HDSN News & Events

Hudson Technologies sees Q2 revenue $73M-$76M, consensus $74M

Reports Q1 revenue $60.15M, consensus $57.15M. Reports Q1 gross margin 20% vs 22% last year. Reports Q1 sales volume growth of 20%. The company repurchased $2.5M of shares in Q1. "Our first quarter was one of operational and strategic progress, highlighted by enhancements to our management team, critical partnership development and our increased focus on operational excellence as we move into the core of our selling season," said CEO Ken Gaglione.

Hudson Technologies (HDSN) announced that it has signed a licensing agreement with Solstice Advanced Materials (SOLS) for the reclamation and resale of R-448A and R-449A refrigerants. These patented HFO refrigerant blends are used in accordance with the AIM Act when replacing higher GWP HFC refrigerants with lower GWP HFO refrigerants in the supermarket segment. The terms of the licensing agreement allow Hudson Technologies to reclaim and resell R-448A and R-449A in the United States and Canada.