Overview
Hudson Q2 revenue of $72.8 mln beats analyst expectations, per LSEG data
The company which provides refrigerant solutions reports gross margin of 31%
Hudson ends Q2 with $84.3 mln in cash, no debt
Outlook
Hudson sees growth opportunity in reclaimed HFCs amid phase-down
Company focuses on organic growth and strategic acquisitions
Result Drivers
MILD TEMPERATURES - Slow start to selling season due to mild temperatures in Northeast and Midwest, affecting sales volume
REFRIGERANT PRICING - Increased pricing for certain refrigerants contributed to gross margin improvement
RECLAMATION BUSINESS - Growth in national reclamation business attributed to strategic acquisition of USA Refrigerants
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$72.85 mln
$71.70 mln (4 Analysts)
Q2 EPS
$0.23
Q2 Net Income
$10.17 mln
Q2 Gross Margin
31.0%
Q2 Basic EPS
$0.23
Q2 Operating Income
$12.72 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Hudson Technologies Inc is $8.50, about 0.9% below its July 29 closing price of $8.58
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nGNX4d1RS3
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)