earnings
confidence high
sentiment positive
materiality 0.85
Hudson Tech Q1 revenue $84.3M (+149% YoY), net income $29.6M vs loss, raises FY 2022 outlook
HUDSON TECHNOLOGIES INC /NY
2022-Q1 EPS reported
$0.63
revenue$84,338,000
- Revenue $84.3M, up 149% YoY; gross margin 54% vs 27% in Q1 2021.
- Net income $29.6M ($0.63 diluted EPS) vs net loss of $1.1M (-$0.02) a year ago.
- Operating income $38.3M vs $1.7M; includes $4.6M one-time interest expense from term loan refinancing.
- New $85M term loan with TCW Asset Management; ABL facility expanded to $90M.
- CEO: FY 2022 revenue expected >$270M; long-term targets of $350M rev/$72M op income may be reached faster.