Picture of Hudson Technologies logo

HDSN — Hudson Technologies News Story

0.000.00%
us flag iconLast trade - 00:00
IndustrialsAdventurousSmall CapContrarian

Hudson Technologies Q3 revenue beats estimates on higher sales volume

Overview

Hudson Technologies Q3 revenue grows 20% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

The refrigerant reclamation services firm awarded $210 mln contract with U.S. Defense Logistics Agency

Outlook

Hudson expects full-year gross margin in the mid-twenty percent range

Company anticipates seasonally lower Q4 revenue and gross margin

Hudson focuses on organic growth, acquisitions, and stock repurchases

Result Drivers

SALES VOLUME AND PRICING - Revenue growth driven by increased sales volume and higher average pricing for refrigerants

SUPPLY CHAIN EXPANSION - Expansion of strategic supply chain through outreach campaigns for used refrigerant returns

GROSS MARGIN IMPROVEMENT - Gross margin improved due to favorable pricing environment

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$74.01 mln$72.15 mln (4 Analysts)
Q3 EPSBeat$0.27$0.19 (4 Analysts)
Q3 Net Income$12.37 mln
Q3 Gross Margin32.00%
Q3 Basic EPS$0.28
Q3 Operating Income$13.97 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 $10.50, about 19.1% above its November 4 closing price of $8.49 The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago Press Release: ID:nGNX3Rrrhq For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

Recent news on Hudson Technologies

See all news