologies offers a range of services including refrigerant and industrial gas sales, refrigerant management services, and predictive diagnostic services [3] Upcoming Events - Hudson Technologies will host a conference call and webcast on July 30, 2025, at 5:00 p.m. Eastern Time to discuss its second quarter 2025 results [1] - A replay of the teleconference will be available until August 29, 2025, accessible by dialing specific numbers with a conference ID [2]
Hudson Technologies Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:05
Core Insights - Hudson Technologies, Inc. reported a revenue of $55.3 million for Q1 2025, a decrease of 15% compared to $65.3 million in Q1 2024, primarily due to lower refrigerant prices despite a slight increase in sales volume [9][16] - The gross margin for Q1 2025 was 22%, down from 33% in the same period last year, largely driven by price compression in the refrigerant market [9][16] - The company has a strong balance sheet with $81 million in cash and no debt as of March 31, 2025, and has repurchased $4.5 million of common stock in 2025 [4][8] Financial Performance - Revenues for Q1 2025 were $55.3 million, down 15% from $65.3 million in Q1 2024 [9][16] - Gross profit decreased to $12.1 million in Q1 2025 from $21.4 million in Q1 2024, reflecting the decline in gross margin [9][16] - Operating income fell to $3.1 million in Q1 2025 from $12.8 million in the prior year [9][16] - Net income for Q1 2025 was $2.8 million, or $0.06 per share, compared to $9.6 million, or $0.21 per share, in Q1 2024 [9][16] Market and Strategic Insights - The company anticipates continued growth in its reclamation business due to the phase-down of HFC refrigerants under the AIM Act, which is expected to reduce the supply of virgin HFCs [3] - Several states are implementing requirements for the use of reclaimed refrigerants in municipal buildings, creating additional demand opportunities [3] - Hudson Technologies is focused on responsible refrigerant management and has strengthened its capabilities through the acquisition of USA Refrigerants [2][3] Cash Flow and Capital Allocation - Cash provided by operating activities was $14.2 million in Q1 2025, compared to a cash used of $0.9 million in the same period last year [19] - The company invested $1.4 million in property, plant, and equipment during the quarter [20] - Hudson Technologies continues to pursue a capital allocation strategy that includes organic growth investments, acquisitions, and stock repurchases [4][8]
Hudson Technologies to Host Conference Call to Discuss First Quarter 2025 Results
Newsfilter· 2025-04-23 12:30
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 [3] - The company has been a pioneer in refrigerant reclamation in the United States, investing multimillion dollars in advanced separation technology to recover and restore refrigerants to industry standards [3] - Hudson Technologies offers a range of services including refrigerant and industrial gas sales, refrigerant management services, and on-site system decontamination [3] Upcoming Events - The company will host a conference call and webcast on May 7, 2025, at 5:00 p.m. Eastern Time to discuss its first quarter 2025 results [1] - A replay of the teleconference will be available until June 6, 2025, accessible by dialing specific numbers provided [2]
Hudson Technologies to Host Conference Call to Discuss First Quarter 2025 Results
GlobeNewswire News Room· 2025-04-23 12:30
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 [3] - The company has been a pioneer in refrigerant reclamation in the United States, investing multimillion dollars in advanced separation technology to recover a variety of refrigerants [3] - Hudson Technologies offers a range of services including refrigerant and industrial gas sales, refrigerant management services, and on-site RefrigerantSide® Services for system decontamination [3] Upcoming Events - Hudson Technologies will host a conference call and webcast on May 7, 2025, at 5:00 p.m. Eastern Time to discuss its first quarter 2025 results [1] - A replay of the teleconference will be available until June 6, 2025, accessible by dialing (877) 481-4010 for domestic callers and (919) 882-2331 for international callers [2]