Hudson Tech Q3 revenue falls 19% to $61.9M; net income down to $0.17/sh

HUDSON TECHNOLOGIES INC /NY

2024-Q3 EPS reported $0.57 revenue$202,475,000

Revenue $61.9M (-19% YoY); gross margin 26% vs 40% in Q3 2023.
Net income $7.8M ($0.17 diluted) vs $13.6M ($0.29) a year ago; includes $2.3M non-recurring litigation settlement.
Operating income $7.0M vs $23.1M in the prior-year quarter.
FY2024 revenue expected at low end of prior guidance; gross margin ~28%.
Balance sheet: $56.5M cash, no debt; share repurchase program increased to $20M.

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