The chart below shows how HDSN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HDSN sees a +4.51% change in stock price 10 days leading up to the earnings, and a -0.23% change 10 days following the report. On the earnings day itself, the stock moves by -1.15%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Decline Analysis: Hudson recorded $61.9 million in revenue in the 2024 quarter, a 19% decrease from last year's quarter.
Gross Margin Decline: Gross margin was 26% for the 2024 quarter compared to 40% in last year's quarter, reflecting lower refrigerant market prices.
Increased SG&A Expenses: SG&A was $8.1 million this quarter compared to $6.8 million in last year's quarter, indicating increased investment in personnel and professional fees.
Net Income Decline: The company recorded net income of $7.8 million or $0.17 per diluted share in the 2024 quarter compared to $13.6 million or $0.29 per diluted share in last year's quarter.
Strong Cash Position: Hudson strengthened its unlevered balance sheet, ending the quarter with $56.5 million in cash and no debt.
Negative
Revenue Decline Analysis: Hudson recorded $61.9 million in revenue in the 2024 quarter, a 19% decrease from last year's quarter.
Revenue Decline Factors: The decrease was related to lower refrigerant market prices and lower revenue from the company's DLA contract.
Gross Margin Decline: Gross margin was 26% for the 2024 quarter compared to 40% in last year's quarter, reflecting the lower refrigerant market prices.
Increased SG&A Expenses: SG&A was $8.1 million this quarter compared to $6.8 million in last year's quarter, indicating higher personnel costs and professional fees.
Operating Income Decline: The company recorded operating income of $7 million in the 2024 quarter, compared to $23.1 million in last year's quarter.
Hudson Technologies, Inc. (HDSN) Q3 2024 Earnings Call Transcript
HDSN.O
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