Hudson Technologies' 2025 DLA Contract Rescinded Amid Bid Protest
Hudson Technologies provided an update on the status of its previously announced contract with the United States Defense Logistics Agency awarded in October 2025 and set to commence in July 2026. Hudson has served as prime contractor since 2016 and was awarded this new contract following a standard periodic competitive review and rebidding process. Hudson Technologies was recently notified that a competitor has filed a bid protest at the U.S. Court of Federal Claims, challenging the DLA's evaluation of proposals and the contract award to Hudson Technologies. In response, the DLA is reviewing its evaluation to determine whether corrective action is necessary and has rescinded the 2025 DLA Contract award during this process. While the bid protest and corrective action is pending, Hudson will continue providing logistics support under its existing contract which runs through July 2026.
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Hudson Technologies Awarded $210 Million Contract
- Contract Value and Duration: Hudson Technologies was awarded a $210 million contract in October 2025, with an initial five-year term covering the supply and management of refrigerants and compressed gases for U.S. military and federal agencies, scheduled to commence in July 2026.
- Contract Temporarily Rescinded: The Defense Logistics Agency has pulled back the contract award to reassess its proposal evaluation following a bid protest from a competitor filed with the U.S. Court of Federal Claims, highlighting that bid protests are common in government contracting.
- Stock Price Volatility: HDSN shares fell over 8% in pre-market trading but recovered most of the losses after the market opened, indicating that investor sentiment remains cautiously optimistic about the company's prospects.
- Operational Impact: Despite the contract being rescinded, Hudson Technologies confirmed that its existing DLA contract remains in effect through July 2026, ensuring that its logistics and refrigerant support operations will continue uninterrupted during this review period.
Hudson Technologies Acquires Refrigerants Inc. for $2.5 Million
- Acquisition Expansion: Hudson Technologies has acquired EPA-certified reclaimer Refrigerants Inc. for $2.5 million, which will enhance its sales and recovery capabilities in key markets, thereby increasing the company's market share in the refrigeration industry.
- Market Integration: This acquisition will allow Hudson Technologies to tap into Refrigerants Inc.'s long-standing customer base, expected to increase the volume of recovered refrigerants and further solidify its leadership position in the reclamation industry.
- Strategic Consistency: The CEO of Hudson Technologies noted that this acquisition aligns with the company's previous accretive acquisitions aimed at driving organic growth by expanding access to sources of recovered refrigerants.
- Regulatory Impact: With the AIM Act's phasedown of HFC refrigerant supply, the acquisition of Refrigerants Inc. will strengthen Hudson Technologies' competitive edge in adapting to market changes, ensuring its critical role in sustainable refrigerant management.
Hudson Technologies Acquires Refrigerants Inc. for $2.5 Million
- Acquisition Expansion: Hudson Technologies has acquired Refrigerants Inc. for $2.5 million, which will enhance its position in the refrigerant reclamation market; although the deal is immaterial to financial results, it will expand access in key markets.
- Market Demand Response: With the AIM Act's phase-down of HFC refrigerant supply, the acquisition of Refrigerants Inc. will enable Hudson Technologies to better meet the market's demand for reclaimed refrigerants, thereby enhancing its competitive edge in the industry.
- Customer Base Enhancement: This acquisition will provide Hudson Technologies access to Refrigerants Inc.'s longstanding customer base, which is expected to increase the volume of reclaimed refrigerants and further solidify its leadership position in the reclamation industry.
- Strategic Consistency: Hudson's CEO noted that this acquisition aligns with the company's previous accretive acquisitions aimed at driving organic growth by expanding access to sources of reclaimed refrigerants.
Hudson Technologies to purchase Refrigerants for $2.5 million
Acquisition Announcement: Hudson Technologies has acquired Refrigerants Inc. for $2.5 million, which is expected to enhance their market presence in refrigerant sales and the aftermarket supply chain.
CEO's Statement: Kenneth Gaglione, President and CEO, stated that while the acquisition is immaterial to financial results, it is crucial for responsible refrigerant management and reclamation practices.
Hudson Technologies Raises Share Buyback Authorization to $20 Million
Share Repurchase Authorization Increase: Hudson Technologies, Inc. has increased its share repurchase authorization from $10 million to $20 million for the calendar year 2025, and also authorized an additional $20 million for 2026.
CEO's Statement: Kenneth Gaglione, President and CEO, stated that the increase reflects the company's strong capital generation and commitment to returning capital to shareholders while still investing in growth.
Hudson Technologies authorizes $20 million for stock buyback
Share Repurchase Authorization Increase: Hudson Technologies has approved an increase in its share repurchase authorization, allowing for the purchase of up to $20 million in shares for 2025, up from the previously authorized $10 million.
Future Repurchase Plans: The company plans to repurchase an additional $20 million of outstanding common stock in 2026, contingent on corporate and regulatory requirements.
