Welcome to our dedicated page for Hudson Technologies news (Ticker: HDSN), a resource for investors and traders seeking the latest updates and insights on Hudson Technologies stock.
Hudson Technologies Inc. (HDSN) is a leading American industrial products manufacturer known for its focus on refrigerants and their impact on chiller performance. The company offers a comprehensive range of services including refrigerant sales, reclamation services, on-site problem solving, and energy-saving assessments, ensuring systems operate at peak efficiency.
One of Hudson Technologies' standout offerings is its Platinum Reclamation Program, a one-stop-shop service for refrigerant recycling. This program has positioned Hudson Technologies as the largest reclamation company in the country. The company also sells refrigerants in various container sizes, from small 30-pound cylinders to large rail cars, catering to diverse customer needs.
Hudson Technologies is renowned for its on-site refrigerant services available nationwide, providing critical support in emergency situations. The company's proprietary Zugibeast system allows for rapid system decontamination at a customer's site, thus accelerating service delivery while saving time and money.
Additionally, Hudson Technologies offers a web-based real-time monitoring service for facility refrigeration and other energy systems, enhancing operational efficiency and reliability. Their commitment to innovation and customer service has made them an industry leader.
Recent achievements include expansions in service offerings and strategic partnerships to further solidify their market presence. Financially, Hudson Technologies continues to show strong performance, underscored by steady revenue growth and a robust market position.
Hudson Technologies (NASDAQ: HDSN), a leading provider of sustainable refrigerant products and services, announced that CEO Brian Coleman will attend the ROTH 10th Annual London Conference. This event will take place on June 26, 2024, at the Four Seasons Hotel in London. Coleman will be available for one-on-one meetings throughout the day.
Hudson Technologies, a leader in refrigerant sales and services, announced the acquisition of USA Refrigerants for $20.7 million, with potential earnout payments up to $2 million. USA Refrigerants, a major national distributor and purchaser of recovered refrigerants, has sustained average annual revenues of $20 million over the past three years. The acquisition aims to enhance Hudson's refrigerant acquisition and reclamation capabilities, leveraging USA's strong network and expertise. This strategic move aligns with Hudson's target valuation of 6X EBITDA and is expected to boost sales of high-margin recovered refrigerants amid decreasing supply of virgin refrigerants.
Hudson Technologies (NASDAQ: HDSN), a top provider of sustainable refrigerant solutions, is set to participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024, in Minneapolis, Minnesota. Brian Coleman, the company's President and CEO, will attend and be available for one-on-one meetings throughout the event. This participation underscores Hudson Technologies' ongoing efforts to engage with institutional investors and showcase its market-leading position in the HVACR industry.
Hudson Technologies (NASDAQ: HDSN), a major provider of refrigerant products and services for HVACR, will participate in the 24th Annual B. Riley Securities Institutional Investor Conference on May 22, 2024. CEO Brian Coleman is scheduled to present at 2:30 p.m. PT and will also hold one-on-one meetings throughout the day. This event provides an opportunity for Hudson Technologies to showcase its innovative and sustainable refrigerant solutions to potential investors and stakeholders.
Hudson Technologies, Inc. (NASDAQ: HDSN) has entered into a licensing agreement with The Chemours Company to sell Hudson reclaimed refrigerants under the Freon™ brand name. This agreement allows Hudson to market legacy reclaimed refrigerant products using the Freon™ brand alongside their Emerald Refrigerants™ brand. The partnership aims to promote sustainable refrigerant solutions amid the industry's phase down and phase out of refrigerants.
Hudson Technologies, Inc. reported a decrease in revenues by 15% in the first quarter of 2024 compared to the same period in 2023. Gross margin decreased to 33%, and operating income also saw a decline. Net income fell to $9.6 million from $15.5 million in 2023. Despite challenges in the selling season due to lower refrigerant prices, the company anticipates full-year revenue in the range of $250 to $265 million with a gross margin below the target of 35%. Hudson remains optimistic about the phasedown of HFC and the potential for increased profitability.
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