Hudson Tech Q1 revenue $65.3M (-15% YoY); net income $9.6M ($0.20/diluted); guides FY revenue $250-265M

HUDSON TECHNOLOGIES INC /NY

2024-Q1 EPS reported $0.20 revenue$65,250,000

Revenue $65.3M vs $77.2M in Q1 2023 (-15%); gross margin 33% vs 39%.
Net income $9.6M ($0.21 basic/$0.20 diluted) vs $15.5M ($0.34/$0.33) YoY; operating income $12.8M vs $22.7M.
Sees FY 2024 revenue $250-265M if current refrigerant pricing persists; gross margin below 35% target.
Current pricing may cause Hudson to not meet previously stated 2025 revenue and gross margin targets.
EPA Refrigerant Management rule expected late summer; may mandate reclaimed refrigerant use, supporting long-term reclamation demand.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HUDSON TECHNOLOGIES INC /NY reported first quarter ended March 31, 2024 results: revenue $65.3 million, net income $9.6 million or $0.21 per basic and $0.20 per diluted share, EPS $0.20 per diluted share. Guidance lowered.

Period: first quarter ended March 31, 2024
Revenue: $65.3 million
Net income: $9.6 million or $0.21 per basic and $0.20 per diluted share
EPS: $0.20 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

For the quarter ended March 31, 2024, Hudson reported revenues of $65.3 million, a decrease of 15% compared to revenues of $77.2 million in the comparable 2023 period.

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Source: SEC EDGAR

accession 0001104659-24-055740

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