Hudson Tech Q3 revenue down 15% to $76.5M; net income $13.6M vs $29.4M

HUDSON TECHNOLOGIES INC /NY

2023-Q3 EPS reported $1.02 revenue$244,169,000

Revenue $76.5M, down 15% YoY from $89.5M; gross margin 40% vs 49% in Q3 2022.
Net income $13.6M ($0.29 diluted) vs $29.4M ($0.62) in Q3 2022.
Non-GAAP adjusted net income $16.1M ($0.34 diluted) excludes $3.4M debt-payoff costs.
Fully repaid remaining $32.5M term loan in Q3; saved $10M+ annualized interest.
Management expects 2024 HFC production cut to boost demand for reclaimed refrigerant.

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 0.95

HUDSON TECHNOLOGIES INC /NY reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

For the quarter ended September 30, 2023, Hudson reported revenues of $76.5 million, a decrease of 15% compared to revenues of $89.5 million in the third quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HUDSON TECHNOLOGIES INC /NY reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

The Company achieved net income of $13.6 million or $0.30 per basic and $0.29 per diluted share, compared to net income of $29.4 million or $0.65 per basic and $0.62 per diluted share in the third quarter of 2022.

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Source: SEC EDGAR

accession 0001104659-23-113391

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