HDSN News & Events

Hudson Technologies announced that it has received a bridge modification from the United States Defense Logistics Agency extending the expiration date of its existing agreement from July 29 to November 29, with the option for two additional three-month extensions through February 28, 2027 and May 29, 2027, if necessary. "We appreciate the DLA's continued business and view this contract extension as a strong endorsement of the value Hudson has delivered throughout our more than 10-year relationship. We welcome this extension as an important next step in our longstanding commitment to supporting the DLA and its mission," said Ken Gaglione, president and CEO of Hudson Technologies.

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