Recent Company Developments: Hudson Technologies has appointed Kenneth Gaglione as Chairman, President, and CEO, signaling a strategic transition aimed at diversified growth.
Financial Performance Insights: Despite a 20% revenue surge in Q3, the company's stock has faced challenges, with discussions around market reactions and potential overreactions to its performance.
Hudson Technologies Awarded $210 Million Contract
- Contract Value and Duration: Hudson Technologies was awarded a $210 million contract in October 2025, with an initial five-year term covering the supply and management of refrigerants and compressed gases for U.S. military and federal agencies, scheduled to commence in July 2026.
- Contract Temporarily Rescinded: The Defense Logistics Agency has pulled back the contract award to reassess its proposal evaluation following a bid protest from a competitor filed with the U.S. Court of Federal Claims, highlighting that bid protests are common in government contracting.
- Stock Price Volatility: HDSN shares fell over 8% in pre-market trading but recovered most of the losses after the market opened, indicating that investor sentiment remains cautiously optimistic about the company's prospects.
- Operational Impact: Despite the contract being rescinded, Hudson Technologies confirmed that its existing DLA contract remains in effect through July 2026, ensuring that its logistics and refrigerant support operations will continue uninterrupted during this review period.
Hudson Technologies Acquires Refrigerants Inc. for $2.5 Million
- Acquisition Expansion: Hudson Technologies has acquired EPA-certified reclaimer Refrigerants Inc. for $2.5 million, which will enhance its sales and recovery capabilities in key markets, thereby increasing the company's market share in the refrigeration industry.
- Market Integration: This acquisition will allow Hudson Technologies to tap into Refrigerants Inc.'s long-standing customer base, expected to increase the volume of recovered refrigerants and further solidify its leadership position in the reclamation industry.
- Strategic Consistency: The CEO of Hudson Technologies noted that this acquisition aligns with the company's previous accretive acquisitions aimed at driving organic growth by expanding access to sources of recovered refrigerants.
- Regulatory Impact: With the AIM Act's phasedown of HFC refrigerant supply, the acquisition of Refrigerants Inc. will strengthen Hudson Technologies' competitive edge in adapting to market changes, ensuring its critical role in sustainable refrigerant management.
Hudson Technologies Acquires Refrigerants Inc. for $2.5 Million
- Acquisition Expansion: Hudson Technologies has acquired Refrigerants Inc. for $2.5 million, which will enhance its position in the refrigerant reclamation market; although the deal is immaterial to financial results, it will expand access in key markets.
- Market Demand Response: With the AIM Act's phase-down of HFC refrigerant supply, the acquisition of Refrigerants Inc. will enable Hudson Technologies to better meet the market's demand for reclaimed refrigerants, thereby enhancing its competitive edge in the industry.
- Customer Base Enhancement: This acquisition will provide Hudson Technologies access to Refrigerants Inc.'s longstanding customer base, which is expected to increase the volume of reclaimed refrigerants and further solidify its leadership position in the reclamation industry.
- Strategic Consistency: Hudson's CEO noted that this acquisition aligns with the company's previous accretive acquisitions aimed at driving organic growth by expanding access to sources of reclaimed refrigerants.
Hudson Technologies to purchase Refrigerants for $2.5 million
Acquisition Announcement: Hudson Technologies has acquired Refrigerants Inc. for $2.5 million, which is expected to enhance their market presence in refrigerant sales and the aftermarket supply chain.
CEO's Statement: Kenneth Gaglione, President and CEO, stated that while the acquisition is immaterial to financial results, it is crucial for responsible refrigerant management and reclamation practices.
Hudson Technologies Raises Share Buyback Authorization to $20 Million
Share Repurchase Authorization Increase: Hudson Technologies, Inc. has increased its share repurchase authorization from $10 million to $20 million for the calendar year 2025, and also authorized an additional $20 million for 2026.
CEO's Statement: Kenneth Gaglione, President and CEO, stated that the increase reflects the company's strong capital generation and commitment to returning capital to shareholders while still investing in growth.
Hudson Technologies authorizes $20 million for stock buyback
Share Repurchase Authorization Increase: Hudson Technologies has approved an increase in its share repurchase authorization, allowing for the purchase of up to $20 million in shares for 2025, up from the previously authorized $10 million.
Future Repurchase Plans: The company plans to repurchase an additional $20 million of outstanding common stock in 2026, contingent on corporate and regulatory requirements.
Recent Company Developments: Hudson Technologies has appointed Kenneth Gaglione as Chairman, President, and CEO, signaling a strategic transition aimed at diversified growth.
Financial Performance Insights: Despite a 20% revenue surge in Q3, the company's stock has faced challenges, with discussions around market reactions and potential overreactions to its performance.
