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HDSN — Hudson Technologies News Story

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Brief: Hudson Technologies Q2 EPS USD 0.23

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$72.85 mln$71.70 mln (4 Analysts)
Q2 EPS$0.23
Q2 Net Income$10.17 mln
Q2 Gross Margin31.0%
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.)

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