secwatch.observer — SEC 8-K summary
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Issuer:     HUDSON TECHNOLOGIES INC /NY (HDSN)
CIK:        0000925528
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001104659-24-086280
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Technologies Q2 revenue falls 17% to $75.3M; provides FY2024 revenue guidance of $240-250M
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- Net income $9.6M ($0.20 diluted) vs $19.2M ($0.41) YoY; gross margin dropped to 30% from 41%.
- Revenue decline driven by ~25% drop in refrigerant pricing and lower DLA contract activity; volumes up 17%.
- Board authorizes $10M share repurchase program for 2024-2025; funded from existing cash and cash flow.
- Full year 2024 revenue expected $240-250M with ~30% gross margin if current pricing persists.
- Ended Q2 with no debt, $30.5M cash; $18.1M free cash flow in H1 2024 (incl. $20.7M for USA Refrigerants acquisition).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/925528/000110465924086280/0001104659-24-086280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/925528/000110465924086280/tm2420883d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086280

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer