Hudson Technologies Q4 revenue down 5% YoY, FY23 net income falls to $1.10 diluted EPS from $2.20

HUDSON TECHNOLOGIES INC /NY

Q4 2023 revenue $44.9M (-5% YoY); net income $3.9M ($0.08 diluted) vs $5.1M ($0.11) in Q4 2022.
Full-year 2023 revenue $289.0M (-11% YoY); gross margin 39% vs 50%; operating income $78.2M vs $131.5M.
DLA contract revenue hit record $53M in 2023; $20M of that likely non-recurring in 2024.
Fully repaid remaining $32.5M term loan in Q3 2023; stockholders' equity rose to $228.8M.
Management cites AIM Act stepdown and pending reclamation mandates as future tailwinds; final rule expected summer 2024.

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 fourth quarter and year ended December 31, 2023 results: revenue $44.9 million, net income $3.9 million, EPS $0.09 per basic and $0.08 per diluted share.

Period: fourth quarter and year ended December 31, 2023
Revenue: $44.9 million
Net income: $3.9 million
EPS: $0.09 per basic and $0.08 per diluted share
Result: reported results

Exact text from the filing

Technologies, Inc. (NASDAQ: HDSN) announced results for the fourth quarter and year ended December 31, 2023. For the quarter ended December 31, 2023, Hudson reported revenues of $44.9 million, a decrease of 5% compared to revenues of $47.4 million in the comparable 2022 period. The decrease is primarily related to decreased selling prices for certain refrigerants,

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Source: SEC EDGAR

accession 0001104659-24-031481

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