Hudson Technologies Board of Directors Approves Increase to Company’s Share Repurchase Program
Hudson Technologies (NASDAQ: HDSN) announced an increase to its share repurchase program, allowing the company to purchase up to $20 million in common stock shares. The program allows for up to $10 million in share repurchases during each of calendar years 2024 and 2025, doubling the previously announced authorization. Purchases may be made through open market repurchases, private negotiations, or Rule 10b5-1 trading plans. The timing and volume will depend on factors including stock price, trading volume, and market conditions. The program can be modified or discontinued at any time.
Hudson Technologies (NASDAQ: HDSN) ha annunciato un aumento del suo programma di riacquisto di azioni, consentendo alla società di acquistare fino a 20 milioni di dollari in azioni ordinarie. Il programma prevede un massimo di 10 milioni di dollari in riacquisti di azioni per ciascuno degli anni solari 2024 e 2025, raddoppiando l'autorizzazione precedentemente annunciata. Gli acquisti possono avvenire tramite riacquisti sul mercato aperto, negoziazioni private o piani di trading conformi alla Regola 10b5-1. Il momento e il volume dipenderanno da fattori quali il prezzo delle azioni, il volume degli scambi e le condizioni di mercato. Il programma può essere modificato o interrotto in qualsiasi momento.
Hudson Technologies (NASDAQ: HDSN) anunció un aumento en su programa de recompra de acciones, permitiendo a la empresa comprar hasta 20 millones de dólares en acciones ordinarias. El programa permite hasta 10 millones de dólares en recompras de acciones durante cada uno de los años calendario 2024 y 2025, duplicando la autorización previamente anunciada. Las compras pueden realizarse a través de recompras en el mercado abierto, negociaciones privadas o planes de trading según la Regla 10b5-1. El momento y el volumen dependerán de factores como el precio de las acciones, el volumen de transacciones y las condiciones del mercado. El programa puede ser modificado o cancelado en cualquier momento.
허드슨 테크놀로지스 (NASDAQ: HDSN)는 자사 주식 재매입 프로그램을 확대했다고 발표했습니다. 이로 인해 회사는 보통주 주식을 최대 2천만 달러까지 매입할 수 있게 되었습니다. 이 프로그램에서는 2024년과 2025년 각각 1천만 달러까지 주식 재매입이 가능하며, 이는 이전에 발표된 승인 금액의 두 배에 해당합니다. 매입은 공개 시장 재매입, 개인 협상 또는 규칙 10b5-1 거래 계획을 통해 이루어질 수 있습니다. 매입 시기와 규모는 주가, 거래량, 시장 상황 등 다양한 요인에 따라 달라질 것입니다. 이 프로그램은 언제든지 수정되거나 중단될 수 있습니다.
Hudson Technologies (NASDAQ: HDSN) a annoncé une augmentation de son programme de rachat d'actions, permettant à l'entreprise d'acheter jusqu'à 20 millions de dollars d'actions ordinaires. Le programme autorise jusqu'à 10 millions de dollars de rachats d'actions durant chacune des années civiles 2024 et 2025, doublant l'autorisation précédemment annoncée. Les achats peuvent être effectués par le biais de rachats sur le marché ouvert, de négociations privées ou de plans de trading conformes à la règle 10b5-1. Le moment et le volume dépendront de facteurs tels que le prix des actions, le volume des transactions et les conditions du marché. Le programme peut être modifié ou interrompu à tout moment.
Hudson Technologies (NASDAQ: HDSN) hat eine Erhöhung seines Aktienrückkaufprogramms bekannt gegeben, das es dem Unternehmen erlaubt, bis zu 20 Millionen Dollar an Stammaktien zu kaufen. Das Programm erlaubt Rückkäufe von bis zu 10 Millionen Dollar in jedem der Kalenderjahre 2024 und 2025 und verdoppelt damit die zuvor angekündigte Genehmigung. Käufe können über Rückkäufe in offenen Märkten, private Verhandlungen oder nach dem 10b5-1 Handelsplan erfolgen. Der Zeitpunkt und das Volumen hängen von Faktoren wie dem Aktienkurs, dem Handelsvolumen und den Marktbedingungen ab. Das Programm kann jederzeit geändert oder eingestellt werden.
- Board approved doubling of share repurchase program to $20 million
- Strong balance sheet enables capital return to shareholders while maintaining growth investments
- Flexible repurchase program with discretionary timing and multiple execution methods
- Capital allocation to buybacks may reduce funds available for business operations and acquisitions
Insights
The doubling of Hudson Technologies' share repurchase program to
With a market cap of
WOODCLIFF LAKE, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced that its board of directors has approved an increase to the Company’s share repurchase program. Hudson may now purchase up to
Under the share repurchase program, Hudson may purchase shares of its common stock on a discretionary basis from time to time through open market repurchases or privately negotiated transactions or through other means, including by entering into Rule 10b5-1 trading plans, in each case, during an “open window” and when the Company does not possess material non-public information. The timing and actual number of shares repurchased under the repurchase program will depend on a variety of factors, including stock price, trading volume, market conditions, corporate and regulatory requirements and other general business considerations. The repurchase program may be modified, suspended or discontinued at any time without prior notice.
Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “Our strengthened balance sheet gives us the flexibility to invest in growth while also effectively returning capital to shareholders. We believe the board’s approval to increase the buyback program reflects its confidence in Hudson’s ability to drive long-term growth and reinforces our commitment to a disciplined capital allocation strategy which includes business working capital needs, acquisitions and share repurchases.”
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services to the Heating Ventilation Air Conditioning and Refrigeration industry. For nearly three decades, we have demonstrated our commitment to our customers and the environment by becoming one of the first in the United States and largest refrigerant reclaimers through multimillion dollar investments in the plants and advanced separation technology required to recover a wide variety of refrigerants and restoring them to Air-Conditioning, Heating, and Refrigeration Institute standard for reuse as certified EMERALD Refrigerants™. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide® Services performed at a customer's site, consisting of system decontamination to remove moisture, oils and other contaminants. The Company’s SmartEnergy OPS® service is a web-based real time continuous monitoring service applicable to a facility’s refrigeration systems and other energy systems. The Company’s Chiller Chemistry® and Chill Smart® services are also predictive and diagnostic service offerings. As a component of the Company’s products and services, the Company also generates carbon offset projects.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the laws and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, the ability to meet financial covenants under its existing credit facility, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, and other risks detailed in the Company's 10-K for the year ended December 31, 2023 and other subsequent filings with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
| Investor Relations Contact: John Nesbett/Jennifer Belodeau IMS Investor Relations (203) 972-9200 jnesbett@imsinvestorrelations.com | Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com |
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