Hudson Technologies Reports Third Quarter 2024 Results
Hudson Technologies, Inc. (HDSN)
Last hudson technologies, inc. earnings: 3/4 04:05 pm
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US:NASDAQ Investor Relations:
hudsontech.com/investor-relations
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Source: GlobeNewswire
Third Quarter Revenue of $61.9 million Net income of $7.8 million or $0.17 per diluted shareStrengthened balance sheet with $56.5 million in cash and no debt Repurchased $2.6 million of common stock during the third quarter WOODCLIFF LAKE, N.J., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the third quarter and nine months ended September 30, 2024. Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “Our third quarter results reflected continued pricing pressure that persisted for certain refrigerants throughout the 2024 cooling season. While disappointing in the near term, pricing trends are only one element of our business model and we remain confident in our long-term growth strategy to capitalize on the phasedown of HFC refrigerants and the expected corresponding growth in demand for reclaimed refrigerants. With our current visibility, we are adjusting our expectation for ful
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