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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$74.01 mln
$72.15 mln (4 Analysts)
Q3 EPS
Beat
$0.27
$0.19 (4 Analysts)
Q3 Net Income
$12.37 mln
Q3 Gross Margin
32.00%
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
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(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.)