Hudson Technologies reports Q3 2022 record revenue of $89.5M, up 48% YoY

HUDSON TECHNOLOGIES INC /NY

2022-Q3 EPS reported $2.10 revenue$277,781,000

Revenue $89.5M (+48% YoY); net income $29.4M ($0.62 diluted EPS) vs $15.9M ($0.34) in prior year.
Gross margin expanded to 49% from 39% YoY on higher refrigerant prices without cost appreciation.
Operating income $36.3M vs $16.9M; debt reduced by ~$31M in Q3.
Management cites AIM Act phasedown (10% stepdown in 2022-2023, 40% baseline reduction in 2024) as tailwind.
Non-cash tax benefit of $2.8M in Q3 from release of valuation allowance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUDSON TECHNOLOGIES INC /NY reported the nine months ended September 30, 2022 results: revenue $277.8 million, net income $98.7 million, EPS $2.10 per diluted share.

Period: the nine months ended September 30, 2022
Revenue: $277.8 million
Net income: $98.7 million
EPS: $2.10 per diluted share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2022, Hudson reported revenues of $277.8 million, an increase of 79% compared to revenues of $155.0 million in the first nine months of 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUDSON TECHNOLOGIES INC /NY reported the third quarter ended September 30, 2022 results: revenue $89.5 million, net income $29.4 million, EPS $0.62 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $89.5 million
Net income: $29.4 million
EPS: $0.62 per diluted share
Result: reported results

Exact text from the filing

For the quarter ended September 30, 2022, Hudson reported revenues of $89.5 million, an increase of 48% compared to revenues of $60.6 million in the comparable 2021 period.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-22-113962

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