earnings
confidence high
sentiment positive
materiality 0.85
Hudson Tech Q4 revenue $37.8M (+71% YoY), net income $6.2M; FY2021 net income $32.3M vs loss prior year
HUDSON TECHNOLOGIES INC /NY
- Q4 revenue $37.8M (up 71% YoY), gross margin 45% vs 25%, net income $6.2M ($0.14 basic EPS) vs loss of $4.7M.
- Full-year 2021 revenue $192.7M (up 31% YoY), gross margin 37% vs 24%, net income $32.3M ($0.74 basic EPS) vs loss of $5.2M.
- New $85M term loan with TCW Asset Management and amended ABL facility to $90M; existing term loan repaid and terminated.
- CEO guidance: revenue could exceed $270M in 2022 assuming continued pricing strength; refinancing reduces effective interest rate by ~3%.
- Record results driven by higher refrigerant selling prices; AIM Act stepdown in HFC production expected to boost reclamation demand.